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<p>[QUOTE="manny9655, post: 5162726, member: 112417"]I have to disagree somewhat. I used to be a small-time stamp dealer. Mostly high volume, low end stuff. Most of the time I didn't care what the stamps went for in the price guides (there were exceptions) so long as I could get a decent markup and sell them and make money. BUT...no way was I going to sell them for MORE than what normal catalog value was (with exceptions), like the junk silver dealers are doing now. YES, I had to vet them. Yes, I had to break the sheets down into sets and package them for sale. Yes, I had to look them up just to ID them if nothing else. I was a sole proprietor and had to do it all myself. I certainly understand that the dealers have to make money, but to sell junk silver for way more than melt value is just ridiculous. The 15% rule used to pretty much apply; buy at 15% below melt and sell for 15% above it. That rule has totally gone out the window, at least with online dealers. Then you also have to figure in shipping costs. While I get it that dealing in stamps may be different than dealing in coins, it can't be all that different. Yes, PM prices are far more volatile, but...[/QUOTE]</p><p><br /></p>
[QUOTE="manny9655, post: 5162726, member: 112417"]I have to disagree somewhat. I used to be a small-time stamp dealer. Mostly high volume, low end stuff. Most of the time I didn't care what the stamps went for in the price guides (there were exceptions) so long as I could get a decent markup and sell them and make money. BUT...no way was I going to sell them for MORE than what normal catalog value was (with exceptions), like the junk silver dealers are doing now. YES, I had to vet them. Yes, I had to break the sheets down into sets and package them for sale. Yes, I had to look them up just to ID them if nothing else. I was a sole proprietor and had to do it all myself. I certainly understand that the dealers have to make money, but to sell junk silver for way more than melt value is just ridiculous. The 15% rule used to pretty much apply; buy at 15% below melt and sell for 15% above it. That rule has totally gone out the window, at least with online dealers. Then you also have to figure in shipping costs. While I get it that dealing in stamps may be different than dealing in coins, it can't be all that different. Yes, PM prices are far more volatile, but...[/QUOTE]
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