GB Silver Three-Halfpence

PS, if the coins you like are usually €100 each, I won't be selling them at €50 !

The problem most dealers have is stock replacement.

There are no wholesalers or manufacturers out there - we can only buy what's offered to us ... just as collectors can only buy what's on offer.

I have lot of collectors looking for
- 17th C Tradesmen's tokens
- Irish hammered coins
- modern coins in EF / Unc.

but these are difficult to source.

Luck does play a part.

 

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I do have a funny story about a good customer
looking for a £10 ploughman note at a fair.

I didn't have one but I knew someone who did.
Rather than run over, put a quick markup and sell it to him ...

I brought him over, introduced him and asked the dealer for his best price, i.e. €1100. I then walked away before the transaction took place.

I saw the customer an hour later.
He complained that "he didn't buy it immediately but while he was thinking about it, another dealer bought the note and it was now €2,500"

... and somehow it was MY fault !!!

 

I should rephrase. A uniform markup (numismatic coins always get a 25% markup from wholesale purchase price) and then quick turnover.

I certainly recognize that wholesale supply is always going to be the hard part of the equation. Thanks for the personal dealer insight.

 

There is no wholesale price.
There are no wholesalers.

There are dealers that "job off" unwanted bulk lots (that they can't sell)
But that's not wholesale ... it's just dumping their rubbish !

Let's take an item selling for €1,000 at auction.
Plus 25% (incl. taxes) = €1,250

The seller gets €1,000 less 25% (incl. taxes) = €750
A dealer should pay a bit ore + sell for a bit less to get the business.
Say buy @ €800 and sell @ €1,200 = 50% margin
Seller wins, buyer wins and dealer wins !

 

Have you tried setting up a Google Alert and searching "outside" of the eBay foodchain ?