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<p>[QUOTE=&quot;IdesOfMarch01, post: 1950947, member: 39084&quot;]In principle I certainly agree with this statement.&nbsp; Supply and demand are the fundamental forces in determining prices, and if a dealer feels that the supply is low and/or the demand is high, he can set his asking prices accordingly.</p><p><br /></p><p>However, there is an implied guarantee of expertise and judgment when a (usually) less knowledgeable collector is considering the purchase of a coin from an ancient coin dealer.&nbsp; What bothers me about this particular Tiberius aureus is that the dealer seems to be exploiting a possible lack of knowledge on the part of the audience of potential buyers.&nbsp; Of course, I could be wrong -- this coin may actually have been grossly undervalued at the NAC auction and the dealer could be asking a realistic price for it, but my research (thanks to the Internet) tends to tell a different story.</p><p><br /></p><p>Here&#039;s another example that I think may be an undervalued coin that was purchased by a reputable dealer for resale:</p><p><br /></p><p>[ATTACH=full]341960[/ATTACH] </p><p><br /></p><p><i><b>Nero. </b>AD 54-68. AV Aureus (19mm, 7.34 g, 7h). Rome mint. Struck circa AD 66-67. IMP NERO CAESAR AVGVSTVS, laureate head right / Salus seated left on ornate throne, holding pater in right hand; SALVS below. RIC I 66; Calicó 445; BMCRE 94-5; BN 236. EF, lovely Boscoreale toning.</i></p><p><br /></p><p>This coin sold at the Heritage auction in April 2014 for around $11,000 including buyer&#039;s premium.&nbsp; To my eye, it&#039;s a very appealing coin and despite the minor obverse and reverse wear, I would agree that its condition is EF (maybe &#039;about EF&#039; on the reverse).&nbsp; A very well known dealership has it listed for sale in its Coin Shop for $17,500 (about a 60% markup).</p><p><br /></p><p>Is this a fair price and markup for this coin?&nbsp; Well, assuming there is a bit of negotiating room, then I would think that the dealership found an overlooked bargain and used its expertise to add a high-quality coin to its Coin Shop at a competitive price.&nbsp; </p><p><br /></p><p>Other opinions?[/QUOTE]</p><p><br /></p>

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