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<p>[QUOTE="joesmom, post: 87398, member: 934"]Bid is the highest price a dealer would be willing to <b>pay </b> for a particular coin...the Ask is theoretically the lowest price a dealer will <b>take </b> for a coin. </p><p><br /></p><p>This leaves quite a spread for you to decide what would seem to be a fair price for the item your considering. Let me tell you from experience...You can <i>almost always </i> find coins priced at bid, and even occasionally below. But remember, there are no hard & fast rules to this. Dont go into a transaction saying to yourself that you wont pay above Bid for a coin...you never know what the dealer already has invested in the coin. You'll need to find a price that you both are comfortable with. Your dealer needs to make some sort of a profit to stay in business and continue providing you with more fabulous coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> </p><p><br /></p><p>**BTW...I think it's a close up of his dog <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="joesmom, post: 87398, member: 934"]Bid is the highest price a dealer would be willing to [B]pay [/B] for a particular coin...the Ask is theoretically the lowest price a dealer will [B]take [/B] for a coin. This leaves quite a spread for you to decide what would seem to be a fair price for the item your considering. Let me tell you from experience...You can [I]almost always [/I] find coins priced at bid, and even occasionally below. But remember, there are no hard & fast rules to this. Dont go into a transaction saying to yourself that you wont pay above Bid for a coin...you never know what the dealer already has invested in the coin. You'll need to find a price that you both are comfortable with. Your dealer needs to make some sort of a profit to stay in business and continue providing you with more fabulous coins. ;) **BTW...I think it's a close up of his dog :)[/QUOTE]
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