Coins sure do move around don't they?

doh

It's amazing how often I see the same coin offered on one dealer's website and then a week later I see it on another dealer's site. The one I have in mind increased in price by more than 33% in that short time period. I understand dealers gotta eat, but that's quite an increase. I've also seen the same coin go from dealer to Heritage to another dealer in the span of about 3 weeks. In that instance the price went from X to X -30% back to about X.

I'm not trying to complain or anything...I just find it amusing to watch coins move.

Unknown

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blu62vette

They do move a lot. I sold a coin last November, just bought it back for 30% cheaper than I sold it for. Go figure. I think it went between 3 dealers in a couple months....

TwoSides2aCoin

I sense frustration and displeasure at not being able to get a coin that you would like for the price that it's worth to you. It goes from amazing to amusing. PM me the coin you're looking for and I promise to do my best to find it at WalMart prices. ( I cannot promise it will be authentic )

PerryHall

As the coin moves around, the price usually goes up and, like musical chairs, someone is eventually going to be left standing with an overpriced coin.

doh

<< <i>I sense frustration and displeasure at not being able to get a coin that you would like for the price that it's worth to you. It goes from amazing to amusing. PM me the coin you're looking for and I promise to do my best to find it at WalMart prices. ( I cannot promise it will be authentic ) >>


Haha, actually no, it's not a coin I need. It's just in a series I keep up with. It's not even particularly attractive, it's not UNattractive, but when I first saw it listed I didn't even consider it at the first price.

My only displeasure and frustration comes from not even being able to find the coins I do need, no matter the price. Oh well, thrill of the hunt!



<< <i>As the coin moves around, the price usually goes up and, like musical chairs, someone is eventually going to be left standing with an overpriced coin. >>


Very true. Unfortunately, I've probably been the one standing without a chair at the end. Sometimes it's difficult to tell where you stand...

truthteller

<< <i>It's amazing how often I see the same coin offered on one dealer's website and then a week later I see it on another dealer's site. The one I have in mind increased in price by more than 33% in that short time period. I understand dealers gotta eat, but that's quite an increase. I've also seen the same coin go from dealer to Heritage to another dealer in the span of about 3 weeks. In that instance the price went from X to X -30% back to about X.

I'm not trying to complain or anything...I just find it amusing to watch coins move. >>



Shortly after the coin crash of 1989, tons of inventory moved from dealer to dealer. The vast majority at a loss. The collector had stepped back from the coin market and main source of cash flow was dealer to dealer to dealer to dealer. On several occasions, I know of coins being offered back to the originating dealers for substantial discounts after going around and around and around.



TRUTH

BAJJERFAN

I bought a coin from a dealer in Colorado; sold/traded it to a board member who put it up in a Heritage auction where the same Colorado dealer bought it and put it back up on his website.
Nuther time I sold a coin to a board member who later sold it on eBay. After that I saw it in a dealer's case at a Milwaukee show for $600 more than I sold it for.

PerryHall

Would all this be an example of "the greater fool theory"?