Discussion in 'Coin Chat' started by Alan Nakamura, Nov 13, 2019.
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Free markets do what they do. Your dealer is not the enemy. The free market is your enemy. If the average buyer (me) will only pay spot price for a shiny proof ASE or AGE, then why would a dealer pay more? He wouldn’t be in business very long if he did...... It’s really that simple. In the blink of an eye, that could change and the proof strikes may carry a premium. It’s how the free market works. No magic or thievery to it.
My observation concerning a large number of Proof coin issues is that the most demand exists during the year of issue and shortly there after. Once the core collectors acquire the Proof coins for their sets, the demand is dependent upon new blood since the core collectors have their coins and don't want any more. If the growth in collector interest is not there, prices drift lower. That's why many older Proof sets sell for close to face value and modern gold and silver commemative coins sell for close to melt.
already "revolted" -- by refusing to buy those proofs from dealers at a significant markup. If dealers can't sell them at a significant markup, they won't buy them at a markup.
You've paid extra for coins that will not bring a premium when you go to sell them. This is not the fault of dealers.
Stand up and do what? Refuse to sell? That's your privilege. But the dealer isn't in desperate need of your coin, there are plenty of other out there that will sell. And if everyone refuses to sell that still won't matter much unless there are also people constantly coming in wanting the buy them. It is the demand side that determines the dealers buying price, not the supply side.
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