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<p>[QUOTE="AncientJoe, post: 1950619, member: 44357"]It is an interesting type, much more so than the mundane "tribute penny" reverse, but definitely over-reaching from a price perspective. I'm happy to give dealers a reasonable profit and have paid 30% over a recent auction price before, but not much passes unnoticed at NAC.</p><p><br /></p><p>A similar coin is on the market now for $27,500 after having sold at Goldberg in June for $9500, and I've seen another coin recently sell for $65K when having sold two months earlier for $30K. Did they appreciate that much that quickly? Probably not.</p><p><br /></p><p>They're permitted to ask whatever they wish and to some people, $10K may as well just be $10.00, but it still bothers me to see this type of markup. There are certainly deals to be had and some coins do slip under the radar, but it often feels like dealers are taking advantage of uninformed collectors. While I can't do anything to stop uninformed collectors from buying at extortionist prices, I make a mental note of these dealers and voice my displeasure with my dollars by never buying from them myself.[/QUOTE]</p><p><br /></p>
[QUOTE="AncientJoe, post: 1950619, member: 44357"]It is an interesting type, much more so than the mundane "tribute penny" reverse, but definitely over-reaching from a price perspective. I'm happy to give dealers a reasonable profit and have paid 30% over a recent auction price before, but not much passes unnoticed at NAC. A similar coin is on the market now for $27,500 after having sold at Goldberg in June for $9500, and I've seen another coin recently sell for $65K when having sold two months earlier for $30K. Did they appreciate that much that quickly? Probably not. They're permitted to ask whatever they wish and to some people, $10K may as well just be $10.00, but it still bothers me to see this type of markup. There are certainly deals to be had and some coins do slip under the radar, but it often feels like dealers are taking advantage of uninformed collectors. While I can't do anything to stop uninformed collectors from buying at extortionist prices, I make a mental note of these dealers and voice my displeasure with my dollars by never buying from them myself.[/QUOTE]
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