Message:

<p>[QUOTE=&quot;SirCharlie, post: 1250391, member: 17255&quot;]Cornering the market...</p><p><br /></p><p>Maybe this is a silly idea, but has anyone ever thought about the possibility of someone, or a small group of people cornering the market on a particular coin market, such as the recently released 2010 America the Beautiful 5 Oz silver bullion coins?&nbsp; There were about 33,000 of each of the 5 ounce coins that were released.&nbsp; Right now, if you check on eBay, there are somewhere around 100-125 of each available for sale.</p><p><br /></p><p>Hot Springs - 104</p><p>Yosemite - 133</p><p>Yellowstone - 128</p><p>Grand Canyon - 127</p><p>Mount Hood - 72</p><p><br /></p><p>The majority of them listed now are the uncirculated version, so there are actually fewer than half that amount listed. They would never be able to get them all, but if they were to buy all of the Yellowstone that were minted, it would cost them around 8 million, or 40 million to buy them all.&nbsp; From reading the threads back when these were being scarfed up, there were a lot of people that purchased several sets from different dealers, so it&#039;s likely that many of them are still holed up somewhere.&nbsp; How many would they have to round up before prices were effected?&nbsp; I guess they could do this with any coin, but it would need to be one with low mintage.&nbsp; Anybody else ever wonder if this could happen?&nbsp; I guess people with 8 million dollars have better places to invest it, huh?[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in