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<p>[QUOTE=&quot;HowardStern, post: 1603515, member: 26533&quot;]Some coin dealers are so overpriced I wonder how they make money.&nbsp; I walked into my local pawn shop a few weeks ago to purchase a few common morgans.&nbsp; I knew the going rate thanks to ebay.&nbsp; I offered $27 per coin and I wanted a lot of them..like 50.</p><p>I was turned down and offered 28 per coin.&nbsp; I like to sell morgans on ebay because it brings attention to my other coins for auction, so I dont mind taking a little loss.&nbsp; The pawn shop wanted $32 each!&nbsp; As I was leaving I asked them how they think theyd get a better price than what I offered them. They said that local dealers buy them..hahaha.&nbsp; There are no local dealers.&nbsp; Even with ebays fees and shipping costs they couldnt make more there.</p><p>Turns out the owners actually run a small auction house down the road.&nbsp; They self slab morgans with ridiculous grades and throw them in auction.&nbsp; I told them this is wrong and makes the auction look illegitimate.&nbsp; </p><p>Before I knew this, I was trying to consign some errors and civil war relics to them.&nbsp; They kept refusing my consignments, always with a new excuse.&nbsp; Its all an inside job, nobody consigns anything to them.&nbsp; They just auction off the crap they buy in the pawn shop.[/QUOTE]</p><p><br /></p>

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