Do the dealers with retail and auction capabilities often move coins from one "classification&q
Longacre
Posts: 16,717 ✭✭✭
I have been watching a particular coin which was on the site of one of the national dealers who has a "retail" business and an "auction" business. This coin has been in the "retail" section for about two weeks, and now I just noticed that it is listed in their "auction" category. The starting bid is lower than the price that was in the retail section, but when you add in the 15%, it is fairly close to what was listed in the retail section.
Is this a common occurance? I assume it is OK because the national dealer has the right, if it owns the coin, to sell it outright or put it up for competitive auction on its site. I just didn't know how often this happens. Thanks.
Is this a common occurance? I assume it is OK because the national dealer has the right, if it owns the coin, to sell it outright or put it up for competitive auction on its site. I just didn't know how often this happens. Thanks.
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
Remember, while a dealer might accept a potential 5%-15% reduced price via the auction route - the dealer also gets the potential benefit of a "runaway" auction price that creates a final price way over the original asking price.
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