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<p>[QUOTE=&quot;Owle, post: 1979912, member: 22004&quot;]A reasonable profit for the high end coins and currency would probably be 5%-10% after expenses at most.&nbsp; This guy seems to be running a major money making machine:&nbsp; <a href="http://www.coinraritiesonline.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinraritiesonline.com/" rel="nofollow">http://www.coinraritiesonline.com/</a></p><p><br /></p><p>Then there is Mr. Winter now married to Irma Kane one of the former heads of Teletrade:&nbsp; <a href="http://raregoldcoins.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://raregoldcoins.com/" rel="nofollow">http://raregoldcoins.com/</a>&nbsp; Huge money is getting made.</p><p><br /></p><p>I would not be surprised if they have 20-50% profit transactions after re-grading, grading of raw coins they bought as lower grades, CAC submissions where they can tack on an extra 10% as a &quot;premium&quot; fee based on their success and expertise. They have many business expenses, professional memberships, ads, shipping and insurance, travelling and security expenses.</p><p><br /></p><p>Ethical?&nbsp; At a certain point greed justifies profits as long as one has a charity or pays lots of taxes. Some dealers may have ex-wives and child support.&nbsp; The state and federal tax authorities have a right to know every basis for tax filings which gets scrutinized in &quot;examinations&quot;.&nbsp; </p><p><br /></p><p>I would guess only the top 10% of dealers are making enough to live on in this economy and state of the coin market.&nbsp; And the top 1% are doing quite well.[/QUOTE]</p><p><br /></p>

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