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 Replies: 56 / Views: 4,795 |
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Valued Member
Canada
183 Posts |
When they put out the new coin guides the price of silver was only $22.00 a troy ounce.Now go buy a unc silver set at trend prices Good-luck.
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Valued Member
India
265 Posts |
i get a lot of coins from dealers, so the dealer would give me a overall discount, sometimes, he might give me a discount on individual coins too.
warm wishes.
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Rest in Peace
United States
9104 Posts |
Quote:
The price tag is interesting but it's rarely the final price except for the largest dealers.
Who became the largest dealers by running their businesses as businesses instead of like third-world bazaars. Ever noticed that countries that run commerce by haggling on everything haven't advanced in thousands of years? |
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Pillar of the Community
 United States
629 Posts |
Thanks for the input and I agree that no harm in asking for a discount or is this the best you can do. When I ask a dealer to give me a price, I am hoping that he will discount it but I do intend on buying the coin. If the coin is overpriced to begin with, I probably skip it as the discount would not come down to the price that I feel is fair. So if you haven't tried asking in the past, try now, what's the worst they can say NO?
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Rest in Peace
United States
9104 Posts |
Two examples from other dealers: (dealer comments in italics)
Store dealer just bought some gold pieces at a steal. Regular "customer" who never buys anything comes in and looks at one of them, asks the price. $250. Gee, I dunno, that's a good price, but I'll pass. I know, I just paid $275, and just wanted to see if you ever intended on buying anything. Now that we've established that you don't, get out of here and quit wasting my time.
Vest pocket dealer calls me up to look through a collection he bought. I go to his house, he pulls out a couple 9" boxes and we start thru.
I flip through a few coins, find one interesting, 25, OK, few more, 20, OK, 17, hold, 35, pass, etc. Once they all have been checked, there's an OK pile I'm taking, a hold pile for another look, and the ones I passed on.
Now we go through the hold pile. Here's one he said 17. How about 15? I'll give 13, OK. In a few minutes, he's either cut the prices on the holds, taken a counter offer, or put them back to sell elsewhere. Rarely did we ever need more than one round of haggling.
Afterwards, while we're eating pizza and chatting about business he says I just want you to know that I now give you first shot when I buy stuff. I used to call ****** Brothers, since they're five minutes away, but it is like pulling teeth to deal with them.
They'd pull out what they were interested in. I'd say 25, they'd offer 20, back and forth for five minutes until we got to 23. Repeat that on every coin. Two hours later, I end up getting the same profit from them, and I'm worn out.
I call you, we go through the collection, ten minutes later we're done, relaxed and can order a pizza and goof off awhile before you have to drive home.
Everyone has their own style, YMMV.
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Rest in Peace
United States
9104 Posts |
Quote:
I wouldn't go to the local grocery store and pick up a $2.00 loaf of bread and offer them $1.50 for it and expect them to take it I did walk up to the service desk at Meijer's one january evening and ask them to tell the manager I'd give them a dime a box for their candy canes and take them all. The clerk started "well, they've been marked down to 29 cents from $1.09..." I said, "I'm not asking you to make a change, that's why I want your manager." The unhappy clerk called the manager, and a few minutes later, I was piling about 325 boxes of candy canes in my friend's van. |
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Valued Member
United States
307 Posts |
Well said Fred. Money talks and the rest walks. We make so many barriers for ourselves we don't know to enjoy living. Let you ya be ya and you nay be nay. Bargain if you want to or buy it with no bargaining but be content with what you have done. Be Leary of friends that the first question they ask is how much you paid for it. My opinion only.
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Pillar of the Community
Canada
610 Posts |
 "Be leary". I bought a coin 2 years ago for $311.00.My son-in-law said "That's crazy,that's nuts".Today this coin will cost you $639+(Recent selling price) Now I don't tell anyone when asked "HOW MUCH?" (Sorry if it sounds like I'm high-jacking this thread.) |
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Pillar of the Community
United States
3077 Posts |
one of my local shops after I had bought from him a couple of time told me to ignore the prices in the flips he will do better so I dont have to ask
needless to say I visit him frequently
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Rest in Peace
United States
9104 Posts |
Fun incident at a show:
Dealer with table has a page with 10 Canadian silver dollars in it, mostly duplicates.
Customer looks at it, dealer quotes $25. Bullion dealers were paying $2.90 per $ for 80%.
I'm behind customer on one side, another dealer behind him on the other side. The other dealer makes all sorts of signals to the table dealer that he'll take them if the customer passes.
I wouldn't make anything that way, and can see the collector is debating if he can make anything on them, so I tell him "buy them, I'll give you $27". He says OK, I hand him $27, he peels off his two bucks, gives the dealer $25 and me the coins.
The other dealer wasn't a happy camper, but admitted he was beat fair and square.
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Pillar of the Community
Canada
3692 Posts |
@biggfredd: What's your definition of advancement? Because to me, I find that people in the Western world have become saps because they don't question anything anymore. I question EVERYTHING.
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Rest in Peace
United States
9104 Posts |
You name it; most such countries had a 5000 year headstart on the US, and they still don't have decent roads, water supplies, industry,or general infrastructure. Want something to question? Why are we still making cents, nickels and dimes, when none of them have the purchasing power Half Cents did when they stopped making them in 1857, and two of them cost more to make than they're worth to spend? |
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New Member
Canada
38 Posts |
Whoever pays the price labelled is a fool.
I push everyone for lower prices and not just dealers. I'm talking banks, cellphone companies, travel agents, etc...
Saves you hundreds of dollars easy.
There is a reason why there are so many rich people in America/Canada. Everyone pays the labelled price as if it is the best available. And anyone who knows economics, knows that the best price is never cut and dry and labelled on a product. The most efficient economic systems would need price discrimination to maximize economic profit.
So to the guy saying those countries who still use haggling as a practice... well take a look at China/Japan/Taiwan/India. Each one of them demonstrate a more free market than even the US and are BOOMING. Because people pay the best price.
Anyways, no more hijacking.
And yes, ALWAYS ASK FOR THE BEST PRICE. The dealer is there to make money and you're there to get the most coins for the least cost. The agreed price that makes both happy must meet. If you're happy getting ripped off, well... continue paying sticker/retail prices.
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Valued Member
Canada
276 Posts |
@Jacked_J: OMG You're one of those annoying and pushy customers. I bet you get a decent deal the first time you shop, but not a great one when you go back. For example: I have never asked for a discount at my coin shop, and the dealer eventually asked me why. I told him that I assumed he was offering me the best price, and even if he wasn't, he'd figure out that I don't haggle for the difference. Once he figured that out, he'd offer me lower prices, because he knew i'd be a repeat customer. This works because I trust my dealer, and he trusts me. We've built a relationship where we both benefit.
If you go in pushing for a great deal every time, you *have* to push for a great deal every time, because it becomes a game - to see who can "win" the most from the other. Sure, it works ... sometimes. But my way works ALL the time, and I don't have to live my life while assuming the worst in people (that they're all out to rip you off).
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New Member
Canada
38 Posts |
rodime,
Actually, dealers treat me much the same as yours treats me. They instinctively know I want the best price. I just need to point at what I want, and they immediately give me 40% off (at least). So suppose I point at a coin labelled $60. He says right away... "I can give it to you for $35-40."
Right away.
Why? Because he knows what I want. He knows I'm a repeat customer. He knows I pay cash.
And guess what... I never had to pay retail to develop that relationship.
I call that a win.
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Posted 02/22/2011 6:43 pm
