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<p>[QUOTE=&quot;GoldFinger1969, post: 3821498, member: 73489&quot;]John, great post.....I&#039;ve never had that trading or business mentality, I am an investment analyst by trade but never understood the actual mechanics of running a business, whether a coin shop or a local stationary store.</p><p><br /></p><p><b><span style="color: #0000ff">Question: </span></b> <i>how much of a difference between the wholesale and retail prices (bid/ask) prices on stuff did you look for when you had a coin shop ?&nbsp; </i></p><p><br /></p><p>I certainly understand not wanting to buy something and have it unsold 2 years later....so how DOES the local coin dealer make enough to pay their bills AND earn a living ?&nbsp; Is it a business where you have 1 or 2 great months and 10 or 11 blah months ?&nbsp;&nbsp; Or did you pretty much earn a decent living each and every month or quarter since you had enough customers and made it up on volume ?</p><p><br /></p><p>This is what I mean above....<i>if you bought that coin for wholesale, couldn&#039;t find a buyer for it at retail and sold it to another dealer, isn&#039;t that dealer going to pay only wholesale, too ?&nbsp; So how can you make any money unless the underlying PM price or the numismatic value itself increased during the time you held it (which would make you a speculator, buying stuff in HOPES of it appreciating, which can also go against you) ?</i>[/QUOTE]</p><p><br /></p>

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