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<p>[QUOTE="Ed Snible, post: 8258689, member: 82322"]Although there are good deals at fixed prices there are also comically high prices as well. Many dealers will not budge on price even if something has been in their inventory for years. They would rather tie up their capital than fail to break even on a deal. How can a collector know if a fixed price represents great value?</p><p><br /></p><p>There is a herd mentality at auctions. If there are any bids at least one other person sees potential. This makes it easier to imagine acquiring the coin, enticing more bidders. Maybe a few perform due-diligence and find something like an old auction sale that reassures them to bid more.</p><p><br /></p><p>I use the “wish list” feature on fixed price sites. If my auction bids fail consistently I can cushion the blow with some really nice alternates.[/QUOTE]</p><p><br /></p>
[QUOTE="Ed Snible, post: 8258689, member: 82322"]Although there are good deals at fixed prices there are also comically high prices as well. Many dealers will not budge on price even if something has been in their inventory for years. They would rather tie up their capital than fail to break even on a deal. How can a collector know if a fixed price represents great value? There is a herd mentality at auctions. If there are any bids at least one other person sees potential. This makes it easier to imagine acquiring the coin, enticing more bidders. Maybe a few perform due-diligence and find something like an old auction sale that reassures them to bid more. I use the “wish list” feature on fixed price sites. If my auction bids fail consistently I can cushion the blow with some really nice alternates.[/QUOTE]
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