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<p>[QUOTE="Paul M., post: 2360089, member: 73165"]If, by "flippers," you mean people who buy up new stuff from the Mint so other people can't get it, and then sell at inflated prices well beyond the actual market value of the coins (which is where prices settle in a year or so), I agree.</p><p><br /></p><p>If you're talking about the 'vest pocket dealer', then I disagree heartily. Those people provide a valuable service to the hobby by providing liquidity and making the market more efficient.</p><p><br /></p><p><br /></p><p><br /></p><p>I don't have an unlimited budget, nor am I particularly wealthy. But, I've never bought a coin I didn't intend to keep. If I can't see myself looking at and enjoying the coin in 5 years, I don't buy it.</p><p><br /></p><p><br /></p><p><br /></p><p>See above for what I think of "flippers." </p><p><br /></p><p>A lot of people that call themselves "dealers" don't add a lot of value either. Having coins for sale doesn't add value per se. Having a reputation for quality material (implying the dealer only purchases quality stuff for sale), filling want lists, and going to shows to bring in fresh material is what I call adding value. I know of many "dealers" who don't really do any of those things.</p><p><br /></p><p><br /></p><p><br /></p><p>I live in a metro area of 7+ million people and haven't been able to find a shop within a 30 minute drive that I like. You are not alone. (The Philly metro area is around 6 million, according to google.)[/QUOTE]</p><p><br /></p>
[QUOTE="Paul M., post: 2360089, member: 73165"]If, by "flippers," you mean people who buy up new stuff from the Mint so other people can't get it, and then sell at inflated prices well beyond the actual market value of the coins (which is where prices settle in a year or so), I agree. If you're talking about the 'vest pocket dealer', then I disagree heartily. Those people provide a valuable service to the hobby by providing liquidity and making the market more efficient. I don't have an unlimited budget, nor am I particularly wealthy. But, I've never bought a coin I didn't intend to keep. If I can't see myself looking at and enjoying the coin in 5 years, I don't buy it. See above for what I think of "flippers." A lot of people that call themselves "dealers" don't add a lot of value either. Having coins for sale doesn't add value per se. Having a reputation for quality material (implying the dealer only purchases quality stuff for sale), filling want lists, and going to shows to bring in fresh material is what I call adding value. I know of many "dealers" who don't really do any of those things. I live in a metro area of 7+ million people and haven't been able to find a shop within a 30 minute drive that I like. You are not alone. (The Philly metro area is around 6 million, according to google.)[/QUOTE]
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