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<p>[QUOTE="IdesOfMarch01, post: 2923424, member: 39084"]Yes -- spoiler alert -- the dealer who bought the coin is listing it for <b>$115,000</b>.</p><p><br /></p><p><br /></p><p>This is really a key observation about auction coins bought by dealers for resale. I asked my own dealer about this once -- why are some coins purchased at one auction and then sell for 20% more at another auction a few months later? Why do some show up in dealers' inventory at double the price? </p><p><br /></p><p>It turns out that even with the Internet, collectors simply miss the auction or the coin, and there are bargains available if you look hard and are diligent about pursuing them. I think <b>AncientJoe</b> has some stories about coins he's flipped for large profits very shortly after purchasing them. It's just not what economists call an "efficient market" despite the widespread availability of online information on coins.</p><p><br /></p><p>Personally, I would have listed the coin for $65,000 and hoped for a quick sale, and a 50% profit. I get the impression that the dealer who bought the coin is not really very interested in parting with it. It's a good coin but I think the auction price plus premium represent the current market for this coin in this condition[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 2923424, member: 39084"]Yes -- spoiler alert -- the dealer who bought the coin is listing it for [B]$115,000[/B]. This is really a key observation about auction coins bought by dealers for resale. I asked my own dealer about this once -- why are some coins purchased at one auction and then sell for 20% more at another auction a few months later? Why do some show up in dealers' inventory at double the price? It turns out that even with the Internet, collectors simply miss the auction or the coin, and there are bargains available if you look hard and are diligent about pursuing them. I think [B]AncientJoe[/B] has some stories about coins he's flipped for large profits very shortly after purchasing them. It's just not what economists call an "efficient market" despite the widespread availability of online information on coins. Personally, I would have listed the coin for $65,000 and hoped for a quick sale, and a 50% profit. I get the impression that the dealer who bought the coin is not really very interested in parting with it. It's a good coin but I think the auction price plus premium represent the current market for this coin in this condition[/QUOTE]
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