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 Replies: 7 / Views: 1,192 |
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Valued Member
United States
462 Posts |
I stopped by our local pawn shop today, it was very interesting. He has a few coins, maybe 100, but seems to be way over priced. He had a set of 2004 quarters that are on ebay for $24.95 and he is asking $69.00 for it. This is my first visit with him, and he seems a nice enough guy, just not savy about coins. Is it rude to negotiate with him on his price? Do I bring in my Red Book and/or an ebay print out? I would like to develop a good friendship with him just in case anything extraordinary comes in, but I don't want to over pay. I get the feeling that I may overpay and underpay, depending on what he paid for the pawn. Do you pay an "over price" once in a while to try and get some "under prices" in the future, creating a good relationship? Just curious how you guys and gals would handle this situation. |
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Moderator
 United States
188130 Posts |
It never hurts to ask.  I would show him the Red Book or some other price references. Maybe he is overpaying for them in the first place. If you can keep him from overpaying and he knows you will have an interest in buying the coins that come in, then he might give you a good price. I think the wost thing he could do is say no! Edited by jbuck
01/02/2009 2:47 pm
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Valued Member
United States
311 Posts |
I'm sure it varies from place to place, but at the pawn shop I go to (I've got another thread about it on this forum) haggling seems to be expected... For example, a couple months ago I bought a Morgan dollar that had a $23 price tag on it... explained that it was a common date and silver was down around $10/oz at that point, and got it for $14, which was a lot closer to fair market value for it. I would guess they only paid $5-8 dollars for it anyway. Just be polite and reasonable. |
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Pillar of the Community
United States
2335 Posts |
I know a guy that owns 4 pawn shops. They expect people to negotiate, & believe me they have plenty of room in their prices.
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Rest in Peace
United States
3039 Posts |
I think pawn shops could be a pretty much untapped resource for possible coin treasures. I'm gonna do it ! Tomorrow I'll start working them. I'll post anything exciting.
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Valued Member
United States
245 Posts |
Most pawn shop owners, the many I have encountered are unsavory characters to say the least. If they think you are on to something, they will find someone with superior knowledge to ask. Best thing is to act uninformed and offer them half, or less.
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Pillar of the Community
United States
1208 Posts |
Pawn shops around here have coins, but they are overpriced. They get a Buffalo nickel and think it is worth a fortune! The best way to get a deal at a pawn shop is to check in every now and again, and take notice of the goodies you like, and see which ones hang around unsold for 30, 60, or 90 days. Pawn shops keep track of how long they sit on stuff, and if it has been a long time, they will drop the price drastically to sell it. I have gotten some very good deals this way. |
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Valued Member
United States
116 Posts |
Just can't seem to get very far at my local pawn shop, but visit on occasion. Prices way to high, but they are always willing to negotiate. If I'm buying 20 coins and have to call the owner over twenty times to get a sale price, it gets confusing and he gets irritated. Had my best luck buying partial complete sets. Their coins are really unorganized, boxes, plastic containers, coins and rolls all over the shelf that you can't look at without asking. Also a lot of paper money in boxes and a display. It's just very difficult to make a purchase. Plus they make big money selling guns and really don't want to give you much time.
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Replies: 7 / Views: 1,192 |
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Posted 01/02/2009 3:05 pm
