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<p>[QUOTE=&quot;USS656, post: 2089457, member: 6641&quot;]Good advice for all</p><p><br /></p><p><br /></p><p><br /></p><p>The dealers stay in business by making money.&nbsp; BTW: Just to clarify, I am not a dealer.&nbsp; Coinflation has a Morgan silver dollar value at $12.57. My biggest local dealer was paying $12.50 an ounce a couple weeks ago when the cost of silver was $1.00 higher than it is based on conflations current estimate.&nbsp; That would have meant they were buying Morgans at around $10. In their display case they had bowl of Morgans (your pick) at $24 each.&nbsp; When you are buying, you have to look at those two numbers and make sure the gap makes sense.&nbsp; If it doesn&#039;t, wait to find a better opportunity.&nbsp; Dealers are going to buy smart (because they have too) and they are going to try to maximize their profits.&nbsp; As a side note, I don&#039;t buy coins from this dealer because the gap is too big.</p><p><br /></p><p><br /></p><p><br /></p><p>Unless you buy at, or near retail during times like these (- silver being really low) and then wait for silver to go up, you are likely going to lose money on your purchase when you go to sell.&nbsp; I try not to think in terms of investment.</p><ul> <li>Be active in a coin club if possible</li> <li>At work, people know I collect so sometimes opportunities come my way.<ul> <li>Make sure you are always honest and fair when these opportunities come along</li> <li>This approach may or may not work for others</li> <li>Be careful what you share in terms of your collection with others</li> </ul></li> <li>Go to as many coin shows as possible - the bigger the better</li> <li>Build a good relationship with a <u>good</u> dealer or two</li> <li>Network on the forums with people and over time (years) you will build relationships with people that you can better trust - that will create opportunities both ways</li> </ul><p>When you go to sell, know the market conditions and try to find the best way to sell to maximize price within your time frame.</p><p><br /></p><p>If you have built that network mentioned above you may have other collectors you know and trust that can help get you maximum value and still be interesting/fair to them.</p><p><br /></p><p>Good dealers make selling easier and create opportunities for buying when they know you, know what you like, and know you are willing to pay a fair price.&nbsp; If they can turn inventory quicker when something you are looking for comes in, it works in everyone&#039;s best interest.</p><p><br /></p><p>That&#039;s my 2 cents - Good Luck[/QUOTE]</p><p><br /></p>

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