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<p>[QUOTE=&quot;BadThad, post: 521483, member: 17261&quot;]Let me first say, I like ALL the dealers I do business with. Without them, I&#039;d barely have a collection, they are my main source of Lincolns. They do a service for me and I happily pay them for it. I get my best value from dealers at coins shows and even the B&amp;M&#039;s.</p><p>&nbsp;</p><p>I spend a good bit of time at my favorite dealers store. It&#039;s a cool place to hang out and talk coins, with the owner as well as customers that walk in. I don&#039;t mind that he makes money from me, he has to eat and pay bills just like me.</p><p>&nbsp;</p><p>Now, back to the topic...</p><p>&nbsp;</p><p>My fav dealer takes in a LOT of material off the street. He buys almost everything.....gold, silver, coins, currency, etc. He offers well below melt and turns around and wholesales it for like 10-15% below melt to the big bullion companies. From what I&#039;ve seen, about 95% of people that come in will take his offer and walk out with cash or a check. He REALLY knows exactly what he&#039;s doing, he&#039;s an all out pro.</p><p>&nbsp;</p><p>Now, for other stuff he buys off the street, he cherry-picks for keys, semi-keys, conditional rarity, general collectability etc. Most people come in with a box full of coins and are clueless about what&#039;s in it....usually, they don&#039;t care. He looks though it in a matter of minutes, pulls out his calculator and tosses out a number at the end. At this point, he is treating it as nothing but a bulk purchace, coins good or better, regardless of actual grade. If he looks through it later and finds high grade coins, he just scored. I see him send in a LOT of coins for grading to PCGS and NGC. Once he has those slabs, the profit is locked in. They can be sold retail or to other dealers, usually the latter.[/QUOTE]</p><p><br /></p>

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