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<p>[QUOTE="TIF, post: 2783055, member: 56859"]I have no problem with a 100% markup -- that's common practice. The baffling thing is that a collector could have acquired the coin for a much lower price at auction-- <i>yesterday</i>.</p><p><br /></p><p>Also, somewhat arguing against myself ( <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie10" alt=":oops:" unselectable="on" unselectable="on" />), CNG's estimates are often low, and usually I feel pretty good about any CNG coin I can acquire for less than double the estimate. That's a generalization, of course-- I do check comps.</p><p><br /></p><p>...</p><p><br /></p><p>It is possible that the two "sold" coins were acquired by the dealer on behalf of a client, merely shown in the Vcoins store to bolster the appearance of sales at those prices.</p><p>...</p><p><br /></p><p>[USER=76086]@Ken Dorney[/USER], thanks for your input.</p><p><br /></p><p>I do want to make clear that I am not against anyone making a profit where they can. My puzzlement in this case is more over the fact that collectors are willing to pay such a premium for convenience! Although-- we have no way of knowing what the selling price (by Palmyra) was.[/QUOTE]</p><p><br /></p>
[QUOTE="TIF, post: 2783055, member: 56859"]I have no problem with a 100% markup -- that's common practice. The baffling thing is that a collector could have acquired the coin for a much lower price at auction-- [I]yesterday[/I]. Also, somewhat arguing against myself ( :oops:), CNG's estimates are often low, and usually I feel pretty good about any CNG coin I can acquire for less than double the estimate. That's a generalization, of course-- I do check comps. ... It is possible that the two "sold" coins were acquired by the dealer on behalf of a client, merely shown in the Vcoins store to bolster the appearance of sales at those prices. ... [USER=76086]@Ken Dorney[/USER], thanks for your input. I do want to make clear that I am not against anyone making a profit where they can. My puzzlement in this case is more over the fact that collectors are willing to pay such a premium for convenience! Although-- we have no way of knowing what the selling price (by Palmyra) was.[/QUOTE]
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Coin market in the last decade - how has it changed?
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