Coinarchives a paysite!

As I was paging through this thread, I was wondering about whether the auction houses, who "own" the auction results, were a factor in this.

Now I know. The $600 per year might not come down after all.

It would be an interesting side discussion to wonder whether a more common knowledge of past auction results would be more advantageous to the seller or buyer in future auctions. My guess: advantage to seller in an up market ("look how high this has gone, I'd better get in now") and advantage to buyer in a down market ("look how much this has dropped, I'll lowball a bid or just wait"). And the current market trends are... ?

 

Log in or Sign up to hide this ad.

Correction to my post above...there are more than ancients...I did a bunch of searches and they catalog more modern coins as well.

As for CA...it is my belief this was in the cards the whole time. So many people talk about the 40+ hours he worked on the site...I believe the intention was always to make this a pay site. Now he just need about 200 subscribers to break 6 figures.

Also, I believe in any market a less informed buyer is gong to be the loser...This hides valuable info from buyers...normal collectors who would balk at such a price tag. I only have a handful of coins that are worth more than that fee...I could buy a lot of coins for 600 USD and use alternative sources for my information...and luckily we have choices

 

Many dealers hated this site as it was too easy for customers to find out what they paid. These dealers contact the auction houses and put pressure on them to fix this problem. The $600 fee is an easy way to keep out the collectors and only allow the serious dealers. Too bad as it was a great research tool even without the prices realized.

This change was a long time coming. I was told about it at the beginning of this year, but no plans had been finalized then. I was told the fees were going to be steep, but $600 a year is outrageous. They need to come up with a way to provide research information without prices realized.

 

"Many dealers hated this site as it was too easy for customers to find out what they paid. "
I've only been collecting for a few years but I'm a serious researcher before buying (ok sometimes I'm not ), but dealers get so defensive when you point out coins they're offering and quote where they bought it and for how much, etc..