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The Gallery by Pacific Rarities |
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MARKET REPORT Special Report 1997 EDITOR'S NOTE: We realize that this article is 12 years old, however, it contains information that is relevant in today's market and outlines our founding philosophy that; "There is no substitute for rarity and quality" This newsletter outlines our strategy for successfully participating in the COLLECTIBLES market, where the factors supply and demand should never be taken for granted.
If your goal is to maximize the profit potential of your rare coin investments, while at the same time minimizing the risks normally associated with this market, you will find this letter extremely important. The statistical data presented herein, although startling, has been compiled exclusively from unbiased third-party sources. I believe a thorough understanding of the changes that have taken place in the market (particularly in regard to shifting patterns of demand and rarity) is essential if you want to successfully and profitably participate in the rare coin market of the nineties. Change can often be confusing and sometimes downright difficult to accept. However, if you want to make money, research the facts ... and take an appropriate course of action. Dennis Baker succinctly described the changing patterns of demand (which have resulted in a distinctly two-tiered market) in the January 24, 1997 issue of "the COIN DEALER newsletter". Here's what he had to say: "You have probably heard it mentioned before that the coin market is made up of two-tiers. The two tiers are generally divided by the issues that are active at current Bid levels versus the ones that are inactive and sometimes even difficult to sell if offered at discounts. When there is a glut in the marketplace of common coins, dealers may have a tough time selling these particular issues. In order to reduce inventory of unwanted coins, they have to offer them at discounts so that buyers are enticed to add them to their inventories. Thus, the market for common issues with a large supply hanging over the market is designated one tier and the low-population issues that are in heavy, demand (with very little supply available) would be a second tier. Because there are so many common coins in the market, the psychology is one of negative impact. This is so far from the truth that dealers and collectors lose sight of what the rare coin market is."
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