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<p>[QUOTE=&quot;ToughCOINS, post: 17195006, member: 20480&quot;]That&#039;s a really good question Randy.</p><p><br /></p><p>I think it depends on the dealer, but my outlook is as follows:</p><p><br /></p><p>For readily available coins, replacement is easy, and can usually be arranged with little more than a phone call or email.&nbsp; I don&#039;t think most dealers tend to replace upon sale, however, unless demand is very predictable, as it tends to be for Silver Eagles.&nbsp; Other than that type of inventory, I think dealers buy a bit lower than Bid, and then hold longer term for the sale, not planning to replace when sold.</p><p><br /></p><p>For coins which are much harder to come by, selling based on anticipated replacement cost is much less reliable, as the replacement is usually not available when one needs it, so the price has a lot more time to move before the replacement can be found.[/QUOTE]</p><p><br /></p>

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