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<p>[QUOTE="GDJMSP, post: 515246, member: 112"]Pretty sure that's not what his point was. The point is that regardless of what it is - it is sold for more than the it cost the seller to get it.</p><p><br /></p><p>Everything has a markup, it's just a question of how much that markup is. With coins, it's usally 15-20% depending on total value. Higher values have smaller percentages, smaller values have larger than that. With jewelry - typical markup is 300%. Remeber that next time you buy your wife something. With furniture, markup can be anywhere from 200-600%. Remember that when you buy your next couch. Clothing can be as high as 300%. </p><p><br /></p><p>The things that have the lowest markups are the things you buy everyday - like food. Think o fit this way - the less often you buy it, the higher the markup is going to be. </p><p><br /></p><p>Coins have one of the lowest markups of anything you can buy.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 515246, member: 112"]Pretty sure that's not what his point was. The point is that regardless of what it is - it is sold for more than the it cost the seller to get it. Everything has a markup, it's just a question of how much that markup is. With coins, it's usally 15-20% depending on total value. Higher values have smaller percentages, smaller values have larger than that. With jewelry - typical markup is 300%. Remeber that next time you buy your wife something. With furniture, markup can be anywhere from 200-600%. Remember that when you buy your next couch. Clothing can be as high as 300%. The things that have the lowest markups are the things you buy everyday - like food. Think o fit this way - the less often you buy it, the higher the markup is going to be. Coins have one of the lowest markups of anything you can buy.[/QUOTE]
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