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<p>[QUOTE="1934 Wreath Crown, post: 2756785, member: 76965"]Well I suppose it all has to do with several factors like the auction house/site, description, venue and other factors like buyers egos and rivalry etc. Sometimes the 'right' type of buyers notice/track the coin and bidding is strong....other times it flops.</p><p><br /></p><p>I've seen numerous cases where very similar coins are sold by the same auction house for huge price differences in less than 6 months.</p><p><br /></p><p>Political or financial uncertainty at the time of the auction also plays a huge part. Few months ago prices were softer but now they are beginning to come back. I personally bought this coin on eBay for approx $667 in September 2016. The seller had purchased the exact same coin (NGC Certificate number) for $940 in April 2016 from a reputable auction house. That's a 30% drop on his buying price, almost 50% on selling price in just 6 months.</p><p><br /></p><p>In April 2017 a coin in similar condition albeit, better centered, sold for $2,200+. I guess the right buyers came together for the 2017 auction. But even so, that is a huge fluctuation!!!</p><p><br /></p><p>Incidentally, these huge fluctuations seem more prevalent in Ancient coins rather than modern ones. Does this mean modern coins have more defined prices and a more devoted customer base?? An upsetting thought!!!</p><p><br /></p><p>[ATTACH=full]632606[/ATTACH] [ATTACH=full]632607[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="1934 Wreath Crown, post: 2756785, member: 76965"]Well I suppose it all has to do with several factors like the auction house/site, description, venue and other factors like buyers egos and rivalry etc. Sometimes the 'right' type of buyers notice/track the coin and bidding is strong....other times it flops. I've seen numerous cases where very similar coins are sold by the same auction house for huge price differences in less than 6 months. Political or financial uncertainty at the time of the auction also plays a huge part. Few months ago prices were softer but now they are beginning to come back. I personally bought this coin on eBay for approx $667 in September 2016. The seller had purchased the exact same coin (NGC Certificate number) for $940 in April 2016 from a reputable auction house. That's a 30% drop on his buying price, almost 50% on selling price in just 6 months. In April 2017 a coin in similar condition albeit, better centered, sold for $2,200+. I guess the right buyers came together for the 2017 auction. But even so, that is a huge fluctuation!!! Incidentally, these huge fluctuations seem more prevalent in Ancient coins rather than modern ones. Does this mean modern coins have more defined prices and a more devoted customer base?? An upsetting thought!!! [ATTACH=full]632606[/ATTACH] [ATTACH=full]632607[/ATTACH][/QUOTE]
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