1909 VDB (AU) from Littleton

Discussion in 'Coin Chat' started by texmech, Jan 14, 2011.

  1. texmech

    texmech Wanna be coin collector

    ...and how many can I put you down for?

    Think they are making a profit on this?:scratch::scratch:
     

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  3. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    Holy cow!

    That's like 4 times wholesale.
     
  4. rlm's cents

    rlm's cents Numismatist

    I know I am being a nit picker, but that is not profit. That is markup. Profit occurs after their selling expenses, etc. In the Littleton business plan, the selling expenses+ can be quite extensive.
     
  5. texmech

    texmech Wanna be coin collector

    Can't have a profit without a markup. That is a very healthy markup. In my business that kind of markup puts you out of business, when your competitor is much less expensive. If their selling expenses are so high, maybe they should stay at a cheaper hotel and not fly first class like the rest of us. I imagine they will sell a bunch regardless.
     
  6. abe

    abe LaminatedLincolnCollector

    They sucker in hundreds of new collectors everyday and this is how they pay for advertizing...
     
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