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<p>[QUOTE=&quot;EdThelorax, post: 3309808, member: 99854&quot;]There are 2 Local coin shops in my town. I do business with both. One is a guy that took over his dad&#039;s store. He does all the local shows and has a good reputation with the other dealers and collectors. His overhead is low since the shop is connected to his mom&#039;s house. We are in a small city with pretty low cost of living. He consistently sells me silver at 1.25$ over spot, he buys it from me when I need cash for spot. I was in there a month ago&nbsp; and a guy walked in, they obviously knew each other. He bought 2k worth of slabs from this collector. I asked to see them and I picked out a 2015 NGC Isle of Man PF70 silver incuse Angel and 2017 PCGS IoM PR70DCAM 2oz silver high relief Piedfort first day. He said they would go for about 150$ on ebay. He also said he paid 25$&amp;50$ and would sell them to me for 30&amp;60$. I love the coins and know this is how he operates since I have been dealing with him for a decade. My best guess is he does about 300k/ yr and makes an ave. of 15% on that.</p><p>The other dealer does jewelry too has close to a mil. dollar building next to the mall. They do way more volume but does about the same spread. I had an 1882 proof Indian for sale on ebay @1100 for 3 months. When I took a bunch of Lincolns in to them to have them sent to PCGS, I took it with me. He gave me 1k, which is better than what I didn&#039;t get from ebay.&nbsp; He was confident that it would sell it at FUN. I&#039;ll include a pic. at the end of this just cause it&#039;s so fun to look at.</p><p>I get the best deals from both guys since they have known me for so long, basically dealer prices. Neither give bad deals to unknowlegeable customers. They are both fair and survive by being completely honest and making a reasonable cut of their volume.</p><p>It is completely understandable to me how the OP&#039;s shop can stay in business. That&#039;s what I would be doing if I didn&#039;t have other responsibilities. I lose money every year keeping my website free because I love silver and hate ads.</p><p>I would do business with the OP&#039;s dealer just because of the type of guy he is, even if it cost a little more. Just like I shop at the local market instead of walmart.</p><p>Hurrah for the OP&#039;s shop.</p><p><img src="http://lovinart.com/images/1882-proof-ihc.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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