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<p>[QUOTE=&quot;johnmilton, post: 3757096, member: 101855&quot;]One of the things that turned me into a conservative grader was the reactions I got from dealers when I tried to sell something as a young collector. They were quick to point out any defect and make that the reason why they would not pay a good price for a coin. I learned to look for the “good stuff.” Then when a dealer refused to buy something it would only be because he didn’t need it, or the price was too high for him. The grade was not the issue.</p><p><br /></p><p>The same is true with certified coins today. When dealers are looking to buy, they whip through boxes really fast. If they see a noticeable mark on an MS-66 graded coin, they give it about 4 second look, and it’s back in the box. Material, with issues, end up in auctions because the dealers figure they will get more money if they get less than astute people bidding. Sometimes dealers just want to liquidate “dead stock.” That’s why you see many disappointing coins in auctions. The “good stuff” (properly graded, attracted material) often gets sold to retail customers.</p><p><br /></p><p>That’s not to say that there are not good coins in auctions. There are good coins in auctions, and sometimes that’s the best place to sell something that is rare and special. But a lot of the “stuff” that is in auctions, is there for a reason.[/QUOTE]</p><p><br /></p>

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