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 Replies: 15 / Views: 2,420 |
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New Member
United States
26 Posts |
Sometimes whenever I have asked a coin dealer how much he is selling specific junk silver coins, he asked me in response "How many do you want?" In my opinion, I think that's a rude question because it's like he is saying "How much money are you willing to put in my pocket?" or "How much money are you carrying?" On top of that, most people don't walk into a coin shop and think to themselves "I want to buy only 7 Peace dollars today". Have any of you encountered this before? |
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Valued Member
United States
344 Posts |
I wouldn't consider that rude coming from some dealers but it may seem that way just by someone's tone of voice. It all depends  . Come to one of my local coins shops and you'll see how rude some people can get. The store has a sign telling you to come get the owner in the bar/restaurant over and whenever you take more than 5 min he asks you how much longer you're going to be bc he wants to get back to drinking or eating. That's why whoever I do go there I only look in the junk bin and I'm sure to check over every coin in that bin.   |
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Moderator
 United States
14463 Posts |
I don't think that is rude. If you are only buying one coin, its one price. But if you are buying lots of coins, they may give a volume discount on the price, or throw in something extra to bring you back.
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CCF Advertiser
United States
1533 Posts |
How much does it cost? How many do you want? is a perfectly valid question. Have a look at prices for junk silver at all online bullion dealers. The price depends on how many you want to buy.
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Rest in Peace
10197 Posts |
Good point Andrew99, quantity still can get discounts. True, it all does depend on what you can pay out during this visit. My LCS is an "Old Timer", been around for many many, years, in his 80's, yea grumpy old man, dealt with too many "customers" over the years too. He only takes cash, no checks or credit, but yea, will definitely give a good price to his base and ...deal. Silver4face, if you got miffed over that, this fellow would most likely be wary of you.
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Pillar of the Community
United States
4211 Posts |
I agree with Fuzzy, Andrew and Crazyb0.
If you want a single silver dime v/s a roll of 50 I'm pretty sure the price would be different.
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Bedrock of the Community
 United States
12477 Posts |
I also agree. Bulk discounts definitely exist whether it be your LCS, ebay or APMEX. It makes sense. How do some stores sell items noticeably cheaper than others? Because they buy in bulk (or greater bulk) from the manufacturer. Quote:
because it's like he is saying "How much money are you willing to put in my pocket?" I think it's the opposite. The more you want, the more you'll save per coin because by asking that, the dealer is indicating that the price will drop with higher quantities. That's my four Half Cents. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
Canada
138 Posts |
I agree with most here. I'd assume the dealer is willing to give a better deal if you buy more coins.
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Pillar of the Community
United States
4589 Posts |
You are buying a commodity. Why is "how many do you want" NOT the appropriate question?
You go to the bagel store and they ask how many bagels do you want. There's also the quantity discount. A dozen costs about as much as 10.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Moderator
United States
187702 Posts |
Quote:
I don't think that is rude. If you are only buying one coin, its one price. But if you are buying lots of coins, they may give a volume discount on the price, or throw in something extra to bring you back. I agree.  |
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Pillar of the Community
United States
2023 Posts |
If a shop owner asked me how many I wanted, I would interpret that to mean that they had a large quantity and would be happy to sell as many as they could. That's more about getting rid of excess inventory than taking in additional cash. The end result might be the same, but the key word in the original question is "junk".
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Pillar of the Community
United States
1316 Posts |
An invoice's value is simply unit price x the qty. It's a 100% necessary question. I'm sure he has learned from his sales experience, he would be in the wrong to assume the QTY is always just 1 and always proceed with that.
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New Member
United States
49 Posts |
Quote:
wouldn't consider that rude coming from some dealers but it may seem that way just by someone's tone of voice. It all depends I would agree with this, its probably entirely dependent upon the tone. If he's just asking you how many coins you want its not a big deal, but I can imagine a situation in which its condescending or rude. |
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Valued Member
United States
57 Posts |
I usually phrase my 'how much is this' question like I only want to buy one, then after they give me a fairly high price, I ask 'what if I buy the whole lot/roll?' This does numerous things: 1. Lets the guy know I am willing to spend some money if the price is right. 2. gives me an idea of how much of a premium over spot the guy is charging, because I generally walk in knowing the spot price. 3. Or I will counter with a slightly lower, but still fare price, while offering to pay cash. Quote:
He only takes cash, no checks or credit I wouldn't know about most dealers I go to. I usually only take cash. In God We Trust, all other pay cash. I don't know how many time I only got the price I did because I was paying in cash. Numerous offers are countered with "you have cash?" I smile and say, "you bet." This being said, is it bad form for me to see a coin marked at say $40 (a fair price) and ask if he would take $35? Am I offending dealers by trying to get a better price? |
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CCF Advertiser
United States
1533 Posts |
No. It is generally expected. If he does not want to entertain offers, he may tell you, but one guy around here marks his prices on coins he does not discount "Net price", so you know not even to ask.
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Pillar of the Community
Norway
1358 Posts |
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I think that's a rude question Being insulted is the world's favorite pastime these days. If you don't instantly understand what someone means, the simple phrase 'what do you mean?' usually works wonderfully well. |
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Replies: 15 / Views: 2,420 |
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Posted 05/11/2017 9:37 pm
