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<p>[QUOTE="mark_h, post: 1605097, member: 3726"]My view on this is they buy back of prices on dealer to dealer transaction. That will vary from coin to coin. Just an example - a coin retails for 120. The local shop buys at 80, sells to another dealer at 100, this dealer sells at retail of 120. Now not every coin is done this way, but I have seen my local dealer do it. Now I sold some graded large cents to my local dealer - using just the grey sheet I nailed the price on every coin except for maybe 3 or 4. I know 1 they offered more than expecedt and 2 were back a little bit of what was expected. They then sold them on ebay - they did not sell as high as I expected, but they still made good money. What is even funnier is at least 2 of the coins were bought off ebay and immediately relisted at twice what they sold for. I never did see them sell the second time.[/QUOTE]</p><p><br /></p>
[QUOTE="mark_h, post: 1605097, member: 3726"]My view on this is they buy back of prices on dealer to dealer transaction. That will vary from coin to coin. Just an example - a coin retails for 120. The local shop buys at 80, sells to another dealer at 100, this dealer sells at retail of 120. Now not every coin is done this way, but I have seen my local dealer do it. Now I sold some graded large cents to my local dealer - using just the grey sheet I nailed the price on every coin except for maybe 3 or 4. I know 1 they offered more than expecedt and 2 were back a little bit of what was expected. They then sold them on ebay - they did not sell as high as I expected, but they still made good money. What is even funnier is at least 2 of the coins were bought off ebay and immediately relisted at twice what they sold for. I never did see them sell the second time.[/QUOTE]
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