What percentage does a classic coin dealer make per coin?
DHeath
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While pondering the small scale of the wholesale layer in the certified modern market, I started thinking about how much classic collectors pay to have dealers act as surrogates/advisers/shopping services? Obviously, only wealthy collectors would employ such an agent, and for most moderns, it would be overkill, as it would be for most collector grade classics. I suppose that's why so many dealers have been squeezed out of the retail business. Many of us are even "do it yourselfers" with the assistance of the TPG's. On average, what percentage do you think expensive classics dealers make per coin? I realize every case is different. I'm just asking for generalities.
Developing theory is what we are meant to do as academic researchers
and it sets us apart from practitioners and consultants. Gregor
and it sets us apart from practitioners and consultants. Gregor
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Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
My guess is that on the coins that they buy from auctions and wholesalers, 15% would be average. However, there will always be a portion of their business that consists of crackouts/upgrades/crossovers, and the margin on these coins that succeed will be substantially higher.
On buybacks and tradebacks, the high end classics dealers have always made me strong offers on coins that they have sold me. They often say, "If you decide to sell it, we want it back," and they mean it. I have no experience buying moderns from high end modern dealers, but that has been a complaint made by others here in the past--they do not want the stuff back.