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Margins on High End Coins ?
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<p>[QUOTE="medoraman, post: 1981037, member: 26302"]The one thing sir I would caution is that is still depends on the specific coin. A $5000 problem free, collector grade, highly desired coin the dealer can afford to have a tighter spread than maybe an esoteric "details grade" coin. This will be a tougher sell for the dealer possibly, so he has more risk and carrying costs, so he would need to discount further, and this would be very fair. I personally know dealers who have spent $1500 on a coin, carried it for a few years, and ended up selling it for $1000. This is a VERY real risk, one that has to be paid for with profit from other coins. </p><p><br /></p><p>So, if its a nearly no-brainer, certified problem free coin from a very well traded series, THEN a much tighter spread is possible. Short of those things, and the dealer needs to accout for his risks.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1981037, member: 26302"]The one thing sir I would caution is that is still depends on the specific coin. A $5000 problem free, collector grade, highly desired coin the dealer can afford to have a tighter spread than maybe an esoteric "details grade" coin. This will be a tougher sell for the dealer possibly, so he has more risk and carrying costs, so he would need to discount further, and this would be very fair. I personally know dealers who have spent $1500 on a coin, carried it for a few years, and ended up selling it for $1000. This is a VERY real risk, one that has to be paid for with profit from other coins. So, if its a nearly no-brainer, certified problem free coin from a very well traded series, THEN a much tighter spread is possible. Short of those things, and the dealer needs to accout for his risks.[/QUOTE]
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Margins on High End Coins ?
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