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<p>[QUOTE=&quot;zumbly, post: 2756467, member: 57495&quot;]Prices certainly can go down and do so all the time! </p><p><br /></p><p>Here&#039;s a coin from today&#039;s CNG auction that was on my watch list.&nbsp; I bid on it but did not win it: <a href="https://cngcoins.com/Coin.aspx?CoinID=337321" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://cngcoins.com/Coin.aspx?CoinID=337321" rel="nofollow">https://cngcoins.com/Coin.aspx?CoinID=337321</a></p><p>The description mentions a previous sale date of September 2016 and a &quot;<i>hammer of $335</i>&quot; in that sale.&nbsp; Less than half a year later, we have the coin selling at less than half that price.</p><p><br /></p><p>My casual observation is that when descriptions mention a previous hammer price, and the sale date was in the recent past (say, under 10 years), it&#039;s not only possible but likely that the coin will <b>not </b>be selling for more than that.&nbsp; How much of a discount the new buyer gets off the old price is probably going to be determined by how much the old buyer overpaid.&nbsp; And whether or not the new buyer got a bona fide deal?&nbsp; Regardless of the size of the discount he scored off the previous hammer, the only thing that really matters is the price he paid and the price that future buyers will be willing to pay when it comes to his turn to put the coin up on the block.&nbsp;&nbsp; </p><p><br /></p><p>My basic takeaway : Don&#039;t buy coins in big auctions and expect to flip them in short order in the same big auctions for any kind of profit.[/QUOTE]</p><p><br /></p>

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