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<p>[QUOTE="ToughCOINS, post: 2883881, member: 20480"]"Sometimes", as in ". . . sometimes take over a year . . .", is not often, but it does happen occasionally. I don't have the luxury of being able to buy at "street" prices like B&M shops do, and buying more generic coins to keep my buy prices closer to generic cost doesn't serve my business model well, so it's worth it to me to pay more for coins I'm sure I can sell for more.</p><p><br /></p><p>Buying special coins for resale reinforces my reputation in my chosen niche of the market. That in itself is a form of advertising, and helps justify some of the additional cost too.</p><p><br /></p><p>Also, handling better than average coins for a given issue gains me more exposure to the exceptions, as opposed to those who will buy only those coins which warrant paying nothing more than generic money for.</p><p><br /></p><p>Remember ToughCOINS is a very part time venture. I work 50 hours weekly at my full-time job and, unlike other retailers with a more conventional business model, can't manage 12 or even 6 complete inventory turns annually, even if I tried, so I haven't really missed out on all that much.</p><p><br /></p><p>Try as I might, there's not enough material in my area of the type I choose to deal in to support that many turns.</p><p><br /></p><p>I daresay mine is a special case, but will also say that, generally what you have written is quite true for most.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 2883881, member: 20480"]"Sometimes", as in ". . . sometimes take over a year . . .", is not often, but it does happen occasionally. I don't have the luxury of being able to buy at "street" prices like B&M shops do, and buying more generic coins to keep my buy prices closer to generic cost doesn't serve my business model well, so it's worth it to me to pay more for coins I'm sure I can sell for more. Buying special coins for resale reinforces my reputation in my chosen niche of the market. That in itself is a form of advertising, and helps justify some of the additional cost too. Also, handling better than average coins for a given issue gains me more exposure to the exceptions, as opposed to those who will buy only those coins which warrant paying nothing more than generic money for. Remember ToughCOINS is a very part time venture. I work 50 hours weekly at my full-time job and, unlike other retailers with a more conventional business model, can't manage 12 or even 6 complete inventory turns annually, even if I tried, so I haven't really missed out on all that much. Try as I might, there's not enough material in my area of the type I choose to deal in to support that many turns. I daresay mine is a special case, but will also say that, generally what you have written is quite true for most.[/QUOTE]
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Why do price guides overvalue everything?
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