Nils said:
Series not doing well? from US$ 349 to 249
It's important to understand dealers are businessmen.
They aren't prophets of coin performance, that is decided by the collectors and eventual owners - us.
And i think you'll find an overwhelming approval from many members on here from all parts of the globe.
The small "poll" on here can be pretty much a proportionate indicator that present and future collectors who haven't yet discovered it.... will like it a lot, too.
Some dealers are directly taking a hand in designing and crafting coins, which is a great development lately in our hobby.
It ensures they will set a fair price for a fair period of time on a substantial number of the coin.
They must do because they have a vested interest in the future of a series. It's a balancing act.
Dealers (in general) asking prices are often not an indication of what a coin is worth long-term, and shouldn't be taken as such.
Whether it's an increase or a decrease.
Some dealers keep an eye on what is trending at any given time (such as reading forums like this one).
Some become a bit over-zealous. I could use other words but i don't want to be inflammatory.
Such as last years lunar skull goat with a price tag of $750 during the short craze.
Dealers (in general) are analysts of fashions, and respond to opportunity - and good luck to them all.... but us collectors do need to learn how they work, and the motives behind it.
They are not benevolent. They set prices which we can take or leave, using our own barometer of what is acceptable.
Remember, too, the next time we all log in and wet ourselves at an upcoming coin, and tell each other we just gotta gotta have it right nowwWW!!!...... (essentially we are giving them instant valuable info)
..... there are some dealers who will take a chance on increasing the price quite quickly and see what nibbles they get at those levels.
Especially if they don't have a vested interest in the coin itself, or in the future performance of the series.
And yes, i know i know.... the old supply-and-demand thing will get thrown out there.... but i believe this is too often used to explain away all manner of sins.
And Nils - you were right to ask the question to begin with. A $100 drop in asking price is a curiosity worth pointing out, anytime!
The fact is, let's call it a price correction not a price drop
. I hope mine isn't lost in the ocean.
