Author Topic: You win some...  (Read 1380 times)

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Offline ccl

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You win some...
« on: June 28, 2017, 01:56:43 AM »
you lose some..

$67,025.89 (456750 RMB inc BP.) on 7-6-2017

seller sells 355 days later for $58,479.28 (400000 RMB without BP). Say seller commission of 3%, 400000*0.97=388000

loss of ~68,750 RMB or ~$10k at current exchange rates.

before: http://www.yjzx.com/JingPai/show/sta/1/tid/34583/pid/51075.html
after:  http://www.zhaoonline.com/jinianxilie-jin/4424187.shtml

The seller might have had an opportunity and needed to raise the capital, there is no shame in these things. As long as the decision is for the right reasons. I've sold coins at a loss too, no big deal as long as it doesn't effect the bigger picture!

I think investing/ speculation drives market prices more than collectors. Probably will always be that way.

I follow (and invest in) other asset classes too and have seen the Chinese move in and out of investment vehicles to make money, even at tiny 2-8% margins. MCC will no doubt have it's day in the sun again where speculators all jump in head first driving up almost everything.

Offline Hippanda

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Re: You win some...
« Reply #1 on: June 28, 2017, 03:03:44 AM »
Maybe what they lose on single transaction, they hope to make up on volume ?
(LOL)
"He who speaks without modesty will find it difficult to make his words good."

Confucius

Offline ccl

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Re: You win some...
« Reply #2 on: June 28, 2017, 10:40:25 AM »
yes exactly, if a coin dealer, this is usually so.

Offline ccl

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Re: You win some...
« Reply #3 on: June 28, 2017, 10:47:47 AM »
typo in original post, should be: $67,025.89 (456750 RMB inc BP.) on 7-6-2016

Offline 1668Chris

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Re: You win some...
« Reply #4 on: June 28, 2017, 03:17:24 PM »
You're missing the most important element...its not about the money.  It never is.  its about the ability to acquire a rare coin and be able to hold it in your hands.  That's worth ten times more than the loss on the sale. 

Offline ccl

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Re: You win some...
« Reply #5 on: June 28, 2017, 03:47:49 PM »
You're missing the most important element...its not about the money.  It never is.  its about the ability to acquire a rare coin and be able to hold it in your hands.  That's worth ten times more than the loss on the sale. 

hmmm. I think you are speaking for yourself. Possibly there are others. I owned this coin a few years ago and experienced an emotion of sorts, the kind you allude to. Even now, I think fondly of it but still it's always about the money in some way. It's important to buy intelligently, even if you have no foreseeable plans to sell.