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<p>[QUOTE=&quot;National dealer, post: 6671, member: 487&quot;]Well the greysheet is online also. But tradernick is right, most dealers in the country have coinnet on their computer running all day long. For all day use, it runs $125 a month paid yearly in advance. You must have two industry referrences and be a licensed dealer.</p><p><br /></p><p>The greysheet is published weekly and has a web page that is up to date. These bid/ask prices allow the dealers to buy and sell coins to each other at given prices. </p><p><br /></p><p>My firm often attends shows in order to buy only. Without coins, we would have nothing to sell. Traveling expenses are just part of the equation. Like we have tried to tell you, being a coin dealer is not cheap. The more money you spend wisely, the more money you make. </p><p>Profits are made in buying. </p><p><br /></p><p>Now as far as determining retail, it is based on each coin in particular. No set rules apply. If you are at a show, the coins are sold at tighter margins. This is because every dealer in the room has the same material. We are directly competing with each other for customers. We sell coins based on what others are priced at. Sometimes we raise them, and sometimes lower them. </p><p><br /></p><p>Most dealers that I know attend at least 3 shows a year. I would guess that some never attend shows. It is up to the owner of the business. Shows are nice in a lot of ways. You get to see your customers, old friends, other dealers, and new friends. It is great for buying. Most of the shows I attend have 400 dealers or more in attendance. If you can&#039;t find the coin you need there, it probably isn&#039;t available. Most of the larger shows also have auctions. These are quite a bit different from online auctions.</p><p>&nbsp;</p><p><a href="http://www.bowersandmerena.com/auctions/listings.chtml?passkey=&amp;catid=494&amp;auctid=11747" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bowersandmerena.com/auctions/listings.chtml?passkey=&amp;catid=494&amp;auctid=11747" rel="nofollow">http://www.bowersandmerena.com/auctions/listings.chtml?passkey=&amp;catid=494&amp;auctid=11747</a></p><p><br /></p><p>Now this is a good auction for dealers. </p><p><br /></p><p>Now back to shows. There are many shows we attend that we lose money on. Some shows we attend are strictly for buying. It all balances out in the end. For the show you lose money on, the coins bought once sold makes you money.[/QUOTE]</p><p><br /></p>

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