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Message:: [QUOTE="cdcda, post: 525266, member: 941"]As a dealer I'll weigh in with my two cents... First, on the topic of where I acquire my inventory, it comes from a variety of sources the two largest of which being advertising and word of mouth. Last night for example, I purchased a collection from an individual who had been referred to me another individual from whom I had bought a decent sized collection several days prior. As we all known, the numismatic community is often one where most higher end collectors know and are often even doing business with each other. Treat your customers fairly when it comes to purchases, and word gets around. As for sales of coins to dealers, this is a method by which we as dealers can acquire the specific inventory that our customers seek. A few years ago for example, I sold several very rare California fractional gold pieces to another dealer as I knew he had the market for them, which I did not. Yesterday, I needed a 1909-S VDB in MS63 for one of my customers and did not have one in stock so I acquired one from the same dealer. When these sales take place we, as  dealers, give up some profit margin but gain the ability to satisfy our customer's needs through the utilization of a vast network of dealers. In the end, coins are always destined for collectors but I have to agree, they can often move from dealer to dealer quite a bit before they get there![/QUOTE]