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<p>[QUOTE=&quot;rick, post: 21034, member: 1235&quot;]Bowers touched on this subject a little bit in his book &#039;the Buyers Guide to the Rare Coin Market&#039;, which I just finished a couple days ago.&nbsp; He called this person the Bargain-Seeker, and told a quick story about a man who wanted to invest in the rare coin market, but wanted to get in at a discount.&nbsp; What he eventually ended up with, were slabbed coins that were, in Bowers&#039; opinion, graded a couple points too high, or (in some cases) the worst examples of those grades possible.</p><p><br /></p><p>Of course, the buyer was purchasing for future profits, and when he attempted to resale, dealers turned him down and he was forced to rid them at auction - where, as he put it, he did not fair well.</p><p><br /></p><p>I think that the coin market is already a highly self-regulated field of business.&nbsp; Unlike used cars, where the market is wide-spread and the mark up is usually quite shocking - that is a result of the pool of demand being fairly uneducated in what they are buying - some take their potential purchases to experienced mechanics, others don&#039;t even do that.&nbsp; I think, by and large, most coin collectors have invested some amount of time into their education in the field, and know what they are probably going to pay.&nbsp; Sure, sometimes the blind dog finds the bone... That&#039;s always a nice feeling, but I doubt the blind dog expected it.[/QUOTE]</p><p><br /></p>

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