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<p>[QUOTE="dougsmit, post: 7968339, member: 19463"]This reminds me of all the ads I get offering to buy my used car or my house. They never mention that I could not afford to replace those items in the current market so I am not likely to sell. Perhaps this would be a good time to get out of the hobby completely but ......</p><p><br /></p><p>I have not seen this. So many new collectors only seem interested in MS slabs that there are bargains in the VF presentable group. I have sold several coins through JA's sales but most that sold went for the opening bid. If people want to knock loose more and better coins, the bidding on what we used to call 'collector grade' coins has to pick up.</p><p><br /></p><p>I agree. Whether it is criminal laundering or just a sign that people have too much money and no vacation cruises to spend it on is hard to tell.</p><p><br /></p><p>Markets for anything rely on someone with money being willing to pay more than something is worth. Will the S_____ money get tired of coins and go away? Only time will tell. Not all owners of coins are in it for the profit. Judging from some of the garbage I have seen in some sales, attracting decent, mid-level material is getting harder. I'll sell the less desirable part of my collection but it does not seem right to sell the better ones in an environment when I can't find things I want to buy. Last week I sold three common Alexandria denarii (duplicates) for about what I paid for them but that was as a favor to an old friend. I would not have sent them packing otherwise.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 7968339, member: 19463"]This reminds me of all the ads I get offering to buy my used car or my house. They never mention that I could not afford to replace those items in the current market so I am not likely to sell. Perhaps this would be a good time to get out of the hobby completely but ...... I have not seen this. So many new collectors only seem interested in MS slabs that there are bargains in the VF presentable group. I have sold several coins through JA's sales but most that sold went for the opening bid. If people want to knock loose more and better coins, the bidding on what we used to call 'collector grade' coins has to pick up. I agree. Whether it is criminal laundering or just a sign that people have too much money and no vacation cruises to spend it on is hard to tell. Markets for anything rely on someone with money being willing to pay more than something is worth. Will the S_____ money get tired of coins and go away? Only time will tell. Not all owners of coins are in it for the profit. Judging from some of the garbage I have seen in some sales, attracting decent, mid-level material is getting harder. I'll sell the less desirable part of my collection but it does not seem right to sell the better ones in an environment when I can't find things I want to buy. Last week I sold three common Alexandria denarii (duplicates) for about what I paid for them but that was as a favor to an old friend. I would not have sent them packing otherwise.[/QUOTE]
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