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<p>[QUOTE="DonnaML, post: 5288754, member: 110350"]My point was that Mr. Waddell's coins are beautiful to look at; I specifically mentioned that his coins are expensive.</p><p><br /></p><p>But I suspect that many, if not most, dealers omit the most recent auction history if that's how they acquired the coin. It's true of a number of coins I've bought from various dealers. And I see nothing wrong with it. Obviously dealers want to make a profit. And since when are sellers of any goods in the habit of disclosing their own cost? Besides, a 2020 or 2019 provenance is not old enough to increase the value or marketability of a coin, the usual purpose of listing provenance history.</p><p><br /></p><p>Anyway, we all have the ability to do our own research and decide if a price asked is a "fair price." It's not as if dealers have exclusive access to acsearch. For example, I recently saw a coin listed on VCoins that I really want, for a very high price -- at least for me. Buying it at the price asked would break the $1,000 barrier for me; I've never paid that much for a single ancient coin. There was no provenance given, so I researched the type on acsearch and discovered that this very coin sold at auction in 2019 for less than half of the price now asked.</p><p><br /></p><p>So I wrote to the dealer (I won't identify either him or the coin) and asked if he was willing to give me any kind of discount, in light of the fact that the coin sold less than two years ago for significantly less. (I didn't suggest, and am not suggesting, that he bought the coin himself at that price, because of course I have no way of knowing if there was anyone in between.) His response was to tell me that no, he doesn't give any discounts unless a coin has been listed and remains unsold for at least six months. As for the previous price, he said that he bought the coin for what he considers a bargain price, and believes that the price he asks now is more than justified.</p><p><br /></p><p>As far as I'm concerned, he's entitled to ask what he thinks is a fair price, and I'm entitled to decide whether to meet that price. A fair price, after all, is nothing more than the price agreed between a willing buyer and a willing seller, assuming that each has access to relevant information affecting market value. Maybe I'll eventually decide to meet his price, and maybe not. Or it'll go unsold for six months and he'll apply a discount. Or someone else will buy it in the meantime. I don't see anything wrong or "unfair" about how this dealer -- or Mr. Waddell -- is proceeding.[/QUOTE]</p><p><br /></p>
[QUOTE="DonnaML, post: 5288754, member: 110350"]My point was that Mr. Waddell's coins are beautiful to look at; I specifically mentioned that his coins are expensive. But I suspect that many, if not most, dealers omit the most recent auction history if that's how they acquired the coin. It's true of a number of coins I've bought from various dealers. And I see nothing wrong with it. Obviously dealers want to make a profit. And since when are sellers of any goods in the habit of disclosing their own cost? Besides, a 2020 or 2019 provenance is not old enough to increase the value or marketability of a coin, the usual purpose of listing provenance history. Anyway, we all have the ability to do our own research and decide if a price asked is a "fair price." It's not as if dealers have exclusive access to acsearch. For example, I recently saw a coin listed on VCoins that I really want, for a very high price -- at least for me. Buying it at the price asked would break the $1,000 barrier for me; I've never paid that much for a single ancient coin. There was no provenance given, so I researched the type on acsearch and discovered that this very coin sold at auction in 2019 for less than half of the price now asked. So I wrote to the dealer (I won't identify either him or the coin) and asked if he was willing to give me any kind of discount, in light of the fact that the coin sold less than two years ago for significantly less. (I didn't suggest, and am not suggesting, that he bought the coin himself at that price, because of course I have no way of knowing if there was anyone in between.) His response was to tell me that no, he doesn't give any discounts unless a coin has been listed and remains unsold for at least six months. As for the previous price, he said that he bought the coin for what he considers a bargain price, and believes that the price he asks now is more than justified. As far as I'm concerned, he's entitled to ask what he thinks is a fair price, and I'm entitled to decide whether to meet that price. A fair price, after all, is nothing more than the price agreed between a willing buyer and a willing seller, assuming that each has access to relevant information affecting market value. Maybe I'll eventually decide to meet his price, and maybe not. Or it'll go unsold for six months and he'll apply a discount. Or someone else will buy it in the meantime. I don't see anything wrong or "unfair" about how this dealer -- or Mr. Waddell -- is proceeding.[/QUOTE]
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