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Message:: [QUOTE="GDJMSP, post: 3903831, member: 112"]You're asking how he does it, and yet he's told you how he does it - but you and apparently others doubt him. To me, what he's saying makes perfect sense and it's pure simplicity. To help explain that lemme ask you a question or two. Are you aware that 80% of all coin sales are dealer to dealer transactions ? They are, and that matches up perfectly with what he's saying. Next question would be, are you aware of what the spread is that majority of coin dealers operate on is ? For most of them it's pretty close to 10%, though quite a few do go a good bit higher than that. And I'm talking about averages here, not averages for all dealers, but averages for individual dealers. For instance, on some coins, depending on the price, a dealer may be able to accept a lower profit percentage, maybe even 2 or 3% on high dollar coins. On low dollar coins he has to get a much higher percentage, maybe 50% or even 100% in order for the deal to be worthwhile. 2 or 3 % of a 6 figure coin is a lot, but 50 or even 100% of a $10 coin is very little. So, accepting that most dealers operate on a 10% profit margin, and he's operating on a 4% profit margin - that kind of explains everything doesn't it ? That's how he makes money in this market. Or you can throw the whole idea out the window and say I don't believe it. But me, I do because it makes perfect sense.[/QUOTE]