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<p>[QUOTE="Carausius, post: 5289767, member: 76440"]Totally disagree. I disagree every time this subject comes up. The combination of government regulation and live internet auctions have effectively squeezed dealers for sources of new material. Government regulations have dried-up hoard sources. Historically, auctions were primarily bid by dealers on behalf of clients and for their stock. Now said dealers are competing for every coin against two-bit collectors like me from across the globe. In effect, collectors are treading on their territory, not the other way around. And now the results of those auctions are available for all to see, making the dealers' retail job even harder. Dealers recognize value and profit margin. They will bid a coin up to where they think they can make a fair profit. Prices are currently very strong, in part because the COVID pandemic has collectors at home with more time to bid. As a result, dealers have to bid even stronger for stock. Add to this general internet and regulatory pressure the fact that coin shows have been cancelled for most of the past year and for much of 2021, which eliminates another source of dealer stock - other dealers and vest pocket sellers. </p><p><br /></p><p>If you are routinely losing to dealers, you are not bidding high enough. In any case, you must accept that dealers are your competitors in every auction, and understand why.[/QUOTE]</p><p><br /></p>
[QUOTE="Carausius, post: 5289767, member: 76440"]Totally disagree. I disagree every time this subject comes up. The combination of government regulation and live internet auctions have effectively squeezed dealers for sources of new material. Government regulations have dried-up hoard sources. Historically, auctions were primarily bid by dealers on behalf of clients and for their stock. Now said dealers are competing for every coin against two-bit collectors like me from across the globe. In effect, collectors are treading on their territory, not the other way around. And now the results of those auctions are available for all to see, making the dealers' retail job even harder. Dealers recognize value and profit margin. They will bid a coin up to where they think they can make a fair profit. Prices are currently very strong, in part because the COVID pandemic has collectors at home with more time to bid. As a result, dealers have to bid even stronger for stock. Add to this general internet and regulatory pressure the fact that coin shows have been cancelled for most of the past year and for much of 2021, which eliminates another source of dealer stock - other dealers and vest pocket sellers. If you are routinely losing to dealers, you are not bidding high enough. In any case, you must accept that dealers are your competitors in every auction, and understand why.[/QUOTE]
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