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<p>[QUOTE="GoldFinger1969, post: 3870037, member: 73489"]Yup, and for buying bills it appears more important to be able to look at it in-hand.</p><p><br /></p><p>If the bid on a generic common Saint is $1,800 and the ask (retail public) price is $2,000 (call it a 10% markup on a pretty popular/liquid coin) then:</p><p><br /></p><p>(1) <i>Why would I as a dealer sell it to another dealer for $1,900 (midway between bid/ask) unless it's someone who has helped me out a ton ?</i> I'm killing an already thin profit margin (could be much fatter on some obscure coins, granted).</p><p><br /></p><p>(2) <i> If the guys who want to do wholesale only (dealer-to-dealer) want to make $$$, how do they get to buy between the bid and the ask ?</i> Are they buying in bulk ? Do they have enough dealer contacts that they can always get supply in between that bid and ask ? Because if a retail dealer KNOWS he can sell something at full retail price within a reasonable period of time, he'd be taking money out of his pocket to sell it NOW to a wholesaler unless that same wholesaler is going to help him out in the future (or has done so in the past) ?</p><p><br /></p><p>Do my questions make sense or is my lack of trading and business acumen coming through ?<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3870037, member: 73489"]Yup, and for buying bills it appears more important to be able to look at it in-hand. If the bid on a generic common Saint is $1,800 and the ask (retail public) price is $2,000 (call it a 10% markup on a pretty popular/liquid coin) then: (1) [I]Why would I as a dealer sell it to another dealer for $1,900 (midway between bid/ask) unless it's someone who has helped me out a ton ?[/I] I'm killing an already thin profit margin (could be much fatter on some obscure coins, granted). (2) [I] If the guys who want to do wholesale only (dealer-to-dealer) want to make $$$, how do they get to buy between the bid and the ask ?[/I] Are they buying in bulk ? Do they have enough dealer contacts that they can always get supply in between that bid and ask ? Because if a retail dealer KNOWS he can sell something at full retail price within a reasonable period of time, he'd be taking money out of his pocket to sell it NOW to a wholesaler unless that same wholesaler is going to help him out in the future (or has done so in the past) ? Do my questions make sense or is my lack of trading and business acumen coming through ?:D[/QUOTE]
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