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<p>[QUOTE="chip, post: 746072, member: 19122"]This reminds me of one coin "dealer" I know of, a nice enough guy to be sure, was a collector for years, had a terrible industrial accident and won the lawsuit lottery, he won enough that he was able to follow his dream of having his own coin shop. </p><p><br /></p><p>The thing is he is still actually a collector, his coins are priced so that he can keep them, I am talking about commonI silver bullion for 7 over spot, low grade late indians for 4 bucks, his shop is a meeting place for his friends, they sit and watch the game and talk, he does not have to sell anything, and he generally doesn't.</p><p><br /></p><p>I do not think greed has anything to do with it really, it is just that as a collector he buys things but rarely sells.</p><p><br /></p><p>I understand that many people think that economics is the end all be all in peoples lives, and if someone did not hear the guys story or talk to him they might look at his prices and think he was trying to gouge people. But no, his store is more of a showplace for his collection, we talked for almost an hour, he showed me some of his latest acquisitions, told me what he paid and everything, he had three lincoln legacy sets, I asked him what he was asking for them, nothing they were not for sale, I told him that some were getting 150 on ebay for them, still not for sale.</p><p><br /></p><p>Some people collect for children or grandchildren, he is unmarried, childless, he has a comfortable life and he more or less got his dream of owning a coin shop. I think for him having a coin shop ennables him to buy coins from the general public to add to his collection, but selling coins is not really part of his "business model".[/QUOTE]</p><p><br /></p>
[QUOTE="chip, post: 746072, member: 19122"]This reminds me of one coin "dealer" I know of, a nice enough guy to be sure, was a collector for years, had a terrible industrial accident and won the lawsuit lottery, he won enough that he was able to follow his dream of having his own coin shop. The thing is he is still actually a collector, his coins are priced so that he can keep them, I am talking about commonI silver bullion for 7 over spot, low grade late indians for 4 bucks, his shop is a meeting place for his friends, they sit and watch the game and talk, he does not have to sell anything, and he generally doesn't. I do not think greed has anything to do with it really, it is just that as a collector he buys things but rarely sells. I understand that many people think that economics is the end all be all in peoples lives, and if someone did not hear the guys story or talk to him they might look at his prices and think he was trying to gouge people. But no, his store is more of a showplace for his collection, we talked for almost an hour, he showed me some of his latest acquisitions, told me what he paid and everything, he had three lincoln legacy sets, I asked him what he was asking for them, nothing they were not for sale, I told him that some were getting 150 on ebay for them, still not for sale. Some people collect for children or grandchildren, he is unmarried, childless, he has a comfortable life and he more or less got his dream of owning a coin shop. I think for him having a coin shop ennables him to buy coins from the general public to add to his collection, but selling coins is not really part of his "business model".[/QUOTE]
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Why can people be cheap with selling their coins and vice versa?
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