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<p>[QUOTE=&quot;Lehigh96, post: 766390, member: 15309&quot;]d)&nbsp; Greed of dealers &lt; cheapness of collectors</p><p><br /></p><p>Numismatics is one of the only businesses in the world where the consumer (collector) has access to wholesale prices of the product they are buying.&nbsp; Can you imaging trying to sell a new car if every person who walked on the lot knew how much you paid.&nbsp; Not only do the collectors know what wholesale value is, they are so cheap they actually think they are getting ripped if they ever have to pay above wholesale.&nbsp; Somewhere along the way, coin collectors decided they are special and that they should be able to purchase any coin they want at greysheet bid.&nbsp; They are an obsessive compulsive group who in general is more concerned with &quot;getting a good deal&quot; than getting a good coin.</p><p><br /></p><p>The only reason I didn&#039;t give the &lt;&lt; to the equation was that there are just too many shady unethical coin dealers in the world who think nothing of fleecing those lacking in knowledge.&nbsp; The majority of coin dealers are like every other retailer in the world, paying wholesale for their wares and expecting to make a 5-25% profit at the time of sale.&nbsp; I have no problem with this at all.&nbsp; But the unscrupulous dealers who sell problem coins, overgrade coins, and make low-ball buy offers to unsuspecting widows represent the proverbial &quot;rotten apple&quot;.</p><p><br /></p><p>The greed/cheapness is plentiful in numismatics, but IMO, the collectors win the battle![/QUOTE]</p><p><br /></p>

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