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My first auction - have my coins been done justice?
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<p>[QUOTE="dougsmit, post: 2877507, member: 19463"]I don't see this at all this way. Yes, things have changed and people in business spend money on different things now but the fact remains that a 'proper' write up of a $20 coin turns it into a $40 coin possibly making it unlikely to sell while the same expenditure will write up a $2000 coin. I always termed this fact 'nuisance value'. That is the lowest price you will see that seller list a coin no matter what the coin is. You might call it the bribe you pay him to handle the coin. It makes no difference if a coin is 'worth' less, the coin will be listed at that price or wholesaled off in batches. In the last thirty years, the nuisance value price has risen with most dealers to the point that there are quite a few who don't bother with coins under $500 and a few that start many times over that. It is foolish to send a collection of $50 coins to a $500 dealer. Most of the coins I buy from big sales are things they had to buy/list to be allowed the 'better' items in a collection. Dealers who have trouble buying coins as nice as these may welcome the group but those who have 'big' sales have all the 'seconds' they can handle.</p><p><br /></p><p><br /></p><p>When the two 'best' coins in the group lot are fakes, 'ringer' is not the word that comes to mind.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2877507, member: 19463"]I don't see this at all this way. Yes, things have changed and people in business spend money on different things now but the fact remains that a 'proper' write up of a $20 coin turns it into a $40 coin possibly making it unlikely to sell while the same expenditure will write up a $2000 coin. I always termed this fact 'nuisance value'. That is the lowest price you will see that seller list a coin no matter what the coin is. You might call it the bribe you pay him to handle the coin. It makes no difference if a coin is 'worth' less, the coin will be listed at that price or wholesaled off in batches. In the last thirty years, the nuisance value price has risen with most dealers to the point that there are quite a few who don't bother with coins under $500 and a few that start many times over that. It is foolish to send a collection of $50 coins to a $500 dealer. Most of the coins I buy from big sales are things they had to buy/list to be allowed the 'better' items in a collection. Dealers who have trouble buying coins as nice as these may welcome the group but those who have 'big' sales have all the 'seconds' they can handle. When the two 'best' coins in the group lot are fakes, 'ringer' is not the word that comes to mind.[/QUOTE]
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My first auction - have my coins been done justice?
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