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<p>[QUOTE=&quot;GDJMSP, post: 1378718, member: 112&quot;]Yes, he did. If you walked into a shop with that coin he&#039;d offer you $25-$27 for it and that&#039;s it. Selling it for $34 would allow him to make $7-$9 on that one coin. </p><p><br /></p><p>Dealers buy for 10-20% back of book and sell for 10-20% over book, depending on the coin of course. That&#039;s just kind of an average rule of thumb. With some coins they may only be willing to pay 50% of book, like very common, inexpensive stuff. With the higher end stuff they may well buy at only 2-5% of book because that 2-5% is a good bit of money.</p><p>&nbsp;</p><p><br /></p><p><br /></p><p>If you&#039;re another dealer you can. Actually you&#039;ll ask him to sell them to you for less than Grey Sheet. And a lot of the time he will. But most dealers make their purchases at shows, they buy from other dealers. Yeah they buy some from collectors there to sell their stuff, but the vast majority of their buys come from other dealers.</p><p><br /></p><p>That&#039;s why coin shows have what they call a dealer day. It&#039;s the day before the show opens to the public. And all they do that day all day long is buy and sell to other dealers.[/QUOTE]</p><p><br /></p>

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