2nd coin, Hydra, from Mint Of Poland’s THE TWELVE LABOURS OF HERCULES

barsenault said:
Amen brothers of this mighty forum of 5...lol...let’s move on to the great things happening in the world of precious metals.

My last word on the MoP is simply, no more for me. I’m all for making a profit and at the end of the day, it really is the buyer’s responsibility to determine if they feel a certain collectible is worth 2,3,4 or more times the value of the initial price. Ultimately the market will dictate true price discovery...even with hoards being held onto. It’s the buyers responsibility to do their homework. If they come to this site and see that the intro price for let’s say a god of Ares was $220.00, and is now going for 2+k...and if they then decide to move forward despite the price being that high, it’s on them, not the dealer. If they don’t do their homework, it’s on them, not the dealer. It’s our job to provide insight into what the initial cost was and let the buyer decide for themselves (what Trinket and I were attempting to do). The dealer is only increasing prices because they feel there are buyers who will pay up. Kudos to them....that’s why they started their business in the first place - to make money. But, I’m still convinced the ‘little guy’ who MAY think the Ares coin at 2k is a good investment, will get ramshackled in due time....and I know for a FACT that the designers of the Gods series think the Gods is in the tulip phase of the bubble!! But, if the buyers don’t care, and they love the look of it, no matter the cost, all the power to them...

I don’t like the games folks play at controlling in inventory to increase price...and you may not either...and the only way to help bring about change is, don’t buy - simple. Vote with your wallet.
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Thanks for the succinct and accurate synopsis of our discussion.

...Now let's see what else is out there.
 
cracka stacka said:
Did you guys write a letter to the mint of Poland and let them know how you feel? Maybe they will do something about it.
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The respectful dialogue is appreciated, so thank you for that.

Personally, I've never done anything like that, so I'll let others speak to their own experience. We talked about MoP being aware and obviously complicit (to some degree) to the situation as they would know what is going on. Also, most mints like dealers monitor forums like these (especially popular ones) to see what people talk about: to gauge interest, see what's popular or not, etc. The bottom line is they are riding a wave, and are riding the wave to its ultimate conclusion, which is going to hurt everyone - we made the comment before that this does not just hurt the mints/dealers, but also hurts the collectors and collecting in general.

This isn't the first mint to do this, nor the first collectible market for it to happen to, and it always plays out the same.

As a side note for those who didn't see this article before.
 
the sheer volume of the Athena-Minerva for sale is mind boggling. And the sheer volume that have been sold is just as astounding...and it just continues. I never saw this volume of sale for the gods/four horsemen, and I HIGHLY doubt that most of the 500 minted are in strong hands!!! :D I'd say in they're in the hands of the hoarders...is my speculation...which is why the price is driven so high on those pieces...my bet is that #2 in this Hercules series falls...

https://www.ebay.com/sch/i.html?_fr...n.TRS0&_nkw=2019+niue+athena+minerva&_sacat=0
 
Also, someone was tracking the sales of Hydra at The Coin Shoppe. It was posted on the RFD site. This price change happened within a few short minutes and maybe 10 pieces (?) changed hands

I was watching the TCS price for Hydra (in USD):
$296.79 (start)
$322.76
$333.89
$345.02
$356.15
$367.28
$378.38
$416.9 (last)
 
barsenault said:
Also, someone was tracking the sales of Hydra at The Coin Shoppe. It was posted on the RFD site. This price change happened within a few short minutes and maybe 10 pieces (?) changed hands

I was watching the TCS price for Hydra (in USD):
$296.79 (start)
$322.76
$333.89
$345.02
$356.15
$367.28
$378.38
$416.9 (last)
Click to expand...
the price is kind of Herculean considering Hydra was cut up by him
 
Can’t ignore, have to let newbies know what is going on so they know what is happening before they dive in thinking they’re getting a deal of a life-time. Lol.
 
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