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<p>[QUOTE="pprp, post: 7532674, member: 94602"]I have actually never sold any of my coins; except for one that was not even in my hands and got traded while still at the auctioneer. I am saying this as some people here were implying that I am a dealer or a scalper.</p><p><br /></p><p>Technically the coin is indeed slightly off center. Is it worthy of a collection? Depends on who collects it and why. My priority was to have a very well struck lion head. I failed 4 or 5 times to get one until I won this one for a relatively modest price - 2200euro hammer. The ones I really liked more and would be an upgrade hammered 5000. Lets calculate a bit what would have happened if I followed the advice I was given:</p><p><br /></p><p>Assuming that my coin would hammer the same price 2200 and I could get one I liked for a hammer of 5000. Consignment fee 15% and buyers fee 20%</p><p><br /></p><p>I would have lost 770 euros from the consignment</p><p>The first auctioneer would have won 770 euros.</p><p>The second auctioneer would have won 1750 euros.</p><p>I would have paid in total 6000+770 loss=6770euros.</p><p><br /></p><p>If I kick the bucket and my inheritors consign and the hammer is the same 5000, they would get back 4250.</p><p>So total loss from the original coin and the upgrade = 2520 euros. So my options really are keep the original coin and eventually lose 770 or upgrade and lose 2520 euros.</p><p><br /></p><p>The system is made in a way that the auctioneers win and the collectors lose. Mistakes corrected by later upgrades are very costly. There must be a disruptive way to enable collectors trade coins outside the system. More coins would then change hands easily and more collectors would be happier.[/QUOTE]</p><p><br /></p>
[QUOTE="pprp, post: 7532674, member: 94602"]I have actually never sold any of my coins; except for one that was not even in my hands and got traded while still at the auctioneer. I am saying this as some people here were implying that I am a dealer or a scalper. Technically the coin is indeed slightly off center. Is it worthy of a collection? Depends on who collects it and why. My priority was to have a very well struck lion head. I failed 4 or 5 times to get one until I won this one for a relatively modest price - 2200euro hammer. The ones I really liked more and would be an upgrade hammered 5000. Lets calculate a bit what would have happened if I followed the advice I was given: Assuming that my coin would hammer the same price 2200 and I could get one I liked for a hammer of 5000. Consignment fee 15% and buyers fee 20% I would have lost 770 euros from the consignment The first auctioneer would have won 770 euros. The second auctioneer would have won 1750 euros. I would have paid in total 6000+770 loss=6770euros. If I kick the bucket and my inheritors consign and the hammer is the same 5000, they would get back 4250. So total loss from the original coin and the upgrade = 2520 euros. So my options really are keep the original coin and eventually lose 770 or upgrade and lose 2520 euros. The system is made in a way that the auctioneers win and the collectors lose. Mistakes corrected by later upgrades are very costly. There must be a disruptive way to enable collectors trade coins outside the system. More coins would then change hands easily and more collectors would be happier.[/QUOTE]
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