What is the "Sucker Trade"

STEWARTBLAYNUMIS

The Sucker Trade is a term used predominantly by coin dealers for collectors or buyers of coins who will pay up the Yin Yang to get a particular coin.These buyers are relentless in their pursuit.Be it a 2004 Lincoln cent in ms 70 with a pop of 1 or 5.It can be a 1963 Lincoln cent in Proof 70 Deep Cameo or a 1909 S VDB in ms 67 red.
PCGS,David Hall and most if not every coin dealer is aware of the "Sucker Trade".Presently the "Sucker Trade" is very active in the Coin business.

Are you a "Sucker"? You may not want to be known as one but most of us on these boards and collectors "Set Registry" are "Suckers.As the law of Caveat Emptor (let the buyer beware)applies when buying coins at auction,don't get caught with your pants down !!!!

Lord Master Stewart

RYK

Thanks for the helpful advice.

Russ

Thanks for the helpful advice.

Russ, NCNE

UncleJoe

The greater fool theory.

Everyone looks like a genius except the last guy!

Joe.

RayJay

Thats a new 2005 penny traded for a "speared Bison"

Coinhusker1

Thanks for the helpful advice.