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<p>[QUOTE=&quot;4to2centBC, post: 2790358, member: 76181&quot;]I had to dig and find this post.</p><p><br /></p><p>I am buying a coin from a dealer who bought it in an auction about 3 weeks ago. I am paying an &#039;apparently&#039;&nbsp; huge premium. Why? Well, I was chasing bigger fish, later on in the auction. And I dropped out when the bids got too high for me. So, no coins....nada. I didn&#039;t even give a hard look at the other coins, and the ones I looked at, I would need to see in hand to bid, so I didn&#039;t chase earlier lots.</p><p><br /></p><p>As for the coin I am buying from the dealer (dealer paid approx $850 with fees)... Based on the original auction photo, I would have gone about 30% higher, plus the premium ($1,200 with fees) But I did not see it, and I would not have bid even if I did, because of the later lots...and there is no guaranteee I would have won it for 30% more.&nbsp; If I did not like the coin, I&#039;d be stuck.</p><p><br /></p><p>Now however, cash flow is a little better and now I have the option to still get it, with the right to return if I don&#039;t think it quite lives up to the image (I am a bit concerned about the reverse and a mark on the chin) The dealer bears the risk of getting the coin back. Thus the premium, for me, is just a cost of doing business. More circumstance and less convenience. I will end up paying about 25% more for the coin when it is all said and done. It will amount to a few hundred dollars that I will forget by next year. If the coin looks as good as I hope it does, then I will forget the premium even sooner.</p><p><br /></p><p>And yes, I could have negotiated down, but I am giving this dealer a little room for now.</p><p><br /></p><p>When it is all said and done, I will post the original auction pix and the photos I take and then the dealer photo.[/QUOTE]</p><p><br /></p>

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