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<p>[QUOTE="Gallienus, post: 11567648, member: 42034"]<u>Excellent question</u>, and one to which I've found the correct solution.</p><p><br /></p><p>It's simply to avoid buying coins at this time.</p><p><br /></p><p>Right now the rare coins market is incandescent. Everything, except common date circ gold (which few want) is selling for multiples of what it used to sell for 3 years ago. The solution is to wait until the market cools off. There are plenty of better investments that are "undervalued" but are considered unsexy at the moment.</p><p><br /></p><p>I'd guess that most dealers will not accept a sale unless they make around 50% to 100% on a coin. Thus if they buy it at $10,000. there is no chance they'll even budge on price until you negotiate it down to near $15K. But they'll prefer to make 30 or 40K.</p><p><br /></p><p>Even the auction firms have increased their buying fee to 20% or 22.5% with a seller's fee of 10%. Thus they're making nearly 35% on every transaction and I can't even keep track of the number of new auction firms that are sprouting up.[/QUOTE]</p><p><br /></p>
[QUOTE="Gallienus, post: 11567648, member: 42034"][U]Excellent question[/U], and one to which I've found the correct solution. It's simply to avoid buying coins at this time. Right now the rare coins market is incandescent. Everything, except common date circ gold (which few want) is selling for multiples of what it used to sell for 3 years ago. The solution is to wait until the market cools off. There are plenty of better investments that are "undervalued" but are considered unsexy at the moment. I'd guess that most dealers will not accept a sale unless they make around 50% to 100% on a coin. Thus if they buy it at $10,000. there is no chance they'll even budge on price until you negotiate it down to near $15K. But they'll prefer to make 30 or 40K. Even the auction firms have increased their buying fee to 20% or 22.5% with a seller's fee of 10%. Thus they're making nearly 35% on every transaction and I can't even keep track of the number of new auction firms that are sprouting up.[/QUOTE]
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