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 Replies: 24 / Views: 2,067 |
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Rest in Peace
United States
2884 Posts |
ND, You have to sell 100,000 to make as little as $100.00? (shipping and handling comes in where in this margin?)Oh My oh my the world of wholesale is a nice place to be! Pay up to $175.00 D to D and retail for as low as $180.00? I think lots of 100-200K would be needed to bother with them at all! I wish I was in the market! Mike
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Pillar of the Community
United States
4870 Posts |
It's so hard to find nice Buffalo nickels with good dates. So many of these are faint, weak strikes, or totally worn off. David |
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Valued Member
United States
138 Posts |
ND made a good point. Though there's likely no key dates waiting to be found, each decade has brought more and more minor varities to the scene so there's always SOMETHING to look for.
BTW I bought another 17 bags today...they're already sold at a slight profit. I love quick deals :)
Nick
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Pillar of the Community
United States
4870 Posts |
These wheat lots are great for those wanting to assemble a set/s. Or simply trying to find a better piece than you have.
David
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Pillar of the Community
United States
2724 Posts |
quote:
Originally posted by Mike
ND, You have to sell 100,000 to make as little as $100.00? (shipping and handling comes in where in this margin?)Oh My oh my the world of wholesale is a nice place to be! Pay up to $175.00 D to D and retail for as low as $180.00?
Nick, Susan and I have been telling people for a while that not all of this business is gravy. You would be surprised at how many items are sold on a small margin. Bullion is by far the worst as you only make a few cents 20 to 60 on Silver, $10 to $20 on Gold, $25 to $50 on Platinum. (that is all if the the market stays the same or goes up)The biggest difference in being a coin dealer versus most jobs is that you have to have the capital to make money. 100% of my income is derived from what I spend. I believe that the average dealer works on less than a 10% margin over the course of the year. So if you wish to make $100,000 in income, you must spend more than 1 Million. Now you know why there are so few of us out there. |
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Valued Member
United States
138 Posts |
If I had every $400ish Krugerrand I made $2 on I could retire. I try to make $20-$25 on a $400 oz of gold but SOMETHING always gets in the way...market turns south, buyer goes on vacation, market turns south, buyer goes on sedation, market turns south, buyer reneges...you get the picture. It would be nicer if most of the buyers weren't other dealers lol.
NIck
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Pillar of the Community
United States
2724 Posts |
quote:
[i]Originally posted by tradernick
It would be nicer if most of the buyers weren't other dealers
Another section of the market often overlooked by the average collector. Most dealers trade amongst themselves over and over, buying and selling the same material again and again each time bumping the value just a bit. |
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Forum Mom
 United States
5877 Posts |
quote:
Originally posted by national dealer
quote:
[i]Originally posted by tradernick
It would be nicer if most of the buyers weren't other dealers
Another section of the market often overlooked by the average collector. Most dealers trade amongst themselves over and over, buying and selling the same material again and again each time bumping the value just a bit.
and the pop reports....  |
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Pillar of the Community
United States
2724 Posts |
Dealers love two things at a show. Pop reports and price guides. They rank right up there with sticking a post it note on your forhead that reads "Take my money please".
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Replies: 24 / Views: 2,067 |
First Page
Posted 05/24/2005 7:37 pm
