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<p>[QUOTE="Jedinited, post: 2564448, member: 80224"]As a long-time collector, I always find this discussion interesting. Personally, CDN is a valuable guide for me, along with many others, as it does affect the market. Coin valuation and grading is, and always will be, somewhat subjective. Any price list can only be a general estimate of value for any particular coin, in any particular grade, whether slabbed or not. And I think CDN has made some marked improvements with the new ownership.</p><p><br /></p><p>Bottom line, any particular coin is a tangible object, that has a finite value. As a collector, I find the comments about X% markup in price because of X factors a bit ludicrous. Certainly, coin dealers must make a living. Most of us know how that is done...more often than not, by paying significantly less that what a collector would be willing to pay and making the resulting profit, not by paying FMV and marking it up. That "wholesale-retail" coin shop markup no longer works with the internet, eBay, multiple sources of information readily available, etc. Or, perhaps, by turning inventory over fast on a small %, as some dealers do to other dealers. None of that changes the actual fair market value of the coin...it is what it is...what a willing seller and buyer can agree upon, whether dealer or collector, and whether a single coin or in a large deal where discounts might be in play.</p><p><br /></p><p>IMHO - As a collector buyer, I understand that any given dealer might sell a $20 Saint to another dealer for slightly less, but if their is much difference, I will pass on to the next. I have found that my $ are just as good as anyone else's to most dealers, at least the ones that are not strictly dealer-to-dealer.[/QUOTE]</p><p><br /></p>
[QUOTE="Jedinited, post: 2564448, member: 80224"]As a long-time collector, I always find this discussion interesting. Personally, CDN is a valuable guide for me, along with many others, as it does affect the market. Coin valuation and grading is, and always will be, somewhat subjective. Any price list can only be a general estimate of value for any particular coin, in any particular grade, whether slabbed or not. And I think CDN has made some marked improvements with the new ownership. Bottom line, any particular coin is a tangible object, that has a finite value. As a collector, I find the comments about X% markup in price because of X factors a bit ludicrous. Certainly, coin dealers must make a living. Most of us know how that is done...more often than not, by paying significantly less that what a collector would be willing to pay and making the resulting profit, not by paying FMV and marking it up. That "wholesale-retail" coin shop markup no longer works with the internet, eBay, multiple sources of information readily available, etc. Or, perhaps, by turning inventory over fast on a small %, as some dealers do to other dealers. None of that changes the actual fair market value of the coin...it is what it is...what a willing seller and buyer can agree upon, whether dealer or collector, and whether a single coin or in a large deal where discounts might be in play. IMHO - As a collector buyer, I understand that any given dealer might sell a $20 Saint to another dealer for slightly less, but if their is much difference, I will pass on to the next. I have found that my $ are just as good as anyone else's to most dealers, at least the ones that are not strictly dealer-to-dealer.[/QUOTE]
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