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<p>[QUOTE=&quot;Vess1, post: 514903, member: 13650&quot;]Well, here&#039;s my educated guesses.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>&nbsp; There&#039;s always somebody falling on hard times.&nbsp; They need to find somebody who will buy what they have and buy it fast.&nbsp; It&#039;s called desperation.&nbsp; The dealer offers 50% or less.&nbsp; Sold!!&nbsp; </p><p><br /></p><p>&nbsp; Old person inherits a collection.</p><p>&nbsp; Kid inherits collection.</p><p>&nbsp;&nbsp; Husband dies.&nbsp; Never communicated much with his wife or documented the collection.&nbsp;&nbsp; Wife brings collection in to see what she can get to help pay the bills.&nbsp; Dealer offers &quot;X&quot;%.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp;Next scenario.&nbsp; Collection is stolen.&nbsp; Thief has no idea coin is worth 5k.&nbsp; Dealer sizes him up before offering 500 bucks.&nbsp; Thief takes the money and runs!</p><p><br /></p><p>&nbsp;Coin shows.&nbsp; Dealer to dealer wholesale transactions are dirt cheap.&nbsp; Look at a greysheet some time and then try to get those prices.</p><p><br /></p><p>&nbsp;Next option.&nbsp; Buying in bulk from the mint.&nbsp; Sooner or later, something&#039;s going to hit (99 silver proof sets as one example).&nbsp; Anybody that hoarded them made easy money.&nbsp; </p><p><br /></p><p>&nbsp; Or, they can play the grading game.</p><p>&nbsp; Dealer knows what they are doing.&nbsp;&nbsp; Looks for premium MS-65 coins.&nbsp; Re-submits them multiple times until it comes back as a 66.&nbsp; Instant profit, sometimes major profit.&nbsp; &nbsp; If this succeeded with one, single, coin, the price difference could easily be more than a month&#039;s pay to me.</p><p><br /></p><p>&nbsp; Or, you buy proof silver eagles, etc., in bulk at the dealer discount.&nbsp; Submit them all to the TPGs.&nbsp;&nbsp; Some are bound to come back as 70s.&nbsp;&nbsp; Instant, major profit for doing very little.&nbsp; </p><p><br /></p><p>&nbsp; From what I gather, it would appear that as the dealer gets bigger with more available assets and $$ to buy things, the easier the business would get.&nbsp;&nbsp; Like any other business.&nbsp; </p><p>&nbsp;Once you can write a check for anything that comes in the door, on the spot, I would imagine the sky&#039;s the limit.</p><p><br /></p><p>&nbsp; Some probably knowingly sell fakes.</p><p><br /></p><p>&nbsp; Just to name a few ways.&nbsp; I&#039;m sure there&#039;s many more.&nbsp; And I wouldn&#039;t know the details.&nbsp; But I do know some aim for insane profits.&nbsp; 100% or more is certainly not out of the question.&nbsp; I&#039;ve seen it.</p><p><br /></p><p>&nbsp; It never ceases to amaze me at how lazy people are.&nbsp; Young and old alike.&nbsp; There&#039;s no desire to use any energy to find out what something is actually worth (even in the age of the internet!!)&nbsp; before going to get their (likely) 50% or less offer from the dealers.&nbsp; &nbsp; It&#039;s easier to let the dealer dictate the values to them and they gratefully take the check and walk away.</p><p><br /></p><p>&nbsp; I don&#039;t know what the proper etiquette is at shows when people come in trying to sell to dealers but one of these times, I&#039;m going to beat a dealer&#039;s offer and get some steals that I didn&#039;t plan on going there for.[/QUOTE]</p><p><br /></p>

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