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<p>[QUOTE=&quot;CoinGal07, post: 408298, member: 8843&quot;]<b>Coin Dealers and Coin Collectors</b></p><p><br /></p><p><br /></p><p>&nbsp;</p><p>Because being a full time coin dealer requires they be able to BUY and unless they start printing their own money in the backroom they have to turn the inventory to buy the next deal. </p><p>&nbsp;</p><p>Dealers buy entire collections and may keep a small portion to carry and maximize the profit on key coins and dates but the more common coins or stale inventory will be dumped to other dealers just to keep the money turning. After all, they have bills, overhead, etc., just like anyone else. Usually the inventory they dump pays for the entire deal (and more) and the items kept will be the profit, eventually. </p><p>&nbsp;</p><p>Re Elaine <i>they got cheap coins from most of us collectors and general public. cause we are or most of us stupid enough to sell them cheap. of course they cheat a lot from outsiders (non-collectors). everything is bullion price. if you don&#039;t know them</i>. </p><p>&nbsp;</p><p>It amazes me how people will fully understand and accept the variance between the wholesale to retail pricing of appliances, food, clothing, jewelry and vehicles but act as if the coin dealer is evil for making a profit. It&#039;s as if they are suppose to voluntarily spend years studying numismatics and investing hundreds of thousands of dollars into inventory to ( in addition to countless hours organizing and cataloging the inventory) just have it available for the collector whenever the whim to add to their collection strikes. </p><p>&nbsp;</p><p>If all were experts and refused to sell unless top dollar, it would only make it more expensive for the collector to buy. Respectable dealers are not going to buy anything they can&#039;t sell and make a profit and they aren&#039;t going to sink their investment money into collections just to take advantage of someone wealthy but stupid to get out of the coins. </p><p>&nbsp;</p><p>Reputation in coin dealers is important and most dealers, esp storefront dealers, want to be known for being good buyers AND good sellers... not rip off artists taking every seller and buyer for a ride. Otherwise, they don&#039;t last long.</p><p>&nbsp;</p><p>The comments I hear most often lately from Coin Dealers is how they are perplexed at the number of non dealers, not even vest pocket dealers (which MOST brick &amp; mortar dealers HATE), all walking into shows shoving grey sheets in their face expecting to buy at or below bid. It&#039;s as if 90% of &#039;collectors&#039; at shows all imagine themselves &#039;dealers&#039; and expect wholesale.</p><p>&nbsp;</p><p>So every coin collector wants top dollar when they sell and the lowest possible when they buy. How in the world is this suppose to happen?&nbsp; Yes, it can happen here on Cointalk by trading.&nbsp; But if you want honest, respectable, dependable dealers at your shows year after year, something&#039;s gotta give.[/QUOTE]</p><p><br /></p>

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