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<p>[QUOTE=&quot;Player11, post: 1013866, member: 26725&quot;]Yes I bet they do pretty darned good. Its a great business for them to set up at a hotel with the cash they have and pick up material at their price. Its called buying it right. They don&#039;t have the competetion from other dealers like they would at a coin show plus the people coming in probably are out to get rid of the coins for whatever cash they can get. With the cash they have its a great business idea, especially in this economy. The overhead would be advertising, staff, hotel costs ,travel, meals, and I am sure whatever security they would need. Traveling with a huge amount of cash and coins can be dangerous.</p><p>&nbsp;</p><p>I would imagine they unload the material to dealer contacts or thru some conduit they have with Teletrade or Ebay. Strategically, they would need to buy it right (at a low enough price to immediately flip it for a profit after expenses). Then once the stuff was sold back on the road again to get some more great deals. They are smart IMO bc they are not wasting their time setting up a coin show trying to retail stuff to people who don&#039;t have any money or won&#039;t pay the money. To be successful at that business it would take lots of cash, knowing what they can flip it for, and buying it right.</p><p>&nbsp;</p><p>I have to wonder how much they really clean up. Think of all the better date, high grade gold coins they may have gotten for melt or less. But then all the tons of junk (or worse counterfeits) thats probably walking up before getting a really super buy. The other thing is bullion is going up, so its a win win situation for them.[/QUOTE]</p><p><br /></p>

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