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Tried to sell silver to LCS today...bad to worse news
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<p>[QUOTE="GDJMSP, post: 5264711, member: 112"]I get why you and everybody else uses ebay as a source for low grade common coins - unless you use published price guides, there simply isn't anything else out there to use ! But that doesn't mean the prices you're seeing on ebay are any good, or in any way reflect real world value. Even when bad sources are all there is - they are still bad sources ! </p><p><br /></p><p><br /></p><p><br /></p><p>Here's the thing that people just don't seem to understand. A dealer offers what he offers because he can buy that given coin for that price all day long, 7 days a week ! THAT - is what defines fair.</p><p><br /></p><p>And what kind of a businessman would be if he were offer more than what he can buy it for anytime he wants ? He wouldn't be a businessman anymore - he'd be a fool. </p><p><br /></p><p>The problem, and the reason that many collectors think dealers are not being fair, is that most collectors don't know what the real world value of a given coin is - what a fair price actually is. And the reason they don't know it is because they use bad sources of information !</p><p><br /></p><p>That said, yes, there is always going to be a difference between wholesale and retail. And it's not just with coins - it's with literally everything ! And you simply cannot expect dealers to offer retail when they can buy it for wholesale literally anytime they want to. </p><p><br /></p><p>Good dealers, respectable dealers, when they make you an offer - they are giving you a fair offer. You, meaning many if not most collectors - just don't know it, don't realize it.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 5264711, member: 112"]I get why you and everybody else uses ebay as a source for low grade common coins - unless you use published price guides, there simply isn't anything else out there to use ! But that doesn't mean the prices you're seeing on ebay are any good, or in any way reflect real world value. Even when bad sources are all there is - they are still bad sources ! Here's the thing that people just don't seem to understand. A dealer offers what he offers because he can buy that given coin for that price all day long, 7 days a week ! THAT - is what defines fair. And what kind of a businessman would be if he were offer more than what he can buy it for anytime he wants ? He wouldn't be a businessman anymore - he'd be a fool. The problem, and the reason that many collectors think dealers are not being fair, is that most collectors don't know what the real world value of a given coin is - what a fair price actually is. And the reason they don't know it is because they use bad sources of information ! That said, yes, there is always going to be a difference between wholesale and retail. And it's not just with coins - it's with literally everything ! And you simply cannot expect dealers to offer retail when they can buy it for wholesale literally anytime they want to. Good dealers, respectable dealers, when they make you an offer - they are giving you a fair offer. You, meaning many if not most collectors - just don't know it, don't realize it.[/QUOTE]
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Tried to sell silver to LCS today...bad to worse news
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