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<p>[QUOTE="dougsmit, post: 4287830, member: 19463"]I have a brother-in-law who cashed in all his stocks a couple weeks ago saying he wished he had done it sooner. I did not. Who was right remains to be seen. He does not buy coins but I suspect that there were some people with cash like this responsible for some of the coinflation CNG reported. I do not see how this can last long unless the big sellers are just ignoring the direction of authorities. Is this a good time to send all of your coins on consignment to be sold later this year? I doubt many people will be doing this today. What is the time elapsed between sending coins to a big auction and receiving the payout so you can invest it otherwise? This is not day-trading. If people stop consigning good coins, I suspect we will see more of the hoards (EL hekate, owls, etc.) so there should be no problem buying large lots of $500 coins but how deep is the backstock of coins that are rising so rapidly now? </p><p><br /></p><p>I don't buy and sell coins for investment. When I sell coins it is because I had two or no longer wanted so many of that category. There is only one of you that got a coin I wanted to keep but that was a trade for something I wanted more. I decided to continue buying coins I want long term for prices I am willing to pay. That may mean I will buy the fewest coins this year of any year in the last several decades. I might even get around to reading some of those coin books I was hoping to sell. There are other ways to participate in the hobby than buying high and selling low.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 4287830, member: 19463"]I have a brother-in-law who cashed in all his stocks a couple weeks ago saying he wished he had done it sooner. I did not. Who was right remains to be seen. He does not buy coins but I suspect that there were some people with cash like this responsible for some of the coinflation CNG reported. I do not see how this can last long unless the big sellers are just ignoring the direction of authorities. Is this a good time to send all of your coins on consignment to be sold later this year? I doubt many people will be doing this today. What is the time elapsed between sending coins to a big auction and receiving the payout so you can invest it otherwise? This is not day-trading. If people stop consigning good coins, I suspect we will see more of the hoards (EL hekate, owls, etc.) so there should be no problem buying large lots of $500 coins but how deep is the backstock of coins that are rising so rapidly now? I don't buy and sell coins for investment. When I sell coins it is because I had two or no longer wanted so many of that category. There is only one of you that got a coin I wanted to keep but that was a trade for something I wanted more. I decided to continue buying coins I want long term for prices I am willing to pay. That may mean I will buy the fewest coins this year of any year in the last several decades. I might even get around to reading some of those coin books I was hoping to sell. There are other ways to participate in the hobby than buying high and selling low.[/QUOTE]
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