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Message:: [QUOTE="Juan Blanco, post: 1561220, member: 41665"]I read this more precisely as "How will Mark Feld respond to my offer?" No one here can answer that with certainty, even if they've had a highly similar situation with the same man. In business a nice disposition and flattery can't hurt, and face-to-face or phone calls are usually better than email. But I'll also say this (not referencing Mark Feld or anyone in particular) : many coin dealers are real curmudgeons. So how does a buyer successfully haggle with a prickly seller? That's the million dollar question, what's the best way to finesse the Buy. On the PM coin business climate:fwiw, the PCGS Key Dates and Rarities Index (however useful that is) is basically flat, down -2.4% over the last 3 years. Meanwhile, Gold (GLD) is UP +80% in the same period. <a href="http://www.pcgs.com/prices/Graph.aspx?range=3 years&filename=keys" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pcgs.com/prices/Graph.aspx?range=3 years&filename=keys" rel="nofollow">http://www.pcgs.com/prices/Graph.aspx?range=3 years&filename=keys </a> Ergo: trading Gold for Coin should be better now than before! Lucky you. Another question to my mind is whether or not bullion is generally easier to trade for (numismatic) coin w/ moderate PM volatility. My hunch is that - generally speaking - rising bullion price (at relatively high POG) warrants discounting the soft-value of collectible Gold coins. So how did avg numismatic values fluctuate in these periods, below? Again, by my read the 3-Yr PCGS chart looks to favor coin BUYERS, not Sellers in the near term. Using GLD as a quick-&-dirty scrolling proxy, maybe someone has better insights to any Gold Coin Price correlation in the last Quarter of the Year:In Sept-Dec 2011, Gold fell -15% In Sept-Dec 2010, Gold rose +14%In Sept-Dec 2009, Gold rose +15%In Sept-Dec 2008, Gold rose + 6%In Sept-Dec 2007, Gold rose +28%In Sept-Dec 2006, Gold rose + 2%In Sept-Dec 2005, Gold rose +18% A more general observation on the Gold Bullion market:I think the absence of Gold Seasonality (May-October) is eerie. On average, Gold's 'Summer' Seasonality exhibits a -9% pullback over 18 weeks. We've now had two successive years without a Seasonal pullback (May-October.) Based on the last 40 years or so, that extraordinarily BULLISH sign of gives some confidence that Gold (bullion) is better than Money (Paper) in trade transactions and for the medium term (5 Year) expectation, POG.* fwiw, there were some HUGE (-25%) seasonal swings in another solid Gold Bull Market, see 1973 and 1975. I also suppose this means Gold's parabolic move is still some ways off, at least 4 years. We shall see. Relatively speaking and 'trend intact,' circumstances favored the Gold Coin 'bullion trader' who kept his/her powder dry. The tepid chart of PCGS Key Dates and Rarities Index doesn't suggest Buyers will lose the advantage any time soon. I'm not saying dealers must agree to anyone's low-ball trade offer, however. A seller's ability or willingness to accomodate (discount) is driven by his/her particular circumstances &market outlook. And that's why a solid relationship with a reputable dealer is invaluable, IMO.... 'Special Price for Friends.' *Caveat? Another stage of deflationary collapse like 2008 - "the Black Swan" - should drop POG at least -25%. No idea how sensitive the premium on numismatic value is to something like that, either.[/QUOTE]

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