Prices/Value Discussion.

[ANZAC]

Just a few points.
In my opinion the auction in New York cannot be taken as an indicator of the health of the medal market as a whole because so many of the lots were well over priced. Do you agree ?
The weakness of the British pound put me off and I am sure many other collectors from bidding for anything at New York and other auctions in the USA. It is highly unlikely that I will be bidding for anything in the EU or the the USA unless the pound gains strength.
Lets be honest when was the last time there was a bargain on Ebay ?
I haven't seen anything for months and certainly not bought anything because on the rare occasion I see anything the lots always go well above what I think they are worth. It's been like that for well over a year.
Finally, I based my conclusion on what I saw at Nottingham. There were over 400 lots and all went top or above estimate despite the weather that must have put deterred people from attending.
I honestly believe that anyone who has invested in stamps,coins and medals will be well placed or should I say better placed to weather the storm (recession).

Cheers
Keith

Sorry Keith I have to disagree I watched and listed to the entire New York Auction, some prices were inflated but the majority were sold under the estimate, which by my reckoning wasn't to bad this year. Groups were sold well under what they would have brought 12 months or even up to 6 months ago. When a type 1 BM sells for $120 at the auction and you have to buy one for between $250-$300 anywhere else, to me that's a good deal.

Take a look now on ebay, OG III's going for between $90-$110.00, 6 months ago I couldn't get one under $120. BMs going for $20-$30, few months ago they were between $40-$80. High end orders are not so prevelant due to people not selling as they get little profit. Now is the time to buy if you have the money and a niche collecting area. If I had the dollars at the moment I'd be adding every Glory I assessed as good on ebay, to my collection.

The next area to watch is the numbered awards. Now Alexei and maybe others have opened up the market on researching numbered awards, watch how they increase in price. If research can be turned around in a week for a $40 BM why wouldn't you buy it, research it and maybe make a profit to pay a few bills if so inclined?

Brendan