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The "I don't buy Coins from coin dealers at shows and stick to online buying" thread
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<p>[QUOTE="Vegas Vic, post: 1989427, member: 58810"]So are there frictionless pulleys where you live? I remember talking about them in high school physics. Unless I'm mistaken ( wow I actually have to number these)</p><p><br /></p><p>1. There are table fees, hotel costs and airfare to list a few. Your dealers have overhead just like any other venue.</p><p><br /></p><p>2. In capitalism the more sellers the more competition the lower the widget price. A show might have a couple hundred. On line there are tens of thousands.</p><p><br /></p><p>3. You are forgetting that online collectors also sell. And they don't mind not getting that extra dealer markup to cover overhead as there is none.</p><p><br /></p><p>4. This is a good example of the concept of online competition. You have a coin a dealer is selling vs what is available on eBay. FYI there is a fourth coin but the picture cut off.</p><p>[ATTACH=full]355949[/ATTACH]</p><p><br /></p><p>5. at no time am I claiming that ALL coins in any venue are great or problematic. I just state that the increased competition online drives prices down. The old school model is being replaced by online buyers.</p><p><br /></p><p>6. Lastly if you want to pay a premium for coin in hand go ahead. I'm not saying that this is the right or wrong way to buy. I'm saying it is more expensive and with returns unnecessary.[/QUOTE]</p><p><br /></p>
[QUOTE="Vegas Vic, post: 1989427, member: 58810"]So are there frictionless pulleys where you live? I remember talking about them in high school physics. Unless I'm mistaken ( wow I actually have to number these) 1. There are table fees, hotel costs and airfare to list a few. Your dealers have overhead just like any other venue. 2. In capitalism the more sellers the more competition the lower the widget price. A show might have a couple hundred. On line there are tens of thousands. 3. You are forgetting that online collectors also sell. And they don't mind not getting that extra dealer markup to cover overhead as there is none. 4. This is a good example of the concept of online competition. You have a coin a dealer is selling vs what is available on eBay. FYI there is a fourth coin but the picture cut off. [ATTACH=full]355949[/ATTACH] 5. at no time am I claiming that ALL coins in any venue are great or problematic. I just state that the increased competition online drives prices down. The old school model is being replaced by online buyers. 6. Lastly if you want to pay a premium for coin in hand go ahead. I'm not saying that this is the right or wrong way to buy. I'm saying it is more expensive and with returns unnecessary.[/QUOTE]
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