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#1
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Recent Inflation due to drop in Dollar vs Euro
Has anyone noticed the rather stout increase in prices being asked at
eBay by euro based dealers, followed of course by US dealers .... after the drop in the US dollar vs Euro .... and ... inflation in European catalog values published (or alleged) recently. It has resulted a a huge increase in start prices being asked at eBay in many cases, a drastic drop in bidding (in the catagories I collect), and some bidders are holding tight doing nothing while a few are paying outrageous prices for common material? Is this a new permanent fixture in stamp collecting? Harold |
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#2
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Recent Inflation due to drop in Dollar vs Euro
Hi,
Very interesting question The stamp market is mysterious sometimes, and I believe that only the dealers and the "heavy" or area-specialized buyers have a good grasp of what's really going on in the market today. Here is my 2 cents, applicable for my own area, unfortunately, I can't speak for everything... : -Generally speaking, US sellers are much more reasonnable than European sellers in term of starting prices. There are few exceptions of course... -Some Parisian Auction houses are starting to use Dallays' catalogue quotes (french colonies specialized cat), as starting prices. Dallay's quotes are sometimes much higher than the good old Yvert, and as per them, is a better representation of the market....still too high...???? -Demography...Baby boomers are starting to come back to their collections, sometimes after many years of interuption caused by carreers, family, other activities, etc.. I believe this come back will be extremely strong in the next few years and will dictate the market, because those people are numerous, and generally fluent, is it the right world? (they have a budget for their passion, and "money is no object" in some cases). Caveat...After the baby boomers will be gone, then the stamp maket will enter in a major crisis, because the big majority of youngsters have other interests (ie: computers, electronics, etc...) that they will keep for most of their life. Stamps will really occuppy a very small portion of their time, if any.... Honestly, I think that the currency fluctuations have only a marginal impact on prices. What really dictates prices is the demand, you, me, the fellows paying too much because they really wanted this item now...or the reasonnable guys, holding their bids and watching what's going on... This is one opinion, It will be very interesting to hear from specialists, sellers, dealers, especially the large ones, because thanks to their volume, they have a good view of what's going on in the general stamp market. Patrick Montreal, Qc. |
#3
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Recent Inflation due to drop in Dollar vs Euro
The US Dollar has dropped in relation to other currencies recently.
This is not unique to the Euro. The Canadian $ has risen to 91c US and some say it may reach parity. Thus we will have less US tourists in Canada due to "higher" prices. Of course, if I am buying US$ priced items from ebay, my costs are getting lower, as I am paying in Canadian $, Blair |
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