Dealer Opinion Question

I'm not a dealer but here is my opinion.
No, that isn't right at all. If the coin has a price on it you should be able to buy it for that price.

Now, if you decided you didn't want it and walked away he has every right to mark the current price on it.

Dealers, If you want to sell all of your stock at current prices you need to either update the prices on a regular basis or don't put prices on them at all.

If you wanted to be a little nutty about one small purchase, you may well want to look up the laws governing sales in public. This means items for sale to the public that are advertised in some form, way or respect. Now here is one of the catches to any such law. Did the coin actually state for sale or was there just a price for that coin. The price could well be a stated value of something that is not for sale. An example of this is the sticker prices on vehicals at the numerous auto shows now going on. Most have a sticker price in the window but if you attempted to purchase that vehical you would be told to go to your local dealer and buy one. Why not the one there? Because it is not actually stated this particular one is for sale. It gets more complicated. You do go to the dealer and find the price is higher. False Advertising. NO. Same with the coin you saw at the dealers. He may have put a price on it and it may or may not be for sale and he could tell you it is not for sale if not so stated. Such things are dumb but work for the sellers as well as the purchasers of many items. Such systems are utilized at many gun shows so a dealer can refuse a sale to someone that has the ability to purchase a gun but the dealer just doesn't like the sound of the deal.

I am new...why are the lincoln's going up?

I am new...why are the lincoln's going up?


WELCOME TO THE FORUM. And why are Lincoln's going up right now. Possibly the 100th anniversary of that coin is one reason but many people are speculating that will end the series. If this happens it is sort of like when an artist dies. His paintings jump in value but while he was alive they barely sold. I guess if people thought an artist was going to die soon they would do the same and attempt to buy all his painting for that reason. Just human nature. Some years back they stopped making convertible cars in the US and the prices of all of them sky rocketed. Then in the 80's, Chrysler ruined that with the new convertible. When there were none, everyone wanted one.

I stopped puttingt prices on most of the coins in my cases because of this. However, if there is a price marked and someone asks to buy it, I never turn them away, that is just bad business. If he is anything like most dealers, the price he had on it was already going to bring him a nice profit and he should have sold it to you instead of slighting an avid collector who would have surely given him a good deal of business in the future. I have mail orders that get great deals just from the market change between the time of the order and the ship date and I can't just keep the coins because silver went up. I'd go out of business.