Message:

<p>[QUOTE=&quot;Tom B, post: 1976731, member: 11854&quot;]I am a full-time dealer (read: I do this for a living) and I would like to address both the points brought up in the initial post, but also points brought up in the quoted post.&nbsp; I will also add that this thread seems to be a discussion of at least three different topics and at least one of them appears to be a carryover from another conversation, which can make all of this tough to follow for others.</p><p><br /></p><p>The statements in the quoted post (above) will be touched upon first.&nbsp; In my opinion, a retail buyer has little, if any, right to be able to claim the ability to pay the same for a coin as another dealer might pay.&nbsp; The reasons for this include that most dealers do many transactions with one another over the course of quite a few years and they build a trusting relationship with one another; additionally, dealers invest significant time and effort to make contacts with each other and to learn where to move material that might be difficult to sell on a retail basis from their inventory; also, dealers are generally willing to help one another out in terms of leads, buying stale inventory and short-term loans; and lastly, retail clients typically have not &quot;earned&quot; the right to buy at wholesale levels.&nbsp; If a retail client cannot handle this then I have to wonder if they go to their grocery store and refuse to pay a mark up for food or if they go to their physician and refuse to pay more than what basic insurance might cover-it just makes no sense.</p><p><br /></p><p>As for the original post, well, it depends.&nbsp; It depends upon if the coin is in a series that is hot (liquid), if the coin is a key date that always has a strong following, if it has some amazing individual quality that sets it apart from other otherwise similar pieces (1953-S Franklin half dollars with FBL, coins with amazing natural toning, etc...), the cash flow of the dealer and the relationship of the dealer with the client in question.&nbsp; I&#039;ve sold three coins fairly recently that fall within the low end of the original range of prices.&nbsp; One was sold wholesale and two were sold as retail transactions.&nbsp; One coin <i>cost me</i> $1,000 and I sold it for $950 because it became stale in my inventory, one coin was a key date that cost me $1,200 and I sold it very quickly for $1,350 while the third was also a key date that cost me $2,200 and I sold it for $2,400, also very quickly.&nbsp; The first two listed were retail transactions and the last was a wholesale transaction.&nbsp; I could have likely make more on the last transaction, but I have a good relationship with the buyer and he needed the coin for his want list clients, too, so I did him a favor.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in