It’s that time of year once again. As the calendar turns to December, the market has historically gotten a bit quieter as collectors and dealers alike prepare for the holiday season. As we’ve learned during the current pandemic, this hasn’t necessarily been the case for this holiday season. As we’ve seen in recent DLRC auction events and with this weekend’s Super Sunday Sale, collectors certainly haven’t slowed down! We continue to see an influx of new bidders joining alongside more established collectors as the market continues to show strength.
As far as events in December, there is a mid-December PCGS Invitational Show that often serves as a Christmas shopping event around the city for attendees, but the trading pales in comparison to what is around the corner after the New Year with the FUN show in Orlando approaching. Other than that, it’s a quiet schedule and we will continue to process the shipments that have been arriving in the office as well as the new offerings that we acquired at the recent Baltimore show.
One topic that continues to be brought up right now is the activity on the higher end coins on the market. Yes, we’re seeing some CRAZY numbers being brought on some of these high-end rarities. Apparently there are a number of new collectors in that stratosphere that have been active in the crypto space. Like many others, they may be viewing our hobby as a new (to them) store of wealth with a nice hedge against inflation. We’ve been arguing for years that it’s inevitable that there will one day be new collectors coming in as coins seem to be a reasonable (if not conservative) value when compared to some of the other collectibles out there. If sneakers, special sports card printings, and video games can be bringing six and seven figures, how can a collectible that’s been popular for 200 years (and is rarer!) not be worth more? It’s really inevitable and it’s something that Mr. Hansen said to me early in our relationship. While it may certainly put a dent into some of our rarity buying for the Hansen Collection, it really bodes well for collectors who have been involved in the hobby for a long time. And we’re excited about that.
We’re excited to continue doing what we love and we hope to continue bettering our relationship with you, the collector, and serving you in the best way we can, whether it’s through a $100 coin or a $100,000 piece - this week you’ll find a few of each of those in our open auctions. We hope that you enjoy our offerings and if there’s anything we can do for you or if you have questions that we can answer, don’t hesitate to reach out to us!
Thanks again for reading and for our Jewish friends, we’d like to wish you a Happy Hannukah.
John Brush and Your Friends at DLRC
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