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<p>[QUOTE=&quot;DANIEL HENRIQUEZ, post: 4533115, member: 76821&quot;]I have read a few comments above and will read all before I leave yet, here is my opinion of the &quot;local coin shop&quot;:</p><p><br /></p><p>They will always be a local coin shop but, I do see them slowly fading away but, not because of the pandemic or sheltering in place. On the contrary, their demise started some years ago when the online shopping began then, became more popular. Case in point, if you decide to buy or sell a specific coin and go to the local coin shop, you will receive about 60% of its value because the shop needs to make money when they sell it which could take days, weeks or months. Should you attempt to purchase that same coin from them, they rarely discount below 80%, again because they need to make money on the sale. This is not a very level playing field.</p><p><br /></p><p>Along comes online retailing and shopping. That same coin could fetch nearly its value or in very rare cases...could go for more depending on the buyer and their motivation. the obverse of that is buying the same coin which in many cases you could possibly purchase for well below the value and maybe at 60% as I have done many times. Personally, I need equity in a coin otherwise, its not worth the value.</p><p><br /></p><p>So, taking the above in consideration, the local coin shop needs to compete with online or begin the process of slowly dying because the deals (whether buying or selling) is not at the local coin shop. I agree with many that the interaction and neighborly fell is great in the local coin shop yet, online is catering to the need of buyers and sellers with value and discounts so, if the local coin shops don&#039;t accommodate, online will and they will soon go the way of video rental stores. Any thoughts?[/QUOTE]</p><p><br /></p>

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