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<p>[QUOTE=&quot;kirispupis, post: 7989418, member: 118780&quot;]The following story may illustrate a point.</p><p><br /></p><p>I don&#039;t invest in ancient coins, but I do invest in real estate. My wife is a RE agent, and some years ago she listed a home for $500k. It was worth roughly that much. Numerous parties were interested in it, and finally a Chinese buyer offered $900k cash, and won it. FWIW, that home is now worth over $2M.</p><p><br /></p><p>She later travelled to China (twice) to work with buyers there, and learned a bit about their habits. They tended to invest only in certain markets, and only specific neighborhoods and home types within those markets. Her house was in one of those neighborhoods, and since they also tend to not have a strong understanding of prices, they bid more in terms of their means than the market.</p><p><br /></p><p>Until about two years ago, Chinese buyers dominated in our area. Recently, though, they&#039;ve been getting outbid by Californians, who see our area as well-priced compared to CA.</p><p><br /></p><p>Now, my wife and I invest in real estate. Do we just outbid the Californians? No. We buy very different things, and have done very well with that. While we have been seeing more competition from NYC investment groups, we don&#039;t worry today about Chinese or Californians.</p><p><br /></p><p>What does this have to do with coins? Recently, I won a nice bronze at auction. It doesn&#039;t look great, but only 7 copies were listed on ACSearch and it&#039;s a critical component of my story goal. I got it for roughly the estimate.</p><p><br /></p><p>So, if you <i>do</i> decide today to compete on the nicest-quality well-known coins out there, you&#039;re likely to compete against some well-heeled foreign buyers. However, if you <i>focus</i> on what you&#039;re buying and you grow your collection through research and painful searching, you&#039;ll find there are still many decently priced coins available.</p><p><br /></p><p>In that case, you don&#039;t really need to worry about a few coins receiving ridiculous prices or people paying too much for slabs.[/QUOTE]</p><p><br /></p>

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