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<p>[QUOTE=&quot;CoinBlazer, post: 3912284, member: 94776&quot;]If you have seen my previous threads about my LCS, you might remember that I clam he is seemingly being a little duplicitous, selling problem coins for full price, ASEs $4 over spot, only partial refunds on returns, a few other things...</p><p>My LCS is the only one in approximately 75 mile radius, meaning that he sorta has a monopoly on the market in my area, its southwest Missouri if that gives you a better insight.</p><p>So something that the dealer said that struck me, I brought along a friend to the shop and he in no way has any numismatic knowledge, he was just there because I was, anyway, and he was very surprised at the volume and value of stuff in the cases, so he asked the dealer, you own all this? The dealer said no, that all the coins were sorta &quot;on loan&quot;, my friend continues on, thinking that LCS is the way to big bucks and my dealer said its really not and the financial aspect is not that great...hold on...</p><p><br /></p><p>The coins were, &quot;on loan&quot;</p><p><br /></p><p>- I could most likely guess that he is in some major contract with a numismatic and bullion distributor, who offers him lots and lots of coins at wholesale, requires that he makes a certain percentage on the coins to repay the distributor and still requires that he up marks coins to keep his lights on. You might be asking, <i>why doesn&#039;t the distributor just tack on its premium before the sale? </i>Just as a purchase incentive, buy now, pay later. </p><p>&nbsp;&nbsp; - To add on to this speculation, my dealers sells a lot of modern numismatic and bullion product that would be easy to do contract sales with, he does have historically numismatic coins however they are lesser on his inventory.</p><p><br /></p><p>I don&#039;t want to speculate too much, and I could be totally wrong, but the comment provoked me...[/QUOTE]</p><p><br /></p>

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