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Heritage Raises Coins BP to 20%
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<p>[QUOTE="princeofwaldo, post: 2832819, member: 24091"]Perhaps the catalog alone isn't enough to persuade them to stick with conventional auctioning. But again, I think a lot of the attraction of using a large auction house is the prestige associated with doing so. Keep in mind we are talking about a hobby, not necessarily an investment scheme meant to maximize returns as the sole aim and purpose of the endeavour, though that is precisely what happens for many who consign to the largest auction houses: Even for the smaller players they end-up with more on truly scarce items than they would selling any other way. The real key is collecting the right material. It doesn't have to be a 6-digit coin to make a nice return at a conventional auction. But collecting ABT silver 5 ounces pieces is never likely going to be the road to riches for anyone, even if graded MS71 or PF71. It has to be rare and desirable, and there has to be at least two people out there who want it badly enough to ignore the prevailing wisdom regarding valuations.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 2832819, member: 24091"]Perhaps the catalog alone isn't enough to persuade them to stick with conventional auctioning. But again, I think a lot of the attraction of using a large auction house is the prestige associated with doing so. Keep in mind we are talking about a hobby, not necessarily an investment scheme meant to maximize returns as the sole aim and purpose of the endeavour, though that is precisely what happens for many who consign to the largest auction houses: Even for the smaller players they end-up with more on truly scarce items than they would selling any other way. The real key is collecting the right material. It doesn't have to be a 6-digit coin to make a nice return at a conventional auction. But collecting ABT silver 5 ounces pieces is never likely going to be the road to riches for anyone, even if graded MS71 or PF71. It has to be rare and desirable, and there has to be at least two people out there who want it badly enough to ignore the prevailing wisdom regarding valuations.[/QUOTE]
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