| Author |
Replies: 6 / Views: 1,431 |
|
|
Valued Member
United States
136 Posts |
Once in a great while I request a catalog from Littleton- their coin prices are off the chart but I do like some of their products. It never fails, if I either don't order anything or if I do then send back the approvals they try to send. I start getting requests to buy my collection. I guess they just assume that if I don't buy from them I must be hanging it up. Usually it's just from them but lately I am getting letters from other dealers that are like 'we understand you are no longer collecting' that sort of thing. I once got a call from a buyer at a major dealership pushing me hard as to what I had to sell that would fit into an ANA auction they had coming up. I told the caller how about a few Whitman folders of more or less common stuff? Last time they ever called. In the scheme of things this is a small aggravation, but it's sort of amusing..
|
|
|
|
Bedrock of the Community
United States
19948 Posts |
HAHAHA...it's just like the car dealers that send out crap saying they want to buy your car because "it's in demand" or whatever. Truthfully, they just want to SELL you a car.
|
|
Pillar of the Community
United States
2589 Posts |
Occasionally there is serious money to be made from dealer inquiries if they are seeking an ultra rare specialty piece (often an error, pattern, or exonumatic item) for one of their longtime customers who is willing to obtain said item at ludicrous beyond even the inflated pcgs price guide quotes, but those instances are few and far between.
|
|
Pillar of the Community
United States
1511 Posts |
Lol, that's funny... They've never done that to me. (I don't order from them unless it's one of their promos therefore actually worth it) but wow... I wish they'd (or a dealer'd) call me saying that.... I mess with them BIG TIME!! Get them going real good then smash them down in a day or two saying you've changed your mind ... Or better yet, that you gave your collection to a homeless guy on the street... Lol. But you have to get them going really good first... Start listing all these insanely rare coins, all high grades of course, lol.. Get um drooling. Or when they call back say you changed your mind and brought it to a bank for face value .... Make them drive across the country to the bank in hopes of finding your "amazing collection" lol. Ya I'm cruel. To me that's kind of rude to call people and ask if they're selling... If I want to sell I'll call them, they shouldn't be calling anyone "fishing". The last place I'd sell anything (if I ever did) would be a dealer... Or Littleton (etc) unless they offered what they ask for their stuff, lol.
*edit- I'm tempted to order a few small things from them just to see if I can get some calls just to do the above...
Edited by NathanASE 05/13/2014 9:36 pm
|
|
Valued Member
United States
259 Posts |
They continue to do business with a very 1950's - 1960's business model. Amazing. I guess the crazy high margins allow them to stay afloat.
|
|
Pillar of the Community
872 Posts |
I am a coin collector, dealer and wear other hats - one is network security.
If it amuses you, that's OK, no harm no foul. But if that theory puts the business at the heart of the issue, that means they may be sharing some of your information to third party businesses and they are noodling for potential people to sell off their coins. Auction Houses can make big bucks, but they have a relatively big risk to manage as well, along with the staff, and office space needed for all of it to function properly. Auction houses charge the buyer and seller in most cases, and I have seen them walk away with up to 20% from each side. So, anyone they can provoke /invoke to get them to part with their coins is worth a free shot at finding a collector parting with coins.
Its also a way to instill thoughts of getting back in to the coin collecting again, making you feel slightly guilty that you haven't purchased from them. They sound almost like they are saying "hey did you forget about us - the ones you buy coins from ? hehehehehe.
In any event, when I come home, I walk to the mailbox by the front door open it, get the mail out and slowly sift through it as I am walking towards the trash can. I don't take junk mail of any sort in my house, as its one less thing I have to gather up and put in the trash anyways. It simply eliminates the issue right from the start.
Businesses watch trends and price pints, and will occasionally list prices higher in one flyer, and then a flyer or two down the road, lower the coins back down to where they should be. They might get you thinking that its a sale or lower price point, but in the end its just a bait and switch style tactic.
I don't order from big businesses, they seem to over price their coins, even if they are near flawless. Sure they have a business to run, but, not at the cost of me overpaying for something so they can pay rent and employees and all things business.
In the end it is up to you how you want to handle it, but for the most part, try the trash can route and instantly remove any sight of the semi irritating flyers. Applies to emails as well. = )
|
|
Bedrock of the Community
United States
20753 Posts |
Littleton is famous for sending STUFF to people. And it's amazing how many just accept it and pay for it. Regardless of how overpriced the STUFF is. They've been in buisness a long time doing this. MOST people that know coins avoids that place but there are many millions of people that just don't know.
|
| |
Replies: 6 / Views: 1,431 |
|