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<p>[QUOTE=&quot;IdesOfMarch01, post: 7829266, member: 39084&quot;]It&#039;s entirely logical that a knowledgeable retail dealer like CNG would acquire coins that they think are undervalued for their resale inventory.&nbsp; It&#039;s obvious in this case that the NGC rating didn&#039;t reflect the true value of the coin to an actual collector, rather than one who is primarily interested in the slab and secondarily interested in ancient coins.&nbsp; CNG recognized this and won the auction for a fair value that it believes allows them to sell it at retail for a profit.</p><p><br /></p><p><br /></p><p>You have the finances of this transaction backwards.&nbsp; The advantage is in favor of the individual collector, who in theory is buying the coin for his/her collection and isn&#039;t trying to resell for a profit.&nbsp; In this case the individual collector can pay more than CNG since CNG needs to build a profit margin into its consideration and thus will stop bidding at a lower price than the individual.&nbsp; In addition, CNG added value by researching the coin&#039;s provenance which for many collectors increases the coin&#039;s value to them.</p><p><br /></p><p>While it may be a lot of work and effort, scouring auctions for undervalued coins is the best way for individual collectors to acquire ancient coins at bargain prices.[/QUOTE]</p><p><br /></p>

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