Message:

<p>[QUOTE=&quot;Coinchemistry 2012, post: 1978200, member: 28107&quot;]One potential distinction is that coins are luxury items whereas food, shelter, medical services, and legal services are not.&nbsp; And while I don&#039;t believe in regulating the coin industry and don&#039;t believe in price fixing, I believe that buyers can and should use any information available in determining whether to purchase the item, including but not limited to the cost of liquidation in the event of an upgrade or other circumstances that require liquidation.&nbsp; To this end, a dealer&#039;s margin is relevant.&nbsp; Coins with a smaller spread between wholesale and retail are less risky in a sense than those with huge spreads.&nbsp; It all depends on the coin.</p><p><br /></p><p>And while I don&#039;t haggle with dealers, I have been to a good number of coin shows and (long, long ago) brick and mortar shops to hear negotiations between dealers and collectors.&nbsp; Ironically, dealers who argue that their margin is irrelevant when selling coins for a large markup are often the same ones that are quick to bring up their margin and cost when it comes time to break even or take a small loss even when market conditions might be lower than when the dealer purchased the piece.&nbsp; If collectors shouldn&#039;t care about margins in the view of dealers, then it is hypocritical of them to bring up margin when it is conducive to them.[/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