Health Of Collecting Canadian Coins, What's Wrong?

Oh boy....I think I would have lost it right there.

Probably not, but I most likely would have roared with laughter.

Most if not all dealers here in Ontario, have a price on their ICCS graded coins and their 2x2's.

Most of the time, it is at full trends.

However, most collectors know the price will be reduced.

I usually approach the dealer by saying "the price you have the coin at is full trends, correct?' To which they always respond "yes, but I can sell it for less".

And then the negotiations begin.

Some stay at 80%, some will sell lower than that.

Thanks for the advice, I really appreciate it!

Now I understand why the few prices that I was quoted were totally unrealistic.

Different dealers have different styles and methods of pricing for sure. Over the years some of the most interesting buys have come from other dealers. Last year at the December Las Vegas coin show I had a good visit with an Idaho dealer friend of mine who had a table next to one of the top US coin wholesalers. It was amazing to watch .All the customers were other dealers and the action was incredible. The guy works on 5 to 20 dollars a coin profit he makes it on volume.
At another table I had a visit with an Ohio dealer who carries an extensive stock of world and Canadian coins. He is a super nice guy , but he sells retail and is not shy about it. He said sales were the pits. I think that somewhere in between those two dealers lies the magic formula.
Here in Canada at most shops and shows pricing tends to be very CCN Trendscentric . In my opinion that isn't the healthiest approach to selling coins. For example let's take a 1952 NWL silver dollar in MS 64. ICCS flip. You find two different examples from a couple of friendly approachable dealers you have dealt with before. One fellow says full trends less 20 per cent because you are a good customer. The coin is a lightly hazy porous looking example a typical 64 ,in other words average quality for the grade. Next fellow has an old 2 Letter embossed ICCS flip . Coin is superbly album toned ,greens ,purples and rose with a hint of a Cameo clearly PQ for the assigned grade. He says to you its fifty bucks over trends and I really do not care if you buy it or not, even though we have been dealing for years with each other.
What one would you buy? Remember trends does not buy and sell coins.

Thank you for proving my point about coin pricing being very Trendcentric in Canada.
Most highly knowledgeable collectors who truly know the dollar series , would be all over the second coin in a heart beat for two reasons . First would be that a truly exceptional example rarely comes along and second an old two letter embossed
ICCS flip would certainly have a shot at MS 65 in today's market. It is never wise to buy coins on price alone. Knowledge of a series and negotiating skills are two great weapons to have in your arsenal.

Totally get Pac's point here... a high grade coin with great eye appeal will always generate interest...

The fact that it's an older ICCS holder that has two letters is just gravy.. you could probably resubmit the coin for a better grade, taking advantage of the market grade and with the toning it will always look good in your collection or be desirable for another.

I've had a great mentor Pac!.. In my situation the coin I was trying to find is hard and few are on the market but it's by no means rare.. I can sit and wait as this was a nice coin but not THE coin if that makes any sense.

AG agree with "The Coin" statement on the 1880 Newfoundland cent. We just sold a porous VG and it brought well over 80 per cent of Trends. That coin is a very elusive variety and has always been a popular item.