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<p>[QUOTE="myownprivy, post: 3649895, member: 84588"]Dealers don't make the big bucks buying a few coins at shows. I'd encourage you to chat with your local coin shops about their businesses and read up on the business online. They make money on tons and tons of volume which they purchase for a few percent lower than they sell. They always buy and sell regardless of the market, because their business is buying about small margins on large volume.</p><p><br /></p><p>The people you describe are more like individual who makes a nice living for himself selling on ebay. For example, the guy who goes to shows to buy things that he believes will make him money. These folks can make a living doing this at coin shows just as much as they can at toy shows or thrift stores. But these are NOT anything like the dealers mentioned in this thread. The bullion dealers we are talking about in this thread own brick and mortar locations and they are they buy and sell precious metals no matter what the market. They are not especially knowledgeable about numismatics, maybe not as much as the coin dealer you describe, but they certainly know more than the general public. Their business is primarily bullion and secondarily numismatics. They make their living primarily on volume.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3649895, member: 84588"]Dealers don't make the big bucks buying a few coins at shows. I'd encourage you to chat with your local coin shops about their businesses and read up on the business online. They make money on tons and tons of volume which they purchase for a few percent lower than they sell. They always buy and sell regardless of the market, because their business is buying about small margins on large volume. The people you describe are more like individual who makes a nice living for himself selling on ebay. For example, the guy who goes to shows to buy things that he believes will make him money. These folks can make a living doing this at coin shows just as much as they can at toy shows or thrift stores. But these are NOT anything like the dealers mentioned in this thread. The bullion dealers we are talking about in this thread own brick and mortar locations and they are they buy and sell precious metals no matter what the market. They are not especially knowledgeable about numismatics, maybe not as much as the coin dealer you describe, but they certainly know more than the general public. Their business is primarily bullion and secondarily numismatics. They make their living primarily on volume.[/QUOTE]
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