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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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<p>[QUOTE="GDJMSP, post: 3078534, member: 112"]Sure some dealers buy stuff they find on ebay, but I'd say they are few and far between because they simply know better. </p><p><br /></p><p><br /></p><p><br /></p><p>I can't give ya exact numbers Cal or even a reasonable estimate of a percentage. And no there is no actual recorded data. It's more of something you simply know and learn by observation and conversation. Go to a live auction, most of the people in there are dealers, and consistently. Same thing for the online auctions. The majority of buyers are dealers, always have been.</p><p><br /></p><p>As for collectors setting the prices ? Nahhhhh, doesn't happen. Sure, collectors win some of the auctions, but do ya know why ? Because they over-pay. The dealers attending, or bidding online - they know the real world value of the coins. So if the bid exceeds that - the dealers simply stop bidding. And that's when the collectors win. </p><p><br /></p><p>But their winning doesn't change the prices nor even affect the prices - it's merely considered an outlier. The next time the same coin or similar coin comes up the dealers pay what it's worth and no more. And the price remains the same.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3078534, member: 112"]Sure some dealers buy stuff they find on ebay, but I'd say they are few and far between because they simply know better. I can't give ya exact numbers Cal or even a reasonable estimate of a percentage. And no there is no actual recorded data. It's more of something you simply know and learn by observation and conversation. Go to a live auction, most of the people in there are dealers, and consistently. Same thing for the online auctions. The majority of buyers are dealers, always have been. As for collectors setting the prices ? Nahhhhh, doesn't happen. Sure, collectors win some of the auctions, but do ya know why ? Because they over-pay. The dealers attending, or bidding online - they know the real world value of the coins. So if the bid exceeds that - the dealers simply stop bidding. And that's when the collectors win. But their winning doesn't change the prices nor even affect the prices - it's merely considered an outlier. The next time the same coin or similar coin comes up the dealers pay what it's worth and no more. And the price remains the same.[/QUOTE]
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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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