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 Replies: 11 / Views: 1,397 |
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Pillar of the Community
United States
591 Posts |
My local coin dealer that I deal with bought out a collection before I got in the store this am. He had an album of lincolns in the stack. I pop it open and see a 1909 Plain BU that I wanted. He priced it to me I told him to go ahead and pull it out figured it would look just perfect in my Album lol. Upon pulling it out he looked it over and noticed it was a 1909 VDB. We of course that wasn't what I wanted and he couldn't or wouldn't sell it for the quoted priced.
So I chalked it up as i'll have to find one else where. He walks away while I continue looking through the book. When he gets back he hands me a 1909 plain that is VF shape and told me to put it in my pocket and not to worry about paying for it.
I just thought that was the neatest thing for him to do that. I guess thats what keeps me going back.
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Pillar of the Community
 United States
591 Posts |
On another note I did buy the prettiest tone 1935 Wheat I have ever seen lol
Trying to get pics as we speak
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Pillar of the Community
United States
5318 Posts |
Very cool! Good dealers know how to win your business.  |
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Pillar of the Community
United States
1713 Posts |
This is a funny title to see in the sell forum. Someone is selling their local coin dealer! It's nice to know that there are good dealers like yours around!
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Pillar of the Community
United States
591 Posts |
ack can I get this moved Ple ASE |
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Pillar of the Community
United States
2764 Posts |
I am glad that your dealer was nice to you and winning your business... It's obviously we want to buy from such dealer, right?
On a side note ( I don't want to make everyone feel bad when praising this dealer)... but based on "insideout" story - the dealer didn't even realized what he got in his stock, which he just bought, meaning when he bought the collection, he didn't even care to take a closer look at those possible high price coins so that he can give the seller a fair offer (I bet the seller didn't even know what he or she had and just trusted in the coin dealer).....
All of these lead to my question: Will you let your descendants (those inherit your collection) sell your coins to this dealer?
Such similar issues (coin dealer ethics and buying practice) had been discuss numerous time on this forum and also in Susan Headly's column in About.com so I don't want to chew on the issue anymore.
I'm sorry if my post ruin anyone's day.... it's just some thought that I want to share w/ this family forum.
Have a great day.
Bruce
Edited by SA4H
03/17/2008 8:59 pm
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Pillar of the Community
United States
3233 Posts |
That is one very cool dealer. It's hard to get the time of day much less a free coin from any coin store dealer hear within 50 miles of where I live!
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Pillar of the Community
United States
591 Posts |
Well I will say the dealer had just bought the collection prior to me going to the shop. I know not what he paid for it etc etc. But who ever sold it obviously accepted the price. This dealer is out to make money and from what I know and have seen of him his business practices are good. I have heard and seen him tell people what the coins are worth and what he is willing to pay.
"All of these lead to my question: Will you let your descendants (those inherit your collection) sell your coins to this dealer?"
Business is Business bottom line. If your willing to accept what they give you for your collection without researching your options. It becomes your loss.
Most of the rarer coins will come from someones estate. So that means a dealer somewhere had to buy them does this mean they also have no ethics? You cannot blame the dealers for others ignorance.
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Bedrock of the Community
United States
20753 Posts |
I think it's obvious that that coin dealer has had a lot of experience in dealing with people from somewhere. He knows that a small gift of something someone wants or needs could possibly be creating a customer for a long, long time. And you never know it might just be a customer that eventually spends a lot more than the average person in the future. Building a client basis for tomorrow is really a smart thing in buisness. Sounds like the kind of person that gives gifts to kids also.
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Valued Member
United States
226 Posts |
Count your blessings "insideout", Because as Prethen stated good dealers are hard to find. It always enhanced my coin collecting experience when I met or dealt with a coin dealer that was honest and actually enjoyed coin collecting. It also brought me back to their shop, which is exactly what they need to stay in business. On a different note, is it considered taboo to mention bad dealers by name on the forum ?
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Valued Member
United States
303 Posts |
Most dealers that I have met always give out good deals or a few free items, like some coin holders or good discounts and always talk about stuff. I am on my internship so I get to travel around and go to nearby coin dealers. I know a very good coin/jewlery dealer back at my college home. He has a helper that likes to collect militaria, so even better.
I went to one dealer for a second time, bought a British gold half sovereign for $140 cash and he still charged me $0.10 each for five cardboard holders... I don't think I will ever go back there again, also all dealers I have seen charge .05 for each coin holder. Didn't say one word, except to tell me that he is going to charge me sales tax, even though the little sign said I can save the sales tax if I paid cash and not by credit card. He does not even accept credit cards, wow very deceiving. Although, they do have nice paperbags with their logo on it.
Went to another one next day, first time there, great service, gave me a $1 discount on a $5 coin, another discount on the supplies I bought. Let me look at some foreign coins and left me with them, trusted that I won't take any. Talked about Chinese stuff, since I was looking at Chinese coins and currency.
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Pillar of the Community
United States
591 Posts |
This dealer has been around for a long time. He has down sized his operation as he used to deal in ball cards and comics and such. I know for a fact he has been in business for over 25 years. I'd rather deal with him than the others I deal with also. Some things I pay a little higher price but the service is worth it. I can ask about anything as far as coins I'm looking at and he will give me an honest answer.
Prices everything from the greysheet right in front of you. When looking at coins for my album I've had him tell me you don't want that one because it has been cleaned.
I have to say it's to bad he dosen't sell or the internet.
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Replies: 11 / Views: 1,397 |
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Posted 03/14/2008 12:03 pm
