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<p>[QUOTE="TypeCoin971793, post: 4433153, member: 78244"]This is because the VAST MAJORITY of collectors are very unconfident in their abilities to evaluate higher-end or higher-quality coins. They are, however, confident in the lower-end or generic stuff, so they are far more willing to be strong buyers for it.</p><p><br /></p><p>There’s also the quantity over quality aspect as well. Lots of collectors would rather buy thousands of cheap, common coins than one $1000 coin. They either feel like they are getting a better deal, or they feel more comfortable when the costs are far more distributed. This is psychologically why people hoarded toilet paper before they even considered canned beans. Bigger volume = more control and better deal.</p><p><br /></p><p>And then there are the collectors who just won’t go outside their comfort zone regardless of how good a deal something is, unless it is super cheap. They either don’t recognize it for what it is, or they just don’t want to tie up money into something they don’t collect. Keep in mind most collectors aren’t buying the coins to flip them. You could have an 1829 O-129 bust half in VF ($70K coin), properly identified as such, in a coin club auction, and it would probably go for no more than $120 because the Red Book says an 1829 half dollar is a $120 coin in VF. They wouldn’t care about the rarity of the variety.</p><p><br /></p><p>So yes, while dealing with such collectors is frustrating when you have high-quality coins to sell, this is where they are coming from.[/QUOTE]</p><p><br /></p>
[QUOTE="TypeCoin971793, post: 4433153, member: 78244"]This is because the VAST MAJORITY of collectors are very unconfident in their abilities to evaluate higher-end or higher-quality coins. They are, however, confident in the lower-end or generic stuff, so they are far more willing to be strong buyers for it. There’s also the quantity over quality aspect as well. Lots of collectors would rather buy thousands of cheap, common coins than one $1000 coin. They either feel like they are getting a better deal, or they feel more comfortable when the costs are far more distributed. This is psychologically why people hoarded toilet paper before they even considered canned beans. Bigger volume = more control and better deal. And then there are the collectors who just won’t go outside their comfort zone regardless of how good a deal something is, unless it is super cheap. They either don’t recognize it for what it is, or they just don’t want to tie up money into something they don’t collect. Keep in mind most collectors aren’t buying the coins to flip them. You could have an 1829 O-129 bust half in VF ($70K coin), properly identified as such, in a coin club auction, and it would probably go for no more than $120 because the Red Book says an 1829 half dollar is a $120 coin in VF. They wouldn’t care about the rarity of the variety. So yes, while dealing with such collectors is frustrating when you have high-quality coins to sell, this is where they are coming from.[/QUOTE]
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