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What price should you expect to pay at a coin show?
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<p>[QUOTE="Mr. Coin, post: 314007, member: 10681"]I don't think it's fair to say only the "big guys" buy at 20-30. In my experience, all dealers, large and small, are aggressive when buying coins. Rape and pillage is not too strong a term in my opinion. The average purchase for many is someone walking in off the street with their dead grandfather's collection asking to unload it at any price. Most of these guys make money hand over fist on the buy side.</p><p> </p><p>That said, I don't begrudge anyone the ability to set whatever price they want for their product. However, I reserve the right to pass on their product, and even provide verbal feedback on their prices in the event I pass. The person who made that statement is IMO trying to get people on both ends. That's their right. I stop short of calling this practice unethical, but in all honesty, these dealers are out to try to screw people. </p><p> </p><p>Attempting to sell a product at greater than the stated market rate is the very definition of a screw-job, is it not?[/QUOTE]</p><p><br /></p>
[QUOTE="Mr. Coin, post: 314007, member: 10681"]I don't think it's fair to say only the "big guys" buy at 20-30. In my experience, all dealers, large and small, are aggressive when buying coins. Rape and pillage is not too strong a term in my opinion. The average purchase for many is someone walking in off the street with their dead grandfather's collection asking to unload it at any price. Most of these guys make money hand over fist on the buy side. That said, I don't begrudge anyone the ability to set whatever price they want for their product. However, I reserve the right to pass on their product, and even provide verbal feedback on their prices in the event I pass. The person who made that statement is IMO trying to get people on both ends. That's their right. I stop short of calling this practice unethical, but in all honesty, these dealers are out to try to screw people. Attempting to sell a product at greater than the stated market rate is the very definition of a screw-job, is it not?[/QUOTE]
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