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What to make of Cederlind price on coin insert from CNG
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<p>[QUOTE="Sallent, post: 2438718, member: 76194"]I think I have an old example of dealers marking up their coins astronomically in the hopes of getting a good payout.</p><p><br /></p><p>[ATTACH=full]507802[/ATTACH]</p><p><br /></p><p>I bought this Junius Silanus denarius for around $170 including shipping. Civitas Galleries wanted $195 originally.</p><p><br /></p><p>[ATTACH=full]507803[/ATTACH]</p><p><br /></p><p>Now, that in itself is not the unreasonable price. That was provided by the second tag that came with the coin, courtesy of Joel Malter on January 23, 1975, and NFA prior to him.</p><p><br /></p><p>[ATTACH=full]507804[/ATTACH]</p><p><br /></p><p>Joel tried to sell this coin, which can be bought anywhere today for around $160-$190 for $79.50, which in today's money is an eye watering $483.76. Probably not his fault and he was trying to recoup his money after overpaying for it from the previous person who paid an eye popping $75 for to NFA sometime back in the late 60's or early 70's from a mail order catalog (sight unseen), which would probably equal around $520+ in today's money. How you spend that kind of money over the mail for a description of a coin, sight unseen, is amazing to someone from my generation used to internet sales with high res digital photography.</p><p><br /></p><p>Anyway, I'm to conclude one of two things here: That either Joel Malter didn't do his research and overpaid (despite being a skilled dealer), and tried to pass it off for a small profit without bothering to disguise how much he overpaid for it to begin with, or you seasoned veterans were paying crazy prices for common Roman silver back in the day. Not sure which.[/QUOTE]</p><p><br /></p>
[QUOTE="Sallent, post: 2438718, member: 76194"]I think I have an old example of dealers marking up their coins astronomically in the hopes of getting a good payout. [ATTACH=full]507802[/ATTACH] I bought this Junius Silanus denarius for around $170 including shipping. Civitas Galleries wanted $195 originally. [ATTACH=full]507803[/ATTACH] Now, that in itself is not the unreasonable price. That was provided by the second tag that came with the coin, courtesy of Joel Malter on January 23, 1975, and NFA prior to him. [ATTACH=full]507804[/ATTACH] Joel tried to sell this coin, which can be bought anywhere today for around $160-$190 for $79.50, which in today's money is an eye watering $483.76. Probably not his fault and he was trying to recoup his money after overpaying for it from the previous person who paid an eye popping $75 for to NFA sometime back in the late 60's or early 70's from a mail order catalog (sight unseen), which would probably equal around $520+ in today's money. How you spend that kind of money over the mail for a description of a coin, sight unseen, is amazing to someone from my generation used to internet sales with high res digital photography. Anyway, I'm to conclude one of two things here: That either Joel Malter didn't do his research and overpaid (despite being a skilled dealer), and tried to pass it off for a small profit without bothering to disguise how much he overpaid for it to begin with, or you seasoned veterans were paying crazy prices for common Roman silver back in the day. Not sure which.[/QUOTE]
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What to make of Cederlind price on coin insert from CNG
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