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Does Your Coin Dealer Offer Layaway?

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jleveille's Avatar
United States
371 Posts
 Posted 12/15/2012  4:27 pm Show Profile   Bookmark this topic Add jleveille to your friends list Get a Link to this Message Number of Subscribers
Poll Question
I was at my local dealer today which I have been a regular customer for a long time and I ventured over to the jewelry side to get my wife a nice gift for Xmas. I noticed a layaway sign. OK, "You offer that on coins too?" I asked the one person that treats me right in the shop. He said yes! I put $200 down on the 1877 Indian I have been eyeing for some time but have not had the total all at once.

Poll Choices
 Yes!
 No, I wish the did!

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Libertad's Avatar
Canada
3692 Posts
 Posted 12/15/2012  6:21 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
I'd be pretty surprised if mine did. Most of the time the same coins lay around and you're most likely able to see it the next time. Depends on the size of the shop. I, personally, wouldn't bother either.
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Mr T's Avatar
Australia
2180 Posts
 Posted 12/15/2012  6:34 pm  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
I have no idea but I would assume not.
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Russian Federation
5174 Posts
 Posted 12/15/2012  7:28 pm  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
Ignoring the confusing identification of "my coin dealer"... what's a layaway?
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tgauchsin's Avatar
United States
344 Posts
 Posted 12/15/2012  8:10 pm  Show Profile   Bookmark this reply Add tgauchsin to your friends list Get a Link to this Reply
Layaway - Seller holds item for a customer who makes payments on said item. Once the item is paid for in full, seller give the customer the item. If the buyer never finishes paying for an item, it is return to stock and all monies paid are refunded - usually minus a restocking fee.
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DNA's Avatar
United States
2734 Posts
 Posted 12/15/2012  8:14 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
"Item has to be more than $200 Greysheet Ask"
Bedrock of the Community
United States
20753 Posts
 Posted 12/15/2012  9:51 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I go to lots of coin shows where there are repeditive sellers. As they get to know you they will usually say if you want me to I'll put that aside for you. Or you can pay for that in installments. Really common at these shows.
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 12/15/2012  11:05 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
Many dealers at the local shows I go to offer layaway.
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allranger's Avatar
United States
1391 Posts
 Posted 12/15/2012  11:54 pm  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply
You forgot an option for the poll:

"Yes, I wish they didn't!"
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jakedacc's Avatar
Canada
1177 Posts
 Posted 12/16/2012  12:15 am  Show Profile   Bookmark this reply Add jakedacc to your friends list Get a Link to this Reply
mine don't (that'd be nice) but it's Canada! even Wal-mart doesn't do layaway!
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Russian Federation
5174 Posts
 Posted 12/16/2012  04:23 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
Oh, so that's what you meant?
Well, dealers often offer to set a coin aside to me, but paying in installments is a new one.
Besides, it'll look a lot like paying in advance to me... the hours when I happen to be at the coin market are pretty much random, and thus I can never be sure that the particular dealer is even in! so I'll be paying without receiving anything, and with no guarantee I could even pay the next part, never mind receive the coin... only worthwhile if every installment is $5 or something, and at that level either I'd better take my money and buy the coin already or I'd be waiting several years for it
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GR58's Avatar
United States
11951 Posts
 Posted 12/16/2012  08:06 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
Mine will .. except for bullion
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matthewvincent's Avatar
United States
3486 Posts
 Posted 12/16/2012  09:10 am  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
In Oct. I put $100 down on an 1837 Seated Liberty dime. Then in Nov.
I paid the balance due.
Once you and a dealer have established a good relationship he or she may
be willing to go the extra mile/kilometer for you.
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enworb's Avatar
Australia
4411 Posts
 Posted 12/16/2012  09:13 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
I have a very good relationship with my local coin dealer and I visit once a week usually. If I dont have enough cash he lets me take it away and fix him up the next week. I trust him he trusts me.
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Sap's Avatar
Australia
16831 Posts
 Posted 12/16/2012  09:22 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I couldn't vote, because frankly, I have no idea whether they do or not. They probably do, but I've never asked.

If I can't afford to lay down the full cash payment up front, then the coin is too expensive for me. If there were an expensive coin that I desperately needed, I'd be much happier saving up the cash myself and paying for it all at once.

Several times, I've expressed interest in acquiring a coin that I couldn't afford at the time, and the dealer in question has offered to "put it aside for me for later". I've always refused. It wouldn't sit well with me, personally, knowing that the dealer might be letting opportunities to sell the coin and make themselves some quick cash pass them by while they waited for me to come back sometime after my next payday. If the coin's still sitting there in the dealer's display case next time I turn up with enough cash, all well and good. But if the coin gets sold to someone else before I make it back there, well, that's too bad for me.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Conder101's Avatar
United States
17884 Posts
 Posted 12/17/2012  9:28 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I've been around so long that many of the dealers I buy from are happy to do layaways for me, only difference is they know I'm good for the money so they don't hold the coins they send them with me. Just finished paying off a group Saturday. Only problem is I have so many dealers willing to do that for me that I have to avoid taking them up on it or I could get WAY overextended very fast.
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