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Why is Morgan Dollar numismatic value dropping?
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<p>[QUOTE="GoldFinger1969, post: 4041004, member: 73489"]But my point is that unless you get "strong hands" buyers who want to own coins long-term (years or decades) -- i.e., THE PUBLIC -- you can't have 100 dealers at a coin show all selling each other their stuff at minimal markup (if any) and making a profit, right ? In fact, they can't all be dealing with one another (that 80% you cite) and selling at a LOSS, either. Pretty much net-net they're breaking even dealing with one another -- it's a zero-sum game.</p><p><br /></p><p>So you need the public to buy and move prices up, or if prices are falling, it's probably a good indicator (in fact, it MUST be the case) that the public is a net seller of coins (or we are still burning off the excess of a previous bubble, something I have talked about before).</p><p><br /></p><p>Again, dealers aren't in business to break-even or lose money....a loss here or there might make sense but too many losses among too many dealers would indicate public liquidation of coins net-net.</p><p><br /></p><p>I don't know if they are "low" but they seem realistic. I do see that the lower bound of the estimate seems to be the dividing line where you don't go much above except in rare cases. When you add in all the other taxes and fees, buying at the lower bound means you pay closer to the upper in many cases. Or even above it.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4041004, member: 73489"]But my point is that unless you get "strong hands" buyers who want to own coins long-term (years or decades) -- i.e., THE PUBLIC -- you can't have 100 dealers at a coin show all selling each other their stuff at minimal markup (if any) and making a profit, right ? In fact, they can't all be dealing with one another (that 80% you cite) and selling at a LOSS, either. Pretty much net-net they're breaking even dealing with one another -- it's a zero-sum game. So you need the public to buy and move prices up, or if prices are falling, it's probably a good indicator (in fact, it MUST be the case) that the public is a net seller of coins (or we are still burning off the excess of a previous bubble, something I have talked about before). Again, dealers aren't in business to break-even or lose money....a loss here or there might make sense but too many losses among too many dealers would indicate public liquidation of coins net-net. I don't know if they are "low" but they seem realistic. I do see that the lower bound of the estimate seems to be the dividing line where you don't go much above except in rare cases. When you add in all the other taxes and fees, buying at the lower bound means you pay closer to the upper in many cases. Or even above it.[/QUOTE]
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Why is Morgan Dollar numismatic value dropping?
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