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There are dealers out there who...
MidLifeCrisis
Posts: 10,614 ✭✭✭✭✭
- Consistently sell nice coins at all price points.
- Have high quality images of the coins they have for sale.
- Are recognized experts.
- Will provide generous amounts of advice and assistance at no charge.
- Offer good value for trades.
- Regularly buy back coins they’ve sold – at a fair price.
- Have sent me more money after a trade deal was completed because they determined they didn’t give me enough for one of my coins.
- Often identify coins that have a good chance to upgrade and pass that information on to the collector rather than upgrade the coins themselves.
They're not all bad, ya know.
- Have high quality images of the coins they have for sale.
- Are recognized experts.
- Will provide generous amounts of advice and assistance at no charge.
- Offer good value for trades.
- Regularly buy back coins they’ve sold – at a fair price.
- Have sent me more money after a trade deal was completed because they determined they didn’t give me enough for one of my coins.
- Often identify coins that have a good chance to upgrade and pass that information on to the collector rather than upgrade the coins themselves.
They're not all bad, ya know.
0
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PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
But really, why don't you let us know so WE can indulge.
<< <i>Out them!
But really, why don't you let us know so WE can indulge. >>
No! It's my little secret.
Check out some of my 1794 Large Cents on www.coingallery.org
<< <i>- Consistently sell nice coins at all price points.
- Have high quality images of the coins they have for sale.
- Are recognized experts.
- Will provide generous amounts of advice and assistance at no charge.
- Offer good value for trades.
- Regularly buy back coins they’ve sold – at a fair price.
- Have sent me more money after a trade deal was completed because they determined they didn’t give me enough for one of my coins.
- Often identify coins that have a good chance to upgrade and pass that information on to the collector rather than upgrade the coins themselves.
They're not all bad, ya know. >>
Definitely. And those guys are in the top 5-10% of all dealers. It often takes years of working with one to find that out however.
Most collectors have to deal with the other 90%....even though many think they have one of those top 10% guys.
roadrunner
However, I find that when someone sends you a check because they made too much money on something is often because the dealer was not knowledgeable or because they ripped your eyeballs out too much in the first place...
On the "Regularly Buy Back Coins That They've Sold -
At a Fair Price"
Is buying back a coin from a customer, who purchased
over 6 months prior, for 17% less, considered a fair
price to those of you posting here?
It's not a bullion coin, it's a fairly rare error coin.......
Just wondering, as I had a situation just two weeks
ago that, although I feel I did the right thing, left the
buyer upset at me.
(I might post more details, but given the above info,
was I fair to offer 17% Less than I sold it for, over
six months prior, and in a weaker market?)
<< <i>Question:
On the "Regularly Buy Back Coins That They've Sold -
At a Fair Price"
Is buying back a coin from a customer, who purchased
over 6 months prior, for 17% less, considered a fair
price to those of you posting here?
It's not a bullion coin, it's a fairly rare error coin.......
Just wondering, as I had a situation just two weeks
ago that, although I feel I did the right thing, left the
buyer upset at me.
(I might post more details, but given the above info,
was I fair to offer 17% Less than I sold it for, over
six months prior, and in a weaker market?) >>
If 17% back was a fair price in this market, then yes. A seller who can't see that needs educating or is greedy.
Too many positive BST transactions with too many members to list.
<< <i>No! It's my little secret. >>
So that is how you reward good customer service, by keeping it to yourself. I am quite certain based on all the characteristics that you just described about your dealer, he/she sure wouldn't appreciate you not passing on their name. Just a thought.
BTW a 17% hit on a coin purchased six months ago is not bad, coin dealers are in business to make money, not rescue insolvent European governments and mortgage bankers.
<< <i>
Is buying back a coin from a customer, who purchased
over 6 months prior, for 17% less, considered a fair
price to those of you posting here?
It's not a bullion coin, it's a fairly rare error coin.......
>>
Sounds reasonable to me. If the customer thinks the coin is so great, let them auction it.
<< <i>Question:
On the "Regularly Buy Back Coins That They've Sold -
At a Fair Price"
Is buying back a coin from a customer, who purchased
over 6 months prior, for 17% less, considered a fair
price to those of you posting here?
It's not a bullion coin, it's a fairly rare error coin.......
