Where Do High Volume Ebay Stores Get Their Coins?

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Author	Replies: 6 / Views: 1,308
Joe2007 Pillar of the Community United States 3843 Posts	Posted 10/30/2016 2:59 pm Just curious on how some of these high volume ebay sellers source their coins. Saw one seller today with 11,000+ active listings. Do they have deals worked out with coin shops and cash for gold places to buy collections that come in over the counter? Or are they getting their stuff in bulk from wholesalers? Report this Post to the Staff

kanga Pillar of the Community United States 5825 Posts	Posted 10/30/2016 3:15 pm Dealers buy collections. That's the easy part. Getting them listed is what takes the time. And to have that many listed they may "list until cancelled". Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4591 Posts	Posted 10/30/2016 4:15 pm They also buy wholesale from other dealers. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
Potsdam Valued Member Germany 303 Posts	Posted 10/30/2016 4:45 pm I've been to a coin auction here in Berlin yesterday. I'd say about 60 percent of the 2.500 lots were bought by dealers and sometimes I wondered about how they'd profit from the prices they paid. Also it's amazing to see some guy spending more than 100k at an auction on 1 day and just think about the margin he may get out of it... Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 10/30/2016 5:10 pm I think collections and auctions would be the main sources. Report this Post to the Staff
GR58 Bedrock of the Community United States 11951 Posts	Posted 10/30/2016 8:08 pm A dealer with the right funds.can buy a endless amount of coins. Yes they will buy collection. But there are dealer to dealer networks where a lot of coins get traded/sold Report this Post to the Staff
UltraRant Pillar of the Community Norway 1358 Posts	Posted 10/31/2016 03:57 am over here it's usually traders buying whole collections from people who inherited or somehow acquired a collection. It's the photography and listing for the online shops that takes most time. 11.000+ individual items sure is a lot. Report this Post to the Staff
	Replies: 6 / Views: 1,308

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