World Colonial

That's because everyone is looking in the rear-view mirror. Debt coverage is or at least was generally good, thanks to artificially low borrowing costs and inflated earnings from a fake economy, mostly from government deficit spending. Wait and see how great this credit quality looks with much higher rates and lower earnings. It's a process, not an event. No market moves in a straight line forever. We've been in a bond bear market for over three years. There will be a partial retracement lasting maybe up to a few years, maybe even longer but I doubt it. I don't think the next rising phase will take UST rates to 15% but double digits are definitely feasible. Most people don't believe this is likely or possible because they look at the environment and it looks good to "ok", depending upon the person's perception from their personal circumstances. The "fundamentals" never look terrible at or near market peaks and vice versa because that's not how markets actually work. I can speculate on the type of environment which might exist in a future of much higher rates. Both are the result of negative psychology, rates entirely since no one who knows what they are talking about can claim rates since at least 2008 are the result of the positive "fundamentals". It's a mania. The actual credit quality of the USG is the worst since at least WWII. (My explanation for it is extensive economic and social decay, an attempt to prevent falling living standards and a belief in something for nothing.) This is the benchmark for all other rates. So yes, when this is widely acknowledged, it's easy to see how rates are destined to "blow out". You seem to be describing some form of "equilibrium". There is no such thing.

Temporary value, depending upon the maturity/duration and credit quality. There has been a "blood bath" in USG bonds, with TLT ETF losing over 50% (not including interest payments) since the peak in 2020. That's as bad as the S&P during the GFC. The bond mania almost certainly peaked in 2020 after a 39=year bull market. This means rates are destined to "blow out" past the 1981 high years from now, as the economic "fundamentals" are actually mediocre to awful. So, yes, closer to an interim peak in yields and low in prices, for higher quality debt, not necessarily "junk" which is actually most of what's out there given the extended history of sub-basement credit standards masquerading as "prudent".

This is why I win most coins in my primary collection. Virtually no one else likes it enough to lose money on it.

1752 Peru 4R, if it exists. One is claimed but not publicly. confirmed.

I wasn't questioning your Google search. I'm questioning the accuracy of whoever posted it on Google. I don't believe it's possible to measure this accurately due to lack of data, accuracy of available data, and the methodology used, probably the USG if this was the source. $900 isn't "squat" today or in the recent past while $37 was decent money back then since it was close to two DE. Not trying to derail this thread. We can start another one if anyone wants to discuss it further.

I don't believe $901 in 2023 is worth the same as $37 in 1882 either. Depends how it's measured.

I think it's more than "some". I'd say "most" and it's not limited to this coin or series either. Somewhat different, but I consider chop marked coins damaged while I understand it's more widely collected or at least accepted now versus previously, including at least in some instances by the TPG. In my series, it's substantially who did it. So, when Britain did it with 1758 undated Jamaican coinage, it's not damage. Since these are collected by both British and pillar collectors and the counterstamped (or countermarked) coin is usually scarcer, it's worth noticeably more. I'd like to have a denomination set as a supplement, eventually.

This gets my vote as the stupidest idea in business, ever. There is truth to the idea that supply creates its own demand, but not with a pretend world where people are going to spend huge amounts for it. Those who have paid stupid amounts for "real estate" in it are just like those buying an NFT. It's another aspect of the asset mania where people have collectively lost their minds.

Someone saw what they wanted to see, even when it isn't there. Learning the minutia in the differences between one-point increments in the Sheldon scale takes some effort. It takes no effort for the non-collector novice to comprehend the Sheldon scale, especially when they overwhelmingly only concern themself with two numbers. That's a "69" and a "70".

This marketing effort is targeted to NCLT where the predominant buyer spending any meaningful money seems to be predominantly "stacking" or buying it for other financial reasons. They aren't hobbyist collectors since there isn't any substance to this collecting. Anyone with the money can buy any of these coins or sets in as little as one day, except maybe with some arbitrary holder and label combination. Unlike circulating coinage, there isn't even any variation in appearance for something like 98% or 99% of it either. It's the ultimate widget buying.

