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<p>[QUOTE="Vess1, post: 682359, member: 13650"]Yeah, I have to agree. BNB, have you ever went to a coin store or a show and dealt with dealers face to face? Most have been around a long time and they're *in the business to make money.* They're not in business to make you money. They're not there to give you a good deal, although they'll try to make you feel like you got one when you left. Some won't deal at all and are offended if you offer $10 less on something. They don't want any of their profit cut. So what does that leave for you?</p><p> Most will try to sell their problem coins at a premium, hoping you don't notice! So don't think for a second that an actual premium coin will go unnoticed and you're going to pull one over on them. Unless you are able to find a very rare, unnoticeable doubled-die cent that nobody knows about. </p><p><br /></p><p> The dealers sell these coins amongst eachother at wholesale. 50% of retail or less! You're buying them at full retail as any other customer. </p><p><br /></p><p> As was stated in another thread, most people believe what they own is much more valuable than what it is. Not the other way around. So I'd say you've got an uphill battle trying to buy coins at retail and flipping them for quick profits. By the time you lose on some, break even on most and sell a few at a profit, it wouldn't be worth my time trying to do it. </p><p><br /></p><p> Then you may as well forget about EVER selling back to any dealer. I've seen people trying to sell stuff at shows and I've heard every excuse there is on why people's stuff is junk. Even modern proof gold commemoratives still in the mint case! They won't buy it. Too many in stock not moving! Any loose coin a dealer looks at they will instantly say it's a problem coin. No matter what. No exageration. Expect a lowball offer of 50% of what you paid if they will buy it at all.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 682359, member: 13650"]Yeah, I have to agree. BNB, have you ever went to a coin store or a show and dealt with dealers face to face? Most have been around a long time and they're *in the business to make money.* They're not in business to make you money. They're not there to give you a good deal, although they'll try to make you feel like you got one when you left. Some won't deal at all and are offended if you offer $10 less on something. They don't want any of their profit cut. So what does that leave for you? Most will try to sell their problem coins at a premium, hoping you don't notice! So don't think for a second that an actual premium coin will go unnoticed and you're going to pull one over on them. Unless you are able to find a very rare, unnoticeable doubled-die cent that nobody knows about. The dealers sell these coins amongst eachother at wholesale. 50% of retail or less! You're buying them at full retail as any other customer. As was stated in another thread, most people believe what they own is much more valuable than what it is. Not the other way around. So I'd say you've got an uphill battle trying to buy coins at retail and flipping them for quick profits. By the time you lose on some, break even on most and sell a few at a profit, it wouldn't be worth my time trying to do it. Then you may as well forget about EVER selling back to any dealer. I've seen people trying to sell stuff at shows and I've heard every excuse there is on why people's stuff is junk. Even modern proof gold commemoratives still in the mint case! They won't buy it. Too many in stock not moving! Any loose coin a dealer looks at they will instantly say it's a problem coin. No matter what. No exageration. Expect a lowball offer of 50% of what you paid if they will buy it at all.[/QUOTE]
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