When is a "Market Maker" not a Market Maker??
keets
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If a dealer claims to be a Market Maker, would you expext that dealer to have some type of obligation to make a reasonable offer when items are offered?? When a dealer claims to be a Market Maker, would you expect that dealer to buy/sell both raw and certified examples, or just certified?? If a dealer only wants to buy certified examples of their "Market Niche" and shuns all offers of raw coins, are they really a Market Maker?? When a Market Maker accepts offers to buy, shouldn't they have some idea what the going Market value of an item offered to them is??
When is a "Market Maker" just a dealer trying to skim off the cream with hype and not really a Market Maker at all??
Al H.
When is a "Market Maker" just a dealer trying to skim off the cream with hype and not really a Market Maker at all??
Al H.
0
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Maker= Manufacturer
Market Maker= Advertising Manufacturer's Goods+Seller-Buyer
Buyer=Market+Seller+Manufacturer's Goods+Hype
Is this a Math problem, Al ?
``https://ebay.us/m/KxolR5
but this isn't always true. Some dealers simply use a different grading standarsd when
buying than when selling meaning their spreads can be much larger than is apparent.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
They sell goods, they advertise goods. They pay people to ring them up.
They accept returns with a full refund. They pay people to ring that up, too.
If the line at the return counter is greater than the cash register line for a prolonged period, the store would close. I'm trying to find the right answer, but I don't have an abacus.
``https://ebay.us/m/KxolR5
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Now we are talking about bifurcation of the market.
Like which department are you shopping in within the WHOLE store ?
``https://ebay.us/m/KxolR5
<< <i> sticker-slabbed coins. >>
Do these exist?
yes, i do indeed have a certain dealer in mind.
Is this a Math problem, Al ?
no Math involved, Joe, but to ease your response to the questions just cut and paste them from below and answer remembering that we're not talking about WalMart or any other department store, we're talking about a Coin Dealer who claims to be a "Market Maker" in a specific area of Numismatics.
1. If a dealer claims to be a Market Maker, would you expext that dealer to have some type of obligation to make a reasonable offer when items are offered??
2. When a dealer claims to be a Market Maker, would you expect that dealer to buy/sell both raw and certified examples, or just certified??
3. If a dealer only wants to buy certified examples of their "Market Niche" and shuns all offers of raw coins, are they really a Market Maker??
4. When a Market Maker accepts offers to buy, shouldn't they have some idea what the going Market value of an item offered to them is??
5. When is a "Market Maker" just a dealer trying to skim off the cream with hype and not really a Market Maker at all??
Perhaps people who make buy/sell spreads in proof sets would fall into this catagory.
Also, there are a few large coin dealers that make buy sell spreads in generic gold coins (and raw generic gold too...).
Other than that, I can't think of any catagories where it has been practiced successfully on an ongoing basis. Can anyone else?
Coin Rarities Online
<< <i>
3. If a dealer only wants to buy certified examples of their "Market Niche" and shuns all offers of raw coins, are they really a Market Maker??
>>
I think that's a key question..Keets.For a market maker to be a "market maker" one should be aware of other aspects of the industry or hobby around oneself.
For some niche item (lets say a speared bison or something like that) it might seem one dealer could be a market maker if he sells them and is willing to buy them at some stated buy price.
But if the niche item only has one (or a few) dealers that makes the market maybe it's not a real market because next week they might stop buying them then there's no more 2 way market.
So the answer I'm thinking about is if the dealer base for the item is too limited then it's not a reliable market. To be a reliable market there needs to be a base of dealers or buyers that will buy the niche item.