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<p>[QUOTE="omahaorange, post: 1474413, member: 28199"]I agree with everything you said except this...</p><p><br /></p><p>If, as a dealer, I give the bid price to every Tom, Dick, and Harry who walks into my store with a coin to sell, then I have to move those purchases to another dealer, best case scenario is I break even. So if I buy off the street at less than bid, and sell to another dealer, I have room for profit. If I end up selling that coin to a retail buyer at ask, then that's just a bonus. But as a dealer, I have to make sure I can make a profit from this type of buy, so I anticipate the worse case and hope for the best. But this also lets me sell retail at a percentage under the ask price, which gives me a little more wiggle room with those customers, so they continue to come back. Not saying selling on your own is wrong, but if you go the dealer route, this is why you can expect less than the bid price.[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1474413, member: 28199"]I agree with everything you said except this... If, as a dealer, I give the bid price to every Tom, Dick, and Harry who walks into my store with a coin to sell, then I have to move those purchases to another dealer, best case scenario is I break even. So if I buy off the street at less than bid, and sell to another dealer, I have room for profit. If I end up selling that coin to a retail buyer at ask, then that's just a bonus. But as a dealer, I have to make sure I can make a profit from this type of buy, so I anticipate the worse case and hope for the best. But this also lets me sell retail at a percentage under the ask price, which gives me a little more wiggle room with those customers, so they continue to come back. Not saying selling on your own is wrong, but if you go the dealer route, this is why you can expect less than the bid price.[/QUOTE]
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