Stacks conducts intermittent cryptocurrency auctions on their site too, though I wasn't aware of it by Heritage. With the quick prior look I made of the Stack's listings, apparently, someone did create physical "coins" representing actual Bitcoin at minimum. I haven't read up on it so can't provide any specifics, as I have zero interest in it. I'd guess these physical versions might sell at nominal premiums to the electronic Bitcoin and higher premiums for those like XRP which last I checked were valued at less than $1. Given the widespread use of "crypto", it's feasible for these physical representations to trade as a form of collectible, but to a point only. A physical coin version of Bitcoin isn't interesting enough to sell at substantial premiums as a collectible longer-term, unless the supply is very limited or the underlying "currency" completely collapses. At $25,000+ now, it's hopelessly uncompetitive as a collectible, except to financially motivated "widget" buyers which is speculation. This should hardly be shocking to anyone who will evaluate the topic impartially. The same principle applies to a lesser extent to NCLT (more so the bullion type collectible coins) and also somewhat to common pre-1933 US classic and most common "world" gold. It applies less to ASE and Morgan dollars despite the (likely) substantial financially related buying because most of these coins are a lot cheaper.

I'd attribute it to the apparently more widespread belief that society won't let them financially fail. The incentive structure incentivizes people to take big risks. If you are a portfolio manager, it's not your money, so underperforming your benchmark means customer leave while there is "safety" in being wrong if this house of cards collapses. At the individual level, it's even worse now after mortgage moratoriums, rent and student loan forbearance, and paying some people more not to work than when they were working. It's completely insane. There is a manic mentality that seemingly no matter what happens, the irresponsible should always expect to get bailed out. The only thing that is going to change this widespread thinking is extended widespread actual austerity, not doing without something trivial like cable TV or a smart phone. Read that too, and there is quite a bit of truth to it. Worth somewhat more than that

Same thing could be said of gold, silver, or coins. The difference though is that crypto is actually literally nothing.

For me, the biggest gap in what dealers offer their buyers is timely updated inventory. If anyone could ever make it economically feasible to dealers at scale, it would certainly have potential value to me as a collector of coinage which is difficult to find. Aside from eBay, there are other aggregator sites like VCoins and MA Shops but it's limited. I presume more dealers don't participate because the value proposition isn't there for them. Don't know how it does or may differ from your effort.

Excel I also don't collect any US coins, if your product is built around that. Also, if you eventually intend to market it for a fee, the landing page seems to indicate it's more for coin dealers versus collectors. I don't see much of a market from collectors, unless it's free and you intend to generate revenue from advertising.

Here are some facts on the Liberty nickel series from an independent source, the Heritage Archives as of mid-2022. I covered the Heritage Archives in a prior thread last year though cannot remember the exact date. This thread included some disclaimers on the data limitations which I will not repeat here. Circulation strikes Proofs $200-$500 29/84 28/84 $501-$2,500 40/99 34/99 $2,501-$10,000 49/108 52/108 $10,001-$50,000 77/108 93/108 $50,001-$100,000 No sales T-86 (last with a sale) $100,000+ No sales T-68/81 (three 1913 sales) I didn't evaluate below $200, as it isn't financially meaningful, but presume the ranking is higher since a noticeable of the 112 series aren't available below this price point.

Depends what kind of collection you or anyone else wants. I don't make impulse purchases and hardly ever buy anything for my "side collections" anymore either. I did just buy one of the tougher dates in the Boliviano series though. It's a set I intend too eventually complete. I'm also looking to sell coins from discontinued "side collections" and past impulse purchases. However, I recognize that most others prefer to have broader variety than I do. One way I look at it when contemplating a sale is whether I would buy the same or similar coin for about the same money (in my case, if available). If the answer is "no", time to sell.

