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<p>[QUOTE=&quot;900fine, post: 739837, member: 6036&quot;]I&#039;m sure there&#039;s a lot of truth to that.</p><p>&nbsp;</p><p>And yes, some auctions have brought good money - Dan Holmes Early Dates stands out - but these days auctions are a good place to look for good material at good (i.e. lower) prices.</p><p>&nbsp;</p><p>Someone please comment on this... I think there is somewhat less really good material in major auctions these days. Not a huge change, but unmistakable.</p><p>&nbsp;</p><p>If that&#039;s so, tell me what you think about this - the best material tends to be held by more astute collectors. They tend to have more knowledge, experience, contacts, and inside information. When the market drops, and auctions are bringing lower prices, they withhold <i>some</i> of their better material.</p><p>&nbsp;</p><p>What&#039;s more, they tend to be wealthy and are less affected by recession. The best coins were luxuries all along, and there&#039;s no pressing reason to sell them into a down market.</p><p>&nbsp;</p><p>If true, that has a buffering or stabilizing effect on prices, since less material is available. With stocks, people tend to have a &quot;herd instinct&quot;; they panic and dump their shares. With coins, not so much.</p><p>&nbsp;</p><p>With stocks, enormous amounts of wealth is invested by people who know nothing about stocks. With coins, the big money is smarter.</p><p>&nbsp;</p><p>Anyway, I&#039;m just rambling. Any thoughts ?[/QUOTE]</p><p><br /></p>

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