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<p>[QUOTE="GDJMSP, post: 3970528, member: 112"]Well, I'm no dealer or ex-dealer, but what he said is true and pretty dang common.</p><p><br /></p><p>When it comes to dealer buy/sell pricing the numbers vary from dealer to dealer, meaning some are higher than others - and by as much as a 100% - meaning dealer A may ask twice as much as dealer B does. But the buy/sell percentages are also relative to the dollar amount involved. Low dollar coins have higher, often much higher, percentages. High dollar coins have lower percentages. Which of course makes perfect sense if you stop and think about it.</p><p><br /></p><p>For example, if a coin only cost $100, your buy/sell percentage has to be pretty high in order to even make it worth your while to buy it and then sell it. You might and probably do need that $30/30% to make it worth your while. But if the coin cost $2,000, well then $200/10% might do it for you. And of course time is also relative - meaning how long you have to expect to hold on to the coin, having your money tied up, before you sell it. Short time, lower numbers. Long time, higher numbers.</p><p><br /></p><p>And that's with the best dealers out there. From there the numbers only go up.</p><p><br /></p><p>And again, if you stop and think about it, that makes buying coins from the collector perspective pretty dang good. I say that because average markup on things like say jewelry or furniture - that stuff runs at 300-400%. So 10-30-50% - sounds like a deal on that basis doesn't it ?[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3970528, member: 112"]Well, I'm no dealer or ex-dealer, but what he said is true and pretty dang common. When it comes to dealer buy/sell pricing the numbers vary from dealer to dealer, meaning some are higher than others - and by as much as a 100% - meaning dealer A may ask twice as much as dealer B does. But the buy/sell percentages are also relative to the dollar amount involved. Low dollar coins have higher, often much higher, percentages. High dollar coins have lower percentages. Which of course makes perfect sense if you stop and think about it. For example, if a coin only cost $100, your buy/sell percentage has to be pretty high in order to even make it worth your while to buy it and then sell it. You might and probably do need that $30/30% to make it worth your while. But if the coin cost $2,000, well then $200/10% might do it for you. And of course time is also relative - meaning how long you have to expect to hold on to the coin, having your money tied up, before you sell it. Short time, lower numbers. Long time, higher numbers. And that's with the best dealers out there. From there the numbers only go up. And again, if you stop and think about it, that makes buying coins from the collector perspective pretty dang good. I say that because average markup on things like say jewelry or furniture - that stuff runs at 300-400%. So 10-30-50% - sounds like a deal on that basis doesn't it ?[/QUOTE]
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