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Ancients => Curious? => what is your coin-cash-comfort-zone??
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<p>[QUOTE="John Anthony, post: 1816435, member: 42773"]Yes, but you're talking about the extreme example of shysters and fools soon to be parted with their money. How often does that greedy seller make that one-in-ten sale? The question isn't rhetorical - I really don't know.</p><p><br /></p><p>But railing against inflation in general is moot. Inflation is a necessary and healthy part of any economy. If a dealer buys a coin for $10 and sells it for $10, what's the point? He collects no salary, and everyone needs a salary.</p><p><br /></p><p>I sell some coins on eBay from time to time, and I can speak from experience to say that you've got to be very careful calculating the overhead. eBay/Paypal charges come in around 13-14%, then you've got the cost of the envelope, postage, and tracking. If you want to make any sort of profit, you've got to add the proper mark-up. I always calculate the asking price to render a 30% profit after overhead, but I also accept offers. Most buyers give an offer, but I never accept one lower than what would yield a 10% profit - again, what would be the point?</p><p><br /></p><p>I know exactly what sort of dealers you're talking about Doug - there are a handful of them on eBay plying their wares, ie. common LRB's with asking prices over a hundred dollars. But look at their feedback - most of them have accepted lower offers, so the market isn't really that gullible. Those sellers are actually doing me a favor, because after buyers have perused their ridiculous prices, mine are a breath of fresh air. I've had people ask me why my coins are so much cheaper than other stores, and all I can say is well... I didn't add a 2000% mark-up.[/QUOTE]</p><p><br /></p>
[QUOTE="John Anthony, post: 1816435, member: 42773"]Yes, but you're talking about the extreme example of shysters and fools soon to be parted with their money. How often does that greedy seller make that one-in-ten sale? The question isn't rhetorical - I really don't know. But railing against inflation in general is moot. Inflation is a necessary and healthy part of any economy. If a dealer buys a coin for $10 and sells it for $10, what's the point? He collects no salary, and everyone needs a salary. I sell some coins on eBay from time to time, and I can speak from experience to say that you've got to be very careful calculating the overhead. eBay/Paypal charges come in around 13-14%, then you've got the cost of the envelope, postage, and tracking. If you want to make any sort of profit, you've got to add the proper mark-up. I always calculate the asking price to render a 30% profit after overhead, but I also accept offers. Most buyers give an offer, but I never accept one lower than what would yield a 10% profit - again, what would be the point? I know exactly what sort of dealers you're talking about Doug - there are a handful of them on eBay plying their wares, ie. common LRB's with asking prices over a hundred dollars. But look at their feedback - most of them have accepted lower offers, so the market isn't really that gullible. Those sellers are actually doing me a favor, because after buyers have perused their ridiculous prices, mine are a breath of fresh air. I've had people ask me why my coins are so much cheaper than other stores, and all I can say is well... I didn't add a 2000% mark-up.[/QUOTE]
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