How has/will the Mint repricing affect secondary market values?
cheezhed
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How has/will the Mint repricing affect secondary market values? Has the secondary market responded? Has it caught up?
Many happy BST transactions
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Why would it? The secondary market is independent, and actually reflects true value, as opposed to whatever arbitrary price the Mint sets.
Which is why some things shoot up significantly after release, while others sink. The Mint pricing items above where the market values them does not cause the market value to rise. It only causes Mint sales to fall.
Same thing in reverse with price controls on items in short supply. They do not cause prices to fall, they just cause supply to be withheld.
It has no effect on the secondary market except for new releases. Even then, like a new car, it often loses 20% of the value when it leaves the show room.
As of this moment with $94 silver, proof eagles for 2025 and earlier are but $94 and sell $109. And they are only going to move with the price of bullion. If bullion drops to $75, proof eagles will be $80 on the secondary market but $170 from the Mint. Think on that for a bit.
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it will be interesting to see if there are any true auctions and how true auctions do
the bulk purchasers can't undercut mint pricing as long as the mint has them on sale. there will be a lot of big boy bins.
It will be very interesting to see what a OBW roll of the new dime will list on the 'BAY'