Anyone ever see this for your LCS?
U1chicago
Posts: 6,246 ✭✭✭✭✭
Has anyone else seen this offer from an LCS?
If so, did you ever use it?
Do you think the LCS just lowers their buy offers to account for the coupon?
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Do you think the LCS just lowers their buy offers to account for the coupon?
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Probably a loss leader to get them into sell, and then theyll come back again and again
I have found over the years, that people who come into sell, get comfortable with where they sell the first time, and come back and do business again and again.
I wonder how they would react if you withheld the coupon until the end of negotiations? Probably not honor it since they expect the coupon up front?
They make the big dough on the jewelry. They buy it by the weight. If its not broken it goes in the case at huge mark up. If its broken they fix it then put it in the case at a huge mark up. Just look what a gold ring costs, then figure out what it would cost if buying at the gold price. Mark up on jewelry is insane.
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The mark up is insane on jewelry. And then a few years back, when I was doing yard sales and garage sales and second hand/antique stores I found a lot of.925 and 14k for pennies on the dollar. 👍🏼
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$22_ extra_.
Minimum $222.
When you sell to us.
There is an ocean of latitude in that offer.
They don't have to honor it at all. They won't honor it on purchases less than $222. And on purchases greater $222, the percentage drops the larger their purchase.
Taken in the very best way it could conceivably be, it's just a 10% bonus. Like an extra 75 cents each for a roll of average circulated Morgans.
--Severian the Lame
I'd figure the best value for the seller would be to add it on with about $222 worth of generic gold or silver that would normally sell for around melt. It's not much, but most would take the extra 10% in that case.
Far as jewelry,rings mark up etc. a jeweler friend once told me this is called 'stepping on" up/down the buy/sell chain.
When we use those Entertainment book coupons for dining the establishment requests the coupon up front with your order. To deliver a smaller serving?
Coupons at coin stores are just not something most are used to-especially one offering to add extra when the person is selling to them. Coupons at restaurants are fairly standard and are some type of discount for your purchase. So I wouldn't expect it to be a smaller serving (unless it was an offer of a free sample item).
That coupon really should expire in February
A “loss leader” involves selling at a loss. And that’s not necessarily going to happen to the dealer, just from issuing those coupons.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Just sales bait....Pulls in the customers. Such things are designed for the establishment to make money, not lose. Cheers, RickO
It's $22 on $222 minimum. If someone walks in with a sterling silver set of silverware, it ends up being $22 on $1500+.
It's advertising not a scam.
Considering the low ball offers that many coin shop dealers make to walk-in coin sellers, I'm sure they're still making a sizable profit even if they give then an extra $22.
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