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<p>[QUOTE=&quot;GDJMSP, post: 354385, member: 112&quot;]There are more dealers than you can count who do not ever use the Grey Sheet. They price their coins at whatever they want and they have managed to stay in business for decades.</p><p><br /></p><p>How ? Easy, people buy them. Why ? Because believe it or not a very large segment of the collector community really has little or no idea of what coins are actually worth. Nor can a whole lot of them tell when a coin is a problem coin. They have done business with their dealers all of their lives and they continue to do so.</p><p><br /></p><p>Now if you think that is hard to believe then you should do some more thinking. Just look at all of the rediculous buys made on ebay. Yeah, we all know about them because we see them every day. But what you do don&#039;t see are all the rediculous buys made by collectors in coin shops every single day.</p><p><br /></p><p>And then somebody is going to say, well that&#039;s crazy. Look at all the coin forums, look at all the coin maagazines. Collectors today aren&#039;t stupid, they are well informed. Yeah right. If collectors are so well informed then why do so many of them treat price guides like Coin Values, Coin Market, the PCGS guide, the Red Book as bibles and swear the prices listed are accurate.</p><p><br /></p><p>And as for the forums, well folks if you consider all of the forums there are, every single one - there are perhaps 50,000 - 60,000 members total. And that number is probably high. And of that number perhaps only a small percentage is actually knowledgeable about coins. There are a lot who think they are, but if you read the forums you find out differently quite readily. Yes, the forum members are learning more every day they participate. They learn more about grading, they learn about accurate pricing, they learn about problem coins - they can learn just about anything. But they don&#039;t already know it.</p><p><br /></p><p>Now, if you take those numbers of say 50,000 collectors who are educated and compare it to the total number of collectors out there - which just about everyone will swear numbers in the millions - how many uneducated collectors does that make ?</p><p><br /></p><p>That&#039;s why these dealers can stay in business. That&#039;s why all of the scams on ebay are so successful.</p><p><br /></p><p>Don&#039;t like to hear that ? Well I&#039;m sorry gang - that is how it is.[/QUOTE]</p><p><br /></p>

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