Q:

What is a coin buyer?

A:

A coin buyer is a business operator or consumer who purchases rare or collectible coins. Coin buyers include wholesale dealers and retail operators, as well as individuals who purchase for their personal collections.

A wholesale coin buyer purchases large collections of coins to resell to retail owners. They try to get the lowest price possible to make money on the markup to store owners. Retail buyers purchase collections, lots or individual coins to offer as inventory in their stores. They may pay a coin owner more than a wholesaler because there is no middleman. An individual buyer typically purchases single coins or lots from the retail operator.

Sources:

  1. coins.about.com

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