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Surprisingly strong offers at local coin show for common Peace dollars...
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<p>[QUOTE="GDJMSP, post: 1621382, member: 112"]It's pretty common for a larger dealer to have other dealers he knows try to buy up silver dollars for him from time to time. He just puts the word out and sits back and waits for the coins to come in. Then he will hold a promotional sale where he has a group call a bunch of collectors offering the coins. He will also often run a series of ads in various newspapers and magazines around the country offering the coins. He doesn't have to make much on each coin because he's selling so many of them. And in the end he makes a tidy sum.</p><p><br /></p><p>I'd say that something like that is in the works because I heard yesterday of a dealer doing the same thing, paying a premium, for silver half dollars. So it sounds like somebody is amassing coins for a promotion. </p><p><br /></p><p>It's not uncommon. Same thing is done with gold coins, or seated silver, or Barber silver, or whatever, from time to time as well.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1621382, member: 112"]It's pretty common for a larger dealer to have other dealers he knows try to buy up silver dollars for him from time to time. He just puts the word out and sits back and waits for the coins to come in. Then he will hold a promotional sale where he has a group call a bunch of collectors offering the coins. He will also often run a series of ads in various newspapers and magazines around the country offering the coins. He doesn't have to make much on each coin because he's selling so many of them. And in the end he makes a tidy sum. I'd say that something like that is in the works because I heard yesterday of a dealer doing the same thing, paying a premium, for silver half dollars. So it sounds like somebody is amassing coins for a promotion. It's not uncommon. Same thing is done with gold coins, or seated silver, or Barber silver, or whatever, from time to time as well.[/QUOTE]
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Surprisingly strong offers at local coin show for common Peace dollars...
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