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Dealer mark up is 12.5% - Let me post my new purchase
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<p>[QUOTE="Just Carl, post: 648435, member: 4552"]Going to about 2 to 4 coin shows a month I've really gotten to know many of the repeditive dealers there. One thing I found out is the markup %. It appears that most of the dealers mark up coins for shows about 20% of the grey sheet prices regardless of what they paid for coins. Of course most keep records and if a coin goes down on the grey sheet, they just put it aside for a while until the prices go back up. </p><p>The reason for about 20% is almost everyone that goes to a coin show knows it is a flea market for coins. Some places make it almost like a true flea market too. At one show I saw Indian relics, Baseball/Football cards, knives, etc. aside from coins. Almost any one that does go to a coin show wants to do what is known as bargaining. Chewing down the sale price. The dealers know this too so they raise the prices accordingly. Many dealers start off with I can let you have this one for 10% less than it is marked. Didn't work? OK, OK take it away for 15% off. NO? Final offer is 20% off. You think you stole it for that. He got his price, you paid yours.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 648435, member: 4552"]Going to about 2 to 4 coin shows a month I've really gotten to know many of the repeditive dealers there. One thing I found out is the markup %. It appears that most of the dealers mark up coins for shows about 20% of the grey sheet prices regardless of what they paid for coins. Of course most keep records and if a coin goes down on the grey sheet, they just put it aside for a while until the prices go back up. The reason for about 20% is almost everyone that goes to a coin show knows it is a flea market for coins. Some places make it almost like a true flea market too. At one show I saw Indian relics, Baseball/Football cards, knives, etc. aside from coins. Almost any one that does go to a coin show wants to do what is known as bargaining. Chewing down the sale price. The dealers know this too so they raise the prices accordingly. Many dealers start off with I can let you have this one for 10% less than it is marked. Didn't work? OK, OK take it away for 15% off. NO? Final offer is 20% off. You think you stole it for that. He got his price, you paid yours.[/QUOTE]
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Dealer mark up is 12.5% - Let me post my new purchase
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