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<p>[QUOTE=&quot;GDJMSP, post: 1964197, member: 112&quot;]Well Rusty that&#039;s more of an issue of the specific dealer just wanting to make more money on a given coin. Or, a happenstance of a dealer having paid too much himself for the coin in question so he prices it accordingly.</p><p><br /></p><p>That said, it is extremely common for dealers to put their asking prices all over the map. For example, pick any coin you want in any grade you want, have dealer A have 1 example, dealer B another, and dealer C yet another. For all intents and purposes all 3 coins are equal, or as close as they can be.</p><p><br /></p><p>But dealer A has an asking price of say $250 for this coin. Dealer B will have an asking price of $350 for this coin, and dealer C will have an asking price of $500 for this coin. And yet all 3 coins are equal. This happens every single day. And all 3 of these dealers would be trusted and respected dealers.</p><p><br /></p><p>Now the price guides are almost all based on dealer asking prices. That&#039;s why, depending on what price guide you look at, you find values listed for the same coin that are so widely different than those values listed in another price guide. Dealer asking prices are based on what dealers you ask.</p><p><br /></p><p>Numismedia will ask 10, 20, or whatever number of dealers what their asking prices are for a given coin in a given grade. CDN will look up the single lowest asking price fora given coin in a given grade that they can find on the dealer networks. And that is the value they list for that coin. PCGS may ask 10, 20, or however many dealers what their asking price is for a given coin in a given grade, but those dealers are all entirely different dealers than those asked by Numismedia or CDN. And that&#039;s why the values listed in the price guides are all over the map. It&#039;s those values are based on the asking price of specific dealers.</p><p><br /></p><p>For some dealers, 10% profit is enough, on a given coin. For others, 20% is what they ask. For yet others they may ask even 100%. It all depends on the dealer and the coin and the specific circumstances that go with it all.</p><p><br /></p><p>You have to always remember that fully 80% or more of <u>all</u> coin transactions, both buying and selling, take place between 2 dealers. Every day ! And sometimes a single given coin will be bought and sold between 5 or 6 different dealers, maybe even more, before that coin ever lands in the hands of a collector. And yet every one of those dealers will make money, make a profit on that 1 single coin.</p><p><br /></p><p>So, all you have to do is then imagine what dealer #1&#039;s asking price was, and then imagine what dealer #6&#039;s asking price was, to understand why dealer asking prices can so very, very, different from each other.</p><p><br /></p><p>If each dealer only made 10% profit, then the final asking price has increased by almost 60% of what it was to begin with. A coin that started out being sold at $250, by the time 6th dealer pays for it, he pays $402. If that 10% profit number was increased by even 1 dealer, the final asking price increase goes over 60%.</p><p><br /></p><p>It&#039;s easy to see how it happens.[/QUOTE]</p><p><br /></p>

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