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<p>[QUOTE=&quot;RabidRick, post: 1979642, member: 37868&quot;]I don&#039;t really understand &quot;<i>retail buyer</i>,&quot; &quot;<i>has ittle, if any right</i>&quot; or &quot;<i>earned the right to go through wholesale channels.</i>&quot; Don&#039;t get me wrong -- I realize in any profession people have to mke money. Even most of the auction houses chrge buyer&#039;s premiums. But on a lot of these lots (which *can* be nice coins) the 14% or whatever still puts the high grade coin (in the thousands) at or possibly even below wholesale depending on the consigner. The secont-to-last lot I won (1892 PF65CAM 50c) had a premium on it and I lowballed it knowing it would probably never meet the premium. It didn&#039;t meet it but I guess the consigner needed the money so they accepted my bid anyway (which was about half what NGC price guide shows, about wholesale maybe a hundred or two less given the CAM designation). I cant wait to get this one!</p><p><br /></p><p>Dealers should definitey make money but if I&#039;m buying something that expensive I think it&#039;s ridiculous to pay that kind of spread. The dealer should still make a good profit off the sale, especially if I&#039;m buying in bulk and I know many dealers and have established a reputation with many auction houses.</p><p><br /></p><p>If we are talking about a handful of good+ Indian cents and there is a 50% (or 100%, I have seen bags but I don&#039;t know what shops are paying for bulk) markup that makes sense. I have seen thousand+ coins that sold for over 100% ask, which is ridiculous. I don&#039;t care if it&#039;s an BU MS Mrgan with DMPL frost and perfect rainbow toning. Unless we are tallking about an untra-rare one-of-a-kind piece where the numbers always fuctuate like crazy this kind of behaior is going to turn people off to the hobby. They will reailze they are losing a ton of money and it would probably take many years for the value to recover (if it even does seeing how stagnant the coin market is at the moment but in my opinion it has nowhere to really go but up. Especially if silver falls more and the common stuff is a lot more affordable for many people.</p><p><br /></p><p>Gold, too... I&#039;ve been avoiding buying gold because of the bullion vaule but if it goes down a lot I&#039;d ike some pieces (like the St. Gudens or a Persian daric from Xerxes (and of course a trite once I run into something NICE). They are very ommon; I blieve the lowere denominations are a lot more rare but I gues they lack the historical value because they go for less (well, lower denominaltion almost always o for less). I aso have to finish my proof/MS 20c pieces and 3c Nickel proof 65+ CAM (I figure that should only take one or two hundred years).</p><p><br /></p><p>Then again, I payed a lot for a Lydian sigos yesterday from a local dealer but I never see them that nice so I had to. I was going to buy some Aegina turtles but even though the prices were reasonable they were not anything supurb and I have resources I can get them for better and cheper.</p><p><br /></p><p>As you can see, I&#039;m all over the place which makes the wholesale buys easier. I have a general idea of value and know how to grade but if it&#039;s a specific date I have to look it up. I&#039;m a member of Numismedia though, and despite the lack of CAM prices the FMV nd PCGS/NGS sight unseen wholesale prices seem pretty on par.</p><p><br /></p><p>Then again, if I remember correctly eBay charge about the same to the seller. It would be interesting to hae&nbsp; collector-to-collector site without any buyer&#039;s remiums. I&#039;m a web/eCommerce developer (with extensive securty testing and auditing for PCI compiance) and could build one with nice transactionl frameork for last-seond bids on popular items but this would be out-of-pocket. As long as the site doesn&#039;t generate a TON of traffic (which I do not expect anytime soon) the charges would be ery minimal. Would robably take several months to complete though (and test, but I might pay someone to do that because a.) I hate QA and b.) Testing my own code is pointless. I could think of countles fetures and maybe even have an API where other sites could integrate with us and bump up the profit margins.</p><p><br /></p><p>EDIT: I also see prolems with damaged coins (cleaned, dmaged rims hidden in the picture, environmentall damage that doesn&#039;t reallt show, etc.) since it&#039; sometimess very hard to tell in pic. Maybe that&#039;s just poilcy. </p><p>i could always do appraisals if the byer will pay for the shipping.</p><p><br /></p><p>Sorry for the rant, I&#039;m procrastiating <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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