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<p>[QUOTE="-jeffB, post: 1613584, member: 27832"]So, you're trying to say that Norfeds -- and, unless Norfed collectors are "a weird niche", coins in general -- are so very toxic that people are already selling them for ~1/3 of their intrinsic silver value?</p><p><br /></p><p>The auction that you cited was at $11 yesterday morning, an hour after it started. By the end of yesterday afternoon, it was already at $70, and the lead offer was from a bid that had been placed less than an hour after the auction's start -- and the auction has over 9 days left. I wouldn't be a bit surprised if it closes below $200, or if it gets pulled -- it is, after all, a Norfed -- but it's not "available for $11", period.</p><p><br /></p><p>You can't use prices from <i>in-progress</i> auctions to bolster your arguments. That's a bit like saying "Gas at my local station was $3.42[SUP]9[/SUP], but the guy on the ladder just took down the 4 and the 2 -- gas has dropped to 3.9 cents per gallon!"[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 1613584, member: 27832"]So, you're trying to say that Norfeds -- and, unless Norfed collectors are "a weird niche", coins in general -- are so very toxic that people are already selling them for ~1/3 of their intrinsic silver value? The auction that you cited was at $11 yesterday morning, an hour after it started. By the end of yesterday afternoon, it was already at $70, and the lead offer was from a bid that had been placed less than an hour after the auction's start -- and the auction has over 9 days left. I wouldn't be a bit surprised if it closes below $200, or if it gets pulled -- it is, after all, a Norfed -- but it's not "available for $11", period. You can't use prices from [I]in-progress[/I] auctions to bolster your arguments. That's a bit like saying "Gas at my local station was $3.42[SUP]9[/SUP], but the guy on the ladder just took down the 4 and the 2 -- gas has dropped to 3.9 cents per gallon!"[/QUOTE]
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