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<p>[QUOTE="Jason Hoffpauir, post: 2096591, member: 67527"]It is not my intent to offend any coin shop owners that use these forums; but I have some burning questions that I think some people are curious about too. How much is TOO much? I went to my coin shop the other day and the guy I deal with is a real standup guy. He has treated me fairly in the past and I would say we have a good rapport. Here are my questions concerning different coin dealers I have interacted with in the past and at coin shows: When silver is low; a coin dealer will say he has to charge you what he bought silver at (and it always seems to be higher for some reason). Ex: I go into a coin shop and spot is 17.58/oz. and I want to buy some ounces of silver but then the coin dealer states that he bought it at 18.75/oz. and has to go by those prices. Is he ripping me off? Or say I ask if he could hold some silver for me and spot at that time is say 17.25/oz. and we agree to a price per ounce BUT when I come back in a couple of days and silver goes UP then he has to adjust the price always in his favor. BUT when silver goes down then he agrees to the original deal? I know that the examples may be the same but I want to get my point clear. It just seems that the HOUSE always wins. If the economy is great the coin dealer wins; if the economy is down the coin dealer wins and WE the small time customers LOSE. Also, how much should a coin dealer make if he sells 1 oz. of gold? How much or percentage is fair. How much over spot? Many times gold exchange stores REALLY RIP people OFF....l have seen them buy gold from an educated person for $700.00 an oz. and turn right around and sell it for spot and make big profits. I always used to tell these individuals to go to your local coin dealer, but now the local coin dealers are getting just as bad. I know many people will respond that coin shops have bills, over-head, etc. BUT come on...when is enough…enough? I think that it is hurting the numismatic community as a whole and I would like your ideas on how to change this so that everyone wins. I can of course take my business elsewhere; but this does NOT solve the overall problem. Does anyone have any ideas or suggestions? What are your thoughts regarding this issue? Thank you in advance for your replies.[/QUOTE]</p><p><br /></p>
[QUOTE="Jason Hoffpauir, post: 2096591, member: 67527"]It is not my intent to offend any coin shop owners that use these forums; but I have some burning questions that I think some people are curious about too. How much is TOO much? I went to my coin shop the other day and the guy I deal with is a real standup guy. He has treated me fairly in the past and I would say we have a good rapport. Here are my questions concerning different coin dealers I have interacted with in the past and at coin shows: When silver is low; a coin dealer will say he has to charge you what he bought silver at (and it always seems to be higher for some reason). Ex: I go into a coin shop and spot is 17.58/oz. and I want to buy some ounces of silver but then the coin dealer states that he bought it at 18.75/oz. and has to go by those prices. Is he ripping me off? Or say I ask if he could hold some silver for me and spot at that time is say 17.25/oz. and we agree to a price per ounce BUT when I come back in a couple of days and silver goes UP then he has to adjust the price always in his favor. BUT when silver goes down then he agrees to the original deal? I know that the examples may be the same but I want to get my point clear. It just seems that the HOUSE always wins. If the economy is great the coin dealer wins; if the economy is down the coin dealer wins and WE the small time customers LOSE. Also, how much should a coin dealer make if he sells 1 oz. of gold? How much or percentage is fair. How much over spot? Many times gold exchange stores REALLY RIP people OFF....l have seen them buy gold from an educated person for $700.00 an oz. and turn right around and sell it for spot and make big profits. I always used to tell these individuals to go to your local coin dealer, but now the local coin dealers are getting just as bad. I know many people will respond that coin shops have bills, over-head, etc. BUT come on...when is enough…enough? I think that it is hurting the numismatic community as a whole and I would like your ideas on how to change this so that everyone wins. I can of course take my business elsewhere; but this does NOT solve the overall problem. Does anyone have any ideas or suggestions? What are your thoughts regarding this issue? Thank you in advance for your replies.[/QUOTE]
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