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Weird interaction at Central States show today
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<p>[QUOTE="GDJMSP, post: 1912813, member: 112"]Oh I'm sure there are. But before they can take advantage of that good deal several things have to happen. First they have to be actively looking for that given coin, then they have to find or just happen to run across that dealer in one way or another, then they have to agree on the asking price. Now just how long do you think it might take for that to happen ? It might take weeks, months, even years. And where is the dealer's money while he is waiting ? Tied up in that coin not making him any money. And what does the dealer do if the market drops in the meantime ?</p><p><br /></p><p>So what is better ? To sell the coin to another dealer right now for a small profit, or to wait, who knows how long, to just happen to run across a collector who wants it ?</p><p><br /></p><p>Coin dealers are a business and the purpose of any business is to make money. And you don't make money by sitting on your hands and waiting. You make money by moving your inventory and then getting more inventory, and doing that over and over and over again.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1912813, member: 112"]Oh I'm sure there are. But before they can take advantage of that good deal several things have to happen. First they have to be actively looking for that given coin, then they have to find or just happen to run across that dealer in one way or another, then they have to agree on the asking price. Now just how long do you think it might take for that to happen ? It might take weeks, months, even years. And where is the dealer's money while he is waiting ? Tied up in that coin not making him any money. And what does the dealer do if the market drops in the meantime ? So what is better ? To sell the coin to another dealer right now for a small profit, or to wait, who knows how long, to just happen to run across a collector who wants it ? Coin dealers are a business and the purpose of any business is to make money. And you don't make money by sitting on your hands and waiting. You make money by moving your inventory and then getting more inventory, and doing that over and over and over again.[/QUOTE]
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Weird interaction at Central States show today
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