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Do You Routinely Haggle?

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Pillar of the Community
United States
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 Posted 10/19/2016  6:25 pm  Show Profile   Bookmark this reply Add davec13 to your friends list

Quote:
If you do end up building a relationship with a very intuitive dealer they may just end up giving you the price they're willing to accept right up front.


The relationships you build are everything. One larger dealer friend of mine (6 figure+ coins in his inventory)has all of his coins priced at shows. They are priced retail to high retail. I pick out the few coins I'm interested in and ask him what's "my" price? He smiles looks them over and the price usually drops pretty drastically from where it started.

I actually ran into a friend at one show and we got to talking. He told me about this coin he wanted at that dealers table, but the price was too high. I asked him if he made an offer and he said he just walked away. I walked him over to the table and introduced him as a friend and told him what coin he wanted and what he wanted to spend. He left with the coin at a good price.

I have no anxieties over social interactions though and being in sales and now running a restaurant dealing with distributors daily, it's second nature to haggle.
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 Posted 10/19/2016  8:07 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list
If you're not haggling, you're paying too much. Simple as that. I love doing it at coin shows. You do know that they price their coins with the expectation that there will be haggling ?
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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 Posted 10/19/2016  8:20 pm  Show Profile   Bookmark this reply Add Slamnbass to your friends list
I too haggle at Best Buy Dave...id love to know how much money exactly I've saved over the years haggling,it's amazing just how much wiggle room there is everywhere-I routinely haggle with the biggest scammers out there att also
Edited by Slamnbass
10/19/2016 8:21 pm
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 Posted 10/19/2016  9:33 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
I don't like asking, nor do I like being asked, "What is your best price?" or "What is your lowest price?" I just gives the vibe that one is not really serious about the coin and is just wanting to get something for cheap. My mentality is that if I am serious about a coin, I will make a fair offer, or just simply ask what the dealer wants to get for the coin. I often have a set number I am wanting to get after fees/shipping/etc is accounted for.

When I negotiate prices, I negotiate with others like I want buyers to negotiate with myself. I guess it just makes me feel better about what I'm doing.
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 Posted 10/19/2016  9:42 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list
Negotiating prices is haggling.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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 Posted 10/19/2016  9:54 pm  Show Profile   Bookmark this reply Add Slamnbass to your friends list
Yup and the other word for it is frugal not cheap
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 Posted 10/20/2016  12:20 am  Show Profile   Bookmark this reply Add Harry213 to your friends list

"I like paying as much as possible for things"

Said NO one, ever!!

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 Posted 10/20/2016  06:25 am  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list

Quote:
Negotiating prices is haggling.


I never said it wasn't.
Edited by TypeCoin971793
10/20/2016 06:25 am
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 Posted 10/20/2016  10:53 am  Show Profile   Bookmark this reply Add jbuck to your friends list
I read it as you saying what you do and do not do when you haggle (negotiate).
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Australia
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 Posted 10/21/2016  05:17 am  Show Profile   Bookmark this reply Add Mr T to your friends list
I think I've haggled only three times - normally I shop with dealers who knock a bit off the total for multiple purchases.
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Norway
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 Posted 10/28/2016  04:48 am  Show Profile   Bookmark this reply Add UltraRant to your friends list

Quote:
I try to know the fair market value of any coin I want, and that is what I offer.


That's already quite tricky business, as we may know. Just look at any given season of 'guess the price' to know that. As said: coin prices are very subjective prices.

As said, my local coin shops know I always look for a good package deal, so I recently got a free silver coin (US commemorative dollar) with a set of coins I bought. Good deal for us all, I'd say, as it means that he got a big and expensive set sold and I got a good feeling and will return again. As long as you accept the rules of the game, haggling can be great.


EDIT


Quote:

"I like paying as much as possible for things"

Said NO one, ever!!


You should really come to Norway and talk with people who shop at supermarkets called ICA and MENY. There you can buy the exact same stuff as in cheaper supermarkets (as Norway has a monopoly or duopoly on about 90% of groceries), but these people are willing to pay up to 50% extra for them, just because it's presented in a nicer way and because these supermarkets convince people they sell the exact same stuff of better quality (Really, think about it. Would you pay 50% more for a bottle of Coca Cola if someone told you it's of better quality than the bottle of Coca Cola, produced in the same factory and batch, sold at the cheap store next door?).

I'm really bad at being Norwegian.
Edited by UltraRant
10/28/2016 04:59 am
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 Posted 10/30/2016  3:12 pm  Show Profile   Bookmark this reply Add 88isgreat to your friends list
It has taken me many years to move from being uncomfortable in negotiating prices to my current practice of sometimes negotiating. My recent experiences with coin shows and local coin shops is that at shows some dealers will offer a discount without being asked even though I was already comfortable with their asking price. I have also made what I thought were fair and respectful offers on merchandise that were accepted. Like others have said previously, the worst the seller can say is no..
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 Posted 10/30/2016  3:43 pm  Show Profile   Bookmark this reply Add twslisa to your friends list
The last few times I was in coin shops other customers were also there, either selling or buying, and they did a little haggling, I continued shopping as an excuse to eavesdrop, just to see how it's done.
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 Posted 10/31/2016  05:01 am  Show Profile   Bookmark this reply Add UltraRant to your friends list
Smart to do that, observe and learn.

In case it helps: My favorite tactic for haggling is to talk a bit with the coin seller, find a friendly tone, find something we have in common. Then I talk a bit about the coin in question or coins in general, and then when it comes to the price, become a bit skeptical. Observe the coin or coins a bit more, make a prudent face and finally ask, in a nice tone of voice (I hope, at least), 'Is that the final price?' or 'Anything we can do with the price?'. It usually helps if they know your face from before or if you frequent a shop. You don't have to buy a lot of stuff, just get yourself known and make sure you build a bit of sympathetic credit. Usually people are more willing to help friendly folks than numismatic hardliners.
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 Posted 10/31/2016  2:44 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
That's already quite tricky business, as we may know. Just look at any given season of 'guess the price' to know that.
That is certainly the truth.
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