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If a Dealer can sell a coin for $100 what should he pay?
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<p>[QUOTE="medoraman, post: 996078, member: 26302"]While I can hate on dealers some too, (posted a thread a couple of days ago about a coin show), there are lots of other costs they need to absorb as well. When they buy your coin, maybe it is a forgery, (lots of those showing up nowadays), cleaned, AT, etc , etc before you even consider how long his money will be tied up, if he can sell for greysheet, and eating. Every good dealer I know has a black cabinet, coins he has bought and had to eat because they are forgeries. Bad delaers do not have these since they sell them to the next sucker, but good dealers do the right thing and take these off of the market. So a $100 retail coin has a lot more expense to a dealer than you may think, and the difference between $100, (if he can get that), and what he pays you is not all profit.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 996078, member: 26302"]While I can hate on dealers some too, (posted a thread a couple of days ago about a coin show), there are lots of other costs they need to absorb as well. When they buy your coin, maybe it is a forgery, (lots of those showing up nowadays), cleaned, AT, etc , etc before you even consider how long his money will be tied up, if he can sell for greysheet, and eating. Every good dealer I know has a black cabinet, coins he has bought and had to eat because they are forgeries. Bad delaers do not have these since they sell them to the next sucker, but good dealers do the right thing and take these off of the market. So a $100 retail coin has a lot more expense to a dealer than you may think, and the difference between $100, (if he can get that), and what he pays you is not all profit.[/QUOTE]
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If a Dealer can sell a coin for $100 what should he pay?
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