Comments on: COIN PRICING GUIDES – Commentary by Laura Sperber http://www.coinlink.com/News/commentary-and-opinion/coin-pricing-guides-commentary-by-laura-sperber/ Rare Coins & Currency News for Numismatic Collectors - Updated Daily Sun, 12 Feb 2012 06:17:03 +0000 http://wordpress.org/?v=abc hourly 1 By: Steve Mlaker http://www.coinlink.com/News/commentary-and-opinion/coin-pricing-guides-commentary-by-laura-sperber/comment-page-1/#comment-59440 Steve Mlaker Fri, 10 Jul 2009 19:10:12 +0000 http://www.coinlink.com/News/commentary-and-opinion/coin-pricing-guides-commentary-by-laura-sperber/#comment-59440 The word is out. There's money to be made in "trading" coins (just like stocks).Using the recommendations in this article, I have been able to research and find the last auction price of a number of coins I have seen come up for sale. What I am seeing is somewhat intriguing, if not dismaying. It would appear to me that "collectors" are low-balling auctions enmasse. For example, they may bid on dozens of offerings, but at only 1/2 or 2/3 of Numismedia Wholesale pricing. If they snag one or two, then they turn around and re-offer the same coin on a different auction site, sometimes within weeks, but usually within months. If one were to look at the last five prices realized at auction for a given "coin", three of them might be the same coin!!! This skews the price data bigtime. The quick buck mentality is killing the collectors market as well!!!! Anyone else seeing this, and how do you feel it is affecting the longer-term investors market? The word is out. There’s money to be made in “trading” coins (just like stocks).Using the recommendations in this article, I have been able to research and find the last auction price of a number of coins I have seen come up for sale. What I am seeing is somewhat intriguing, if not dismaying. It would appear to me that “collectors” are low-balling auctions enmasse. For example, they may bid on dozens of offerings, but at only 1/2 or 2/3 of Numismedia Wholesale pricing. If they snag one or two, then they turn around and re-offer the same coin on a different auction site, sometimes within weeks, but usually within months. If one were to look at the last five prices realized at auction for a given “coin”, three of them might be the same coin!!! This skews the price data bigtime. The quick buck mentality is killing the collectors market as well!!!!

Anyone else seeing this, and how do you feel it is affecting the longer-term investors market?

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