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<p>[QUOTE="Hobo, post: 341641, member: 11521"]Bo,</p><p> </p><p>As others have stated, the middle man always takes a cut of the action. Companies are in business to make money and they make money by buying at wholesale and selling at retail.</p><p> </p><p>A dealer can reach a larger market than an individual - thanks to advertising, name recognition and reputation that come with being in business. And a dealer has overhead costs that are paid for with the markup on items so their actual profit is less than the markup on an item.</p><p> </p><p>If you have a car to sell you would not expect a car dealer to pay you full Blue Book because he has to leave room for profit when he sells the car. Sure, you could try to sell the car yourself but, while you might get more than what the dealer offered you, most people expect to pay less for a car when buying from an individual. I would think the same would apply to a bullion coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Hobo, post: 341641, member: 11521"]Bo, As others have stated, the middle man always takes a cut of the action. Companies are in business to make money and they make money by buying at wholesale and selling at retail. A dealer can reach a larger market than an individual - thanks to advertising, name recognition and reputation that come with being in business. And a dealer has overhead costs that are paid for with the markup on items so their actual profit is less than the markup on an item. If you have a car to sell you would not expect a car dealer to pay you full Blue Book because he has to leave room for profit when he sells the car. Sure, you could try to sell the car yourself but, while you might get more than what the dealer offered you, most people expect to pay less for a car when buying from an individual. I would think the same would apply to a bullion coin.[/QUOTE]
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