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<p>[QUOTE=&quot;Lucky Cuss, post: 1728564, member: 44086&quot;]<b>Update: The New Normal?</b></p><p><br /></p><p><font size="2"> With silver prices still in the doldrums (at least relative to last year), I&#039;ve been going around to the coin shops in my region, and while a few dealers seem to have taken the decline in stride and are engaged in business as usual, I&#039;m noticing some unfortunate trends with many others.</font></p><p><font size="2"><br /></font></p><p><font size="2">I originally wrote here two months ago about one establishment who, when silver took that sudden dip, simply immediately pulled all their silver bullion out of the display cases. I checked today, and they <u>still</u> aren&#039;t offering any for sale (although they are buying). Others dealers have confided that they are holding back a good amount of their stock until pricing recovers. A viable stategy, I suppose, so long as you can maintain your cash flow through the sale of other goods and the price of silver doesn&#039;t go down even further.</font></p><p><font size="2"><br /></font></p><p><font size="2">There are other more subtle changes I&#039;m seeing. Common circulated Morgans (even 1921&#039;s) are now many places being priced $10-12 above their current melt. Uncirculated pieces have jumped up correspondingly. Premiums are also higher (and nonnegotiable) on everything else made of silver.</font></p><p><font size="2"><br /></font></p><p><font size="2">A more disturbing thing I&#039;ve seen recently is an across the board upshoot in overgrading, especially of Morgans. A lot more sliders being labeled as UNC&#039;s, and a lot of whizzed coins being represented as &quot;AU&quot; that I&#039;d judge would come back as &quot;XF45 Details&quot; if submitted to a reputable TPG. This seems to me to be very shortsighted, and I can&#039;t see how they expect to maintain these fictions for very long, and certainly the savvy customer isn&#039;t likely to be fooled (at least not more than once or twice) nor continue to patronize anyone engaged in such practices.</font></p><p><font size="2"><br /></font></p><p><font size="2">To sum up, it appears that during the boom times some dealers were grasshoppers instead of ants, and now are resorting to dubious measures to maintain a level of profitability. From my standpoint, it&#039;s revealing as to who I&#039;ll be most likely to trust and buy from going forward.</font></p><p><font size="2">　</font></p><p><font size="2"></font>[/QUOTE]</p><p><br /></p>

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