What's exploding higher are the absolutely perfect condition cards that are PSA 8 or better with the PSA 9's or extremely rare 10's really exploding. NM PSA 7's are moving up but not art the crazy jumps of the 8's or better. It's all about rarity and if a valuable card has only a handful of PSA 9's or 10's than that card can be as rare as a 200 year old coin. I think the card explosion and the great year for gold and silver should make CLCT a great buy. Adding now makes sense even though it's been rising
Not only are gold and silver soaring this year, but premium older baseball cards(pre-1975 and especially the pre-1970) have been soaring in value. PSA 7's or better in particular of the pre-1970 cards have been exploding higher the past 3 months. Although coins are the bigger part of the business I have a strong hunch that a big bump in cards sent in will reflect in the next earnings report. I suspect many dealers are probably sending in more and more cards for grading and many collectors as well. Some collectors will now consider sending in their duplicates to get graded instead of just selling ungraded. I would guess CLCT is a strong buy now and closes the year in the $25 range
I was thinking in investing in some food and/or beverage stocks and was looking at this one. Can people here tell me where these beverages are sold because I don't recognize any of these brands except for Shasta. I thought the idea of healthy beverages(if these really are healthier) is a good long term idea because more and more people seem to be thinking about their health including many younger people. Thanks
dbtunr: what's your guess as to when to buy CLCT? I guess part of the decision would be how you see the overall markets doing. I'm worried this could be more than just a 10% correction so maybe I should hold off on CLCT unless CLCT will begin to outperform the overall markets. So I guess I have 2 questions for dbtunr or anyone else. Is this a good time to by CLCT or will it go lower and do people here think that CLCT will begin to outperform the overall markets?
thanks for the info dbtunr. It sounds like the coin certs are the main problem. I'm not surprised cards are picking up because there's a market that's developed for newer cards from the past 10 years, which really surprises me. I'm your typical old time card collector who has zero interest in any cards after 1975, but there appears to be a new wave of collectors who like the newer cards, which bodes very well for the future of card collecting. I'll have to buy back soon; especially if the insider selling has slowed
I sold out a while back and was surprised how low CLCT has gotten. I was thinking of buying back and was curious what dbtunr and others think? Also, why has CLCT dropped so much? Is it the insider trading in combo with going with the market? It's down about 25% since I sold, so I'm guessing the dividend is a much higher yield.
dbtunr; do you think gold and silver prices have been manipulated lower by the central banks and the huge investment banks, by maybe keeping the paper price of gld and slv low; or do you think gold and silver have simply fallen out of favor and the stronger dollar and the threat of rising rates is why they haven't moved the past 3 years. Part of my owning CLCT is the belief that gold and silver will spike higher this year or next and the demand for gold and silver coins will explode higher. Curious what your take is on the price of silver and gold being down and flat for 3 years now.
CLCT got crushed with the market, but this surprised me because I thought CLCT would do okay on these types of days and not drop that much. About the only thing up today was gold.
