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If a Dealer can sell a coin for $100 what should he pay?
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<p>[QUOTE="bigjpst, post: 998444, member: 21015"]good points again, but in reality the greysheet is a wholesale price guide for dealer to dealer purchases. I don't think very many dealers would be willing to purchase coins from the public at greysheet , mostly because they need to sell close to greysheet ask to be competetive. Or if they do alot of wholesale business they need to be even closer to bid. I am not condoning unsavory practices , but just because someone offers a low amount for a coin doesn't always make them crooked. Just watch pawn stars and see how pawn owners lowball people. and I can't think of one person who ever got offered blue book value from a car dealer. I'm sure it happens, but I have never heard of it.</p><p>the pm buy/sell spread is one of the reasons I stated before why I don't patronize one local dealer, but I think the volatilityof PM's right now makes that difficult they would be having to change the sign every 15min<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="bigjpst, post: 998444, member: 21015"]good points again, but in reality the greysheet is a wholesale price guide for dealer to dealer purchases. I don't think very many dealers would be willing to purchase coins from the public at greysheet , mostly because they need to sell close to greysheet ask to be competetive. Or if they do alot of wholesale business they need to be even closer to bid. I am not condoning unsavory practices , but just because someone offers a low amount for a coin doesn't always make them crooked. Just watch pawn stars and see how pawn owners lowball people. and I can't think of one person who ever got offered blue book value from a car dealer. I'm sure it happens, but I have never heard of it. the pm buy/sell spread is one of the reasons I stated before why I don't patronize one local dealer, but I think the volatilityof PM's right now makes that difficult they would be having to change the sign every 15min:D[/QUOTE]
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