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<p>[QUOTE=&quot;GoldFinger1969, post: 2330583, member: 73489&quot;]<b><i>What do gold dealers do with expensive coins like a Saint-Gaudens $20 or even bullion when they buy high and the price falls alot ? </i></b> I know that in theory a dealer doesn&#039;t want to speculate on the gold price or numismatic value, but they do need SOME inventory, right ?</p><p><br /></p><p>So if you bought a bunch of gold coins when gold was at $1,900/oz. and then it falls, maybe you sell at a loss because bullion is very fungible at any price ?&nbsp; IOTW, you buy or sell at purely market prices because it will &#039;cancel out&#039; in the end and you are looking to just collect a small fee per coin ?</p><p><br /></p><p>But what about numismatics ?&nbsp; If you bought when the price of gold and/or the premium for a $20 Saint-Gaudens was very high and your cost is now $300 higher than market, do you just wait for the market to come back to you or do you sell lower (like maybe you do for bullion) and then re-buy new inventory at the now-lower price ?[/QUOTE]</p><p><br /></p>

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