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<p>[QUOTE=&quot;Tallpaul000, post: 722979, member: 204&quot;]Coin dealers provide a valuable resource in that they create a medium of exchange for the collector.&nbsp; Heritage, Teletrade, ebay, ect have similarities to dealers in that they also provide a medium of exchange. They just lack the face to face and face to coin. </p><p><br /></p><p>The only thing a dealer can do is hurt themselves if they get caught being too greedy.&nbsp; I personally think a certain amount of greed is good, but going Bernie Madoff greed is totally overboard.&nbsp; IMO it all comes down to caveat emptor and caveat venditor. I do feel sorry for the old lady that walks in to a dealers store with coins worth $10k wholesale and walks out the store with $500, but she should have done her due diligence. On the other hand, if I was in that dealers store at the time and saw that deal go down, I wouldnt buy from that dealer anymore.</p><p><br /></p><p>Recently, I was trying to sell a few coins at the last show I attended (as a collector) and I wasn&#039;t making any progress.&nbsp; Most of the dealers were nice and forthright.&nbsp; I would tell them what I was asking, and about 5 or 6 of them said not interested, or maybe a trade.&nbsp; Some politely said if I came down a bit they would consider the exchange.&nbsp; I finally met a dealer and I asked him for an offer, which was close to my ask ($1800 v. $1775) so we did the exchange and it was a totally pleasant experience.&nbsp; </p><p><br /></p><p>On the darker side (not really), one dealer was looking at one of my lots and started to tell me all the problems it had.&nbsp; I saw right through that and said nothing in reply, except what I thought it would grade out as and I that it was a pretty nice coin.&nbsp; I suffered him as much as I could, and he didnt make an offer on any coins, just complaints.&nbsp; Bottom line is I knew what I had and stuck to my guns until I met a dealer that would come close to what I wanted.&nbsp; I was always prepared to walk if the bids were not relatively close to my ask.</p><p><br /></p><p><br /></p><p>I would totally advise going to as many shows as you can and try to sell a few coins there instead of on ebay, as you can always do that.&nbsp; It is a totally enlightening experience. Just make sure you know what you have before you start showing it around.[/QUOTE]</p><p><br /></p>

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