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<p>[QUOTE=&quot;GDJMSP, post: 1765141, member: 112&quot;]No secret to it at all. 80% or more of all coins that a dealer buys, he sells to another dealer. And he sells them for a small percentage over what he paid. Of the coins that he sells to other dealers there are a few exceptions where he makes more because of his knowledge used when he bought the coins.</p><p>&nbsp;</p><p>About 20% of the coins he sells he sells to collectors. But he bought all of those coins at wholesale and sold them all at retail. (every business on the planet makes money by doing that) Depending on what the coin is that will usually allow him to make anywhere from 10% - 20% profit on each coin. And there are exceptions to that as well. For very common coins and inexpensive coins he may only pay 50% - 60% of retail, and sell at full retail. And there will be some that was able to buy and then sell for a much higher percentage because of his knowledge used when he bought the coin.</p><p>&nbsp;</p><p>Add it all up and you have why &amp; how dealers make money on coins.[/QUOTE]</p><p><br /></p>

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