Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
How do dealers make any money?
>
Reply to Thread
Message:
<p>[QUOTE="GregH, post: 2915680, member: 75936"]How do coin dealers make a living?</p><p><br /></p><p>I’ve thought about the business, and I wonder how it’s done. Websites, coin show attendance, travel etc must cost a lot of money.</p><p><br /></p><p>I’ve looked at the hammer prices of group lots at auctions, and doing the maths, I can’t figure out how you’d make your money back by buying Gordian III/Constantine Dynasty/the usuals in bulk for these hammer prices. Especially with the added risk of buying without having personally seen the lots.</p><p><br /></p><p>Or, you might be lucky winning an individual coin at a low price and then flipping it with a mark up - but you’d really need to spend a lot of time watching auctions for promising candidates.</p><p><br /></p><p>I can understand how CNG, Roma etc make their money with seller/buyer fees and fees for photography. But how does a dealer make a living?[/QUOTE]</p><p><br /></p>
[QUOTE="GregH, post: 2915680, member: 75936"]How do coin dealers make a living? I’ve thought about the business, and I wonder how it’s done. Websites, coin show attendance, travel etc must cost a lot of money. I’ve looked at the hammer prices of group lots at auctions, and doing the maths, I can’t figure out how you’d make your money back by buying Gordian III/Constantine Dynasty/the usuals in bulk for these hammer prices. Especially with the added risk of buying without having personally seen the lots. Or, you might be lucky winning an individual coin at a low price and then flipping it with a mark up - but you’d really need to spend a lot of time watching auctions for promising candidates. I can understand how CNG, Roma etc make their money with seller/buyer fees and fees for photography. But how does a dealer make a living?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
How do dealers make any money?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...