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Message:: [QUOTE="gboulton, post: 1377831, member: 27043"]No offense taken at all. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> The snippets quoted above, however, are precisely why I felt it worthwhile to make the distinction I made earlier in the thread. Any dealer...of coins or anything else...regardless of the price he sets...has every right to make a profit.  Whether I'm a buyer in his market or not, I not only support his right, I encourage his efforts, and cherish those with the talent, drive, and intelligence to pull it off. However...No dealer, of anything anywhere, has a right to a profit.  Again, I think the distinction and wording is important. That dealer has every right to use his wits, his wisdom, his effort, his motivation, and his work ethic to create something of value for his customers.  In the case of coin dealers, often the value he's creating is the opportunity to purchase a rare and desirable coin a buyer might otherwise never have come across. That opportunity has value.  How much is, of course, up to the collective of potential buyers, but make no mistake...it has value.  Money, in its role as a store of value, will be exchanged.  If the dealer has more money in the end than he started with, he has made a profit. Be clear...made is precisely what he has done.  The value of the buying opportunity did not exist before he created it. He has, quite literally, brought value into the world where there was none before.  Money, as the store of that value, now finds itself...deservedly so...in his back pocket.  That profit, then, has been created by the efforts of the dealer. Any businessman with the guts to do it has every right in the world to go do the same thing. What the dealer does not have a right to is to simply will a profit into existence by virtue of some book or list or "retail market" saying he should have one.  He does not have a right to a profit simply because he is in business to make one.  Simply asserting that he's in business to make money, or that he has a right to make money, does not mean he is capable of doing so, or that he deserves it. This is where "But I've got more in it than that!" comes in to play.  I've actually had dealers ask me "Do you expect me to sell at a loss?" The presumption here is that i must acknowledge his desire to turn a profit, and must acquiesce to his demands in order to allow him to do so.  he has a right, after all. No...I don't expect a dealer to sell a coin at a loss.  I don't expect you to sell at any particular margin of P&L at all.  That's not my job, it's his. What I demand he does is sell it to me for a price I am willing to pay, or sell it to someone else.  He absolutely, as you said, has every right to refuse to sell it to me for that price. This is why we'll haggle.  He has a price at which he makes a profit...I have a price at which I'm interested.  Maybe they meet, maybe they don't.  If they do, we're all happy.  If they don't, then I'll find the coin elsewhere (or not) and he'll find a buyer elsewhere (or not). A dealer has every right to make a profit. He should never, however, expect to be granted one.[/QUOTE]

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