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="medoraman, post: 1980949, member: 26302"]I agree. Its the same as in any business. </p><p><br /></p><p>Look at it this way, there is X dollars to handle a coin, and then X needed to carry the money. So, if the dealer needs $50 on average per coin for overhead, and 10% to carry the money, he will evaluate his purchase that way. If you bring him another ho hum lincoln cent set, or group of proof sets, he will need to deeply discount these since he will not get his money back for quite a while, and will have a lot of overhead tied up. However, if he can buy a nice coin for $5000 and have 6 collectors begging him to sell it to them for $5500 he can do that all day long and make a great living. </p><p><br /></p><p>Its not just a function of percentages, but every coin a dealer touches has an expense associated with it, a flat fee he needs to generate per coin to cover rent, salaries, utilities, and heaven forbid a little profit.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1980949, member: 26302"]I agree. Its the same as in any business. Look at it this way, there is X dollars to handle a coin, and then X needed to carry the money. So, if the dealer needs $50 on average per coin for overhead, and 10% to carry the money, he will evaluate his purchase that way. If you bring him another ho hum lincoln cent set, or group of proof sets, he will need to deeply discount these since he will not get his money back for quite a while, and will have a lot of overhead tied up. However, if he can buy a nice coin for $5000 and have 6 collectors begging him to sell it to them for $5500 he can do that all day long and make a great living. Its not just a function of percentages, but every coin a dealer touches has an expense associated with it, a flat fee he needs to generate per coin to cover rent, salaries, utilities, and heaven forbid a little profit.[/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...