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<p>[QUOTE="GoldFinger1969, post: 4041416, member: 73489"]HUH ??? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p>How can 100 guys or 2 guys trade back-and-forth and they ALL make money ? It's zero-sum.</p><p><br /></p><p>I'm not talking about selling older inventory they purchased a long time ago on the cheap. And presumably they could sell that to the public and make a profit, too.</p><p><br /></p><p><b><i>The more $$$ made by the first 4 SELLERS....the bigger the loss or underwater amount the 5th person, the BUYER, is....right ?</i></b></p><p><br /></p><p>I get that the coin show is a great opportunity for dealers to find specific inventory. But in the balance, it has to be zero-sum. If not, that video I posted of the Baseball Card gatherings in Parsippany, NJ....where you only had dealers.....would also be profitable since all the dealers are trading with one another. In fact, the video told of how the industry and hobby are dying.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie10" alt=":oops:" unselectable="on" unselectable="on" /></p><p><br /></p><p>If all the coin dealers spend $1,000,000 buying other dealers coins...<b><i>are you saying that's as good as me and the folks at CT going in with $1,000,000 and taking stuff off their hands ?</i></b></p><p><br /></p><p>No...I completely agree. I know it's a tough business. I WANT the folks who I buy from to make $$$ -- better them than Ebay or HA. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>I just don't see the mathematics of a bunch of dealers all trading with one another and ALL profiting from buying and selling....I see it as more zero-sum....I see specific NEEDS being filled and maybe you get a good deal where someone has such a low cost-basis that they are happy to make 80% on the coin and not 100% and the buyer gets a price low enough where he can re-sell it to the public and make a nice spread....but again...in the aggregate....???</p><p><br /></p><p>Maybe I'm missing something. But I can't believe that $1 MM of dealers buying-and-selling to one another is the same as $1 MM coming from the public or CT.</p><p><br /></p><p>Again...no argument...but can they ALL be making money trading with one another ???? I know I'm sounding like a broken record, but in the end without the public I see it as zero-sum.</p><p><br /></p><p>Maybe this is why I never went into business for myself. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>You might be right, Doug....I'm just having trouble visually seeing it.</p><p><br /></p><p>It comes down to me as....what's better...dealers buying from one another (zero-sum for the most part) or new $$$ from the public and collectors like me (new money + buying at retail, not wholseale).</p><p><br /></p><p>But I do appreciate your posts, I'm learning. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" /></p><p><br /></p><p>I think. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4041416, member: 73489"]HUH ??? :wideyed: How can 100 guys or 2 guys trade back-and-forth and they ALL make money ? It's zero-sum. I'm not talking about selling older inventory they purchased a long time ago on the cheap. And presumably they could sell that to the public and make a profit, too. [B][I]The more $$$ made by the first 4 SELLERS....the bigger the loss or underwater amount the 5th person, the BUYER, is....right ?[/I][/B] I get that the coin show is a great opportunity for dealers to find specific inventory. But in the balance, it has to be zero-sum. If not, that video I posted of the Baseball Card gatherings in Parsippany, NJ....where you only had dealers.....would also be profitable since all the dealers are trading with one another. In fact, the video told of how the industry and hobby are dying.:oops: If all the coin dealers spend $1,000,000 buying other dealers coins...[B][I]are you saying that's as good as me and the folks at CT going in with $1,000,000 and taking stuff off their hands ?[/I][/B] No...I completely agree. I know it's a tough business. I WANT the folks who I buy from to make $$$ -- better them than Ebay or HA. :D I just don't see the mathematics of a bunch of dealers all trading with one another and ALL profiting from buying and selling....I see it as more zero-sum....I see specific NEEDS being filled and maybe you get a good deal where someone has such a low cost-basis that they are happy to make 80% on the coin and not 100% and the buyer gets a price low enough where he can re-sell it to the public and make a nice spread....but again...in the aggregate....??? Maybe I'm missing something. But I can't believe that $1 MM of dealers buying-and-selling to one another is the same as $1 MM coming from the public or CT. Again...no argument...but can they ALL be making money trading with one another ???? I know I'm sounding like a broken record, but in the end without the public I see it as zero-sum. Maybe this is why I never went into business for myself. :D You might be right, Doug....I'm just having trouble visually seeing it. It comes down to me as....what's better...dealers buying from one another (zero-sum for the most part) or new $$$ from the public and collectors like me (new money + buying at retail, not wholseale). But I do appreciate your posts, I'm learning. :cigar: I think. :D[/QUOTE]
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