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<p>[QUOTE=&quot;rhoggman, post: 421479, member: 13987&quot;]I think this is an great point. </p><p>&nbsp;</p><p>I also think the reason that online dealers do so well is because they have made their business more modern. I purchase most of my stuff online because honestly they have better stuff than my local dealer.</p><p>&nbsp;</p><p>Location is everything, so I think an actual shop can do well in a good location. The problem I find with many coin shops is they are far from modern. Often times the dealers are old-school and not exactly in step with where the hobby is.</p><p>&nbsp;</p><p>For example... my local dealer&#039;s is not exactly booming in the biz because his shop hasn&#039;t been updated (painted or brightened up) since the 70&#039;s, he is still selling and displaying worn circulated crap in 2x2s, he doesn&#039;t have an online presense, and he is not exactly the most amicable guy in the world. He makes money because he is the only coin shop. Also, I am pretty sure he supplies other non-shop owning dealers in the area.</p><p>&nbsp;</p><p>However, I do think he could be more successful&nbsp; with a little effort, and maybe a bigger selection of slabbed material. I&#039;m sorry... I know people like raw coins, and I know they are cheaper, and TPG&#039;s are evil, but the bottom line is Hertage, Stacks, DLRC, Teletrade, and most major online dealers make their money on slabbed coins. People want slabbed coins.</p><p>&nbsp;</p><p>I don&#039;t want to buy the coin (usually) that was inherited and now being liquidated after 3 generations of being tossed around in a coffee can. You know the one the dealer payed bullion for, and now wants to use the PCGS price guide as his own MSRP for coins he has graded with &quot;50 years of experience&quot;. </p><p>&nbsp;</p><p>I know there are other people out there like me in a metro area of over 5 million that would rather buy a coin sight-seen rather than competing with thousands of people on the internet over a picture.</p><p>&nbsp;</p><p>It is unfortunate that many dealers have not adapted to the market.... which is why I think the coin shop is a dying breed.[/QUOTE]</p><p><br /></p>

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