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From where do the dealers and auction sites get their coins?
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<p>[QUOTE="Cherd, post: 7807027, member: 24754"]Well, "efficient" with all of these options is relative. Of course, nothing is as ideal as a face to face transaction with another collector. This is typically not possible though, so we have to evaluate the costs associated with other means.</p><p><br /></p><p>Auctions are not ideal because they charge fees, lets say 20%. If coin dealers are working on a 20% margin, then taking your coins to a dealer would essentially be the same thing from a cost perspective, but I'm guessing that dealer margins will tend to be significantly more than that.</p><p><br /></p><p>An example of a problematic scenario, to me anyway, would be a dealer that buy's collections from ignorant people and subsequently makes money by dumping the collection off through an auction house or Ebay. What roll is the dealer playing in that scenario when the original owner could have consigned with the auction house themselves? In my opinion, the only roll being played there is ripping people off.[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 7807027, member: 24754"]Well, "efficient" with all of these options is relative. Of course, nothing is as ideal as a face to face transaction with another collector. This is typically not possible though, so we have to evaluate the costs associated with other means. Auctions are not ideal because they charge fees, lets say 20%. If coin dealers are working on a 20% margin, then taking your coins to a dealer would essentially be the same thing from a cost perspective, but I'm guessing that dealer margins will tend to be significantly more than that. An example of a problematic scenario, to me anyway, would be a dealer that buy's collections from ignorant people and subsequently makes money by dumping the collection off through an auction house or Ebay. What roll is the dealer playing in that scenario when the original owner could have consigned with the auction house themselves? In my opinion, the only roll being played there is ripping people off.[/QUOTE]
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From where do the dealers and auction sites get their coins?
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