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<p>[QUOTE=&quot;dougsmit, post: 2756332, member: 19463&quot;]I have always felt that the best place to buy a coin is in a venue that should never have had that coin in the first place.&nbsp; If a seller never has coins under $100, few people in that market will bother to look there so cheap coins can be a good buy.&nbsp; However, too many dealers have a minimum price they will charge but that does not stop them for asking $100 for a $20 coin.&nbsp; On the other hand, it would be silly for a small dealer to list a $10,000 coin simply because people who spend that much don&#039;t usually search junk boxes.&nbsp; </p><p><br /></p><p>The biggest problem I see is everyone feels entitled to a good profit even if they bought the coin fifteen minutes earlier at the same show.&nbsp; That only works a few cycles before someone gets stuck.&nbsp; If you buy a coin at an auction, you have shown that no one else there wanted it more than you did.&nbsp; You might sell a coin for a profit if you know the market and pick the right coins.&nbsp; The fact that you outbid me on CNG last month does not mean I will pay you double next month.&nbsp; I understand how dealer can sell many coins they have.&nbsp; What I don&#039;t understand is how they can buy replacements without a lot of work and a little luck.&nbsp; One way to sell me coins is to buy coins from sellers I don&#039;t patronize.&nbsp; Another way is to find collections or wholesale lots I don&#039;t want in their entirety.&nbsp;&nbsp; One possible thread here would be to post a coin you bought this year for 1/2 what it sold for five years ago.&nbsp; You ask how but rarely really know.&nbsp; Up is not the only direction.[/QUOTE]</p><p><br /></p>

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