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<p>[QUOTE="stldanceartist, post: 4432550, member: 13307"]I've been running weekly auctions for about a month now. The first two or three were pretty strong (about 1/3 of the items sold and did pretty well) the last one was a bit of a dud - a lot of cheap stuff in it, but cheap stuff always sells. (In fact, I've never quite understood why at these auctions someone will regularly pay a <i>strong</i> premium for cheap stuff, but refuses to buy quality stuff at a discount.) </p><p><br /></p><p>The other 2/3 of the auction (the more expensive stuff) won't sell even with steep discounts on price guide values, most likely due to the auctioneer's buyer's premium (or maybe it's just material that that audience of people don't collect.) </p><p><br /></p><p>I haven't been able to visit any of the local coin shops, flea markets, or coin shows (all shut down for over a month) so I've no idea how they are doing. It's a shame, because like your dealer friend says, you have to keep resupplying. </p><p><br /></p><p>For the time being, I have enough stashed away to keep me busy at this pace for probably the rest of the year. After that...I'll need to figure something else out.[/QUOTE]</p><p><br /></p>
[QUOTE="stldanceartist, post: 4432550, member: 13307"]I've been running weekly auctions for about a month now. The first two or three were pretty strong (about 1/3 of the items sold and did pretty well) the last one was a bit of a dud - a lot of cheap stuff in it, but cheap stuff always sells. (In fact, I've never quite understood why at these auctions someone will regularly pay a [I]strong[/I] premium for cheap stuff, but refuses to buy quality stuff at a discount.) The other 2/3 of the auction (the more expensive stuff) won't sell even with steep discounts on price guide values, most likely due to the auctioneer's buyer's premium (or maybe it's just material that that audience of people don't collect.) I haven't been able to visit any of the local coin shops, flea markets, or coin shows (all shut down for over a month) so I've no idea how they are doing. It's a shame, because like your dealer friend says, you have to keep resupplying. For the time being, I have enough stashed away to keep me busy at this pace for probably the rest of the year. After that...I'll need to figure something else out.[/QUOTE]
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