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<p>[QUOTE="bhp3rd, post: 747917, member: 16510"]<b>From what you say d how you say it a think the offer was generous.</b></p><p><br /></p><p>From what you say and how you say it a think the offer was generous.</p><p> </p><p>If a common coins retail price is $200 the right buy price maybe $60 or less. As a dealer I'm never going to be able to sell that coin for $200 probablty more like $120. How do you think we make any money?</p><p>Remember the tried and true adage "you make your money in coins buying not selling coins".</p><p>There are all kinds of problems associated with persons determining what their coins may be worth first and formost is "how did you come up with that"???</p><p>For example lets take a MS-65 Washington Quarter. The retail sheet may say as much as $15 but the real price today is 12x face value or $3 and here are the reasons.</p><p>1. Common as the day is long, we see bank rolls of them, still only silver BU or not.</p><p>2. Nobody is going to want and pay that ridiculus money ($15) for such a common coin. They don't have to there are millions of them.</p><p>3. And most important, the dealer that buys this coin is going to move it out for $3.30 this very day. He will be on the phone (if he has quanity of it) as soon as you walk out the door.</p><p> </p><p>So you see, in this case that 50% of retail price would not only be gift it's not based in reality.</p><p> </p><p>Your interpretation of retail price is not based in real world events. Not even 50% of retail.</p><p>Hope this helps.[/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 747917, member: 16510"][b]From what you say d how you say it a think the offer was generous.[/b] From what you say and how you say it a think the offer was generous. If a common coins retail price is $200 the right buy price maybe $60 or less. As a dealer I'm never going to be able to sell that coin for $200 probablty more like $120. How do you think we make any money? Remember the tried and true adage "you make your money in coins buying not selling coins". There are all kinds of problems associated with persons determining what their coins may be worth first and formost is "how did you come up with that"??? For example lets take a MS-65 Washington Quarter. The retail sheet may say as much as $15 but the real price today is 12x face value or $3 and here are the reasons. 1. Common as the day is long, we see bank rolls of them, still only silver BU or not. 2. Nobody is going to want and pay that ridiculus money ($15) for such a common coin. They don't have to there are millions of them. 3. And most important, the dealer that buys this coin is going to move it out for $3.30 this very day. He will be on the phone (if he has quanity of it) as soon as you walk out the door. So you see, in this case that 50% of retail price would not only be gift it's not based in reality. Your interpretation of retail price is not based in real world events. Not even 50% of retail. Hope this helps.[/QUOTE]
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