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<p>[QUOTE="GDJMSP, post: 135119, member: 112"]I never said otherwise. I merely used them as examples to make my point. That being, that coin dealers undeservedly take a bad rap because collectors seem to think they make too much money off a sale to a collector. But yet that same collector will go out and buy other items, such as jewelry or furniture and never say a word or make complaint one about how much money that seller made.</p><p><br /></p><p><br /></p><p><br /></p><p>Yes, they are. But in the investment world, brokers, whether they be stock, real estate or securities brokers, charge small percentages because of the volume in sales they do. A broker is nothing more than a different name for a dealer. And don't ever think for one minute - one second - that these brokers care about <u>anything</u>, least of all you, but the money they are going to make. Compared to them, coin dealers are but small minnows in a sea of great whites.</p><p><br /></p><p><br /></p><p><br /></p><p>Why should it be any different ? Is it any of your business, or anyone else's how much money they make ? Try asking any business you buy a product from how much the markup is on an item they are selling you and see what happens.</p><p><br /></p><p><br /></p><p><br /></p><p>As has been said - there are brokers in cons. But that's just a fancy name. All coin dealers buy and sell from other dealers in order to obtain coins for their clients an so in effect they are brokers - all of them. Probably 80% or more of a coin dealer's business is buying & selling to other dealers. If they had to rely on clients only they would starve to death.</p><p><br /></p><p>And I mean no disrepsect, but if you think that anyone who is selling you something or acting as a broker on your behalf has your best interest at heart - well, let's just say you need to think again.</p><p><br /></p><p><br /></p><p><br /></p><p>Sometimes it is and sometimes it isn't - it depends on the coins. The vast majority of slabbed coins are so common as to defy description and most auction houses want nothing to do with them. This is because it cost them more to handle the coins and offer them at auction than they are even worth.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 135119, member: 112"]I never said otherwise. I merely used them as examples to make my point. That being, that coin dealers undeservedly take a bad rap because collectors seem to think they make too much money off a sale to a collector. But yet that same collector will go out and buy other items, such as jewelry or furniture and never say a word or make complaint one about how much money that seller made. Yes, they are. But in the investment world, brokers, whether they be stock, real estate or securities brokers, charge small percentages because of the volume in sales they do. A broker is nothing more than a different name for a dealer. And don't ever think for one minute - one second - that these brokers care about [U]anything[/U], least of all you, but the money they are going to make. Compared to them, coin dealers are but small minnows in a sea of great whites. Why should it be any different ? Is it any of your business, or anyone else's how much money they make ? Try asking any business you buy a product from how much the markup is on an item they are selling you and see what happens. As has been said - there are brokers in cons. But that's just a fancy name. All coin dealers buy and sell from other dealers in order to obtain coins for their clients an so in effect they are brokers - all of them. Probably 80% or more of a coin dealer's business is buying & selling to other dealers. If they had to rely on clients only they would starve to death. And I mean no disrepsect, but if you think that anyone who is selling you something or acting as a broker on your behalf has your best interest at heart - well, let's just say you need to think again. Sometimes it is and sometimes it isn't - it depends on the coins. The vast majority of slabbed coins are so common as to defy description and most auction houses want nothing to do with them. This is because it cost them more to handle the coins and offer them at auction than they are even worth.[/QUOTE]
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