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<p>[QUOTE="SilverWilliesCoinsdotcom, post: 2882266, member: 86795"]Not only is the demographic changing, but the <i><b>speed </b></i>of the hobby has increased. People who flip coins buy and sell in a matter of days or weeks when in the past the smaller audience exposure and reach stretched that out to months or even years. We make money faster, and lose money faster.</p><p><br /></p><p>Continual losers eventually drop out. Many of the successful online dealers make their money by bundling cost efficient sales based on shipping & handling cost efficiency. It's hard and costly to sell a single small ticket coin online today, especially when everyone seems to want to micro-manage their mailbox arrivals every step of the way.</p><p><br /></p><p>Also, the amount of information available online is overwhelming and fuels our passion for spontaneous gratification. It must be increasingly difficult for the traditional dealer to make a living now considering that with a few clicks, even the most casual collector can reach a massive audience through the internet through such online sales and auction venues as eBay. We complain about eBay fees but when you look at the major traditional auction houses they are slight in comparison, the only real difference perhaps being that one has the impression of wearing a tuxedo at the door and serving you wine and cheese.</p><p><br /></p><p>The bottom line rules today more than ever.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverWilliesCoinsdotcom, post: 2882266, member: 86795"]Not only is the demographic changing, but the [I][B]speed [/B][/I]of the hobby has increased. People who flip coins buy and sell in a matter of days or weeks when in the past the smaller audience exposure and reach stretched that out to months or even years. We make money faster, and lose money faster. Continual losers eventually drop out. Many of the successful online dealers make their money by bundling cost efficient sales based on shipping & handling cost efficiency. It's hard and costly to sell a single small ticket coin online today, especially when everyone seems to want to micro-manage their mailbox arrivals every step of the way. Also, the amount of information available online is overwhelming and fuels our passion for spontaneous gratification. It must be increasingly difficult for the traditional dealer to make a living now considering that with a few clicks, even the most casual collector can reach a massive audience through the internet through such online sales and auction venues as eBay. We complain about eBay fees but when you look at the major traditional auction houses they are slight in comparison, the only real difference perhaps being that one has the impression of wearing a tuxedo at the door and serving you wine and cheese. The bottom line rules today more than ever.[/QUOTE]
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