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<p>[QUOTE="AncientJoe, post: 4986613, member: 44357"]I'll echo all of what [USER=39084]@IdesOfMarch01[/USER] posted and add a couple more comments for pprp's response:</p><p><br /></p><p><br /></p><p><br /></p><p>For what it's worth, I paid $5K for this coin. The difference in commission between where I bought it and my max bid would be ~$450 to my dealer.</p><p><br /></p><p>I have a pretty good feel for pricing myself and if I happened to keep buying coins right around my max bid, I might become suspicious but this is definitely a highly pessimistic view of an industry made of generally above-board people.</p><p><br /></p><p>Yes, there are disingenuous people in every industry but there are more good coin dealers than not in my experience.</p><p><br /></p><p>That sounds like a pretty poor return considering if they were being disingenuous, they'd lose my business and anyone I'd tell. </p><p><br /></p><p><br /></p><p><br /></p><p>I'm not entirely sure what the point is here but there is definitely a preference in the market for coins with at least some sales history, which was the (valid) point he was making. It would seem pretty unproductive if a dealer preached against buying unprovenanced coins and then bought the coins themselves... surely they'd be hurting the value of the coins they just purchased?[/QUOTE]</p><p><br /></p>
[QUOTE="AncientJoe, post: 4986613, member: 44357"]I'll echo all of what [USER=39084]@IdesOfMarch01[/USER] posted and add a couple more comments for pprp's response: For what it's worth, I paid $5K for this coin. The difference in commission between where I bought it and my max bid would be ~$450 to my dealer. I have a pretty good feel for pricing myself and if I happened to keep buying coins right around my max bid, I might become suspicious but this is definitely a highly pessimistic view of an industry made of generally above-board people. Yes, there are disingenuous people in every industry but there are more good coin dealers than not in my experience. That sounds like a pretty poor return considering if they were being disingenuous, they'd lose my business and anyone I'd tell. I'm not entirely sure what the point is here but there is definitely a preference in the market for coins with at least some sales history, which was the (valid) point he was making. It would seem pretty unproductive if a dealer preached against buying unprovenanced coins and then bought the coins themselves... surely they'd be hurting the value of the coins they just purchased?[/QUOTE]
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