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<p>[QUOTE="GoldFinger1969, post: 26679161, member: 73489"]If it's a unique coin or tough-to-get coin that could/should explain the pricing.</p><p><br /></p><p>For common coins that you see all the time -- in my case, common Saints in Gem Quality grade -- I see pricing holding to FMV with pretty good consistency. Even for higher grades -- MS-66 and MS-67 -- where the reserve or starting bid is too high, I see it going without any activity. <b> I am not seeing "stupid" buyers pay above market</b>.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p><b><span style="color: #0000ff">Here's another reason for the higher bidding: </span></b> in ABSOLUTE $$$, the price is still affordable. Alot of new collectors or new keyboard players would rather pay $750 for a coin worth $400 than get a 5% discount on a coin that will cost $4,800. During Covid, we saw "affordability" buyers drive up the prices of some coins as well as Large Denomination Currency bills in mid-grades, where they were affordable. I believe Morgans under $300 also saw big interest.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 26679161, member: 73489"]If it's a unique coin or tough-to-get coin that could/should explain the pricing. For common coins that you see all the time -- in my case, common Saints in Gem Quality grade -- I see pricing holding to FMV with pretty good consistency. Even for higher grades -- MS-66 and MS-67 -- where the reserve or starting bid is too high, I see it going without any activity. [B] I am not seeing "stupid" buyers pay above market[/B].:D [B][COLOR=#0000ff]Here's another reason for the higher bidding: [/COLOR][/B] in ABSOLUTE $$$, the price is still affordable. Alot of new collectors or new keyboard players would rather pay $750 for a coin worth $400 than get a 5% discount on a coin that will cost $4,800. During Covid, we saw "affordability" buyers drive up the prices of some coins as well as Large Denomination Currency bills in mid-grades, where they were affordable. I believe Morgans under $300 also saw big interest.[/QUOTE]
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