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Where do eBay sellers
Jeffnlu
Posts: 297 ✭✭✭✭
Get all of their coins?
More specifically, a couple of sellers that I follow. Treazure-chest and Vette 1986. Treazure Chest seems to have an endless supply of bank wrapped uncirculated Lincoln cent rolls. Vette 1986 is the same scenario with a wider range of coins.
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Perhaps they have brick and mortar stores?
Or, they regularly visit their local stores and buy 'deals' there......
Time machine?
A long time but small brick and mortar dealer near me had literally thousands of 1959 and up Lincoln rolls. He was sick of them, and they were 75 cents each if you bought at least 20 of them at a time.
I look at some of the realized prices and wonder how theses guys are making it.
Many have shops where it’s walking in at 60 pct of bid or less. Others tough like me and only sell at retail.
Many items I sell on the bay I buy from my table at shows, other auction venues, or simply bay pickoffs I mark up and they retail later.
It costs me 17 pct of sales operate on the bay. Generally I markup items cost plus 40 pct or more. Consequently I buy accordingly. I recently retailed a classic commem Pcgs 65 on the bay I bought from another venue slightly below bid at cost plus 52 pct had it only 2 weeks.
Finding good retail buyers can be a challenge. Unless blowout, I sell at retail only. I research CW Trends, TPG price, CDN phone app (CPG), what dealers in the business (L&C) are selling the item for. I usually offer free shipping and may discount an item 5 or 10 pct. If they expect bigger discount they can take their little spiel or sideshow and get lost.
It takes cost plus about 40 pct make it in the coin business, one has to be tough, resolute, and buy low / sell high. Selling w keystone markup (cost x 2) best. Buying right a must.
Seems to be a tough business... yet so many are in it... Probably not full time for many... @Cougar1978... That business model appears reasonable. I would say a B&M would need a thriving flow of business to survive. Cheers, RickO