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<p>[QUOTE="-jeffB, post: 2655173, member: 27832"]Sounds like you've found an exploitable <b>market inefficiency</b>.</p><p><br /></p><p>If the buying power in the room can be sucked up by less than $30K of "near melt" value, this auction is constrained by access. It doesn't by any means imply that "fair market value" for these coins is near melt; instead, it implies that <i>these coins are likely to sell WELL BELOW market value.</i></p><p><i><br /></i></p><p>I like hearing about stuff like this (even if it does make me homesick for Lancaster Co.), but I'm obliged to point out that if <b>word gets out</b> that there are consistent opportunities for deeper-pocketed -- dare I say it? -- "flippers" to spend $30K on a batch that they can quickly sell for $40K, you're likely to see attendance and realized prices at these auctions start to climb.</p><p><br /></p><p>I know they haven't climbed yet; these auctions are still mostly hidden treasures. Is it in your interest to bring them more publicity?[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2655173, member: 27832"]Sounds like you've found an exploitable [B]market inefficiency[/B]. If the buying power in the room can be sucked up by less than $30K of "near melt" value, this auction is constrained by access. It doesn't by any means imply that "fair market value" for these coins is near melt; instead, it implies that [I]these coins are likely to sell WELL BELOW market value. [/I] I like hearing about stuff like this (even if it does make me homesick for Lancaster Co.), but I'm obliged to point out that if [B]word gets out[/B] that there are consistent opportunities for deeper-pocketed -- dare I say it? -- "flippers" to spend $30K on a batch that they can quickly sell for $40K, you're likely to see attendance and realized prices at these auctions start to climb. I know they haven't climbed yet; these auctions are still mostly hidden treasures. Is it in your interest to bring them more publicity?[/QUOTE]
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