Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Poll: At What Point Is A Dealer Taking Advantage
>
Reply to Thread
Message:
<p>[QUOTE="kanga, post: 929281, member: 9270"]Too many variables to make a definitive statement.</p><p> </p><p>- Dollar value of total purchase. Percentage would be different for $1000 cat value of Wheaties vs. $1000 cat value of Morgans vs. $1000 cat value of ASE's.</p><p>- Dollar value of individual items. The greater the value the lower the percentage.</p><p>- How fast can the dealer flip the item(s). The faster the turnaround the lower the percentage.</p><p> </p><p>Dealers have to put numbers on:</p><p>- the cost of doing business (selling)</p><p>- the cost of living</p><p>Look at their inventory to determine expected profit.</p><p>Look at potential purchases in light of the above.</p><p> </p><p>Selling one MS-65 1893-S Morgan for a 5% profit can keep you going for quite a while.</p><p>Selling one common date Wheatie for a 200% profit isn't going help much.</p><p> </p><p>A dealer with $10,000 in inventory needs a higher profit margin than one with $100,000 in inventory.</p><p> </p><p>And I bet there's whole bunches of factors that I didn't mention or am even aware of.[/QUOTE]</p><p><br /></p>
[QUOTE="kanga, post: 929281, member: 9270"]Too many variables to make a definitive statement. - Dollar value of total purchase. Percentage would be different for $1000 cat value of Wheaties vs. $1000 cat value of Morgans vs. $1000 cat value of ASE's. - Dollar value of individual items. The greater the value the lower the percentage. - How fast can the dealer flip the item(s). The faster the turnaround the lower the percentage. Dealers have to put numbers on: - the cost of doing business (selling) - the cost of living Look at their inventory to determine expected profit. Look at potential purchases in light of the above. Selling one MS-65 1893-S Morgan for a 5% profit can keep you going for quite a while. Selling one common date Wheatie for a 200% profit isn't going help much. A dealer with $10,000 in inventory needs a higher profit margin than one with $100,000 in inventory. And I bet there's whole bunches of factors that I didn't mention or am even aware of.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Poll: At What Point Is A Dealer Taking Advantage
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...