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<p>[QUOTE=&quot;ToughCOINS, post: 11979136, member: 20480&quot;]Good questions.</p><p><br /></p><p>Clearly, the whopping 54% premium in 2000 was more favorable to the current 22% premium, assuming, of course, that the dealer got all of that premium.&nbsp; If buying from a wholesale source to fill the order, that&#039;s not the case.&nbsp; If buying over the counter to do so, and holding for an eventual sale, there was definitely the potential to make a much greater profit per coin, however, in times of volatility, there is also the risk of losing one&#039;s shirt.&nbsp; A lot of dealers have been burned holding onto metals instead of selling off to a wholesaler shortly after purchase.</p><p><br /></p><p>In addition to the aforementioned element, I think there are other reasons the current premium is much lower than you recall. </p><p><br /></p><p>Today&#039;s average buyers are generally more aware of how common MS65 Saints are, and less willing to pay the high premium you cited from 2000.&nbsp; I also think that the market enthusiasm for a long-anticipated rise in gold these last few years has lost a bit of its steam among buyers and dealers alike.&nbsp; If and when that market really fires up again, you can expect the premium to rise, not unlike for ASE relative to silver spot.</p><p><br /></p><p>Generally speaking, and this should be considered applicable to all markets, orders for common dates / grades can be usually filled in relatively short order, because they are widely available.&nbsp; Because orders for them are usually easy for dealers to fill by calling an order in to one&#039;s wholesale source, there is no need to hold them in inventory, and lower margins can be justified.</p><p><br /></p><p>Scarcer coins, for which more dealer effort is involved to track them down and buy them, coupled with the greater cost of carrying them in inventory for longer until until they sell, necessitate a higher margin to recoup those associated costs.</p><p><br /></p><p>Wish I had a simpler answer for you, but buy / hold / sell decisions can be complicated for dealers, especially when working with limited funds.[/QUOTE]</p><p><br /></p>

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