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<p>[QUOTE="Blaubart, post: 1983092, member: 37498"]I've found that much of a LCS buy/sell spread depends on the local economy and local buy/sell trends.</p><p><br /></p><p>In a depressed economy where people are selling bullion to make ends meet, you'll often see a buyers' market. In a good economy where people are buying bullion to stack, you'll often see a sellers' market.</p><p><br /></p><p>Of course the Internet is helping to even out markets, but LCS tend to prefer buying and selling in person for the quick turnaround and lower expenses.</p><p><br /></p><p>In the same week, I visited coin stores in three different cities and I was looking for ASE at the time. In my city, they were $4.50 over spot. In Helena, MT, they were $3 over spot. In Billings, MT, they were $10 over spot. The dealer in Billings was offering $5 over spot, which was more than he'd pay if he bought them through one of the major dealers, so I asked him why are his prices so high for both buy and sell. He said he'd rather pay $5 over spot and have them in hand immediately than pay $3 over spot and have to wait a month, because even at $10 over spot, he was out of stock more often than not.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1983092, member: 37498"]I've found that much of a LCS buy/sell spread depends on the local economy and local buy/sell trends. In a depressed economy where people are selling bullion to make ends meet, you'll often see a buyers' market. In a good economy where people are buying bullion to stack, you'll often see a sellers' market. Of course the Internet is helping to even out markets, but LCS tend to prefer buying and selling in person for the quick turnaround and lower expenses. In the same week, I visited coin stores in three different cities and I was looking for ASE at the time. In my city, they were $4.50 over spot. In Helena, MT, they were $3 over spot. In Billings, MT, they were $10 over spot. The dealer in Billings was offering $5 over spot, which was more than he'd pay if he bought them through one of the major dealers, so I asked him why are his prices so high for both buy and sell. He said he'd rather pay $5 over spot and have them in hand immediately than pay $3 over spot and have to wait a month, because even at $10 over spot, he was out of stock more often than not.[/QUOTE]
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