First time I can recall US operations exactly on target. World is 3 days over on Express and 2 days over on Economy
April is stronger than last April so far but with no backlog, the rest of the quarter may slow down.
and they buyer is talking about getting the bank of mongolia involved!!!!!! if the coins are fake get in line!!!!
me and many other people could be getting ready to sue the company right now!!!! here is the item number and the games are just beginning!!!! here is the item that i still have listed
221752794227 on ebay!!! and i just sold a set!! if they are fake i might be suing pcgs and they will have to make it right with many other people im sure!!
Maybe so, but in our present day society, what percentage of Americans really have "money" to throw into such ventures ? You have about half the country on some type of government benefit, about 50 million living
on food stamps, an almost non-existent middle class (which I might add probably comprised the heart of the original coin hobby). Now, true, if I took 50K or 100K a year ago and put half into stocks, and half into rare
coins, today I'd be much further ahead with the stocks, for sure! But, that's me, and I know that MAYBE the top 10-15% can afford to "invest"
like this. Question then may be: Is the coin hobby increasingly becoming
really just an "investment" tool for the wealthy ? It certainly wasn't that
way 50 years ago! (although the wealthy still participated, of course).
substitute "stocks" for coins and "brokers" for auctions in your diatribe and you will see why those with money will always invest in coins or art or cars to diversify their investments
As I've "gone around" with DBT more than once recently
: I don't think that the younger
generation (those since the "baby-boomer" era) will even show REMOTELY the same interest in the coin hobby as the boomers have! MAYBE to a small extent they will with sports cards, but the problem herein lies with the tremendous suggested "values" the older generation demands for most coins. Example, to even think of getting your hands on an 1893-S Morgan dollar, arguably the rarest, in just basic uncirculated condition, be prepared to part with at least $20K (or more). Or, an 1877 Indian cent in grade 65 red-brown, another close to 20K (and that's not even full red!!). Then, once you have these, say you wish to sell them. Where do you go ? Not ghostbusters, and unless you can luckily locate some other sucker willing to pay what you did (or maybe a little more), you'll either be fleeced by any
number of dealers who will want to #$%$ it from you for about half of it's going "value" (so
they can double their money on the deal), or, you'll end up getting steered to those infamous
"auctions", where your investment will be placed on a "firesale" (as one very seasoned
dealer recently called them), and you'll be fortunate to get back MAYBE 60% of your
original investment. Now, if your one of those FEW LUCKY ones who were fortunate
enough to catch the good graces of the "umpire" grading co's, you'll receive an "upgrade",
and only then you might come out a little ahead on whole deal! My point is, the newer
generation collectors can (or have) caught on to this system, and, after being "burned"
a few times, that's the last you'll ever see of them. Then, further down go the "coin
submissions", and, eventually the coin 'business" (or hobby if you prefer) diminishes,
and that's the end of that! At this rate, I give it 10-15 years (as you know it now) before
it really falls apart!!
dbtunr doesn't care about that. He wants you to dump, so he can pick this up cheaper. Look how he goes from pumper to basher. Real stand up guy. BTW he took it very hard on RVM. His ego is bruised. Be very careful of this guy. He only lost investor 55% on RVM this time around.
Have to know all the details in regard to how much more per coin they're getting by raising prices and if they have the same number of employees. I think in the long run it's a bad move to be raising prices because dealers might start selling out if their profit margins are cut too much. With cards; it's at the point where many dealers no longer bother getting graded but take good pictures and are trusted with their grading. I continue to hold and it's mostly for the dividends and in hopes of a slow rise back to $25. But have to watch how this goes if they keep raising prices and driving dealers and collectors away. DBTunr; I do notice that you only ever talk about coins, but you do have to look at more than just coins. Cards might be around 25 to 30% of their business so if cards see an uptick, than that has to be figured in as well. What surprises me about cards and is encouraging is that many dealers sell mostly newer cards from the past 10 years including lots from the past 2 years. So there might be a decent uptick in new card collectors and young collectors
Final March numbers are in and they finished about 70K-80K coins below last year and maybe 10K-15K cards above last year. Flat revenue, maybe. Hard to gauge if some big, high value collections came in (Pogue)
Declining volumes and flat revenue do not excite me. Backlogs are "low" as well.
That's because you chose "snail's pace" grading. For $60ea coin rather than $30, they'll cut that wait in half!!! All about $$$, of course.
for the first time I have been following this company there is virtually no backlog. All the reported dates are at there target dates or +1 day for world. This is the busiest part of the year and there is no backlog. Unprecedented.
There are reports on the message boards of people getting economy submissions back in 2 days. Economy...in 2 days.