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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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<p>[QUOTE="calcol, post: 3078774, member: 77639"]The auctions I've attended have been at shows and sparsely attended, and a great many of those in attendance appeared to be dealers. Not surprising. After all, the dealers were already at the show, so it was a pretty good use of their time. However, the vast majority of coins sold were not to the floor but to internet, phone, fax, or mail bidders. So how is it you know that most of these coins were bought by dealers?</p><p><br /></p><p>Now if you meant to say that most of the bargains at auctions are won by dealers, I won't argue. They do know values better than collectors though they may or may not determine those values. And they likely have bigger buying budgets than the average collector as well.</p><p><br /></p><p>I know execs at a couple of the big auction houses. When I'm at Long Beach next month, I'll try to remember to ask their opinion on it.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 3078774, member: 77639"]The auctions I've attended have been at shows and sparsely attended, and a great many of those in attendance appeared to be dealers. Not surprising. After all, the dealers were already at the show, so it was a pretty good use of their time. However, the vast majority of coins sold were not to the floor but to internet, phone, fax, or mail bidders. So how is it you know that most of these coins were bought by dealers? Now if you meant to say that most of the bargains at auctions are won by dealers, I won't argue. They do know values better than collectors though they may or may not determine those values. And they likely have bigger buying budgets than the average collector as well. I know execs at a couple of the big auction houses. When I'm at Long Beach next month, I'll try to remember to ask their opinion on it. Cal[/QUOTE]
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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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