What's the first thing that comes to mind when you see a coin up for auction that had sold within th

Shamika

What's the first thing that comes to mind when you see a coin up for auction (not an eBay auction) that had sold within the last 12 months?

mgoodm3

First thing in my mind was someone trying to turn it for a profit.

relayer

I wonder why they kept it so long

sliderider

The possibility of a shill bidder winning the last time it was up, so it would sell for more the next time around.

EvilMCT

I'm spending too much time online.

Ken

Shamika

<< <i> I'm spending too much time online. >>



Got me!

rhedden

A dealer bought it the first time and couldn't re-sell it. So it went for too much the first time.

dorkkarl

there's a LOT less coin collectors in the world then you think.

K S

ScarsdaleCoin

could not get the upgrade...gotta move it to the next guy

Shamika

How about the coin looks worse in-hand or after some time has passed. Perhaps the owner wants to ditch it after being disappointed.

shylock

If it's in a Heritage sale there's a good chance they were the high bidder the first time around, or it was their coin to begin with.

Some other things that come to mind, besides the quick profit motive:

1.) (Along the same lines as Shamika's response) Coin was bid on sight unseen and was a disappointment in-hand. With all the internet bidding these days that's bound to happen more frequently.
2.) Buyer suffered an economic setback, a need to raise funds quickly, or over-extended himself.
3.) Buyer managed to upgrade it very quickly.

Bear

Could mean that the collector has changed their collecting strategy

Collector may need money

Collector doesnt really like coin

Collector has upgraded

Collector or dealer has flipped for a profit

nwcs

First thing I think of is: flip

tradedollarnut

Buyer was searching for a new series to collect and changed his mind... or simply lost focus momentarily [I do that].

boz

I agree with Bear, on all counts

ColonialCoinUnion

Nothing in particular good or bad. I can show you plenty of good coins that appeared in several different auctions over a short period of time for reasons only the owners know.

jdimmick

The new buyer wasnt as happy with the coin after aquiring it??

291fifth

A dealer bought it, thinking he could make a quick profit. He couldn't and is now desperately trying to get his money out of it.

catfish172

Different things at different times such as....

Buyer's remorse, or he spent too much on it and needs to get some groceries. Or, A Hurricane just passed and he needs to buy a new house.







Duh! 2 r's in hurricane

haletj

What I don't understand... coin realizes say $1000 in a Heritage auction... the next week is listed by a dealer on ebay and someone buys it for $1500. Why didn't that person see the coin in the original auction? Even if they missed it the first time around, do you think they would look for it in archives (I certainly do that) and still buy it knowing the markup they're paying?

oreville

12 months?

Sounds like the buyer defaulted on his purchase of the coin and Heritage is reselling the coin at auction. I understand it happens more than we think.

12 months sounds like the right turnover time too for that.