OK, How do dealers get there coins?

maddox

OK, where do they get there coins?

I've tried auctions, placed an add in the local paper, called a few elderly aunts and uncles etc....


Ain't life great! just got my PCGS MS65 CC's, a 1880 and 1881

airplanenut

Other dealers... estates... they buy many thousands of dollars at a time, which is how they get good deals... for example, my local dealer buys estates with values of $50k-$100k+, so he has plenty of room to make a profit... remember, even a few percent is real money... get lucky with a holder, and you've made much more!

Jeremy

SarasotaFrank

they steal coins which have been in albums for fifty years from widows and idiot nephews who think they are "tarnished" and sell them on ebay as Monsters.

ARCO

Here in Salt Lake there is a small warehouse filled with boxes of choice original coins. The dealer merely pops in and gets the coins he needs for his inventory at a fair wholesale price.

I found the warehouse, approached the guard at the door and nicely asked if I could enter to look for Barber halves. He bi***ed slapped me with a backhand and dropped me with a knee to my tender groin area.

needless to say I haven't been back, and am very jealous of the dealers who are allowed to shop there!

The eighth wonder of the world is how a dealer keeps a large, stacked inventory!

Tyler

maddox

ARCO,

The next time you make a trip to this warehouse, let me know in advance. While your distracting him at the front door I'll sneak in thru the back door and grab all the 79 and 89 CC Morgans. Don't worry I'll cash out some of the 89's to pay your medical bills

supercoin

ARCO, by "nicely asked", did you mean the secret handshake with a coupla' folding Franklins? And wear protection, just in case the rates have gone up.

relayer

R&I - buy 1959 50c PR69 on eBay for $500 sell for $1350
DHRC- buy 2002-W West Point PR70DCAM on eBay for $685 - sell for ?

That's how some get their coins

doops

<< <i>Here in Salt Lake there is a small warehouse filled with boxes of choice original coins. The dealer merely pops in and gets the coins he needs for his inventory at a fair wholesale price.

I found the warehouse, approached the guard at the door and nicely asked if I could enter to look for Barber halves. He bi***ed slapped me with a backhand and dropped me with a knee to my tender groin area.

needless to say I haven't been back, and am very jealous of the dealers who are allowed to shop there!

The eighth wonder of the world is how a dealer keeps a large, stacked inventory!

Tyler >>

]
that is good......real good.....!!!!!
<@ @&gt;
V
______/

darktone

I have been involved in the used car business for over twenty years and thier is a huge behind the scenes dealer only wholesale market with the general public having little or no knowledge of it and I have always thought the coin business had the same type of dealer only wholesale market but on a much smaller scale. mike

TheNumish

Since I don't have a store I buy all my coins from other dealers. Since I usually like to look at my coins before buying them I do very little buying on ebay. I usually have to go to coin shows or coin shops to buy coins. The most important thing is the relationships I've built with other dealers over the years. I've had to pay my dues. The people I deal with know me and hopefully like selling to me. It also saves me a lot of time with people that are a waste of time.