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<p>[QUOTE="John Anthony, post: 2291632, member: 42773"]Dealers and hoarders buy lots, collectors of individual coins less so. The Spanish dealer that bought one of the Ihnasyah hoard lots, listed on the page Doug linked, got each coin for about $5 (including the buyer's fee). I bought a few at $15 apiece, so he tripled his investment with my purchases. Will he be able to do so with all 645 coins? Maybe, over the span of many years. Dealers think of large lots as something like mutual funds, that is, long term investments. What can you do, though, when CNG groups the coins in lots of 645? Pass or gamble.</p><p><br /></p><p>As far as hoarders go, you know the US collectors that have boxes and boxes of pennies in those plastic tubes? Large quantities of cheap coins just make some people feel good, that's all. This is the ancient version. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="John Anthony, post: 2291632, member: 42773"]Dealers and hoarders buy lots, collectors of individual coins less so. The Spanish dealer that bought one of the Ihnasyah hoard lots, listed on the page Doug linked, got each coin for about $5 (including the buyer's fee). I bought a few at $15 apiece, so he tripled his investment with my purchases. Will he be able to do so with all 645 coins? Maybe, over the span of many years. Dealers think of large lots as something like mutual funds, that is, long term investments. What can you do, though, when CNG groups the coins in lots of 645? Pass or gamble. As far as hoarders go, you know the US collectors that have boxes and boxes of pennies in those plastic tubes? Large quantities of cheap coins just make some people feel good, that's all. This is the ancient version. :)[/QUOTE]
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