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<p>[QUOTE=&quot;dougsmit, post: 2074421, member: 19463&quot;]That may be true but we also see examples of coins (the exact specimen) that have sold at auction (according to listings like acsearch) but we bought from a dealer for less than the price realized not even counting buyer&#039;s fee or postage.&nbsp; That suggests one of two things.&nbsp; Either the acsearch listing is a lie and the coin did not sell for that much but was wholesaled to a dealer who picks up &#039;remainders&#039; for less or someone did buy the coin and later resold it at a loss.&nbsp; I&#039;m sure both happen and I would love to feel comfortable knowing which is which.&nbsp;&nbsp; If I die today and my wife sends my coins to be auctioned, there is no guarantee that the coin I bought last year or in 1985 will sell again for as much.&nbsp; If she sells the whole batch to a dealer at shows (we all see this happen at shows), a dealer could well not care that the coin once sold for $1000 but only know they paid $100 so selling for $500 would seem a good profit.&nbsp;&nbsp; </p><p><br /></p><p>Auctions were a lot more fun for me when fewer knowledgeable employees worked for the big sellers.&nbsp; There was a day when I could find Septimius Severus sleepers from Harlan Berk but he hired Curtis Clay and that put an end to that.[/QUOTE]</p><p><br /></p>

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