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<p>[QUOTE="David Setree Rare Coins, post: 2842426, member: 74719"]This is the problem I have run into that will only occur if you plan on staying in the business as a serious, long-term proposition.....</p><p><br /></p><p>The prices I put on my coins quickly became stale.</p><p><br /></p><p>Of course, I wouldn't sell all my inventory at a single show. More and more was added every day, every week, every month, every year and every decade.</p><p><br /></p><p>I still pull out coins that are marked a mere fraction of their current worth.. I see Peace dollars for $6.95 and the like.</p><p><br /></p><p>It may not be a problem for a dealer that had a few hundred pieces in stock that doesn't increase much or is of a field that has very stable prices but when you have a couple of hundred THOUSAND pieces it can be very embarrassing.</p><p><br /></p><p>I recently found some $20 Double Eagles marked at $325.00.</p><p><br /></p><p>So I don't mark my prices anymore. Look at the coin and then I will give you my very best prices at that time. I go as low as I can without hitting the price on which I would rather continue to own the coin than having the cash.[/QUOTE]</p><p><br /></p>
[QUOTE="David Setree Rare Coins, post: 2842426, member: 74719"]This is the problem I have run into that will only occur if you plan on staying in the business as a serious, long-term proposition..... The prices I put on my coins quickly became stale. Of course, I wouldn't sell all my inventory at a single show. More and more was added every day, every week, every month, every year and every decade. I still pull out coins that are marked a mere fraction of their current worth.. I see Peace dollars for $6.95 and the like. It may not be a problem for a dealer that had a few hundred pieces in stock that doesn't increase much or is of a field that has very stable prices but when you have a couple of hundred THOUSAND pieces it can be very embarrassing. I recently found some $20 Double Eagles marked at $325.00. So I don't mark my prices anymore. Look at the coin and then I will give you my very best prices at that time. I go as low as I can without hitting the price on which I would rather continue to own the coin than having the cash.[/QUOTE]
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