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<p>[QUOTE=&quot;dave92029, post: 999553, member: 26916&quot;]As a coin collector, don&#039;t&nbsp; coin dealers sell coins at a higher price than they buy them? Isn&#039;t there a rule of thumb % difference between how much the dealer will purchase a coin and the price the dealer will sell the same coin? That&#039;s the spread...it&#039;s what enables the coin dealer to pay the rent, eat and advertise their coins.</p><p><br /></p><p>Almost everything has a bid and ask price. If you buy a new car and decide after 100 miles of driving that you don&#039;t want it, how much will the dealer buy your new car back? That&#039;s the spread.</p><p><br /></p><p>If you go online to the large PM dealers they list the price that they will pay for an item and what they charge for the very same item. They even provide lower selling prices for large quantity purchases, but those prices are never equal to what they will buy the items for...The Spread.</p><p><br /></p><p>Hope this helps. You are probably familiar with the concept but not the term.[/QUOTE]</p><p><br /></p>

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