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With rising unemployment when will coin market crash?
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<p>[QUOTE="Derek2200, post: 4603132, member: 106755"]The constant downtrend in the US coin market has made it difficult for players get retail money due to stagnant or declining wholesale bids. For one to have a viable successful coin business one has to be able retail their merchandise at a decent margin which allows them to make money after COGS, variable and fixed costs.</p><p><br /></p><p>Many have moved to other numismatic areas like world or currency in pursuit of a chance to make a positive return.</p><p><br /></p><p>I was about to trash my Jan CDN but decided to track certain series vs current where they provide a bottom line total.</p><p><br /></p><p>At shows one has to pursue strong buyers and push away (ignore) tire kickers, many vest pocket traders, dealers looking buy below bid. One guy (tire kicker?) had the gall to say to me at my table at a show about a PQ slabbed SLQ I had quoted a price on “I only buy below bid because I wholesale to dealers.” I told him “that’s funny (laughing) I don’t sell below bid why don’t you go find one.”[/QUOTE]</p><p><br /></p>
[QUOTE="Derek2200, post: 4603132, member: 106755"]The constant downtrend in the US coin market has made it difficult for players get retail money due to stagnant or declining wholesale bids. For one to have a viable successful coin business one has to be able retail their merchandise at a decent margin which allows them to make money after COGS, variable and fixed costs. Many have moved to other numismatic areas like world or currency in pursuit of a chance to make a positive return. I was about to trash my Jan CDN but decided to track certain series vs current where they provide a bottom line total. At shows one has to pursue strong buyers and push away (ignore) tire kickers, many vest pocket traders, dealers looking buy below bid. One guy (tire kicker?) had the gall to say to me at my table at a show about a PQ slabbed SLQ I had quoted a price on “I only buy below bid because I wholesale to dealers.” I told him “that’s funny (laughing) I don’t sell below bid why don’t you go find one.”[/QUOTE]
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With rising unemployment when will coin market crash?
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