Message:

<p>[QUOTE=&quot;-jeffB, post: 4041075, member: 27832&quot;]These discussions are leaving out a critical part of the Numismatic Circle of Life.</p><p><br /></p><p>None of us live forever, and none of us can take our collections with us when we go. Some of us sell off our collections while we&#039;re still sharp, and get reasonable prices -- but many leave their coins without instructions to heirs who are completely uninterested in them, and those heirs either <i>cash them in at the bank</i>, or take them to a dealer who offers a small fraction of their value.</p><p><br /></p><p>And, of course, some coins get stolen, and again &quot;re-enter the market&quot; at a hefty discount.</p><p><br /></p><p>I just finished selling off a couple heavy bags of common silver for a friend. Her father tucked them away in tobacco cans. It was over $1500 worth at today&#039;s prices; she was expecting a few hundred. If she&#039;d walked into any shop, I give 80% odds that the first words out of the dealer&#039;s mouth would be some variant on &quot;what do you want for them?&quot; (I&#039;ve been in shops before). If she said &quot;$500&quot;, a <i>few</i> dealers might say &quot;oh, they&#039;re worth more than that&quot; -- but I&#039;m betting most would say &quot;all right&quot; (possibly after a skeptical scowl), and some would say &quot;best I can do is $200&quot;.</p><p><br /></p><p>I don&#039;t know if this part of the business exerts significant downward pressure on things like nicer Morgans. But I can&#039;t pretend that it doesn&#039;t happen.[/QUOTE]</p><p><br /></p>

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