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<p>[QUOTE=&quot;Shortgapbob, post: 188276, member: 6088&quot;]To use a little economics terminology, in a market with perfect information known by those involved, arbitrage opportunities will not exist, meaning the market will be &quot;efficient&quot;. For example, most of us know the prices that common silver will bring in relation to the melt value of silver. Because of this information, common silver will be bid up to a fairly consistent value by multiple bidders. The only potential profit margin will be a markup involved with the effort to resell the coins. Always remember that the time someone puts into selling something has a value (an opportunity cost because that time could be spent earning other income).</p><p>&nbsp;</p><p>Therefore, the best way to make money selling coins is to take advantage of information that you may have, but many in the rest of the marketplace do not. This allows for cherrypicking, in the same manner of VAM and other variety collectors. For example, auctions often have a number of uncirculated silver dollars that look &quot;similar.&#039;&#039; Collectors can often cherrypick coins of premium quality grades at an auction for less than the market price, as less skilled collectors do not have the information to pinpoint minor grading differences that more advanced collectors can easily detect.</p><p>&nbsp;</p><p>Sorry for the long rant, but maybe someone will find this useful.[/QUOTE]</p><p><br /></p>

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