Coin Slot Magazine - #038 - 1978 - March [International Arcade Museum]
EDITORS STATEMENT
Having attended both the Culver City Auction in California and
Arrington's Auction in the past month and a half, I have noted an
interesting phenomena. As everyone knows, prices on antique slots
have been skyrocketing upwards and out of sight in the past three
years. Collectors all over the country have been wondering when it
would end.
Well, finally
time being.
would seem
rights. They
prices seem to have leveled out and stabilized for the
At least the results of the two aforementioned auctions
to indicate this. The only exception here are the up
continue to be a speculator's dream.
What's causing the stabilization of slot prices in the market place,
you may be asking yourself? Well, that's a tough question to answer.
There is no one right answer to that question. Perhaps it is a combi
nation of many things. With the legalization of slots in California,
the market out there has been flooded with machines. Along with
this, many of the people dying to own their own slot machine in Cal
ifornia now possess at least one. Therefore we have an abundant
supply coupled with a decreasing demand. Yes, it's the old law of
supply and demand.
Collectors have a choice between many machines and numerous
sources where they can be purchased. That spells C—0—M—P—E—
T—I—T—I—O—N! Additionally, with prices ranging between $800-
2000 for most slot machines, people aren't as free with their check
books. It's a question of how much the average collector is willing
to pay.
What all this means to everyone concerned is two fold. First, specu
lator's are going to have to wait longer if they expect to make a
killing. Secondly, for those collectors who are thinking of purchasing
a slot machine, now might be a very good time indeed to buy one.
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unstable as it is, anything
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New York went lo legal,
think
what that would mean? The supply &
n a w could
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After all, there
:// is w only a fixed number of slot machines out there.
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There's an excellent selection out there and everybody's selling them.
That means lower prices! And with the collector's market being as
Most of them have already been unearthed from every nook and
cranny be very active buyers. So the legalization of open collecting
in a few more populous states could very easily turn the market
topsy turvy once again.
Happy Hunting!
© The International Arcade Museum
http://www.arcade-museum.com/
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