Message:

<p>[QUOTE=&quot;calcol, post: 3079461, member: 77639&quot;]Thanks for your reply, Doug.&nbsp; I don&#039;t dispute what you&#039;ve written except the last sentence.&nbsp; Not really dispute ... don&#039;t yet accept.&nbsp; I&#039;m still not convinced that most coins at auctions are bought by dealers; however, I can&#039;t provide data at the moment to prove otherwise.&nbsp; The auction companies have to be the best source of info on this question.&nbsp; They know which customers are dealers.</p><p><br /></p><p>I have observed coins being sold at auction and then appearing in a dealer&#039;s inventory in short order.&nbsp; I&#039;m often aghast at the asking price compared to what it sold for in the auction ... often twice the price.&nbsp; I&#039;m sure they would accept less, but the eventual purchaser probably paid significantly more than the auction price.&nbsp; Some of these coins were ones I was considering or bid on, but quit when I thought the price became a poor value. A common trick is for the dealer to &quot;launder&quot; the coin by having it regraded or crossed.&nbsp; Therefore, it&#039;s in a different holder and harder for prospective customers to trace back to the auction and find out the dealer&#039;s cost.&nbsp; And if the dealer is lucky or astute, the grade may go up as well (usually not though).</p><p><br /></p><p>With regard to the &quot;Make Offer to Owner&quot; feature of Heritage, that&#039;s the default profile when one signs-up for a Heritage account.&nbsp; I&#039;m not a dealer, but get offers on coins I&#039;ve bought via Heritage.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in