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<p>[QUOTE=&quot;dougsmit, post: 2922984, member: 19463&quot;]A counter-question:&nbsp; If you were a collector who had bid $41k and lost the coin to a dealer who immediately reoffered it for $130k or $50k, how likely are you to buy?&nbsp; Pretty obviously the market for the next sale is from people who did not see the coin offered before.&nbsp; Are there collectors who do not follow the auctions and are willing to pay twice as much for a coin &#039;flipped&#039; on the recommendation of a private treaty dealer?&nbsp; It would seem there are quite a few.&nbsp; If there were not, why would a dealer bother bidding in a sale in which collectors are allowed to participate?&nbsp; It would be interesting how often a coin changed hands since the last time it was owned by a person who wanted the coin for their collection rather than just hoping to make a profit on a quick resale.&nbsp; Dealers make money by buying for less and selling for more.&nbsp; That is good since it makes coins available tat we might not have seen otherwise or been willing to buy as part of a large collection being sold as a unit.&nbsp; How many intermediate, short term owners get to double their money before someone takes a bath?</p><p><br /></p><p>Statistics I would like to know:&nbsp; How many people contact Clio each week trying to sell him coins they bought with him in mind?&nbsp; How well does this work for them?[/QUOTE]</p><p><br /></p>

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