Just wondering, as I had a situation just two weeks
ago that, although I feel I did the right thing, left the
buyer upset at me.
(I might post more details, but given the above info,
was I fair to offer 17% Less than I sold it for, over
six months prior, and in a weaker market?) >>
I expect a dealer to pay less for a coin that he sells. Wholesale vs. Retail. Why would this case be any different.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
<< <i>Question:
On the "Regularly Buy Back Coins That They've Sold -
At a Fair Price"
Is buying back a coin from a customer, who purchased
over 6 months prior, for 17% less, considered a fair
price to those of you posting here?
It's not a bullion coin, it's a fairly rare error coin.......
Just wondering, as I had a situation just two weeks
ago that, although I feel I did the right thing, left the
buyer upset at me.
(I might post more details, but given the above info,
was I fair to offer 17% Less than I sold it for, over
six months prior, and in a weaker market?) >>
Fred, all I need to know about that deal was that you were involved. While your
customer might have been disappointed, I know that your offer was fair. There
are just some individuals in the rare coin market that are above reproach, and you
are one of them.
I won't disclose the actual coin,
as some members here might
then be able to figure out who
the collector is (I don't believe
he's a member of the forum).
This collector called me on occasion
for about two years prior, asking
me questions about his series; I
was always friendly, spent much
more time than normal on the phone
answering his questions, and was
glad to be helpful.
Earlier this year, he found a coin
on my website that interested him;
he asked questions, asked for my
best price (which I discounted a
pretty good amount, as I figured
he really wanted it for his collection).
We talked about the coin for at least
a week or two, as I recall. I finally
gave him my best price, shipped the
coin to him at his agreement on the price.
He kept the coin for almost a full month;
when I contacted him at that point, I
said "you're welcome to return it, but it's
been almost 30 days, so I'd like to know
if you're going to keep it or not - no problem".
He paid within 10 days or so.
Then, two weeks ago, he said the coin
'Didn't fit in his collection". I offered him
about 20% less than he paid when he
said he didn't want it any more. His reply
was that he wanted 10% less than what
he paid....and I said 'you're welcome to ask
whatever you want for the coin - more or
less than you paid for it' - but my offer, which
I raised a bit the next day in an email, was
exactly 17% less than he paid for it over
6 months earlier, after negotiating my very
best price, and having the coin in-hand for
about a month, before making a final decision
to keep it.
I felt my offer was fair - I haven't heard back
from him regarding my offer of 17% less -
and I assume he's not happy with me.
Frankly, given the circumstances, I feel fine.
<< <i>Question:
On the "Regularly Buy Back Coins That They've Sold -
At a Fair Price"
Is buying back a coin from a customer, who purchased
over 6 months prior, for 17% less, considered a fair
price to those of you posting here?
It's not a bullion coin, it's a fairly rare error coin.......
Just wondering, as I had a situation just two weeks
ago that, although I feel I did the right thing, left the
buyer upset at me.
(I might post more details, but given the above info,
was I fair to offer 17% Less than I sold it for, over
six months prior, and in a weaker market?) >>
Sounds very fair
Steve
<< <i>Is buying back a coin from a customer, who purchased
over 6 months prior, for 17% less, considered a fair
price to those of you posting here? >>
FredWeinberg, Yes as after we negotiate a 15% discount, sure your entitled to make 2%!
Often I am happy with a bit more in credit. That could have made the return feel more generous.
Lance.
<< <i>- Consistently sell nice coins at all price points.
- Have high quality images of the coins they have for sale.
- Are recognized experts.
- Will provide generous amounts of advice and assistance at no charge.
- Offer good value for trades.
- Regularly buy back coins they’ve sold – at a fair price.
- Have sent me more money after a trade deal was completed because they determined they didn’t give me enough for one of my coins.
- Often identify coins that have a good chance to upgrade and pass that information on to the collector rather than upgrade the coins themselves.
They're not all bad, ya know. >>
Find a few you like and stick with them.
In most circumstances, 17% of a $500 coin sold is a much more palable outcome for the buyer than 17% of a $50,000 coin sold.
Then again, I could be wrong or have missed more salient points in the conversation thereby making my logic look off the reservation! lol.
edited immediately for grammarrrrrr.
<< <i>Name some of these dealers guys!!
Brian Greer would be one dealer that meets the listed standards, I highly recommend him!
Doug