What exactly are you trying to accomplish? If you contacted this source to communicate a "want list" for an already existing MS-67, this might work. If you contacted them to find a candidate MS-67 ungraded where they will submit the coin to "make" the grade for you, I'm predicting you're going to be waiting a long time. As in, you're never going to hear back from them. The return for the time effort isn't there for any seller. Something else? If so, what?

Just saw this thread. Sure, buy it if the buyer likes it as a collectible. But while the mintage is low, this isn't a low number for any coin in close to comparable quality. 2481 also isn't a low enough number where this coin will ever be difficult to buy. My answer is "no". This coin is included in the "Top 50" moderns book profiled in two old threads on this forum. I never posted in either but will revisit the topic in the near future.

Big difference between "most" and "all". 1/2C, cents, 2C, 3CN, and nickels weren't gold or silver.

The lopsided proportion of Australian coins in holders are NCLT. Last I checked, PCGS graded more than NGC for pre-decimal (one of the few) but it's a very low fraction of the total. I have seen almost zero TPG coins in Noble Numismatics' auctions who I understand is the largest firm in the country. Someone told me it's due to export requirements (which makes no sense to me) but doesn't seem prevalent there, except by financially motivated buyers. I also suspect that at least a noticeable minority if not majority of NCLT is possibly owned by Americans, not necessarily locally.

Unless there has been a "meaningful" increase in TPG coins sold in Germany, predominantly likely not German bidders, though I will admit I can't explain any sudden change. I haven't looked at German auctions lately and never looked at German dealer websites, only MA Shops or eBay in the past. Germany is potentially somewhat different from other countries in the sense it's large enough where there is at least a potential resale market for the higher graded coins locally. 2nd or 3rd, after China. I don't believe there is much of one but could be wrong about that. This doesn't exist virtually anywhere else, outside of the countries already demonstrating a TPG preference: China, South Africa, and maybe Canada.

In the past at YE, Heritage used to issue a press release where they broke out their auction volume measured by value for each major category they offer. This included US and non-US coinage. I didn't look for 2022 but you can find prior years (2019 or so at minimum) with an internet search. This will confirm what I told you. In checking their archives for my last post, I did notice that the count for the UK has gone up noticeably since my last search. It was just under 40K the last time and now its 52K, about one in every eight "world" coins sold. I also noticed the gap is closing in the overall ratio (with the US) but it's still lopsided, both by volume and value. A low number of countries account for a disproportionate pct. of "world" volume: UK, Germany, Canada, Mexico, China, and France in that order with the UK in the lead by a "country mile", almost twice Germany (including German states) which is marginally ahead of all other except for France. 40% to 45% of the total. The archives don't provide an option to filter by sale date, and I didn't perform a manual count to try to quantify any change in distribution. I know the ratio of US vs. "world" in aggregate has decreased somewhat over time, but that's all. Heritage has Hong Kong based sales occasionally, so I assume much or maybe most of the more expensive Chinese and Hong Kong (colonial) coinage is consigned by locals since these sales commenced. I also infer that Heritage receives major European collections in the Netherlands, any other offices they have there, or any agents if they have any. Mostly though, that this coinage is consigned by and bought by US based collectors. Note, the last paragraph is an inference, not "fact".

The vast majority of Heritage auction volume, both by number of lots and value, is in US coinage. You'd know this if you had any familiarity with their auction archives. It's something like 5-1 US vs. "world" and "ancient" combined. 6-1 US vs. "world". This is by volume. It's even more lopsided by value due to the US outlier price level. Moreover, it's very likely (very, very likely) that the vast majority of "world" volume is also from US based collectors, not elsewhere. Who do you think is mostly buying and submitting most of this coinage? Yes, somewhat more graded coins showing up on eBay from non-US sellers and in non-US auctions but a distinct minority.

I'm interested in this too. Also this Yes, and anecdotal is all it will ever be. No money in chasing this information. down, even assuming it is available.