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<p>[QUOTE=&quot;900fine, post: 850519, member: 6036&quot;]I agree. More importantly, it&#039;s irrelevant - for many reasons. </p><p>&nbsp;</p><p>For one thing, it varies greatly depending on what type of coins we&#039;re talking about. The closer a coin is to &quot;commodity&quot;, the lower the margins i.e. low gold, common Morgans, modern bullion all tend to be high volume, low margin. Maybe 5% - 10%.</p><p>&nbsp;</p><p>Also... the more numismatic skill is involved, the higher the risk and the higher the rewards / margin.</p><p>&nbsp;</p><p>For instance - at ANA Nationals, I talked to a dealer who had someone walk up a while back and sell him some raw $5 Indians at $300 each. He had one graded and it came MS64. That&#039;s several hundred percent margin.[/QUOTE]</p><p><br /></p>

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