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<p>[QUOTE="National dealer, post: 11616, member: 487"]Great question. </p><p><br /></p><p>A lot of dealers you will find will not place prices on the coins. This way, they can quote the most up to date price available. Bullion is always this way. </p><p><br /></p><p>Now on the other hand, if a price is marked, it should be sold at that price regardless of market price at the time. </p><p><br /></p><p>The vast majority of time, dealers do not have inventory sitting on the shelves. It is hard to run a business that way. Now that doesn't mean that we don't have some, but the majority is turned over quickly. </p><p><br /></p><p>Before going to a show, the inventory will be looked over to make sure current prices are on. Any adjustments made. </p><p><br /></p><p>Having said this, you have to take into consideration the costs associated with updating prices. For my firm, it costs us 50 cents to put a coin in a holder. That is factoring in the time of the employee. So is it worth the time to re-package many coins. NO. </p><p><br /></p><p>If the dealer has bought the coin at the right money, the profit will still be there. Sure they may make a few extra dollars, but it is always better to move merchandise than make a couple of extra dollars.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 11616, member: 487"]Great question. A lot of dealers you will find will not place prices on the coins. This way, they can quote the most up to date price available. Bullion is always this way. Now on the other hand, if a price is marked, it should be sold at that price regardless of market price at the time. The vast majority of time, dealers do not have inventory sitting on the shelves. It is hard to run a business that way. Now that doesn't mean that we don't have some, but the majority is turned over quickly. Before going to a show, the inventory will be looked over to make sure current prices are on. Any adjustments made. Having said this, you have to take into consideration the costs associated with updating prices. For my firm, it costs us 50 cents to put a coin in a holder. That is factoring in the time of the employee. So is it worth the time to re-package many coins. NO. If the dealer has bought the coin at the right money, the profit will still be there. Sure they may make a few extra dollars, but it is always better to move merchandise than make a couple of extra dollars.[/QUOTE]
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