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<p>[QUOTE=&quot;Lehigh96, post: 405416, member: 15309&quot;]Anaconda specialized in buying toned coins at auction for conservative prices and then selling them for huge markups on their website due to Brandon&#039;s photographic skills.&nbsp; Most of Anaconda&#039;s inventory came from the major auction houses (Heritage etc.) and although the prices they got at the FUN sale were no where near their advertised prices, they probably got their initial investment back.&nbsp; They were able to do this because the major auction houses are terrible when it comes to photographing toned coins and Brandon is about the best there is in the business.</p><p><br /></p><p>That doesn&#039;t mean they didn&#039;t lose money on any particular coin.&nbsp; There was an 1892 IHC NGC MS65 RD that they bought at the FEB Long Beach sale for $805 and listed on their site for $1,000 that sold for $575 at the FUN sale.&nbsp; However, I believe in this particular case the coin was actually RB instead of RD and everyone bidding must have been looking at the coin and not the holder.</p><p><br /></p><p>Honestly, I have no idea what criteria they used to decide which coins they would auction in the FUN sale.&nbsp; The sold almost all of their untoned inventory and some of their toned inventory including the bulk of their monster toned commems and maybe half of their Morgans.&nbsp; But that leaves many toned proof IHC&#039;s and a lot of Morgans they did not consign to the FUN sale.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie5" alt=":confused:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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