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<p>[QUOTE=&quot;bhp3rd, post: 553765, member: 16510&quot;]<b>Hobo did do a good job but left out 1 very important item.</b></p><p><br /></p><p>Hobo did do a good job but left out 1 very important item.</p><p>That thing is buying right - coin dealers make their money buying not selling coins.</p><p>Time and time again I heard this said and was always sort of confused about it but now (after many years) I &quot;get it&quot;.</p><p>Coin dealers learn &quot;how to buy&quot;.</p><p>What do I mean?</p><p>They learn not only all that has been said but they<b> learn the fact, &quot;none, (at least very little) of this stuff is rare&quot;.</b>&nbsp; It&#039;s just not.&nbsp; Now before you&#039;all jump and say, &quot;what about my such and such or this or that listen.</p><p>Go to any coin shop and look at the coins in the display cases and ask yourself, how many of these have I seen?&nbsp; Are they online?&nbsp; Don&#039;t or haven&#039;t I owned those?&nbsp; Don&#039;t I know someone that has these?&nbsp; Have I not bought and sold some of those?&nbsp; I think you get the picture.</p><p>Each time you are in the process of buying coins think to yourself 1st, this will not be my last or only shot at that particular item.</p><p><b>Very few coins are rare and unavailable ever - lord help us if all this stuff comes on the market at once.&nbsp; Is it not true that every time you are introduced to somebody or a relative or someone finds out you into coins isn&#039;t the very next words out of the mouth, &quot;oh, I have some old coins at home my such and such put back in 19?? and I don&#039;t know what they are worth.</b></p><p>You can and should treat all customers with the utmost respect but you do not need to buy every deal that crosses your path - you can pass on the deal.&nbsp; That plus your offer is your offer, you have to build in things like, market fluctuations, how long will you have to hold it, how many do you have, do you have a place to go with it - these are legitimate business considerations.</p><p>So if you can only pay 30% to 40% back of bid for mint and proof sets, for you, at this time, it can and should be considered a legitamint offer.&nbsp; You do not have to buy anything for that matter.&nbsp; In reality (before you all jump up in the air about 40% not being a fair offer) who is to blame for somebodies mint and proof sets only being worth 30 to 40% - it ain&#039;t me or the dealer making that offer - it&#039;s the mint and the over proliferation of so called collectibles and the amount currently on the market - that&#039;s the reason why period.&nbsp; Go and try to sell your newly bought furniture or jewelry and see if you even come close to 30 or 40% back of what you paid.&nbsp; More likely you will be lucky to get 20% how what you paid.</p><p>A good dealer has &quot;to buy right&quot; or he will never stay in business very long.[/QUOTE]</p><p><br /></p>

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