Huge market day but CLCT is down which is surprising. I just hold and get the dividends reinvested at the 6.50% rate. Despite not moving today, I think this is a good level for people to add some shares
It's hard to predict the future of any investment, but your point that the middle class is getting wiped out would mean that ALL forms of investing are doomed. To some extent maybe you're right, but people with money saved will always look to invest it, so all forms of investment will continue to be considered. What people choose to invest in is very hard to predict which is why diversification is the best advice. Part of diversifying is to putting some money outside of the stock market, which includes coins, cards, collectibles and other forms
Oddly 4 other Wal-Marts closed 2 days ago and also cited plumbing problems. Very odd the way they closed right away and gave the employees no time to prepare. Surprised more aren't discussing this here
So 2 people gave their opinion to avoid Etsy and maybe their right for the reasons they gave. But maybe not since it appears many former ebay buyers and sellers have left ebay for etsy. Many sellers have completely quit ebay all together and many others have greatly downsized their ebay listings and put them on etsy. With ebay reducing the number of free listings each month that have no listing fees from 100/month down to just 20/month; this seems to play into the hands of their competitors and only will drive away even more buyers and sellers. Many sellers are also big buyers and with less items getting listed because of Ebay's foolish decision to greatly drop the number of listings without listing fees; buyers will see many less items and will find more on etsy. I'm not saying to buy Etsy, at this point I'm not sure; but I'm pointing out the negative posts might be wrong and Etsy might work if buying after it drops 10% after initial shareholders cash in some shares
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
Maybe the Chinese currency starts small but is good for the long term. The big drop in gold and silver the past month might hurt a bit, although January was a great month for the metals and your numbers would have included January so that's probably a wash. It could be what you said in that most investors have no clue of the numbers until they get reported. Your numbers are accurate and you post here before the company announces numbers. If I was a day trader I'd probably sell some shares and buy back 10% lower but I'll hold
Thanks for the updates on the numbers. The stock continues to do well despite the insider selling and the lower coin numbers. Did they lay people off or come up with a faster and more efficient way of grading to lower the payroll time spent in grading? Or are there other collectibles being added besides coins and coins that have helped? Comic books, autographs, memoribilia, etc
That's close to 60,000 shares that David Hall has sold this month, yet the stock is holding up. I'm still holding all shares but this is a concern and I'm thinking with another pop higher I might take some profits.
Thanks for posting the numbers. I thought of selling after you posted this last week, but have held from the $14 level and the added buy a month ago at $20 and decided to keep holding based mainly on the dividend, which increased. In a sideways or down Dow and Nasdaq that I see this year, I think it makes sense to hold for the dividend and the possible small bump higher in share price this year. I'm surprised the Asian markets are not seeing a bigger pop higher, but expect that they will this year. I don't think raising prices is smart, as it discourages a lot of people from getting cards graded and I assume coins also.
I admit I'm like you and in the back of my mind I do worry the same thoughts, but for me it's cards and not coins. But if worried why you can always sell your dupes and diversify and not be too heavy in any 1 collectible.
Coins actually have a big advantage over baseball cards, comic books and other "mostly American" collectibles for long term value. They have worldwide appeal as do vinyl records and stamps. For my view, I could care less what some experts say because experts are wrong all the time. Baseball card experts said the industry was finished in the early 1990's and it's still going very strong. And when experts site silly examples like, "my kids aren't interested", that means nothing at all. My son is 12 and loves coins but has no interest at all in baseball cards; even though I'm just the opposite. And my dad loved stamps which always put me to sleep.
Also remember that the internet is a major game changer and it's very possible that many of the younger collectors buy on the internet and see no reason to go to shows and pay more when the internet comes with better deals(for the most part). Anyway, if you look at the top dealers of baseball cards and coins on Ebay, you'll see their feedback numbers have remained huge for years, so it can't all be just the 50+ age group. With baseball cards, the top ebay dealers get more feedbacks now than they got 10 years ago, so to me it appears the number of collectors are growing for cards.
I guess my point is that it is almost impossible to predict where any collectible goes. Here's a great example of the unpredictability of collecting. Who would have thought vinyl records would be more popular today than 15 years ago and that teenagers and kids in their 20's would be buying turntables at Best Buy and going to ebay to buy Led Zep? 10 years ago Best BUy had 1 turntable model and now they got more than 10 to choose from!
If you go to any events for collectibles; be it cards, coins, vinyl records/music, comic books, stamps; you always have the bulk of people at least 40 and older or 50 and older. This doesn't mean all these collectibles die out. Card collectors have been calling for cards to die out for 25 years and is hasn't happened.
I guess the concern is that those under 35 have a tougher cost of living to deal with due to college rising 500% or more the past 30 years and other costs. But if cards, stamps, coins, music shows all die out then it means the stock market and everything else also tanks because no one has any money left. But that's not going to happen. Plenty of Americans are doing just fine. Just live and enjoy your hobby because plenty of young people in America are also doing just fine, despite the doom and gloom that so many talk about!