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<p>[QUOTE="Coinchemistry 2012, post: 1964745, member: 28107"]I agree with this, and this is the distinction that the others were missing. There was a clear cap per person, and the rule was obviously meant to apply to any entity (person, business, etc.) and its agents, to include employees. So the flippers arguably violated the rule, and did so to flip the coins at an exorbitant price. Collectors were cheated out of an opportunity to purchase the coins at a fair price, and those that did buy the coins from the flippers will be screwed when the market on these tanks. I think people should refuse to purchase the ANA pedigreed coins at all, and allow the price on them to fall. Hopefully more of the flippers will be affected than coin collectors.</p><p><br /></p><p>And to be clear, it isn't a case of sour grapes for me. I have no interest in the coins, even at the Mint's asking price of $1,240, which is still too much for a common bullion coin (minted to demand) with less than a $1,000 of precious metal in it.[/QUOTE]</p><p><br /></p>
[QUOTE="Coinchemistry 2012, post: 1964745, member: 28107"]I agree with this, and this is the distinction that the others were missing. There was a clear cap per person, and the rule was obviously meant to apply to any entity (person, business, etc.) and its agents, to include employees. So the flippers arguably violated the rule, and did so to flip the coins at an exorbitant price. Collectors were cheated out of an opportunity to purchase the coins at a fair price, and those that did buy the coins from the flippers will be screwed when the market on these tanks. I think people should refuse to purchase the ANA pedigreed coins at all, and allow the price on them to fall. Hopefully more of the flippers will be affected than coin collectors. And to be clear, it isn't a case of sour grapes for me. I have no interest in the coins, even at the Mint's asking price of $1,240, which is still too much for a common bullion coin (minted to demand) with less than a $1,000 of precious metal in it.[/QUOTE]
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