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<p>[QUOTE="Detecto92, post: 1752052, member: 75105"]There are dozens of large dealers that charge much less for coins. Provident sells silver dollars. As a matter of fact they sell average circ 1921 morgans for $27.53. That's $43.97 LESS than what Littleton wants. Provident advertises on the internet too. </p><p> </p><p>They don't seem to be hurting do they? In fact, take a look at other coin dealers as well. They aren't crying for money are they? </p><p> </p><p>Take a look at all the coin dealers, and you will see they make a tidy profit, yet you somehow want to justify littleton's asking prices because they need to pay their bills.</p><p> </p><p>Your logic seems to suggest that the reason littleton charges so much is because they have to pay for advertising. Even if you take that into consideration, they are still making far too much money.</p><p> </p><p>Take a look at walmart, they made $17b net profit last year. They advertise on the radio, tv, internet, print ads, and more. Yet they are one of the LOWEST priced stores in America.</p><p> </p><p>Provident's buy price on 1921 average circ morgan dollars are $23.05, they sell them for $27.55. </p><p> </p><p>They make $4.50 on each one sold.</p><p> </p><p>So if Littleton is buying them for $25 (which is more), and is selling them for $71.50, they make $46.50 on each one, which is 10x more than provident.</p><p> </p><p>Does provident seem to be hurting for money? Are they going out of business? No...in fact they are doing quite well.</p><p> </p><p>So you keep on thinking 10x profit is justifiable, I will keep on thinking about one word, GREED![/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1752052, member: 75105"]There are dozens of large dealers that charge much less for coins. Provident sells silver dollars. As a matter of fact they sell average circ 1921 morgans for $27.53. That's $43.97 LESS than what Littleton wants. Provident advertises on the internet too. They don't seem to be hurting do they? In fact, take a look at other coin dealers as well. They aren't crying for money are they? Take a look at all the coin dealers, and you will see they make a tidy profit, yet you somehow want to justify littleton's asking prices because they need to pay their bills. Your logic seems to suggest that the reason littleton charges so much is because they have to pay for advertising. Even if you take that into consideration, they are still making far too much money. Take a look at walmart, they made $17b net profit last year. They advertise on the radio, tv, internet, print ads, and more. Yet they are one of the LOWEST priced stores in America. Provident's buy price on 1921 average circ morgan dollars are $23.05, they sell them for $27.55. They make $4.50 on each one sold. So if Littleton is buying them for $25 (which is more), and is selling them for $71.50, they make $46.50 on each one, which is 10x more than provident. Does provident seem to be hurting for money? Are they going out of business? No...in fact they are doing quite well. So you keep on thinking 10x profit is justifiable, I will keep on thinking about one word, GREED![/QUOTE]
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