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<p>[QUOTE="cladking, post: 3215036, member: 68"]Most knowledgeable collectors and bidders at auction usually pay little or no more than a dealer will pay. Sellers simply don't care about the bonafides of a buyer, merely his money. But coins sold through venues like price lists, eBay, or in shops will have a markup of 50 to 300% which constitutes "retail" pricing in the hobby. Usually this markup is near the low end except for "value added" products like complete collections. </p><p><br /></p><p>It's an odd industry because most of the profits come on the buy side. Much of what's available for sale arises from estates and dealers tend to be able to buy this quite cheaply. Their ability to sell it at the highest possible price is limited by the number and quality of their contacts so the price of a coin will increase as it's passed on in the chain. Most collectors will be at the tail-end of this chain and will pay what is the most it has sold for since reentering the market. </p><p><br /></p><p>It's easy to buy coins cheaply, it's very difficult to sell them for full price. Only professionals get retail.[/QUOTE]</p><p><br /></p>
[QUOTE="cladking, post: 3215036, member: 68"]Most knowledgeable collectors and bidders at auction usually pay little or no more than a dealer will pay. Sellers simply don't care about the bonafides of a buyer, merely his money. But coins sold through venues like price lists, eBay, or in shops will have a markup of 50 to 300% which constitutes "retail" pricing in the hobby. Usually this markup is near the low end except for "value added" products like complete collections. It's an odd industry because most of the profits come on the buy side. Much of what's available for sale arises from estates and dealers tend to be able to buy this quite cheaply. Their ability to sell it at the highest possible price is limited by the number and quality of their contacts so the price of a coin will increase as it's passed on in the chain. Most collectors will be at the tail-end of this chain and will pay what is the most it has sold for since reentering the market. It's easy to buy coins cheaply, it's very difficult to sell them for full price. Only professionals get retail.[/QUOTE]
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