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 Replies: 54 / Views: 5,438 |
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Pillar of the Community
United States
1795 Posts |
Well you sound like a fair man and she should see that when you meet up with her. Best of luck to you and I hope both of you do well and are happy in your business with her.
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Bedrock of the Community
13014 Posts |
To the OP I dont think anyone was trying to insult you, well I wasnt at least.
Its just that there is a fine line between making money on a deal and costing yourself money in the long run. Most people probably will accept that offer, most people accept the cash for gold ones as well. Its just that the educated sellers/buyers wont and will probably not return to your store after such an offer. Those are the people you would get repeat business from that are really into coins if they are something your shop sells a good amount of. If you only sell coins every now and then it doesn't really matter.
Just something to think about thats all
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Pillar of the Community
United States
4541 Posts |
I would say as from my own experience, Pay spot for silver like silver eagles and such. For generic silver maybe pay a dollar less. Also I feel if your not paying 70-75% of spot on junk gold jewelry, you are not treating your customers correct.
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Pillar of the Community
 United States
1721 Posts |
Quote:
It was not in a pawn shop (if I read correctly). OP was acting as a private party. Even were he not, $5 under spot is just wrong. I would have told him just where he could put his offer.
Is this the type of post one deserves? |
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Pillar of the Community
Canada
1723 Posts |
Dont worry MDS308.... a lot of people talk and giving there own thoughts on the situation. I realize that It probably hurts a bit when members of the CCF family comes down on you but try and not take it to personal. Like one other member pointed out, uneducated people would have taken the offer but an educated person would not have and probably been offended. You are taking the slack from some of the educated. I think as a business owner, your starting point was a good starting point for you to turn a decent profit for you BUSINESS to continue to succeed and from someone that sounded like they obviously didn't care about the silver or the coins. Hence why they wouldn't move on the pure silver but did on the morgans. They know nothing of the morgans but can find spot price pretty easily. Besides, you moved up your price and were negotiating with them.....these other posters act like you kicked them out of your store for tuning down your first offer. Anyways, just keep doing it man. its different living in the moment and feeling the vibes and trying to make a living. CHEERS!
Edited by samsnate
09/22/2012 10:18 pm
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Pillar of the Community
United States
2424 Posts |
unrelated question mds:
when you buy at 29.50 what is your markup usually? I'm not a pawn broker nor do I have my own business but I do like to buy and sell to flip things now and then, and am just wondering what to offer people for their silver/coins and what to re-sell them at? is there a general percentage one uses? thanks
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Pillar of the Community
United States
4541 Posts |
If someone brings me Silver eagles or maples something like that I pay spot. I buy 90% at 2 times face less than the going rate, then sell at spot or a little under to go on and move the stuff. Generic rounds I will buy at no more than a dollar less than spot and move at spot plus 50 or 75 cents. With this method you dont have to make your rent on one deal but need to do several deals. What you always got to remember is, this stuff is other peoples and its up to us the educated folks to treat them right. You still will make good money with these prices. Expand your knowledge a little and learn to make money on other things. I buy junk jewelry and tell people that bring me in NICE stuff That I dont want to buy it. Some insist they have no use for it and sell. If I were refining my own I would pay more but I pay 75% of spot for junk gold and sell to a partner at 90%. Takes about a week and a half for him to get it, plus It gives me leeway on the market going down on you. The people get 75% and I get 15%. They still get a better deal than anywhere else in my town. Think those guys are paying 35%
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Pillar of the Community
3352 Posts |
Hmmm? I am far more interested in seeing the coins that you purchased, rather than sweating today's silver price!! => to "me", buying bulk silver is a quick way of making coin-collecting seem like a total drag!! (you might as well gamble and buy a big sack of wheat, hoping that the farmers will have a bad crop next year) ....... but obviously that's just my opinion?  |
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Pillar of the Community
Australia
7096 Posts |
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Hmmm? I am far more interested in seeing the coins that you purchased, rather than sweating today's silver price!!
=> to "me", buying bulk silver is a quick way of making coin-collecting seem like a total drag!! (you might as well gamble and buy a big sack of wheat, hoping that the farmers will have a bad crop next year) ....... but obviously that's just my opinion?
Well stated Mate  Who gives a rats what the silver value is........We are talking about COINS. Pic's of coins saved from G+S buyers would be MAGICK |
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Pillar of the Community
United States
1721 Posts |
daviscfad: I have a few questions.
Do you have a shop away from home that deals in metals or antiques?
If so, do you do a large volume or small volume?
Are you a dealer with a license or just doing this for fun/hobbie/little extra income?
When you sell your metal do you ship it out, deliver or do they come to you?
May I ask who you sell to?
Maybe I sell to the wrong people.
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Valued Member
United States
77 Posts |
I know I don't have many posts but I'm actually in the market for a nice chunk of silver right now. How do you send private messages on these forums?
** I ask you to review the rules again before you try to buy from another member - staff **
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Bedrock of the Community
13014 Posts |
Sean wait a few days and get enough posts then you can buy on here.
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Valued Member
United States
366 Posts |
I'd like to see pictures of the collection.
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Pillar of the Community
United States
1721 Posts |
I posted a picture of the 1884CC Morgan in the Classic Grade Thread. I may show some of the other stuff in the near future. I'd rather share interesting items, not common stuff that people have little or no interest in seeing.
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Valued Member
United States
366 Posts |
Well it was a great post to read even without pictures :)
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Replies: 54 / Views: 5,438 |
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Posted 09/22/2012 9:10 pm
