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 Replies: 25 / Views: 19,700 |
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Pillar of the Community
United States
1915 Posts |
I will not buy from a dealer that does not have a "starting" price clearly marked on a coin. I take checklists with me and have some values data for the ones I am looking for. If a dealer has something I am looking for and the price onthe item is within what I consider reasonable, I will purchase. If a dealer has not taken the time to price their items, to me it means, the price will change from customer to customer, or they did not think customers were worth that extra step. I will then move on to the next table.
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Pillar of the Community
United States
1353 Posts |
I agree with seal006. Cherrypicking coins is one thing; cherrypicking customers is another!!
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Valued Member
 United States
58 Posts |
Cherry picking customers is exactly right. If I have a child come up to my table and is starting his coin collection, you better believe he is going to get a better deal then some old shrud with a attitude. I would rather take a hit on a coin to ensure the future of my hobby. I would never deny a person a coin over a few dollars because he honestly can not afford it. Lets say I put $100 on a coin and a person (especially a teenager or young person) comes to my table and only has $85 on them. Out of 100 people, how many will just move on without asking if I would take $85? the price thing is actually a benefit to the customer rather then a hindrance.I think people need to stop looking at coin dealers as car salesman. Not all dealer are dishonest.
Edited by CoinNut
01/19/2010 11:50 am
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Valued Member
United States
278 Posts |
My main dealer usually doesn't have a price on the coin, but has some funny code for how much he has into the coin and when he got it. If I could only figure that code out, I bet I would have a larger or less expensive collection today...
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Pillar of the Community
United States
1915 Posts |
I am not saying a dealer is dishonest. I am saying it does not project a positive image. This is my opinion. If you have say 250 coins laid out on your table, do you know your asking price for all 250 of them? Are you the type that everytime you are asked a price you reach for your Red Book? It is widely know at shows the price you see is seldom the price you pay. If I come in looking for a handful coins and want to comparative shop, if your table does not have prices on your items, You just lost a potential sale from me. If that is how you like to do shows, then great. That is the good thing about shows. Every dealer is different. |
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Bedrock of the Community
United States
12437 Posts |
To add to what CoinNut said about dealers not having a listed price, dealer-to-dealer transactions are typically at the wholesale level which would be a bit lower than any listed retail price. Some dealers also actively take in trades and will adjust the price of a coin based on the quality of a trade(more desirable material in trade gets a better price on the buy). Quote:
If I have a child come up to my table and is starting his coin collection, you better believe he is going to get a better deal then some old shrud with a attitude. Good for you, I wish more dealers treated YNs in that manner  |
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Pillar of the Community
United States
1000 Posts |
This reminds me of when I was a kid and went into a coin shop. I was only about 9 years old with my paper route money in my pocket. The dealer did not have anything priced in his counter. I asked how much for a roll of wheat pennies, he asked me "How much would you give me for it" I left, never to return again.
As long as you are pricing your coins fair for everyone and not sizing up a mark to overcharge them, I don't have a problem with it. But if you sometimes take a person or two to the cleaners because they are an obvious newbie, I would question the practice.
Good topic though, So it is a general consensus, that the cherry picker's guide is a must have to keep yourself informed.
I just might have to pick one up.
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Pillar of the Community
United States
2797 Posts |
Quote:
Can someone explain why the latest 5th edition comes in Volume 1 and 2?
Which edition do we buy if we want everything from cent to dollar in one book?
Thank you.
The 4th Ed was set up the same ... Vol 1 Half Cent through nickel, vol 2 ten cents and up. I don't know if Editions 1-3 were split. It's just too much information for one volume. Plus, if they put it all in one, they can only charge you once. |
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Pillar of the Community
United States
1353 Posts |
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Pillar of the Community
United States
619 Posts |
Would fluctuating metal prices also be a reason why dealers won't mark their coins with prices? I asked a dealer once, "Only five bucks for this '64 half?" He pointed to the sign on his table that said coin prices will be calculated based on current metal prices. You could end up with a sloppy 2X2 if you keep crossing out prices and writing in the new so I can see their point.
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Replies: 25 / Views: 19,700 |
First Page
Posted 01/18/2010 09:46 am
