Are dealers buying for inventory or...

291fifth

are they just buying when they know they can flip it very quickly?

RYK

I certainly think that a large proportion of dealer buying is for material that is essentially pre-sold (want lists, auction representation, and areas of known pent-up demand). I have noticed and increase in this type of dealer buying over the last few years. I have also noticed an increasing interest in dealers to take coins on consignment from collectors, rather than buying them outright. All of these strategies tend to reduce the dealer's risk and capital outlay in the coin market.

ColonialCoinUnion

Very little of what we buy is either 'pre-sold' or something we know we can 'flip very quickly'.

Most of what we buy are coins for our inventory, that we think are cool and that other people might like.

Regulated

I'm definitely in the same boat as John. Most of what I buy, I buy for inventory.

ewitte

Inventory. But sometimes there is such a deal that it just begs to be sold quickly