Message:

<p>[QUOTE=&quot;GDJMSP, post: 2230480, member: 112&quot;]There could be any number of reasons, but I suspect the chief among them would be that they just don&#039;t agree with the current prices being reported in the CDN. In other words they are thinking that the coins are worth more than what the CDN says they are worth.</p><p><br /></p><p>But like I said the CDN is real, it merely reports what dealers all over the country are offering to buy, or sell, a given coin in a given grade at a given point in time, with the that point in time being the present week.</p><p><br /></p><p>Kinda like this for example, (and no I don&#039;t know that these are the real numbers because I didn&#039;t take the time to look them up). A dealer looks at the CDN and sees that a &#039;82-CC Morgan in 63 is worth $175. He then says, oh bull, that coin is worth at least $225. The CDN is a bunch of hogwash. But he&#039;s saying that because he&#039;s trying to sell his examples of that coin, in that grade, for that amount. But nobody will pay it because the CDN says it&#039;s worth $50 less than that. So his only recourse is to badmouth the CDN and claim the numbers are no good in order to validate himself.</p><p><br /></p><p>To understand it you have to understand how the market works. A lot of folks think that the coin market is mostly composed of sales and purchases primarily between dealers and private individuals (collectors). But nothing could be further from the truth. </p><p><br /></p><p>Sales and purchases between dealers and individuals only comprise about 20% of the coin market. The other 80% is sales and purchases between dealers. That&#039;s why the given value of any given coin at any given point in time is determined by what a dealer will sell one for, or pay for one. </p><p><br /></p><p>What some bidiot pays for a coin on ebay doesn&#039;t have anything to do with the real, the true value of any coin. It never has and it never will. But the average collector won&#039;t believe that because he doesn&#039;t want to believe it. He wants his coins to be worth more. So he thinks they are because somebody who doesn&#039;t have a clue about the coin market pays too much for them on ebay. While the whole time he could go and buy the same coin, same grade, for less money from a dealer. And often a good bit less.</p><p><br /></p><p>You know how I&#039;ve talked about Heritage, Heritage is a dealer, the biggest dealer. They sell almost a billion dollars worth of coins a year, every year. And yeah that&#039;s with a B. And that&#039;s just 1 dealer. And a whole lot of those coins sold by them end up being sold again on ebay for more money. </p><p><br /></p><p>It&#039;s not rocket science, it doesn&#039;t take a genius to figure things out to understand the coin market. You just have to know a little bit, open your eyes, and actually see what is going on.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in