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If a Dealer can sell a coin for $100 what should he pay?
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<p>[QUOTE="10gary22, post: 998792, member: 23626"]I have not sold any of the coins I have found in rolls yet and maybe never will. But if I did, I don;t think there is an ethical or moral obligation to share any profit with the bank I purchased the box at. I don't even label where the box came from. I mix the banks as much as I can to try and get a more varied source. I don't know if that works or not, because I haven't found very much. lol But as noted in this thread, some people like those on the Pawn Stars pay just about 1/2 of the resale value for an item. When they need to pay to restore something, of course they pay less. And they buy coins. But the Coin dealers I am aware of here in my area will try and get those coins for about 1/4 of the value. I think largely because their businesses have extremely top heavy overhead ?</p><p>You cannot keep a business running for long in that manner. Once the economic trend changes, people will not be quite as desperate for cash, but the reputation of the guys who take the advantage will remain. As well as that of those who cut a straight deal. IMHO</p><p> </p><p>gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 998792, member: 23626"]I have not sold any of the coins I have found in rolls yet and maybe never will. But if I did, I don;t think there is an ethical or moral obligation to share any profit with the bank I purchased the box at. I don't even label where the box came from. I mix the banks as much as I can to try and get a more varied source. I don't know if that works or not, because I haven't found very much. lol But as noted in this thread, some people like those on the Pawn Stars pay just about 1/2 of the resale value for an item. When they need to pay to restore something, of course they pay less. And they buy coins. But the Coin dealers I am aware of here in my area will try and get those coins for about 1/4 of the value. I think largely because their businesses have extremely top heavy overhead ? You cannot keep a business running for long in that manner. Once the economic trend changes, people will not be quite as desperate for cash, but the reputation of the guys who take the advantage will remain. As well as that of those who cut a straight deal. IMHO gary[/QUOTE]
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