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<p>[QUOTE="GDJMSP, post: 1515, member: 112"]I have seen some coin dealers that will sell a coin at cost or even lower. It depends on how long it has been in their inventory. Just keeping a coin in your inventory cost you money. How ? - by tying up money that could be spent on a coin that will sell and bring him a profit. So the real answer to this question is that it depends on the given coin.</p><p><br /></p><p>Something that a lot of people don't understand about business period - let alone coin dealing - is that you have to have things in your inventory that will sell or you will starve to death. Having all of your capital tied up in stuff that nobody wants to buy does you no good. You have to stock the items that everybody wants to buy !</p><p><br /></p><p>So if you are looking for a coin that is very popular with collectors - don't expect to get any really good deals. Those are the coins that a dealer makes his living on. And on these coins his markup % will be higher. But the stuff that he has had in inventory for a while - now there you can get a deal. </p><p><br /></p><p>So many times it can pay off for the buyer to be patient. If a dealer has a particular coin you want but the price is a bit too much - then walk away. Come back next week - or next month. If that coin is still there - odds are he'll be willing to sell it to you cheaper. He just can't afford to keep his funds tied up as his livliehood depends on turnover - not so much on markup percentage.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1515, member: 112"]I have seen some coin dealers that will sell a coin at cost or even lower. It depends on how long it has been in their inventory. Just keeping a coin in your inventory cost you money. How ? - by tying up money that could be spent on a coin that will sell and bring him a profit. So the real answer to this question is that it depends on the given coin. Something that a lot of people don't understand about business period - let alone coin dealing - is that you have to have things in your inventory that will sell or you will starve to death. Having all of your capital tied up in stuff that nobody wants to buy does you no good. You have to stock the items that everybody wants to buy ! So if you are looking for a coin that is very popular with collectors - don't expect to get any really good deals. Those are the coins that a dealer makes his living on. And on these coins his markup % will be higher. But the stuff that he has had in inventory for a while - now there you can get a deal. So many times it can pay off for the buyer to be patient. If a dealer has a particular coin you want but the price is a bit too much - then walk away. Come back next week - or next month. If that coin is still there - odds are he'll be willing to sell it to you cheaper. He just can't afford to keep his funds tied up as his livliehood depends on turnover - not so much on markup percentage.[/QUOTE]
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