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<p>[QUOTE=&quot;AncientJoe, post: 4514204, member: 44357&quot;]Thanks Mike, and welcome to the forum! I can corroborate this as well: I had a handful of bids with this dealer (and another dealer, and a few clicking online by myself; there&#039;s strategy in spreading bids around).</p><p><br /></p><p>What everyone is seeing from a single bidder number is not indicative of it being a single end collector.</p><p><br /></p><p>That said, the collections being built by some of these collectors are vast and academic so, at times, it feels like they&#039;re siphoning up a large swath of meaningful coins which is challenging to compete against.</p><p><br /></p><p>Hopefully they do indeed avoid buying many duplicates (although I&#039;ve had discussions with these collectors and, for some series, even slight varieties in the die are worth acquiring in their eyes, which further balloons out the number of coins that will eventually end up in their collections).</p><p><br /></p><p>The coin industry runs on a constant stream of consignments and it&#039;s looking like most of these coins will not re-enter the market. I&#039;ve had conversations about them considering selling off duplicates but the effort is non-trivial and there are concerns about selling something that is even slightly different.</p><p><br /></p><p>It is interesting to see the ebb and flow of massive buyers. &quot;Happily&quot;, we haven&#039;t had a scenario in which there were more than 2-3 pervasive buyers starting off within a short window which has allowed enormous collections to be built with the newcomer joining late enough in the cycle to not be in contention for all of the key pieces. But, time will tell if new entrants into the market continue to broaden their collecting foci and if new players come from US/other sides of the broader coin hobby.[/QUOTE]</p><p><br /></p>

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