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Coin market in the last decade - how has it changed?
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<p>[QUOTE="red_spork, post: 2783056, member: 74282"]Another dealer does something similar as well and I think all collectors should be aware of it. When auctioneers like ArtCoinsRoma and Artemide Aste have unsold lots, they generally put them up on their websites available for purchase at the opening price. London Ancient Coins will then list these from several different auction houses, in their Vcoins store. Their markup is usually 50-100% of what you can still get them from the auction house for for essentially being a middle man with zero actual investment. If you see a coin for sale by LAC, look around and figure out if you can get the exact same coin cheaper elsewhere first.</p><p><br /></p><p>FWIW, I discovered this because they listed a rare RR bronze that I needed and while the price wasn't great it was acceptable for me. I sent them an offer then later realized I could still buy the coin from the auction house. I quickly locked in the coin from the auctioneer then sent LAC a follow up email explaining I was no longer interested.</p><p><br /></p><p>Normally I'd consider an offer to be a binding agreement to purchase if the dealer accepts but I see rewarding this sort of behavior as worse than going back on an offer and think all collectors should be aware of it.[/QUOTE]</p><p><br /></p>
[QUOTE="red_spork, post: 2783056, member: 74282"]Another dealer does something similar as well and I think all collectors should be aware of it. When auctioneers like ArtCoinsRoma and Artemide Aste have unsold lots, they generally put them up on their websites available for purchase at the opening price. London Ancient Coins will then list these from several different auction houses, in their Vcoins store. Their markup is usually 50-100% of what you can still get them from the auction house for for essentially being a middle man with zero actual investment. If you see a coin for sale by LAC, look around and figure out if you can get the exact same coin cheaper elsewhere first. FWIW, I discovered this because they listed a rare RR bronze that I needed and while the price wasn't great it was acceptable for me. I sent them an offer then later realized I could still buy the coin from the auction house. I quickly locked in the coin from the auctioneer then sent LAC a follow up email explaining I was no longer interested. Normally I'd consider an offer to be a binding agreement to purchase if the dealer accepts but I see rewarding this sort of behavior as worse than going back on an offer and think all collectors should be aware of it.[/QUOTE]
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Coin market in the last decade - how has it changed?
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