Rare Coin Arbitrage

A price gap between two coin markets can vanish when the coins, bids, fees, and timing are examined closely. Rare Coin Arbitrage gives you a disciplined way to test a proposed cross-venue trade.

Match the exact specimen, separate an asking price from an executable buyer bid, calculate both sides of the cash flow, and plan payment, inspection, shipment, and settlement. Four fictional case files reveal why some attractive spreads deserve a pass.

The transaction checklist helps you record the outcome even when the coin stays in your inventory.

• Match the exact specimen and distinguish a posted asking price from an executable bid.
• Count acquisition, shipment, inspection, settlement, and resale costs on both sides of a proposed trade.
• Study four fictional case files where apparently attractive spreads change under closer inspection.

A profitable looking gap is only a starting question; this book shows how to answer it.

See what is inside

The revised edition covers these chapters and reader resources:

• Chapter 1 — A Price Gap Is a Hypothesis
• Chapter 2 — The Same Coin on Both Sides
• Chapter 3 — The Same Coin in Three Different Records
• Chapter 4 — Which Price Can You Use?
• Chapter 5 — The Currency of the Cash Receipt
• Chapter 6 — The Fee Base Changes the Answer
• Chapter 7 — The Two-Leg Cash Test
• Chapter 8 — The Invoice That Changed the Bid
• Chapter 9 — The Order Book Outgrows the Cash
• Chapter 10 — Build a Watchlist, Not a Forecast
• Chapter 11 — One Buyer with Two Offers
• Chapter 12 — One Lot Is Not Six Independent Trades
• Chapter 13 — Before Money Moves
• Chapter 14 — A Quote That Ends in Another Time Zone
• Chapter 15 — Two Return Windows That Do Not Meet
• Chapter 16 — The Order of the Orders
• Chapter 17 — The Deposit Is Not the Sale
• Chapter 18 — The Consignment Statement Arrives Later
• Chapter 19 — The Payout Is Smaller Than the Sales
• Chapter 20 — The Parcel Was Only Partly Accepted
• Chapter 21 — Four Candidates, One Ledger
• Chapter 22 — When the Coin Stays
• Chapter 23 — Close the Period with the Open Trades Visible
• Chapter 24 — Review the Method, Not the Myth
• Afterword — Leave an Audit Trail