I like haggling over a coin. For me it's like a small game that tests my knowledge of the market and the seller.
One time I was with a friend haggling with someone, trying to figure out how low I could get something. When I got it down to 50%, my friend was like "well, of course you have to buy it for that price!" Although I wanted to see if I could go even lower, I thought it was time to call it to maintain my friendship!
I think the auction with BIN function on eBay is pretty effective. If the auction price is an excellent deal and the BIN price is still decent, the BIN becomes very enticing.
@Wahoo554 said:
I think the auction with BIN function on eBay is pretty effective. If the auction price is an excellent deal and the BIN price is still decent, the BIN becomes very enticing.
The auction with BIN approach still brings back painful memories! I lost one of my most meaningful finds because I didn't realized that the BIN went away when the first person bid. If I new that, I would have just picked up the BIN instead of waiting to see how high it would go at auction. I ended up losing the auction because my, much higher than final price, bid encountered an error on eBay.
I already know a fair price range for the coins I want before I arrive at the show. If I like the coin and the listed price is within or close to that fair range I say “would you take $X”. Sometimes they accept and I buy, sometimes they decline and I still buy.
I don’t bother making an offer if the listed price is absurd.
Most buyers know/assume that the coin they're considering was acquired at wholesale or below. Most buyers know that the dealer needs to make a profit (and wants them to) in order to stay in business.
While most of the enjoyment one gets in acquiring a nice coin is the coin itself obviously, most buyers also really like it when they can feel that they got it for a bit less than retail.
Comments
I like haggling over a coin. For me it's like a small game that tests my knowledge of the market and the seller.
One time I was with a friend haggling with someone, trying to figure out how low I could get something. When I got it down to 50%, my friend was like "well, of course you have to buy it for that price!" Although I wanted to see if I could go even lower, I thought it was time to call it to maintain my friendship!
I think the auction with BIN function on eBay is pretty effective. If the auction price is an excellent deal and the BIN price is still decent, the BIN becomes very enticing.
The auction with BIN approach still brings back painful memories! I lost one of my most meaningful finds because I didn't realized that the BIN went away when the first person bid. If I new that, I would have just picked up the BIN instead of waiting to see how high it would go at auction. I ended up losing the auction because my, much higher than final price, bid encountered an error on eBay.
I already know a fair price range for the coins I want before I arrive at the show. If I like the coin and the listed price is within or close to that fair range I say “would you take $X”. Sometimes they accept and I buy, sometimes they decline and I still buy.
I don’t bother making an offer if the listed price is absurd.
Most buyers know/assume that the coin they're considering was acquired at wholesale or below. Most buyers know that the dealer needs to make a profit (and wants them to) in order to stay in business.
While most of the enjoyment one gets in acquiring a nice coin is the coin itself obviously, most buyers also really like it when they can feel that they got it for a bit less than retail.