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<p>[QUOTE=&quot;The_Cave_Troll, post: 521715, member: 1674&quot;]Let me explain this some.&nbsp; The crackout guy knows what he is doing and his reputation preceeds him when he is buying and selling.&nbsp; Therefore when he is selling he has 2 types of coins, his scores (upgrades that are mediocre for the grade usually) and his give-ups, which are usually very strong for the grade, so strong that when he bought it he thought it would upgrade; unfortunately it didn&#039;t and he has given up.&nbsp; </p><p><br /></p><p>When he offers his giveups to another crackout dealer then his reputation for crackout success will dictate that he can charge a higher price for those coins because they are PQ and the spreads Jack was talking about come into play.&nbsp; If the upside is great, the downside limited, and the reputation of the crackout guy good then the coin could trade at a significant premium to the &quot;normal&quot; price.</p><p><br /></p><p>This is true of normal dealers selling to crackout guys too.&nbsp; If you have a coin you think is nice for the grade and a crackout guy is looking through your coins and picks one out and asks the price, you know you can charge more because of his reputation for knowing a potential upgrade when he sees one.&nbsp; Remember, these guys aren&#039;t usually looking to fill a collector&#039;s want list, they are looking for upgrades to wholesale out later, so the numbers for them are a little different.</p><p><br /></p><p>And Hobo&#039;s comment about 7-figure profits at the crouckout game are accurate.&nbsp; There are multiple guys in that category, but you gotta be a pretty good grader and master basically all series to work at that level.&nbsp; Jack has mastered a single series, until he decides to master all of them, and especially gold, he simply can&#039;t do the volume needed to get there.&nbsp; this is not a knock on him, it is simply a statement to let you know how talented these guys are and how difficult what they do is.[/QUOTE]</p><p><br /></p>

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