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<p>[QUOTE=&quot;GDJMSP, post: 1978287, member: 112&quot;]In point of fact reputable, respected, trusted, (choose your word) dealers will try for a profit margin of anywhere from 2% - 100%, depending on the value of the coin and a few other factors. With very high end coins the percentage is going to be very low, 2% of 6 figures is still quite a bit. But as I mentioned previously, with low end, very common coins that only sell for $20 or less, it is not unusual for dealer to try and get as much as a 100%, double what he paid for the coin. Both situations are considered by just about everybody to be fair. But average profit for most respected dealers is more in line with 10-20%, depending on the coin of course.</p><p><br /></p><p>Now anybody that knows coins already knows all of this, and have known it for years. But people who do not know the coin market often get all kinds of upset if and when they ever find out, or even suspect what a dealer made on a sale. For some reason they think they should be able to buy it just as cheaply as he does.</p><p><br /></p><p>Well guess what ? They can. And no, you don&#039;t have to become a coin dealer to do it. But you do have to acquire some knowledge and you do have to spend some money. If you are willing to pay the annual fees you can gain access to the very same electronic dealer networks that they use and buy coins at the same prices they do. And yeah, they pay those fees too and have for years.</p><p><br /></p><p>Now even if you do this, and you don&#039;t know coins, you&#039;re still probably going to lose your shirt, and your pants ! Because you will make more mistakes buying coins than you can count. And in numismatics mistakes can be downright expensive. And yeah, the dealers make them too. Just like collectors they can be guilty of being plastic buyers, or buy problem coins that they fail to identify as problem coins, or just pay too much, just like collectors do.</p><p><br /></p><p>Knowledge is, and always has been, and always will be - key ! For collectors or dealers. If you don&#039;t know what you are doing, then you shouldn&#039;t be doing it. And any mistakes you make are your own dang fault and nobody else&#039;s. YOU are responsible for your own actions ! And if you lose money, it&#039;s your fault. It&#039;s not the guy who sold you the coin&#039;s fault, it&#039;s your fault ! Because you didn&#039;t know what you were doing.[/QUOTE]</p><p><br /></p>

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