Reactions to seeing a dealer reselling your coin

People have been seeing it ever since people have been buying and selling coins. Yes they are always going to make a profit,how much is the real question. Just because the next day or week the coin is priced at XX$ when it was paid for as X$ the day before. Most likely the coin that is now priced at XX$ will actually sell for a lower number . Any one can ask what ever they want for a coin if there is a buyer it will sell if not eventually the price will find a home. Get mad ? No one should IMO they made a big boy/girl decision & sold the item for X$ & as long as the dealer was being fair & the seller accepts no ill should be taken.

 

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I am neither surprise, shocked, nor upset about the markup on a coin I sold to a dealer.

I expect them to make a profit.

As Leadfoot pointed out, I make note of the markup.

It gives me some good haggling knowledge when I'm looking to buy from the dealer.

 

Doesn't bother me at all, especially if I am making money on it and I wish them luck.

As a dealer, I don't buy anything unless I believe I can sell it for more.

If you see them sell it for a lot more than you were paid, consider it educational.

 

Thats how I feel about it too, regardless of whether I'm in the minority. Personally, I'll pay exactly $0 more for an MS 70 ASE as I will for one that is just sitting in the bin

 

I don't buy ASEs that are slabbed. It's only worth it's weight in bullion.

 

To the OP its a fair question. I think I would understand it being marked up some, but if the dealer would only pay me $200 for a coin and I see him having it listed at $1500 I might have a problem with that. To me that is not a normal markup.

I just avoid this problem by never selling.

 

I have the same philosophy. Let my heirs deal with selling my collection!

 

I see it as a zero-sum game. . TC

 

I think it is the seller's fault. Greysheet would quickly tell them what the dealer will probably pay and sell the coin for.

 

I don't really understand how someone offering to pay you a certain amount and you accepting it would ever equate to being bamboozled in any way. If someone offers too little, anybody has the option to walk away from the deal. If a seller doesn't know the value of his own items, it's his own fault, especially in this day way information on prospective value is no more than seconds away.

 

But believe it or not, about 95% or more of all of the coins in existence are not even on the greysheet.