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<p>[QUOTE=&quot;pprp, post: 4800822, member: 94602&quot;]A collector bidding against dealers is the least to say condemned to lose money. Let&#039;s take as an example that I want to bid 2000$ on a coin. If I win it will cost 2400$ with a 20% buyer&#039;s fee. If for some reason I don&#039;t like the coin anymore and want to sell in an auction I will need to pay another 15% seller&#039;s fee. This means that if I want to break even, the coin needs to hammer <i>2823</i>$. If a dealer wins it, he can break even by just hammering 2000$ in his own auction. Furthermore on several occasions dealers waive fees when they buy from each other. Dealers can also skip import duties by having offices in different countries. Furthermore, dealers are professional sellers which means they will be able sugarcoat any coin and resell with a profit to people with deep pockets. They have client lists and want lists of their clients. Like they don&#039;t have access to direct sales from their clients, they also have urgent need to purchase more coins from auctions. And since I saw so many people refer to old auctions, may someone could explain to me why did the fees double or triple when photography and catalog production costs have dropped at least 10 times in the past century?</p><p><br /></p><p>And to quote my favorite article by Mike Marotta:</p><p><br /></p><p><i> In the drug world the dealer is never your friend. At the tavern, the barkeeper is a good listener - at a distance, and as long as you keep buying booze. Dealers and collectors live in different worlds. Dealers have only one use for collectors and if a collector stops buying, then the relationship stops. </i></p><p><i><br /></i></p><p><i>&nbsp;Addicts associate with others of their kind and coin collectors enjoy each other&#039;s company. However, collectors do not become emotionally involved in each other&#039;s lives for two reasons: they are not interested in people but in objects; and, being addicts, they are emotionally dysfunctional and cannot empathize or sympathize with another person. Numismatics a lonely hobby. </i>[/QUOTE]</p><p><br /></p>

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