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Coin market in the last decade - how has it changed?
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<p>[QUOTE="Ken Dorney, post: 2783079, member: 76086"]Well, it seems counter-intuitive, especially so for our hobby (which is an entity unto its own, honestly). BUT, when you consider, a bakery sells its packages of hot dog buns for 49 cents per pack, but you pay at the grocery store $2.99. Do we even think about that? Do we do price comparisons? Do we haggle at the register before we pay? These are interesting questions, and as we have a constantly changing society maybe this will happen in the future. I dont know, but its interesting, isn't it?</p><p><br /></p><p><br /></p><p><br /></p><p>Any scenario is entirely possible, including that Morris was the actual consignor and they did not actually see with CNG and he just re-listed them for retail. Nobody knows but CNG and Morris.</p><p><br /></p><p><br /></p><p><br /></p><p>Oooh. This was one point which I had thought to address, but got sidetracked. Many auction houses are simply listing machines. They take as many consignments as possible and have no care about value or price. They determine the staring price (low, to attract bids). If a lot sells for 10% of average they dont care. They get their commission no matter what happens. Honesty its a win-win situation for them (and I dont blame them). </p><p><br /></p><p>Sure, one would suggest that they do indeed have a vested interest in the final sales price (and they do to some extent), but when they have a near monopoly on the market, no they dont care. 100 million dollars this year in sales, maybe 110 next year, 150 the next, they know they cant lose.[/QUOTE]</p><p><br /></p>
[QUOTE="Ken Dorney, post: 2783079, member: 76086"]Well, it seems counter-intuitive, especially so for our hobby (which is an entity unto its own, honestly). BUT, when you consider, a bakery sells its packages of hot dog buns for 49 cents per pack, but you pay at the grocery store $2.99. Do we even think about that? Do we do price comparisons? Do we haggle at the register before we pay? These are interesting questions, and as we have a constantly changing society maybe this will happen in the future. I dont know, but its interesting, isn't it? Any scenario is entirely possible, including that Morris was the actual consignor and they did not actually see with CNG and he just re-listed them for retail. Nobody knows but CNG and Morris. Oooh. This was one point which I had thought to address, but got sidetracked. Many auction houses are simply listing machines. They take as many consignments as possible and have no care about value or price. They determine the staring price (low, to attract bids). If a lot sells for 10% of average they dont care. They get their commission no matter what happens. Honesty its a win-win situation for them (and I dont blame them). Sure, one would suggest that they do indeed have a vested interest in the final sales price (and they do to some extent), but when they have a near monopoly on the market, no they dont care. 100 million dollars this year in sales, maybe 110 next year, 150 the next, they know they cant lose.[/QUOTE]
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Coin market in the last decade - how has it changed?
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