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<p>[QUOTE="Derek2200, post: 3913871, member: 106755"]The coins could be on invoice from a wholesaler or else he also operates pawn shop. If pawn in win win situation bc he either gets coins for free or guy pawning them pays back loan plus vigorish. So retail customers he may want good 50 pct profit or more.</p><p><br /></p><p>The wholesaler could have them on invoice at bid plus 5-10 pct so the dealer will have them marked up over that. Shop dealerprofit = the sale less the invoice amount due on his purchase or sale of the coin. Let’s say 10-20 PCGs generic saints on invoice at bid plus 5 pct. He picks 5 or so really nice pieces to purchase for shop inventory (markup higher) or send to CAC which are PQ May sell some at bid plus 25 -30 pct pct plus sells a few of the lower end ones others bid plus 15 pct then settles the invoice w the wholesaler.</p><p><br /></p><p>Friend in coin club used to operate a shop like that in Jersey just regular guys working their angle. He had as a sidekick Johnny who was a bouncer at a strip club at night worked there during the day for security and run out those not real buy or sell customers shop could make money with he referred to as - bozos, tirekickers, slight of hand artists.[/QUOTE]</p><p><br /></p>
[QUOTE="Derek2200, post: 3913871, member: 106755"]The coins could be on invoice from a wholesaler or else he also operates pawn shop. If pawn in win win situation bc he either gets coins for free or guy pawning them pays back loan plus vigorish. So retail customers he may want good 50 pct profit or more. The wholesaler could have them on invoice at bid plus 5-10 pct so the dealer will have them marked up over that. Shop dealerprofit = the sale less the invoice amount due on his purchase or sale of the coin. Let’s say 10-20 PCGs generic saints on invoice at bid plus 5 pct. He picks 5 or so really nice pieces to purchase for shop inventory (markup higher) or send to CAC which are PQ May sell some at bid plus 25 -30 pct pct plus sells a few of the lower end ones others bid plus 15 pct then settles the invoice w the wholesaler. Friend in coin club used to operate a shop like that in Jersey just regular guys working their angle. He had as a sidekick Johnny who was a bouncer at a strip club at night worked there during the day for security and run out those not real buy or sell customers shop could make money with he referred to as - bozos, tirekickers, slight of hand artists.[/QUOTE]
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