I think the so-called recession has only a little to do with prices softening. If you recall, multicolor for example was soft before the recession, prices were'nt being realized and the charlton even reflected that by keeping prices the same and dropping others. The only areas that increased were chartered, 1935, osbornes, devils, and select tougher prefixes. These are the same areas that remain strong during the recession. The only effect is a tightening of expendable income, so it's placed more selectively.
The comments in bold above are confirmed by the unusually low sales success rate at the recent Torex auction where only about 25% of the paper money lots actually sold. Buyers seem to be holding on to their money waiting for good deals while sellers, quite understandably, don't want to substantially reduce their prices from the halcyon days of last year.
« Last Edit: July 05, 2009, 05:23:33 am by Ottawa »
Logged
" Buy the very best notes that you can afford and keep them for at least 10 years. " (Richard D. Lockwood, private communication, 1978).
