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Would A Dealer Likely Trade A Common Ike For A Common Ike?

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Bertensgrad's Avatar
United States
1192 Posts
 Posted 12/02/2014  5:01 pm Show Profile   Bookmark this topic Add Bertensgrad to your friends list Get a Link to this Message Number of Subscribers
So I have a dealer that has circulated common Ike's near my house all in a junk box. I also have a small pile of common Ike's in maybe slightly better condition. I need some common types, dates and mint marks to complete my collection.

Do you think a average dealer would trade one ike for one ike? Or would it be better to offer trade like six of my Ike's for five of his? Or to ask for a discount. He is wanting $1.75 which is too steep in my opinion. I would accept 1.25 but prefer a even trade. I also plan on buying other stuff for him. Mostly I don't want to offend him with the offer.

I go to him about three times a month to buy stuff. A example of a trade I want to make is a 1976 type 2 for a 1976 type 1. I'm not looking to cherrypick a 1971 d FEV or a 1972 type 2 or anything.
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BadToTheBone's Avatar
United States
1795 Posts
 Posted 12/02/2014  5:12 pm  Show Profile   Bookmark this reply Add BadToTheBone to your friends list Get a Link to this Reply
All depends on your relationship with him. Are you a regular customer or a stranger walking off the street? Thats the million dollar question!
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Bertensgrad's Avatar
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 Posted 12/02/2014  5:17 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list Get a Link to this Reply
He knows me and he owes me a little. I went to see him two weeks and he was closing shop two hours early, And told me he make it up to me the next time I came in. Then last Friday same thing but didn't see him before he left. He was headed off to a coin show. Before that we would go to his shop once a week and buy small stuff every week, less than $20 a week.

He likes me and my friend and usually end up chatting with us about a hour each time.
Edited by Bertensgrad
12/02/2014 5:19 pm
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BadToTheBone's Avatar
United States
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 Posted 12/02/2014  5:25 pm  Show Profile   Bookmark this reply Add BadToTheBone to your friends list Get a Link to this Reply
Well then Go For It!
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BadToTheBone's Avatar
United States
1795 Posts
 Posted 12/02/2014  5:25 pm  Show Profile   Bookmark this reply Add BadToTheBone to your friends list Get a Link to this Reply
Remember Nothing Beats a Try but a Failure!
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jbuck's Avatar
United States
188213 Posts
 Posted 12/02/2014  5:28 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
The dealer is a business and has to make a profit, so the easy answer is no. However, as indicated, your relationship (including past and future opportunities for the dealer to profit) can make a difference.

The only way to know for certain is ask. The worst thing that can happen is they say no. I doubt you will be banned.
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Bertensgrad's Avatar
United States
1192 Posts
 Posted 12/02/2014  6:24 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list Get a Link to this Reply
I might just ask for a discount on them. Like can I get 5 for six dollars or something. He prices all his junk boxes that way but doesn't have a quantity discount for Ike's for some reason. I would go 1.25 to 1.50 apiece but something about 1.75 makes me feel like I'm being cheated for a circulated coin I can get at a bank for face value and no dealer would pay me above face value for. He usually gives me a 30% discount on everything I buy off as long as it not silver.

If I'm able to cherry pick a good variety I will just pay the price. I will definitely go through his box before I ask to see if I even want anything. I only need four common Ike's left.

I also plan on buying about $20 worth of other stuff.
Edited by Bertensgrad
12/02/2014 6:27 pm
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jdmern's Avatar
United States
1949 Posts
 Posted 12/02/2014  6:35 pm  Show Profile   Bookmark this reply Add jdmern to your friends list Get a Link to this Reply
You should be able to get 5 for $6, especially since more than likely he paid face and if you a regular customer that should be no problem...

Speaking of cherrypicking, Last coin show I heard a pretty funny story about a guy who was haggling with a dealer on a $3 1859 Canadian Large cent... The dealer looked at the coin and did a double take, realized when he was carding it initially he missed the variety! Had the guy not been too cheap to pay the $3 asking price, he would have ended up with quite the bargain!
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Bertensgrad's Avatar
United States
1192 Posts
 Posted 12/02/2014  7:05 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list Get a Link to this Reply
Yeah would love to find a circulated FEV or a type two 1972. I been loving collecting SBA and Ike's learning how to tell varieties apart.
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Vancouver IslandCoinKid's Avatar
Canada
1074 Posts
 Posted 12/04/2014  12:17 am  Show Profile   Bookmark this reply Add Vancouver IslandCoinKid to your friends list Get a Link to this Reply
yes it for sure depends on the relationship between you and the dealer. I would myself with my dealers, but it might be different with you. In a benefactor with his side of the deal, he gets better grades and a deal/transaction with you whether he is making money or not, he is linking something up for the future, right?
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Bertensgrad's Avatar
United States
1192 Posts
 Posted 12/04/2014  6:36 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list Get a Link to this Reply
Owner wasn't there and only saw two common dates I wanted so I just asked if I could get two for three dollars. I did make a trade involving war nickles though.

I needed a 1942 p but had three extra 1944 p nickels that I got for 3 for a dollar at a flea market. He would only offer me .50 cents apiece for my nickles but wanted $3 for his. We ended trading two of mine for one of his, so I ended up spending 66 cents for the $3 War Nickel he had.
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