Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Two Byzantine Solidii from Heritage Auction 3085
>
Reply to Thread
Message:
<p>[QUOTE="Al Kowsky, post: 4721965, member: 97383"]John, You're right, there are many collectors & dealers bidding for clients who are willing to overpay for what they want <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie98" alt=":wacky:" unselectable="on" unselectable="on" />. They are distorting the market & ruing the hobby for the rest of us <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie88" alt=":sour:" unselectable="on" unselectable="on" />. Don't forget that Heritage is now charging sales tax on top of the 20% surcharge for buyers. In N.Y.S. where I live that means 28% on top of hammer price <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />! All the major auction houses have a cadre of idiots willing to overpay for what they want <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />. The modern American coin market is much worse ever since the phenomenon of "registry collecting" began, where collectors compete with each other for the highest graded coins. For example see the coin below.</p><p><br /></p><p>[ATTACH=full]1157051[/ATTACH] </p><p><br /></p><p>This coin is being offered by G.C. this Sunday & has 5 bidders who have pushed the price up to $1,262.00 so far. The mintage on the coin is over 37,000,000 & PCGS has 40 of these coins listed for that grade. In 2014 Heritage sold one of these coins for $3,818.75 <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie57" alt=":jawdrop:" unselectable="on" unselectable="on" />! I'll be curious to see what this coin sells for <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie85" alt=":smuggrin:" unselectable="on" unselectable="on" />.[/QUOTE]</p><p><br /></p>
[QUOTE="Al Kowsky, post: 4721965, member: 97383"]John, You're right, there are many collectors & dealers bidding for clients who are willing to overpay for what they want :wacky:. They are distorting the market & ruing the hobby for the rest of us :sour:. Don't forget that Heritage is now charging sales tax on top of the 20% surcharge for buyers. In N.Y.S. where I live that means 28% on top of hammer price :eek:! All the major auction houses have a cadre of idiots willing to overpay for what they want :rolleyes:. The modern American coin market is much worse ever since the phenomenon of "registry collecting" began, where collectors compete with each other for the highest graded coins. For example see the coin below. [ATTACH=full]1157051[/ATTACH] This coin is being offered by G.C. this Sunday & has 5 bidders who have pushed the price up to $1,262.00 so far. The mintage on the coin is over 37,000,000 & PCGS has 40 of these coins listed for that grade. In 2014 Heritage sold one of these coins for $3,818.75 :jawdrop:! I'll be curious to see what this coin sells for :smuggrin:.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Two Byzantine Solidii from Heritage Auction 3085
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...