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<p>[QUOTE=&quot;GoldFinger1969, post: 5177518, member: 73489&quot;]Important distinction, great point !</p><p><br /></p><p>Since you found this coin on Ebay -- and you may or may not know the seller, I have no idea -- <i>why are we seeing this &quot;rational behavior&quot; on the part of a seller of a raw or ICG coin...when we see such irrational pricing on moderns on Ebay with prices clearly way above recent completed sales prices ?&nbsp; Is this just 1 unique, &quot;smart&quot; seller who knows he can&#039;t overcharge by 30-100% and has to price accordingly ?</i></p><p><br /></p><p>You say sellers don&#039;t want to hold coins months or years but clearly some coin sellers (on Ebay) don&#039;t mind that. <i> Maybe the modern dealers know the <b><span style="color: #0000ff">The 1 Dumb Ebay Buyer</span></b> will eventually come along and their clients are &quot;dumber&quot; and will eventually overpay, as opposed to buyers for classic coins that are raw or ICG ?</i></p><p><br /></p><p>This is how MARKETS are supposed to work, where you have good information on both sides and liquidity at work.&nbsp; But too often, especially on Ebay, it doesn&#039;t because sellers there are unreasably high.</p><p><br /></p><p>I wonder why the seller of this coin didn&#039;t list it for $75....claim it was a $170 coin...then take an offer of like $50 from some novice collector.&nbsp; Would have taken longer to sell than at the lower price to an expert but when I see overpriced junk listing for months or years.....&nbsp;&nbsp; </p><p><br /></p><p>As I don&#039;t deal in Jeff Nickles or most classics, I guess things are different than in lots of the modern and commemoratives I see on Ebay.&nbsp; But I also see Saints and Morgans go begging for months, if not longer.</p><p><br /></p><p>Brilliantly stated.[/QUOTE]</p><p><br /></p>

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