Message:

<p>[QUOTE=&quot;Vegas Vic, post: 1990638, member: 58810&quot;]This seems to really hang people up. The larger the market the better the prices. People here have read this thread and said things about how most coins in ebay or whatever venue are overpriced. I agree with this statement just as much as I agree that most coins at a coin show are also overpriced. But just as the examples of great deals found at shows are displayed so are the online ones.</p><p><br /></p><p>Some people reading this thread are acting like the online buyer is basically choosing at random coins off ebay or wherever. But that makes as much sense as buying coins at shows randomly. The key is the hunt. This is what makes coins fun. Hunting through example after example. Finding the one both priced right and also quality.</p><p><br /></p><p>The difference is that at a show there are a few thousand coins. Online there are millions.</p><p><br /></p><p>Now leverage this with the new collector. A hypothetical example. A guy goes to a show. Only one of the dealers has an item that got stuck in the guys head. A Norse. So the guy looks at the one dealer and there are six examples in the case. The market 20 years ago would have only allowed this hypothetical guy to buy at this show because he doesn&#039;t go to large coin shows out of state and he doesn&#039;t want to go strictly to a national coin show on vacation, he would rather spend the time with his family at Disneyland or wherever.</p><p><br /></p><p>So if he wanted a Norse it was lcs or these smaller shows. Now the dealer wants $310 for his thick pcgs ms 63 coin. The guy picked it up and examines it. Nothing special. Not toned. But seems high.</p><p><br /></p><p>In Yesterday&#039;s would it would be either buy the coin there or never. Maybe it would be offered at a show our hypothetical guy goes to in the future. But he had heard of them he had rarely seen them. In yesterday&#039;s world the story ends with the guy either spending $315 or nothing.</p><p><br /></p><p>In today&#039;s world our hypothetical guy busts out his iphone and first checks coinfacts. At the time he looks $210 was the least amount of money and pcgs ms 63&#039;s sold for in the recent referenced auction files.</p><p><br /></p><p>In today&#039;s world after a few minutes our guy has found a very similar coin white ms 63 and found it for $210. Yes Doug same coin. Exact same coin.</p><p><br /></p><p>Was this the very best price ever? Probably not. But it was the best price over the internet at the time. Please keep your &quot;not the same&quot; comments to your self. It is a low grade relatively common coin with not a huge spread to 64.</p><p><br /></p><p>Our hypothetical guy goes home and a few days later a coin comes in the mail. Same coin but for much less. It was probably sold by one of those &quot;dealers&quot;. But to be honest our guy doesn&#039;t care. All he cares about is having the same coin at the better price.</p><p><br /></p><p>Given that the very lowest recent sale was at $210 and his price was $210, the exposure seems limited. Further the hypothetical guy <b>gets to return the coin if it is a dud</b>, which it wasn&#039;t.</p><p><br /></p><p>Maybe somewhere in the universe there is a dealer who would have given him a better price had they had a relationship. But our guy seems to have done well. Certainly better then buying the Norse at the show.</p><p><br /></p><p>None of what happened above was available to a coin show customer 20 years ago. The information was simply not available as it is today.&nbsp; But in today&#039;s world not only did the guy find out the recent trading range was in the low 200&#039;s for the 63 but he was able to find one cheap. At least cheaper then anyone else at the show was selling for. Now as luck would have it our hypothetical guy also buys a pattern for full retail because it is a gorgeous pattern and it is a coinfacts example coin. Something our hypothetical guy can&#039;t resist. Just a thing of beauty. Our guy buys both a generic coin online and also a r7 pattern from this hypothetical chick dealer <b>at a coin show</b> who posts on her blog and some websites.</p><p><br /></p><p>This is the point that the younger guys are trying to get across. In today&#039;s world every dealer has to compete with every other dealer in the world all at the same time and just to kick it up a notch the dealer also has to compete with direct customer to customer transactions. One show dealer lost. Another show dealer did sell a coin to mr. Hypothetical. The larger the free market the more it favors the buyer.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in