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<p>[QUOTE="BooksB4Coins, post: 1470025, member: 36230"]This is not always true and is a common misconception. Even if only using the two venues you mentioned, I can honestly say that my average overhead is a higher percentage than any of my local B&Ms. Many shops (not all, but many) do not have to hunt down their inventory and simply wait for it to walk in the door, be it from established customers/clients or the general public. This is or can be a luxury that non-B&Ms do not have. We also must consider the fact that most people expect a shop to pay less when selling, plus they automatically have a negotiating advantage when someone walks in the door. Shops also (often) have the ability to sell a much wider array of products... supplies, novelties, stamps, misc. collectibles, and especially bullion on a walk-in basis. Even with the high up-front overhead, there are many variables that are rarely taken into consideration that can make said overhead a near non-issue. Numismatic-value items are rarely what keeps the average B&M in business these days, but can be the bread and butter of many non-shop dealers. Locating high quality and profitable inventory is no walk in the park. Coins do not fall out of the sky and may have cost the dealer considerable effort and upfront investment to be able to offer for sale, regardless of venue, so to assume that anyone selling outside of a shop has little overhead is at best questionable. I often think many collectors either forget or do not realize this.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Well said. It's not easy when many collectors expect to sell top of trends and buy back of bid.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1470025, member: 36230"]This is not always true and is a common misconception. Even if only using the two venues you mentioned, I can honestly say that my average overhead is a higher percentage than any of my local B&Ms. Many shops (not all, but many) do not have to hunt down their inventory and simply wait for it to walk in the door, be it from established customers/clients or the general public. This is or can be a luxury that non-B&Ms do not have. We also must consider the fact that most people expect a shop to pay less when selling, plus they automatically have a negotiating advantage when someone walks in the door. Shops also (often) have the ability to sell a much wider array of products... supplies, novelties, stamps, misc. collectibles, and especially bullion on a walk-in basis. Even with the high up-front overhead, there are many variables that are rarely taken into consideration that can make said overhead a near non-issue. Numismatic-value items are rarely what keeps the average B&M in business these days, but can be the bread and butter of many non-shop dealers. Locating high quality and profitable inventory is no walk in the park. Coins do not fall out of the sky and may have cost the dealer considerable effort and upfront investment to be able to offer for sale, regardless of venue, so to assume that anyone selling outside of a shop has little overhead is at best questionable. I often think many collectors either forget or do not realize this. Well said. It's not easy when many collectors expect to sell top of trends and buy back of bid.[/QUOTE]
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