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Getting a price

I find it funny that some people just won't name a price for the coins they have for sale. By my thinking, the one with the coin for sale should have an asking price. However, I've noticed some people just won't set a price and ask for offers. I guess their thinking is that they don't want to set too low a price for the coin, car, house, or other item they have for sale. I ask them to call me when they make up their minds, but I wonder if they'll sell to someone on the spur of the moment.

How do you deal with this? If it's a common coin it's easy-- just point them to a price guide and see what they say. If it's a particularly scarce or thinly traded item, it gets trickier. You can't point to a suggested price when one doesn't exist and when there aren't any hammer prices to point to.
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Comments

  • The interesting point is that you could offer twice what it's worth and they will assume you are still try a rip. I used to run Newspaper adds and I would run into this. It was like giving free appraisals. They would just keep your offer in mind when they went to someone else. What it really means though is that they don't know the value and are not ready to sell. I found no way around it.

    What I'd usually do is tell them to check around and call when they are ready to sell. One lady called me on the same add almost a year later(she had forgotten me), she was still looking to sell for the right offer.

    Coyn
  • shirohniichanshirohniichan Posts: 4,992 ✭✭✭
    Sometimes dealers are that way, too. They know what they paid for an off-beat coin, but they claim not to know what to ask for it. When they ask me what I think, I have to tell them I don't know. If it's something I know about I'll give my frank opinion. If I don't know and just think the coin is cool, I'm puzzled.
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  • this bothers me toimage When i'm interested in a coin and ask what they are looking for and they say make me an offer, i say bye

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