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<p>[QUOTE=&quot;red_spork, post: 4798645, member: 74282&quot;]This is largely how the business has operated since the advent of numismatic auctions. I watch a large portion of the market, so it&#039;s not difficult to see when a coin I lost a bid on goes to a dealer and it doesn&#039;t really happen that often. Generally it&#039;s happened when I was bidding conservatively and trying to get a coin for cheap(in some cases because the type was a compromise coin/hole filler and I wanted to leave room for resale).</p><p><br /></p><p>Personally as a collector I also have to sell coins occasionally, either because I decided I didn&#039;t like a coin as much as I initially thought I would, or because I&#039;ve upgraded, or because I need to raise some money to pay for new auction winnings. Sometimes I&#039;ve resold a coin I really liked because ultimately, I really liked the 3x-4x price paid offer I got from a competing collector more than I liked the coin itself. I wouldn&#039;t bid in any auction that would hold it against me if I sold the coin a month later. Reselling is simply a part of how I, as a non-millionaire, build my collection.[/QUOTE]</p><p><br /></p>

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