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Does the redbook do beginer collectors a disservice
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<p>[QUOTE="medoraman, post: 1431331, member: 26302"]My guess is that a dealer sees lots of people wanting a coin, he gets a 64 of the coin but instead of pricing it based on the sheet, he bumps up the price $50. If it sells, he reports this as the new price. </p><p><br /></p><p>Any dealer only using a sheet to price coins and ignoring current market demands is seriously undercutting his profit potential. This works both ways as well, he lists a coin at greysheet for a couple of months, it doesn't move, he sees other coins for sale cheaper so he marks his down $50 to get it to sell, then reports that as the new price. </p><p><br /></p><p>Such a methodology, by definition, will be a little faulty since it will emphasize price increases quicker than price decreases. However, since this is good for both greysheet's and dealers business models, I bet they don't fret about it much.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1431331, member: 26302"]My guess is that a dealer sees lots of people wanting a coin, he gets a 64 of the coin but instead of pricing it based on the sheet, he bumps up the price $50. If it sells, he reports this as the new price. Any dealer only using a sheet to price coins and ignoring current market demands is seriously undercutting his profit potential. This works both ways as well, he lists a coin at greysheet for a couple of months, it doesn't move, he sees other coins for sale cheaper so he marks his down $50 to get it to sell, then reports that as the new price. Such a methodology, by definition, will be a little faulty since it will emphasize price increases quicker than price decreases. However, since this is good for both greysheet's and dealers business models, I bet they don't fret about it much.[/QUOTE]
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