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<p>[QUOTE=&quot;Shortgapbob, post: 188463, member: 6088&quot;]umtrr-author,</p><p>&nbsp;</p><p>I completely agree with you on your assesment of the coin market having much better information than other less mainstream hobbies.&nbsp; I think at least part of this has to do with the fact that the coin hobby has a fairly well-established wholesale market, with buy prices readily available (either from posted dealer want lists or from greysheet bid prices).&nbsp; This allows even beginning collectors to know a valuation basis for their coins.</p><p>&nbsp;</p><p>For example, at any auction I attend, I know that if I buy a coin for a certain price, a dealer will always pay me X dollars wholesale at a minimum.&nbsp; This limits arbitrage opportunities, as most other people know what I know and will bid on the coins as well.</p><p>&nbsp;</p><p>I guess I have to keep getting better at my variety attribution and grading to improve my information advantage and make some money!!<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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