Sheldon & overton numbers

josh's coins · Jul 30, 2014

Vegas Vic said: ↑

Friends who have lots of coins to sell and have "a continuous supply" sound very much like coin dealers. Coin dealers need to sell coins at a profit. They can't afford to hand people coins at cost. Friends are friends but business is business. So my interpretation is you are going to buy retail from coin dealers and try to sell at retail +. I looked through your site I only saw a few actual coins for sale that were coins and not junk silver lots. Are these coins the ones you post for your friends? Or is it their junk silver?

I just come away with the impression you plan on buying from dealers at retail whether or not you realize this and then try to sell for over retail prices. Most coin dealers make their money on the buy not the sell. If you are not buying from retail collectors or people inheriting collections where you can pay fair dealer under market prices and then sell at market you are going to find yourself holding on to a collection of coins that you don't necessarily like but are stuck with.
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Thanks for the feedback vic. The contacts that I have are wholesale dealers so I'm still buying at a good price and then selling at retail. I know that my site doesn't have a whole lot of coins on it except for bullion but I still have about 50 more items to list. Should be up by saturday

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Sheldon & overton numbers

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