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<p>[QUOTE="RedTiger, post: 646491, member: 19098"]For the most part, on the bourse, the honest, hard working dealers with superior skills seem to prosper. Busy dealers on the bourse I would say tend towards the honest side. On Ebay and in the magazine ads, it isn't always so fair.</p><p><br /></p><p>Size doesn't have much to do with honesty. Some of the biggest dollar volume dealers are telemarketer firms that sell coins for triple what traditional dealers charge, using high pressure tactics skewed towards investments. Some of the dealers with the worst quality and many problem coins, are those with a combination of multipage magazine ads and seemingly ultralow prices. </p><p><br /></p><p>I read a lot of stories online, and some have to be taken with a grain of salt. Some stories have an element of truth, some are one-sided versions, some are made up completely. Anyone can say anything online. Dealer bashing can be a popular sport.</p><p><br /></p><p>As an example of a story that might be taken the wrong way, here is one I overheard at a show. A dealer bought an album of Morgans for what many would call an absurdly lowball price. The rest of the story was every coin in the album was re-engraved with a knife on the reverse. Someone only observing part of the story, what coins where purchased and the obverses of the coins, might conclude that the dealer is a skunk. Those who saw the entire story could understand why the offer was so low.</p><p><br /></p><p>What some say is dishonest is just a wide spread between buying price and selling price. Some naively expect every dealer will treat every customer the same, and give every customer the same deal. When some folks see that they aren't getting the same deal as a loyal and long time customer, some cry foul and play the dishonesty card. </p><p><br /></p><p>A few folks seem to expect dealers to be charities and work for nothing, and those that charge 5% more than someone else to be dishonest.</p><p><br /></p><p>Like I said, dealer bashing can be a popular sport. Much of the time it is unwarranted. Dealers are in business to make money. A few make a very good living. The top dealers can afford two Ferraris and then some, if that is what they choose to spend their profits on.[/QUOTE]</p><p><br /></p>
[QUOTE="RedTiger, post: 646491, member: 19098"]For the most part, on the bourse, the honest, hard working dealers with superior skills seem to prosper. Busy dealers on the bourse I would say tend towards the honest side. On Ebay and in the magazine ads, it isn't always so fair. Size doesn't have much to do with honesty. Some of the biggest dollar volume dealers are telemarketer firms that sell coins for triple what traditional dealers charge, using high pressure tactics skewed towards investments. Some of the dealers with the worst quality and many problem coins, are those with a combination of multipage magazine ads and seemingly ultralow prices. I read a lot of stories online, and some have to be taken with a grain of salt. Some stories have an element of truth, some are one-sided versions, some are made up completely. Anyone can say anything online. Dealer bashing can be a popular sport. As an example of a story that might be taken the wrong way, here is one I overheard at a show. A dealer bought an album of Morgans for what many would call an absurdly lowball price. The rest of the story was every coin in the album was re-engraved with a knife on the reverse. Someone only observing part of the story, what coins where purchased and the obverses of the coins, might conclude that the dealer is a skunk. Those who saw the entire story could understand why the offer was so low. What some say is dishonest is just a wide spread between buying price and selling price. Some naively expect every dealer will treat every customer the same, and give every customer the same deal. When some folks see that they aren't getting the same deal as a loyal and long time customer, some cry foul and play the dishonesty card. A few folks seem to expect dealers to be charities and work for nothing, and those that charge 5% more than someone else to be dishonest. Like I said, dealer bashing can be a popular sport. Much of the time it is unwarranted. Dealers are in business to make money. A few make a very good living. The top dealers can afford two Ferraris and then some, if that is what they choose to spend their profits on.[/QUOTE]
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