Quote:
Originally Posted by jerryb
I'll have to pass on that. Currently most national dealers are paying around 30% back of bid as there is a glut of stuff flowing into the market now because of the economy. Plus, like all other dealers, we pay when we have the stuff in hand because grading is too subjective. I've seen AU's graded as MS65+ by both NGC & PCGS. Also, there is a glut of Chinese counterfiet slabs on the market that have to be weeded out. Just the facts of the coin biz today.
piece to all  |
edit addon: I am a seller at 10% back of bid on most stuff in volume (prepaid) to customers and 20% back of bid to registered coin dealers. Thus --- can't pay bid.