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The "Deal Shopping" Mentality - Helpful Insights for the New Collectors
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<p>[QUOTE="CentDime, post: 699806, member: 7297"]Guys, I actually don't have a problem with people that price shop for coins as long as they understand they are probably going to get lower quality coins and can accept that.</p><p><br /></p><p>Not everyone that is price shopping is making a mistake, and I actually think BnB was right in his first assessment to some extent.</p><p><br /></p><p>Some dealers do charge a much higher premium regardless of the quality of the piece IMO, and some don't. Kind of like stores, you can go down Rodeo Drive or to WalMart.</p><p><br /></p><p>Also I don't see the market as always being efficient when it comes to pricing coins. Pricing can be juiced by outside influences or if someone picks a bad ending time on an auction it can go for less than its true value.</p><p><br /></p><p>A lot of knowledgeable people have been burned by buying high priced coins, let us not forget that. How many have AT coins right now that paid a premium for the toning and simply got taken? Anyway I agree though that quality is something to strive to own, and if one is serious about a collection they should buy quality coins.[/QUOTE]</p><p><br /></p>
[QUOTE="CentDime, post: 699806, member: 7297"]Guys, I actually don't have a problem with people that price shop for coins as long as they understand they are probably going to get lower quality coins and can accept that. Not everyone that is price shopping is making a mistake, and I actually think BnB was right in his first assessment to some extent. Some dealers do charge a much higher premium regardless of the quality of the piece IMO, and some don't. Kind of like stores, you can go down Rodeo Drive or to WalMart. Also I don't see the market as always being efficient when it comes to pricing coins. Pricing can be juiced by outside influences or if someone picks a bad ending time on an auction it can go for less than its true value. A lot of knowledgeable people have been burned by buying high priced coins, let us not forget that. How many have AT coins right now that paid a premium for the toning and simply got taken? Anyway I agree though that quality is something to strive to own, and if one is serious about a collection they should buy quality coins.[/QUOTE]
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