Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Margins on High End Coins ?
>
Reply to Thread
Message:
<p>[QUOTE="josh's coins, post: 1976755, member: 51487"]A dealer may buy a coin from the public based upon the price the dealer wants to buy at and were the seller can live with. Just as doug said it is not my fault that the person doesn't know he has a $4000 coin in a lot of say 30 coins. If he wants say $100 for the lot I'll give it to him. I take all of the risk and labor to get that $4000 coins sold. The risk being is that the coin could lose half its value if not more by tomorrow and labor in terms of marketing the coin listing it on my site calling people up who might be interested in it. Buying tables at coin shows and trying to market it there. if I retail customer I've never met ebfore came up to my table at a coin show and offered $3800 for it I would make the counteroffer of $3900 and it would sell. The retail customer doesn't need to know what I paid for it all he needs to know is he got a $4000 coin for $3900 so to him it was a good deal. </p><p>Trying to say that dealers should pay near retail for every single coin they buy is absurd. You have to remember. Coin dealers have bills to pay. They have a car payment electric bill, food expenses, gas, Mortage/rent and who knows what else. They have to make a living selling coins so as long as these dealers are selling coins at fair market value and not something like 3X retail then I see no problem.[/QUOTE]</p><p><br /></p>
[QUOTE="josh's coins, post: 1976755, member: 51487"]A dealer may buy a coin from the public based upon the price the dealer wants to buy at and were the seller can live with. Just as doug said it is not my fault that the person doesn't know he has a $4000 coin in a lot of say 30 coins. If he wants say $100 for the lot I'll give it to him. I take all of the risk and labor to get that $4000 coins sold. The risk being is that the coin could lose half its value if not more by tomorrow and labor in terms of marketing the coin listing it on my site calling people up who might be interested in it. Buying tables at coin shows and trying to market it there. if I retail customer I've never met ebfore came up to my table at a coin show and offered $3800 for it I would make the counteroffer of $3900 and it would sell. The retail customer doesn't need to know what I paid for it all he needs to know is he got a $4000 coin for $3900 so to him it was a good deal. Trying to say that dealers should pay near retail for every single coin they buy is absurd. You have to remember. Coin dealers have bills to pay. They have a car payment electric bill, food expenses, gas, Mortage/rent and who knows what else. They have to make a living selling coins so as long as these dealers are selling coins at fair market value and not something like 3X retail then I see no problem.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Margins on High End Coins ?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...