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If a Dealer can sell a coin for $100 what should he pay?
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<p>[QUOTE="ikandiggit, post: 998654, member: 16269"]Each morning I search the coins and bank notes at work. Over the last year, I've pulled a couple of hundreds of dollars (face value) of collectible coins and more than a dozen error bank notes. Collector value is almost $8,000 but I paid face for them, less than $400. My boss doesn't object to me searching because he doesn't have any interest in the coins or notes other then them being cash for deposit. </p><p><br /></p><p>When I go to yard sales or to thrift stores and buy their items, they are priced and I either pay the price or move on. If they have an item priced at $1 and it's worth $50 or $100, it's to my benefit. The seller is happy to sell the item for the price they put on it. Now if I turn around and sell it for $100, I don't feel obligated to go back and give the extra profit to the original seller nor do I feel that because I only paid a dollar for it that I'm going to sell it for $1.50.[/QUOTE]</p><p><br /></p>
[QUOTE="ikandiggit, post: 998654, member: 16269"]Each morning I search the coins and bank notes at work. Over the last year, I've pulled a couple of hundreds of dollars (face value) of collectible coins and more than a dozen error bank notes. Collector value is almost $8,000 but I paid face for them, less than $400. My boss doesn't object to me searching because he doesn't have any interest in the coins or notes other then them being cash for deposit. When I go to yard sales or to thrift stores and buy their items, they are priced and I either pay the price or move on. If they have an item priced at $1 and it's worth $50 or $100, it's to my benefit. The seller is happy to sell the item for the price they put on it. Now if I turn around and sell it for $100, I don't feel obligated to go back and give the extra profit to the original seller nor do I feel that because I only paid a dollar for it that I'm going to sell it for $1.50.[/QUOTE]
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If a Dealer can sell a coin for $100 what should he pay?
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