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<p>[QUOTE="GDJMSP, post: 3870216, member: 112"]Yeah, your questions make sense. But you also have to remember that there's a lot times when a given coin has been in a dealer's inventory for a while already. So he sells it, even if it's just to break even or take a small loss, just to get it out of his inventory. One way or another has to make his money work for him and he can't do that if it's tied up in coins that aren't selling fast enough. Think of it as a department store having a sale - even if they take a small loss - they gotta do it so they have the money to spend on more new stuff that they can sell right away.</p><p><br /></p><p>Dealers make their money by fulfilling "want lists" from customers, and they have long want lists ! But the only way they can buy the coins on those want lists is to sell the coins they already have. So one way or another, they're gonna sell 'em. And it's quite often to a dealer who has that coin on his own want lists. </p><p><br /></p><p>And just because there's a Bid and Ask on a given coin, don't ever think that's always gonna determine the selling price at a show. Bid and Ask applies to average for the grade coins most of the time - and that's what most coins are - average for the grade. But I can't tell you how many times I've had a dealer walk up to me while I'm walking around the bourse and say - Doug take a look at this coin for me, whaddya think ? What he's wanting to know is if I think its low, average, or better than the grade. Or even if it has a chance at upgrading. They do this because they know that's what I do, have always done, and still do. I help people by giving my opinion on coins. </p><p><br /></p><p>One time at a big show, I saw the same coin sold to 5 different dealers. And each one of them made money on the sale. That's what shows are all about.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3870216, member: 112"]Yeah, your questions make sense. But you also have to remember that there's a lot times when a given coin has been in a dealer's inventory for a while already. So he sells it, even if it's just to break even or take a small loss, just to get it out of his inventory. One way or another has to make his money work for him and he can't do that if it's tied up in coins that aren't selling fast enough. Think of it as a department store having a sale - even if they take a small loss - they gotta do it so they have the money to spend on more new stuff that they can sell right away. Dealers make their money by fulfilling "want lists" from customers, and they have long want lists ! But the only way they can buy the coins on those want lists is to sell the coins they already have. So one way or another, they're gonna sell 'em. And it's quite often to a dealer who has that coin on his own want lists. And just because there's a Bid and Ask on a given coin, don't ever think that's always gonna determine the selling price at a show. Bid and Ask applies to average for the grade coins most of the time - and that's what most coins are - average for the grade. But I can't tell you how many times I've had a dealer walk up to me while I'm walking around the bourse and say - Doug take a look at this coin for me, whaddya think ? What he's wanting to know is if I think its low, average, or better than the grade. Or even if it has a chance at upgrading. They do this because they know that's what I do, have always done, and still do. I help people by giving my opinion on coins. One time at a big show, I saw the same coin sold to 5 different dealers. And each one of them made money on the sale. That's what shows are all about.[/QUOTE]
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