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Dealer mark up is 12.5% - Let me post my new purchase
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<p>[QUOTE="mikenoodle, post: 648937, member: 307"]hobo, the dealer that I work for doesn't price his coins according to any % mark-up. He sells the coin for a fair price for what it is regardless of what he has in it. He rarely overpays though so he makes money on nearly everything. When he has had a coin for too long, it is generally because he overestimated demand for it. He now prices the coin where it <b>will</b> sell, or as he says "make it go away" so that he doesn't carry any inventory over long periods of time.</p><p><br /></p><p>My point as I rambled on was that he prices the coins at their value regardless of what he paid for them, therefore there is no standard mark-up with him. I think it illustrates your point with a real-life example.[/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 648937, member: 307"]hobo, the dealer that I work for doesn't price his coins according to any % mark-up. He sells the coin for a fair price for what it is regardless of what he has in it. He rarely overpays though so he makes money on nearly everything. When he has had a coin for too long, it is generally because he overestimated demand for it. He now prices the coin where it [b]will[/b] sell, or as he says "make it go away" so that he doesn't carry any inventory over long periods of time. My point as I rambled on was that he prices the coins at their value regardless of what he paid for them, therefore there is no standard mark-up with him. I think it illustrates your point with a real-life example.[/QUOTE]
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Dealer mark up is 12.5% - Let me post my new purchase
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