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From where do the dealers and auction sites get their coins?
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<p>[QUOTE="Cherd, post: 7807046, member: 24754"]Either, really. Dealers used to provide a useful service, as they were the primary go between for buyers and sellers (how else could you find coins other than to go to a coin shop?). However, these days, that is not the case. We have electronic tools at our disposal that directly connect buyers and sellers, so why incur the extra cost of an additional middle man?</p><p><br /></p><p>Considering that these tools are available to everyone, I have to question the actions of people that systematically make a living by skimming money between transactions when it comes to something like collectables. Buy low-sell high is the name of the game in a lot of business, day trading stocks is probably the best analogy. Money can be made by buying and selling stocks...or buying and selling coins...But what is the actual service being provided?</p><p><br /></p><p>I tend to be overly principled/judgmental when it comes to these kinds of things. But collectables are supposed to be valued based on the desires of collectors. When business interests are incorporated into the system, then the market becomes something that pulls away from the sentimental foundations of the hobbies. Kind of corrupts it in a way.[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 7807046, member: 24754"]Either, really. Dealers used to provide a useful service, as they were the primary go between for buyers and sellers (how else could you find coins other than to go to a coin shop?). However, these days, that is not the case. We have electronic tools at our disposal that directly connect buyers and sellers, so why incur the extra cost of an additional middle man? Considering that these tools are available to everyone, I have to question the actions of people that systematically make a living by skimming money between transactions when it comes to something like collectables. Buy low-sell high is the name of the game in a lot of business, day trading stocks is probably the best analogy. Money can be made by buying and selling stocks...or buying and selling coins...But what is the actual service being provided? I tend to be overly principled/judgmental when it comes to these kinds of things. But collectables are supposed to be valued based on the desires of collectors. When business interests are incorporated into the system, then the market becomes something that pulls away from the sentimental foundations of the hobbies. Kind of corrupts it in a way.[/QUOTE]
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From where do the dealers and auction sites get their coins?
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