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<p>[QUOTE=&quot;TIF, post: 2783024, member: 56859&quot;]Related to the topic at hand and touching on issues raised in several recent threads, the internet has made researching sales and prices pretty easy.</p><p><br /></p><p>This really makes me wonder about dealers who buy coins at the same auctions collectors attend, and then immediately offering them for sale.&nbsp; Does it really work often enough to make it worthwhile?&nbsp; Do those sellers count on buyers who don&#039;t know or care that they can easily check for prior sales and prices?&nbsp; I can understand dealers scouting for relative bargains for quick flips, but in many instances the dealer acquisition price doesn&#039;t appear to leave much room for profit.</p><p><br /></p><p>Here&#039;s an example:&nbsp; bunches of coins from yesterday&#039;s CNG auction already listed for sale by Palmyra (Vcoins store).&nbsp; Below is a screen capture of the first handful of &quot;new listings&quot; (click to enlarge).&nbsp; These were all in <b>yesterday&#039;s </b>CNG auction.&nbsp; In red, &quot;E&quot; was CNG&#039;s estimate and &quot;H&quot; is the hammer.&nbsp; I&#039;d say the dealer is crazy but two of them already sold-- I hope not for the amount stated.&nbsp; <i>Surely</i> they expect and accept much lower offers?&nbsp; Are there really that many collectors who are so averse to participating in auctions that they willingly pay such a high premium to buy the coin from a dealer <i>the next day</i>?</p><p><br /></p><p>[ATTACH=full]644293[/ATTACH]</p><p><br /></p><p><br /></p><p>In fairness, I have not gone through each of these coins to see if yesterday&#039;s acquisition price was a an exceptionally good deal.&nbsp; At a glance though, I didn&#039;t find the hammer prices to be &quot;wholesale&quot;.</p><p><br /></p><p>It really bothers me that two of these have already sold, less than 24 hours after someone could have acquired them for half as much <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />.&nbsp; Maybe I&#039;m making incorrect assumptions about the game being played here.&nbsp; Hopefully one of CoinTalk&#039;s dealer members can weigh in on this.</p><p><br /></p><p>Also, in case you&#039;re thinking, &quot;yeah, but don&#039;t forget about the buyer&#039;s premium&quot;-- I&#039;m under the impression that dealers get a discount on that when buying from many auction houses.[/QUOTE]</p><p><br /></p>

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