When a dealer posts a bid to "fill an order", does he also provide the number of coins he
Longacre
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I was reading the latest issue of Coin World, and there was an article by Steve Roach (in the Marketplace section if I recall). I don't have it in front of me, but he recounts some recent "bid" prices posted by dealers looking for coins (from other dealers), and how much they varied in a short period of time. I believe the bids were for some common Saints. He then compared these wild fluctuations with the price of gold, which did not move very much at all during the same period.
When a dealer posts a "bid", does he also disclose how many coins that he wants to buy? It seems that in the situation above, the prices bounced around (dropped) as the bidding dealer got closer to filling an order. If that is the case, do other dealers try to meet bid requests early so that they don't get caught in the downdraft if bid prices are reduced as orders get filled?
When a dealer posts a "bid", does he also disclose how many coins that he wants to buy? It seems that in the situation above, the prices bounced around (dropped) as the bidding dealer got closer to filling an order. If that is the case, do other dealers try to meet bid requests early so that they don't get caught in the downdraft if bid prices are reduced as orders get filled?
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)
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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)