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1) Not many dealers in NYC
2) Rent is higher in NYC, therefore spreads need to be higher relative to other locations.
Interesting thread, to me at least. Sad but true. You have to drive across the river into New Jersey these days to find a true "coin shop". Majority of the few remaining coin dealers in NYC are either very high end, or purely precious metals coin brokers. There are maybe a couple others but good luck finding one open on Saturday. The commercial rents downtown are Ludicrous ! So the "wiggle room" is gone and they don't have time to waste so it's more of a take it or leave it deal.
I had to chime in here because of the memories this churns up of a time over 30 years ago. As a child I would ride the subway downtown and spend an hour or more negotiating a $5 coin purchase at an old mom and pop coin shop. Literally, the shop was old and so was the couple that owned it. That shop and that couple are long gone and so are all the others like that here in NYC.