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 Replies: 17 / Views: 2,632 |
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Moderator
 United States
54280 Posts |
Dealers devise a code to "encrypt" the price they paid, or maybe the least they will take. Then when offered a price, they can check the code to see if they want to take the offer, counter offer or not.
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Bedrock of the Community
 United States
12477 Posts |
I've not heard of that but it makes sense and is really interesting. Can anyone determine what it means?
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
United States
11951 Posts |
Unless you know the 10 letter word then it is hard to figure out
what was paid.
It works like this. Come up with a ten letter word the
does not have repeat letters.
For example
EARTHLINGS
With this example E = 0, A = 1, R = 2 .. etc.
When you are adding a code to the 2x2, most add letters
that are not in the code word.
So if you paid $50 for a coin, L = 5 and E= 0
But you might write on the 2x2 XLME
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Valued Member
Korea, Republic Of
489 Posts |
Holy smokes I would have never thought of this. Too late now! :)
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Pillar of the Community
United States
3210 Posts |
My friend has a code where he puts the asking price say $200, then in roman numerals a number, then you subtract the asking price and the roman numerals to find out what he paid. Example: Ask $200 Numeral: LV (55) ::::He paid $145 for the coin. I may implement a system similar one day if I ever deal coins at shows.
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Pillar of the Community
United States
2843 Posts |
My LCS has a code system as well, which he shared with me. Iwill not divulge just in case....
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Valued Member
Canada
343 Posts |
Interesting - didn't know stores did this - I'll have to keep an eye out for this.
Edited by aghawk
02/07/2017 10:16 am
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Pillar of the Community
United States
1963 Posts |
My local coin dealer does that too. The letters are the initials of the dealer that he bought it from.
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Pillar of the Community
United States
3058 Posts |
I do it! It really helps in remembering what you paid for things!
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CCF Advertiser
United States
1533 Posts |
I have a 10 letter word as a code for my costs. I also throw in some letters that are not part of the word just to obfuscate it more. If someone can figure out my cost codes, they should be working for the NSA.
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Pillar of the Community
Canada
3733 Posts |
i have a 10 letter code for what I pay for my coins as well.. waytoomuch
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Pillar of the Community
United States
1963 Posts |
Quote:
i have a 10 letter code for what I pay for my coins as well.. waytoomuch  |
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Pillar of the Community
United States
1119 Posts |
Quote:
i have a 10 letter code for what I pay for my coins as well.. waytoomuch clever |
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Pillar of the Community
United States
3058 Posts |
yes, very clever!  |
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Bedrock of the Community
United States
12057 Posts |
When I was selling once upon a time I used BLACKWHITE for 1-9+0 such that a $35.99 item was written as AKTT. Nice and easy to remember, and works especially well if you avoid pricing in common cent increments such as .x5, .x9 and .x0. Nowadays I use a simpler system to record prices paid.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Replies: 17 / Views: 2,632 |
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Posted 02/07/2017 02:57 am
