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<p>[QUOTE="dougsmit, post: 1643597, member: 19463"]It is important not to look at asking prices when determining a market but at realized final sales. I do not buy high end coins and CNG seems to be doing well selling them. The moderate things I do buy are still being offered by some dealers at prices I won't pay but I have found enough other coins from other sources to consume my budget. That is all that matters. I think the question is whether a dealer who realizes that he is not going to get his dream price decides to sell for a fair price or hold on and see if things go up. You saw my recent Augustus/Agrippa Crocodile coins. I bought two for under $250 each and was rejected with a similar offer for a similar quality coin by a dealer who wanted over $400. That is fine, there are plenty of crocs in the pond. I will get the other type I want someday just not today. Buy what you want; pay what you want; patronize dealers you want to see succeed. You and the thousand other people like you make the market. I do expect to see some marginal dealers fall by the wayside. Not every coin bought will return a 100% profit mark up just because somebody sets up a shop on VCoins or eBay and dreams he is a dealer.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1643597, member: 19463"]It is important not to look at asking prices when determining a market but at realized final sales. I do not buy high end coins and CNG seems to be doing well selling them. The moderate things I do buy are still being offered by some dealers at prices I won't pay but I have found enough other coins from other sources to consume my budget. That is all that matters. I think the question is whether a dealer who realizes that he is not going to get his dream price decides to sell for a fair price or hold on and see if things go up. You saw my recent Augustus/Agrippa Crocodile coins. I bought two for under $250 each and was rejected with a similar offer for a similar quality coin by a dealer who wanted over $400. That is fine, there are plenty of crocs in the pond. I will get the other type I want someday just not today. Buy what you want; pay what you want; patronize dealers you want to see succeed. You and the thousand other people like you make the market. I do expect to see some marginal dealers fall by the wayside. Not every coin bought will return a 100% profit mark up just because somebody sets up a shop on VCoins or eBay and dreams he is a dealer.[/QUOTE]
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