Pillar Of The Community
In my recent searches for Morgan VAMs I've noticed more and more sellers hocking their wares for exhorbitant prices. I am at work so I can't provide a link, but as an example ... an 1878-S Morgan, in a PCGS64 slab ... nothing remarkable about the coin, with an opening bid of $495 and BIN of $525.
Do these people really think someone will pay that much for a $60~$80 coin? There's another seller who constantly has a 500% mark-up over current value for his coins. These are not single-coin sellers. They have many coins listed and have completed thousands of transactions.
I have seen these types of listings in the past, but they were few and far between. Now I see several on every page. Is this happening elsewhere besides Morgans?
So many coins, so little time ...