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<p>[QUOTE=&quot;clembo, post: 746996, member: 8033&quot;]A lot of this really does boil down to how much has the potential buyer done their homework. This varies from person to person as well. How long have they been in the hobby? How much information do they have access too? How well do they analyze it?</p><p><br /></p><p>Yes, there are a plethora of &quot;price guides&quot; available. Some decent and some just downright ridiculous. None of them are right all of the time.</p><p><br /></p><p>Here&#039;s an example. Before I worked for my current boss I decided to &quot;beef up&quot; a few semi key Lincolns as I figured they&#039;d be taking a nice jump in 2009 (I wasn&#039;t wrong). </p><p>The other local dealer that I buy from had started selling MOST of his coins at Greysheet bid.</p><p>I went in and looked at some Lincolns. He had a nice XF+ 1911-S that I was interested in. Well, just so happens that Greysheet was ahead of Coin Prices. I told him I&#039;d GLADLY pay full retail for it because I noticed it was UNDER bid. So did he, of course, so we met halfway.</p><p>This is a case of the dealer doing his homework as well. It works both ways.</p><p><br /></p><p>Yes, dealers want to maximize profit even those &quot;dealers&quot; on ebay. I haven&#039;t sold on the bay in over a year but when I did I wanted to at least cover my cost, ebay fees and maybe make a few bucks.</p><p><br /></p><p>Ideally I would like to buy coins cheap, sell them cheap and still make a profit. Like many others I have always tried to make better deals for a repeat customer.</p><p><br /></p><p>I have knowingly paid &quot;too much&quot; for a coin because I wanted it or realized it&#039;s potential. I have &quot;sat on&quot; coins too long and missed a profit. I&#039;ve been burned at times and done well at times.</p><p><br /></p><p>I guess the bottom line is although I work for a dealer I am not a dealer. I&#039;m still a collector that sells on occasion. The big plus I have is seeing how it really works and it&#039;s not all about Greysheet and &quot;fair&quot; prices. Perhaps I&#039;ve &quot;hardened&quot; over the years but I expect the buyers to know what they are willing to pay as the sellers know what they are willing to sell for.</p><p>Sometimes it works and sometimes it doesn&#039;t.</p><p><br /></p><p>I&#039;ve had coins go at auction for so much over what they&#039;re worth that I send a bonus. I&#039;ve had other coins that I lost my butt on. It happens.</p><p><br /></p><p>There is no perfect formula as there are too many variables involved. One can refer to oneself as a dealer all day long but this thread is about sellers. There is a world of difference between the two IMHO.</p><p><br /></p><p>Enjoy the hobby no matter what folks.[/QUOTE]</p><p><br /></p>

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