During the summer people tend to take vacations and spend money on more family related activities rather than investing in gold coins and spending money on other collectibles. As a result, the United States Mint has experienced a summer slow down and has seen somewhat of a drop in their sales of coin sets, proof sets and other collectible coins.
Just because sales are down however doesn't mean that this is a bad time to buy. In fact, if you are into investing in gold bullion, gold coins and other investment quality coins, now is probably a better time to buy that any you might see in some time. Why? With decreased sales, prices are also somewhat down and that of course is good news for you.
With less people looking for coins on a site such as eBay, that means fewer bidding wars and fewer serious buyers, thus making for potential bargains for you. The best thing to do when shopping for gold coins on eBay is to look for auction that end on slower days in the first place such as Thurday and Saturdays and look for odd ending times on those auctions as well. If you find an auction for a gold coin you'd like and it's ending at 2 am on a Thursday morning, chances are there won't be many people, if any, staying up to watch the auction end.
Place a bid on an auction like that that's the maximum you are willing to pay and there's a good chance you will end up scoring a great deal because you just bid on an auction ending at an odd time and there are less people overall during the summer collecting valuable coins. And if you are one of those serious type collectors, you'll go to extremes to get the best bargains. And of course, the best bargains translate to the best investments in most cases.
Keep your nose to the grindstone in hunting out those gold coin and collectible bargains because they are always out there.
Friday, July 10, 2009
Subscribe to:
Posts (Atom)