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Message:: [QUOTE="Longacre, post: 11706, member: 1048"]There was a thread along similar lines below, talking about the costs involved with being a coin dealer, etc.  I took a quick look at <a href="http://www.sec.gov" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sec.gov" rel="nofollow">www.sec.gov</a> for the 10-K filings of some of the larger coin firms in the country.  In Collectors Universe's filing, it shows that they posted a net loss in each of the last three years (in year ending June 30, 2003, the loss was over $10 million).  I also checked Superior Galleries, and they showed a loss of about $3.5 million.  In addition, their independent public accountants issued an audit opinion called "a going concern" opinion, which is when a company's finances are in such questionable shape that there is a risk that the company will cease as a "going concern" (i.e., need to shut down).  I just found this interesting seeing that I assumed that the coin dealership business was wildly profitable.[/QUOTE]