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<p>[QUOTE=&quot;calcol, post: 3088496, member: 77639&quot;]Doug,</p><p><br /></p><p>If you look at my posts on this thread, the only area where I&#039;m skeptical of dealer-to-dealer being the commonest trading mode is for higher-end coins (few hundred $ and up) sold at auction.&nbsp; Although I don&#039;t have any data on it, I think you&#039;re right when it comes to shows, and good chance you&#039;re right about less expensive coins at auction with possible exception of eBay.&nbsp; I too have watched the extensive dealer-to-dealer trading at shows; no argument there.</p><p><br /></p><p>Regarding the PCGS show and Legend auction in New Orleans, it was open to all PCGS members (dealers and collectors), as well as anyone who bothered to register online with Legend to bid in the auction.&nbsp; Wouldn&#039;t be surprised though if most dealers acquired more coins via dealer-to-dealer trading rather than via the auction.&nbsp; Good chance many or most of the auction coins sold via the net anyway and not to the floor.&nbsp; I bid on three coins via the net.</p><p><br /></p><p>I know the 27 coins for which they published collector-versus-dealer info were a small percentage of total auction sales and were high-end.&nbsp; But auction sales of high-end coins is where I&#039;ve been skeptical of dealer dominance.&nbsp; However, my conclusion will be determined by whatever data is made available as well as what auction companies tell me.</p><p><br /></p><p>I really do appreciate your expertise and think you and the other mods do a great job.&nbsp; Thanks.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>

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