Is the era of dealers' cherry picking coins at auction, over?
RegistryCoin
Posts: 5,117 ✭✭✭✭
Now that we can, from our living rooms, see the scans, bid and lose the coins, and then "follow" these "shot" coins that are being picked off by the dealers at very high prices, (in hopes, ostensibly, to get an upgrade, and then,hopefully sold with the new grade for a large profit).
But, now that we can see and follow their activities so clearly, will they keep up this practice, or will coins more likely realize their value, after being viewed on the net, and sold to collectors, rather than dealers?
In the last big commem sale, there were innumerable commems sold at high multiples, picked up by dealers. What happened to them? We haven't seen them in their newer higher grade. We're these upgraded and placed privately? Nobody called me, although most know I won't pay a multiple for the toning.
For instance, there was a very nice Hawaiian that sold for big bucks, and it hasn't surfaced yet. I haven't seen the pops change. What happened to it?
But, now that we can see and follow their activities so clearly, will they keep up this practice, or will coins more likely realize their value, after being viewed on the net, and sold to collectors, rather than dealers?
In the last big commem sale, there were innumerable commems sold at high multiples, picked up by dealers. What happened to them? We haven't seen them in their newer higher grade. We're these upgraded and placed privately? Nobody called me, although most know I won't pay a multiple for the toning.
For instance, there was a very nice Hawaiian that sold for big bucks, and it hasn't surfaced yet. I haven't seen the pops change. What happened to it?
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Comments
(You can't say I didn't warn you!)
Scans also never tell the full story. You've got to be there to see the coin.
The Dealer, having the advantage of 'being there' will therefor always have that slight advantage. He also is emotionally detached. That helps too.
peacockcoins
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