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 Replies: 25 / Views: 2,480 |
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Bedrock of the Community
United States
14454 Posts |
I have always wondered something, am I a scammer because I know a series better than the seller and cherrypick his 500.00 coin for 75.00? If not I wonder why someone is automatically called a scammer because they want more than a coin is worth, to me that is not a scammer it is a optimist and if he gets a sucker to pay his prices then more power to him. A scammer is someone that claims a coin is one thing and it is something totally different thats a scammer in my book
Edited by Bryan1315
05/25/2007 3:04 pm
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Pillar of the Community
United States
1173 Posts |
Bryan has a point...in coins, guns or anything that can be sold, traded, etc. the value is set by the buyer, not the seller. I can put $1,000 price tag on a coin...but if no one will pay that, then it's worth something less. On the other hand, if someone pays that price, then that's the value of that coin, at that time, to that buyer.
Now...if I mislead the buyer into thinking my $1000 coin is very rare or somehow special, when I know that it is not, then I'm a thief.
If I'm buying a coin and think it's worth more than the seller is asking, then that just my optimism. If I'm buying from a naive person (say a seven year old kid, or a 70 year old grandma) who really doesn't understand the possible value of a coin, and I low-ball them, again, I'm a thief.
I've bought coins from dealers at full price, when I suspect they had a high figure on their coin expecting to dicker. Of course, I was young and foolish. But the dealer wasn't fraudulent, because I wasn't so young that I shouldn't have known better.
just some thoughts...
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Pillar of the Community
United States
1952 Posts |
I would not say that Bryan is a scammer you want the most you can get that's the name of the game. but to go on a site or B&M shop and say you have a MS-70 when you obviously have a EF-VF then I would say that guy is a scammer or at least a scumbag. and yes I am corrected in my first post on this thread it was wrong I said 1 out of 10 was good I should have said 9 out of 10 are good or at least 8. I stand corrected
Gary
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Bedrock of the Community
United States
14454 Posts |
exactly!! if they claim it is something it isn't then they are scammers, charging a little too much doesn't make someone a scammer in my book because heaven knows I want the most I can possibly get for each and every coin I sell but I wouldn't go as far as to say its something it isn't to make more money
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Valued Member
United States
459 Posts |
Great point Bryan...collectors gripe about being taken advantage when they are dealing with a series they are NOT familiar with, but the same collectors will be the first to boast and show off their latest cheery pick. I am not a dealer, but this hobby is based on a rips and a large learning curve...That is why buyers need to develop a good relationship with their local dealer or educate themselves and understand the grading, PUPs, and nuances associated with a series or else become a slave to TPG's and sheets. Sellers offer a price to buy or sell...the other party involved always has the option to walk. It is hard for me to believe that one can be influenced by a seller's or buyer's hype when a coin is in hand or (to a lesser extent)is provide detailed photos. |
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Bedrock of the Community
United States
20753 Posts |
Kinda already said. People are people. If you go to grocery store and are over charged we all raise hell about that. If they make a mistake and undercharge for something, we all run around bragging about that but don't return the money to the store. Cars, coins, guns, flashlights, Beanie Babies, whatever all the same. When we find something for a cheap price that is worth a lot we don't say anything to the seller. If that same seller trys to sell us something for to much we really complain. I've spent most of my life going to flea markets, have worked at some, have relatives that sold there as well as friends. I've learned from that that when a item has a price, it is almost always negotiable. I never pay full asking price unless it is absolutely necessary. Here is a typical example. A few weeks ago my washing machine died. I checked out the newspaper adds, went to a few stores and then went to an appliance store that brags about beating anyone with prices. I found the machine I've been checking at other places, noted the price was similar, told the salesperson I liked that machine but have to go back to Sears and recheck prices. He said he would throw in delivery, setup, removal of old machine free. I hesitated and said you'ld have to do better. I started to leave. He said wait a minute, checked out something in a book and asked if color was important. I said no and he offered me the same machine in black for an additional $100 of since no one wants a black washer. I now have a black washing machine for about $200 less than Sears. If I had bought a new machine and saw it for a lot less later I would be a raving nut, but since I came out ahead, I'm happy. Same with buying coins. I go to lots of coin shows and play the same game there. I would never, ever pay what a dealer is asking for a coin. Even if it was the greatest price possible, it is just in my blood to chew them down.
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Pillar of the Community
United States
882 Posts |
I have a hard time talking dealers down in price. How do you go about doing this? Most dealers I talk to just look the coin up in the book and sell for it's listed value. What are your excuses for paying less?
Ty
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Rest in Peace
United States
3730 Posts |
I have been so lucky. My dealer is always courteous, knows me and my family by name, fairly prices everything, and handles the very nice coins while wearing gloves.
The only time I was really "turned off" by a dealer was several years ago while visiting our daughter when she lived in Florida. In order to get into the store you had to ring a buzzer, and once I got in I was totally ignored until I decided to leave.
I don't think I have ever been "taken advantage of" by a coin dealer.
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Pillar of the Community
United States
819 Posts |
I agree with the posts above, making a good purchase does not make you a scammer, scammer to me is misrepresentation or taking advantage of someone's age as mentioned above. If a dealer is willing to sell at the price listed and it is undervalued, how many would inform the dealer/seller it was worth much more, unless of course it is a situation involving the seller's age, etc...I am speaking primarily of someone in the business and should be informed. If an item is unmarked (coins, guns, antiques, etc) when inquiring about the price I ALWAYS respond with "Gee, I was hoping it was going to be less than that" and many, many times I will get an automatic reduction or inquiry into what I was hoping to would sell for an then the negotiation begins. Marked items I that I think are too high I will ask, "is that the best you can do on that ..?" Again as stated above in retail appliances, cars, etc, you never get the best price until you are willing to walk away and start doing so..doesn't work for big chains that have firm pricing like Walmart, etc. Only independent dealers, sellers. |
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Pillar of the Community
United States
2797 Posts |
All of these stories bring back memories for me ... good and bad. Coin collecting is alot like life ... being informed and prepared usually makes the road a little easier. One technique I use at coin shows is taking a few higher end "expendables" from my collection along with me. If I see something I'm interested in on the floor, I will ask the seller to look at my coins and assess their grade. If I recognize excitement in the seller over my coins I will start the negotiation process for the coin I want. It's usually a win-win and always takes the buyer/seller tension out of the equation.
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Replies: 25 / Views: 2,480 |
First Page
Posted 05/25/2007 4:12 pm
