Reply to Thread

Message:: [QUOTE="Midas, post: 68108, member: 2761"]I said dealers will TRY to get...  90% may not be a good figure as most dealers live and die on the bid/sell pricing from grey sheets.  It doesn't mean they follow these figures to the letter of the "law", it just serves at a market "snapshot" guide.  After all, a dealer that has 5 of one coin already in his inventory would be less inclined to purchase the 6th coin versus if he didn't inventory this given coin and/or he knew of a buyer that would immediately take it off of his hands. After all, they are in business to buy product, invetory it, sell it and hopefully make  a profit to keep the lights on.  A person that walks into a coin shop will not be able to sell their coin at retail (and that alone is the $64 million question as to what is retail?).  That same person could try to sell it elsewhere (i.e. eBay) and see how the market responds, but if he wants cash immediately from a dealer (wholesale dollars), then those factors have to be taken into consideration. Also, the prices for the ANACS slabbed Morgan above were from recent PRICES REALIZED...a pretty good indicator of what the market would be bearing for this coin, in the given grade from the given grading service.[/QUOTE]