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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: 3080049, member: 112"]There's one other thing I forgot to mention Cal, something that I think most collectors aren't even aware of. Large dealers and the major auction houses, they have employees known as buyers. And it's often the highest paying job there is in numismatics. They hire guys to travel around the country, attend coin shows, visit dealer shops, and attend all the auctions they can. They have virtually unlimited resources ($$$) and can buy just about any coin there is. Their sole job is to pick out and buy coins for the auction houses and dealers (who then turn around and sell them). And they get paid the big bucks because they are so good at doing that. </p><p><br /></p><p>To most people, when they see these guys at auctions and shows etc, they're just guys, just another collector. But they're not, they're employees out doing their jobs. People in the know can figure out who they are easy enough, but other folks, they don't have a clue.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3080049, member: 112"]There's one other thing I forgot to mention Cal, something that I think most collectors aren't even aware of. Large dealers and the major auction houses, they have employees known as buyers. And it's often the highest paying job there is in numismatics. They hire guys to travel around the country, attend coin shows, visit dealer shops, and attend all the auctions they can. They have virtually unlimited resources ($$$) and can buy just about any coin there is. Their sole job is to pick out and buy coins for the auction houses and dealers (who then turn around and sell them). And they get paid the big bucks because they are so good at doing that. To most people, when they see these guys at auctions and shows etc, they're just guys, just another collector. But they're not, they're employees out doing their jobs. People in the know can figure out who they are easy enough, but other folks, they don't have a clue.[/QUOTE]
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Do 21st Century Coin Collecting Methods Drive Prices Down and Hurt our Hobby?
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