After reading this post, it seems you need a Psychiatrist's attention more than you need Gold. There is something really bizarre and weird in there.
how do bullion dealers procure eagles, etc at cost? where is the wholesale market and what are the barriers to entry?
Dealers buy at spot - and sell at spot + You need to have coins to sell, and when someone calls or places an order, they want a price as of that moment to be firm. So when prices fall too far, the premiums go up, and when they rise too far, the premiums go down. Obviously, there are costs to get business, insurance, storage and the problem where you can't afford to trust anyone. $23k isn't going to put you in business, I don't think, if that's what you're thinking. I've never worked in the industry, so take what I said with a grain of salt.
I got loads of dem dubloons. I will sell you them at half price. Meet me up a dark alley at midnight.... and bring cash!
Yeah, that was exactly right. Now look back since December and ask yourself how your investment did as compared to mine. Those coins in my SD box are still 1 oz each. I'm not saying my coins will magically multiply, but as result of the mysteries of central bank confetti printing, they appear to be worth a lot more.
sure, that makes sense. i've been comparing spreads across physical dealers, pools, etc basically what i'm wondering is how a dealer actually procures new physical coins from the US Mint/Treasury and what spread they pay for their inventory that they turn around and retail to the public