Poll: When you are purchasing a coin for your collection, how important do you believe the seller is
RYK
Posts: 35,800 ✭✭✭✭✭
And before you answer, "Not at all important, I know best!", please consider the possibility that the coin/slab may be counterfeit, the coin might be stolen, the role of the seller in the marketplace, previous experience (or lack thereof) with the seller, the expertise and reputation of the seller, and other issues that go beyond one's ability to judge whether the coin is suitable for your collection.
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The phrase “buying from the devil” comes into play for the few dealers I don’t like or who have tried to beat me in the past. Since I think I know what I’m doing, I’ll “buy from the devil” if “the devil” has what I want, but most of the time prices that are too high are one of the hallmarks of “devils.” I rarely buy from “devils” because usually they are far down on my list of "dealers to see" when I go to a show. Therefore I don’t spend a lot of time reviewing their inventory.
<< <i>I answered #2 because the stolen goods angle. Since most of my coins have come from established dealers, the selling of stolen goods problem is low, but there have been some people I knew were into shady practices, and I avoided them.
The phrase “buying from the devil” comes into play for the few dealers I don’t like or who have tried to beat me in the past. Since I think I know what I’m doing, I’ll “buy from the devil” if “the devil” has what I want, but most of the time prices that are too high are one of the hallmarks of “devils.” I rarely buy from “devils” because usually they are far down on my list of "dealers to see" when I go to a show. Therefore I don’t spend a lot of time reviewing their inventory. >>
Interesting. Would most specialty dealers fall under the "devil" category as their inventory is largely overpriced.
BTW, I voted #2 as well.
EAC 6024
I cannot concur with this generalization. I have seen it both ways (actually, all four ways).
I answered #3, but sometimes I shade more toward #2 and others toward #4. It really depends a lot on the coin and transaction details.
there are a few dealers I've had multiple transactions with and prefer to do business with, as long as the coin and price are right, but mostly it has been ebay and my price for the items, from hundreds of different sellers
I voted #1
Liberty: Parent of Science & Industry
EAC 6024
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>
<< <i>I answered #2 because the stolen goods angle. Since most of my coins have come from established dealers, the selling of stolen goods problem is low, but there have been some people I knew were into shady practices, and I avoided them.
The phrase “buying from the devil” comes into play for the few dealers I don’t like or who have tried to beat me in the past. Since I think I know what I’m doing, I’ll “buy from the devil” if “the devil” has what I want, but most of the time prices that are too high are one of the hallmarks of “devils.” I rarely buy from “devils” because usually they are far down on my list of "dealers to see" when I go to a show. Therefore I don’t spend a lot of time reviewing their inventory. >>
Interesting. Would most specialty dealers fall under the "devil" category as their inventory is largely overpriced.
BTW, I voted #2 as well. >>
Some, but not all. My main issue with many dealers is selling coins that have had work done on them without mentioning the fact that coin had fixed. Slabs have knocked down a lot of this, but not all of it. I've found that some of the dealers who used to try to sell repaired stuff without marking it as such now are just high priced and prone to selling pieces that have been lightly cleaned but slabbed as "original."
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
type2,CCHunter.