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<p>[QUOTE=&quot;Lehigh96, post: 518889, member: 15309&quot;]Based on the coins that I bid on in the Long Beach Auction, I didn&#039;t see any softness in the market.&nbsp; Now I know that I bid on the crazy rainbow toned coins, but from what everyone has always told me, these are the coins that should suffer in this type of market.&nbsp; I have been told for years that the toned coin market is inflated and is going to crash and the moon money that myself and others pay is going to drop like a dead bug.&nbsp; I don&#039;t know when this is supposed to happen, but I can say it has not happened yet.&nbsp; Let us take a look at two of the coins I bid on last week.</p><p><br /></p><p>First is a 1945-S NGC MS67* Jefferson Nickel with a Numismedia Wholesale price of $56.&nbsp; I bid $1100 (($1265 w BP) and the coin sold for $1300 ($1495 w BP).&nbsp; That price is over 25X wholesale.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/CoinTalk%20Jefferson%20War%20Nickels/1945-SNGCMS67Star.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><a href="http://coins.ha.com/common/view_item.php?Sale_No=1122&amp;Lot_No=7914" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1122&amp;Lot_No=7914" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=1122&amp;Lot_No=7914</a></p><p><br /></p><p>The second coin I bid on was a 1923-S NGC MS64 Peace Dollar with a Numismedia Wholesale price of $260.&nbsp; I bid $850 ($977 w BP) and the coin sold for $900 ($1035 w BP).&nbsp; Over 4X wholesale.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/CoinTalk%20Peace%20Dollars/1923-SNGCMS64.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><a href="http://coins.ha.com/common/view_item.php?Sale_No=1122&amp;Lot_No=9374" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1122&amp;Lot_No=9374" rel="nofollow">http://coins.ha.com/common/view_item.php?Sale_No=1122&amp;Lot_No=9374</a></p><p><br /></p><p><br /></p><p>I have no doubt that the economy will have a serious impact on the coin market, but I don&#039;t think it has fully happened yet.&nbsp; My guess is that common material will suffer first and high quality eye appealing items will be the last to feel the effects.&nbsp; JMO.[/QUOTE]</p><p><br /></p>

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