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<p>[QUOTE="NorthKorea, post: 1145379, member: 29643"]The issue with this thread is how each side is viewing the other. I tend to favour the dealer in this case. Why? If the dealer hadn't updated their prices from 1987 through 1994, and you showed up at a coin show, you would tell the dealer that their prices are a bit askew. The result: Dealer would give you a huge price break to account for the drop in bullion prices. The customer would EXPECT this. A similar thing would have happened if the dealer priced for 27x face, and spot pulled back to $30. The buyer would remind the dealer that 27x face was near $37/oz and prices are ~20% below that.</p><p><br /></p><p>I don't see how this is so different for a dealer adjusting prices to sell at spot on items worth more than spot. (After all, they're in the album, so the assumption is that they're VF+ condition and not beaters.) If you don't agree with the price, you walk away. By complaining to the promoter / show-manager, you'll likely be asked to leave the show. Why? Because it's likely that 80% or more of the dealers haven't updated their prices since silver was at $25 / ozt. (I didn't pull $25 out of my head. It was based upon when I assume the Red Book prices were finalized: Sept-Nov 2010.)[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 1145379, member: 29643"]The issue with this thread is how each side is viewing the other. I tend to favour the dealer in this case. Why? If the dealer hadn't updated their prices from 1987 through 1994, and you showed up at a coin show, you would tell the dealer that their prices are a bit askew. The result: Dealer would give you a huge price break to account for the drop in bullion prices. The customer would EXPECT this. A similar thing would have happened if the dealer priced for 27x face, and spot pulled back to $30. The buyer would remind the dealer that 27x face was near $37/oz and prices are ~20% below that. I don't see how this is so different for a dealer adjusting prices to sell at spot on items worth more than spot. (After all, they're in the album, so the assumption is that they're VF+ condition and not beaters.) If you don't agree with the price, you walk away. By complaining to the promoter / show-manager, you'll likely be asked to leave the show. Why? Because it's likely that 80% or more of the dealers haven't updated their prices since silver was at $25 / ozt. (I didn't pull $25 out of my head. It was based upon when I assume the Red Book prices were finalized: Sept-Nov 2010.)[/QUOTE]
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