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<p>[QUOTE="Carausius, post: 4877485, member: 76440"]This is also my feeling on the subject. Know the values and you know what to bid. Ignore the estimates.</p><p><br /></p><p>As for the current market up-swing, I think it is the result of collectors being home and more free to participate in the auctions. Perhaps there is also excess cash from saved commuting costs, and the need for "retail therapy" from COVID boredom. I don't think it is the result of changed investment strategies, because typical, mid-level auction purchases are, frankly, pretty poor investments. Unless you are focusing on value buys, like a dealer would do, you need to hold mid-level coins for about 20 years on average to hope for a full recovery of an all-in (including buyers fee) auction price.[/QUOTE]</p><p><br /></p>
[QUOTE="Carausius, post: 4877485, member: 76440"]This is also my feeling on the subject. Know the values and you know what to bid. Ignore the estimates. As for the current market up-swing, I think it is the result of collectors being home and more free to participate in the auctions. Perhaps there is also excess cash from saved commuting costs, and the need for "retail therapy" from COVID boredom. I don't think it is the result of changed investment strategies, because typical, mid-level auction purchases are, frankly, pretty poor investments. Unless you are focusing on value buys, like a dealer would do, you need to hold mid-level coins for about 20 years on average to hope for a full recovery of an all-in (including buyers fee) auction price.[/QUOTE]
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