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<p>[QUOTE=&quot;GDJMSP, post: 4041087, member: 112&quot;]Yes, you can have that. </p><p><br /></p><p><br /></p><p><br /></p><p>And yes, you can have that too. </p><p><br /></p><p>You&#039;re thinking the way you&#039;re thinking because you&#039;re ignoring the basics of the business. And because you are making several incorrect assumptions. </p><p><br /></p><p>First of all, how may coin shows have you been to ? And those you did attend, how much attention did you pay to what was going on and who was buying what ? As I&#039;ve explained before, coin dealers do not attend coin shows, and pay all the money they have to pay to attend coins shows, because they think they&#039;ll be able to sell enough coins to the public to make it profitable for them. They already know they can&#039;t do that ! They attend coin shows so they can sell to other dealers ! Why ? Because they the know other dealers are their best and primary&nbsp; customers, and they know they are going to be there, and because those dealers will be able to see all the coins <b>in hand</b> - that all by itself is huge ! </p><p><br /></p><p>Now I&#039;ve seen 1 single coin sold 5 times at the same coin show, to 5 different dealers, and each of the 4 who sold the coin made a profit. That kind of stuff happens all the time. It doesn&#039;t always happen, but each time it does it matters, it helps. And yeah, when a dealer can sell a coin to the public that helps too, every little but adds up. You gotta get your profit where you can when ya can. Why ? Because if you&#039;re in the coin business, you know you&#039;re gonna have a lot of losses. It is a given !</p><p><br /></p><p>Now also consider this. If coin dealers made profits as easily as you seem to think they do, they&#039;d all have to be millionaires wouldn&#039;t they ? I absolutely guarantee you they&#039;re not. You probably make more money than most of them. Why ? Because the coin business is just as tough as I&#039;m saying it is. Most of them in ordinary houses just like the members of this forum do. They have the same bills, the same responsibilities, the same everything. Now some make a lot of money, they are millionaires, but they are also few and far between. The vast majority of them manage to make ends meet - just like all the rest of us. And that&#039;s all they manage to do.</p><p><br /></p><p>Lastly, when I said all venues I meant all venues. Coin auctions are just a tiny part of all sales made. Think of the dealer websites, think of the coin shows, but mostly think of the electronic dealer market. More coin sales take place there, each and every day, than on/in all other venues combined ! And the only ones buying and selling are dealers - to other dealers. </p><p><br /></p><p>What the public buys, that&#039;s just a tiny part of a dealer&#039;s business, about 20% of it. Does he make a profit there ? Usually, but not always. Sometimes he has to sell at a loss even there - just to get rid of the inventory. A dealer&#039;s life blood is moving his inventory. If he has to just sit on inventory - he&#039;s gonna starve to death. </p><p><br /></p><p>And of course this also explains why when a dealer sells to the public he has to sometimes require between a 10% and 100% markup, depending on the coin. Maybe most of his sales are a 30% markup. But that&#039;s because he knows public sales are only about 20% of his business.</p><p><br /></p><p>Now add all that up, ordinary houses, ordinary cars, ordinary bills, and a virtual mountain of expenses - dealers work and struggle to get by just like everybody else. Why ? Because everything I&#039;m saying is true.[/QUOTE]</p><p><br /></p>

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