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<p>[QUOTE=&quot;krispy, post: 1897056, member: 19065&quot;]I don&#039;t begrudge others for selling coins at a profit or businesses from serving demand, that would be too easy to read into my previous comments. Mine were more of taking a look at the reality of value proportion and the distortion initial aftermarket pricing causes. Such expectations do more harm than good to the hobby.&nbsp; When faced with ridiculous profit most quickly sell out, loosing focus of the core of what they are doing. Then it becomes profit first, collection later. As Joe said, as a last resort with his gamble, the coins are for the collection. As he cited the E.P.Newman sale, I&#039;ll point to a great article CoinWeek just did on how poorly flippers fared in their expectatons when trying to milk sales of these coins through eBay auctions initiated as soon as the coins arrived from Heritage. Why keep trying to one up the prices? The consumer doesn&#039;t just consume, they are now trained and led to compete and that same competition becomes marketable (hyped) raising expectations and forgetting what new products are worth so agree to pay more for then upon the next release and cycle of wild spending. Yesterday Cabbage Patch dolls or bobble heads, this weeks topic coins, tomorrow anything and everything else. Why must this hobby and everything else people entertain themselves with be turned into a fight.</p><p><br /></p><p>Many feel the Mint&#039;s premium an excessive mark up, but some defend the costs of design, production, marketing and distribution to consumers. Knowing that the Mint already managed to profit and TPGs will have a slice as well, how much greater increase does one really need to take from these things that have no historical basis for maintaining these values. It&#039;s the wildly hopeful BINs now that show the detachment from reality and desire to grab more from others. These latest coins are far from the rarest modern commemorative coins from the U.S. Mint and yet we see a BIN of nearly 10 times retail prices was set. The proof cited earlier for nearly $5K isn&#039;t the lowest minted coin even in the series, the uncirculated gold coin (as usual) is turning out to be lowest. The move to assert greater values on event labels and create a niche of higher value coins is the most exploitative area of all. I&#039;m not against earning a profit, and if these latest coins are indeed <i>that</i> hot as the wishful BIN price suggests, then start the bidding at what was paid for them plus slabbing and watch the prices climb. Ratcheting up the figure forces potential buyers into offering an unrealistic price, essentially fearing something too far below the BIN price would be unacceptable. But as I joked, the initial BIN was already adjusted down and offers have been getting declined. Values are distorted. The window of opportunity is closing as delivery of the bulk of the inventory nears, and that rush of selling at such elated prices felt over the past week is also beginning to dwindle.[/QUOTE]</p><p><br /></p>

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