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<p>[QUOTE=&quot;Volodya, post: 5531795, member: 19615&quot;]I would call it a calculated risk on CNG&#039;s part. If they frequently miscalculate they&#039;ll be in trouble; fatal trouble, if they do it often enough.</p><p><br /></p><p>I&#039;ll relate my own experience. As some of you know, I collect the best possible Roman Republican denarii and fractions. Absolutely no sector of the ancient coin marketplace is hotter these days than that for truly choice RR silver. While clearly I&#039;m not broke or I couldn&#039;t collect at all, neither am I independently wealthy. I have financial resources gathered in a lifetime in the workplace. These days I&#039;m able to win upwards of 75% of the few lots I seriously target, although granted I often have to bid a record price to do it. That doesn&#039;t &quot;scare&quot; me. I&#039;m not angst-ridden about possibly &quot;overpaying.&quot; No dealer is likely to outbid me for stock on coins I seriously want.</p><p><br /></p><p>A year ago in New York I bought a coin from NAC that I recognized had been in Alba Longa I a year and a few months earlier. I admired it then, but that was a once-in-a-decade sale with a lot of targets and this coin didn&#039;t make my final list. I was happy to get another shot at it and had no qualms about giving the Russos a profit; nor do I have any regrets since.</p><p><br /></p><p>Phil Davis[/QUOTE]</p><p><br /></p>

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