How important is it to acknowledge dealers or those you purchased your coins from?
DAM
Posts: 2,410 ✭✭
I've noticed some collectors include the dealer or individual they purchased their coins from. Is this a record keeping method? Are you giving back a little to those who have helped you complete your set(s)?
I'm curious because I'm waiting on a couple of coins that will complete one of my Type Sets. I thought when it was finished I would acknowledge those who have assisted me in completing the set.
I'm curious because I'm waiting on a couple of coins that will complete one of my Type Sets. I thought when it was finished I would acknowledge those who have assisted me in completing the set.
Dan
0
Comments
I will say this. Roughly 3/4 of the coins I get in on a daily basis are not "monster PQ" coins - they are the 3/4 of the coins that make the "top 1/4 possible". After all, I buy many lots of coins and coin collections from collectors. There is the "good, the bad and the ugly", as is to be expected. I consign the average coins, wholesale them out or offer them for what they are. As for the "cream" coins - well if I do see collectors who seriously appreciate the effort I put in to handpick special coins for them, naturally, my first inclination is to offer them the "cream" again. Truly, 4/5 of the super special coins never hit my website for sale (some do, but rarely). I do think it goes a long way when a dealer feels that a collector truly appreciates the effort - you simply want to find more coins for the appreciative collector. Just my 2 cents.
Wondercoin
As to the comment that Wondercoin made that if a collector acknowledges the fact that someone has purchased a coin from a certain dealer and lists that dealers name next to their coin then chances are that the dealer will sell more of the 1/4 "cream" coins to that person if a coin becomes available. Thats all good and fine.
Wondercoin, I can see as to WHY you didn't respond to my PM I sent you regarding a certain MS69 dime. So what your saying is that since I have never bought from your website, and don't list dealers next to my everyday run of the mill, high pop coins (ie: 3/4), I am not entitiled to the same 1/4 coins as the next guy. I mean I did mention the fact that I was looking for this particular coin several months ago before your post and I was the first person to send you a PM regarding that coin. Was I not?
As of this day I will list any and all dealers or said individuals that sell me a coin. I hope they are happy.
Paul B. Gunsallus
Later, Paul.
Stooge: Actually, you may have been the second - I would have to check on that (which I will do). But, to be 100% candid with you (since you are asking), any spectacular Roosie I get in gets offered first to my #1 Roosie customer and, if he does not need that particular coin, I plan to offer it to my #2 Roosie customer, who is fully aware he is #2, because I am "straight" about that as well (heck, I am even saying it publicly). Now, when these customers purchase the really cool MS68 specimens, often times a fabulous undergrade coin may open up and I can offer those out as well to those collectors I know are quite content with super MS67 examples. I would be surprised if many specialized dealers handle their business any different, although they might be more tactful in the manner they describe it
Now, I value your business as well - very much in fact. And, the reason you have not heard back on the MS69 dime (and no one has heard back for that matter), is because my consignor, A BOARD MEMBER HERE, specifically asked me to submit the coin for the "FB" designation so that any offering price would not be unfair, one way or the other. If the coin gets the "FB" designation and makes the MS69FB grade level, the price is expected to be significantly higher than where it would have been before PCGS elected to add the designation. If the coin fails to achieve the "FB" designation, the coin will be priced (I suspect) significantly lower than where it might have otherwise have been priced. Now, if I dealer came to me and asked to buy the coin right now from me and that dealer would own it whether PCGS gave it FB or now, I could easily come up with a price and give that dealer the submission invoice # and wish them good luck. But, I will not sell the coin to a collector that way - why? Because, my experience tells me that if the coin does not work, some collectors might always think I "pulled a fast one on them", whereas the dealer would chalk it up to the gamble not working. So, Paul, there you have it - the straight story.
Wondercoin
people will know that I like dealing with the dealer mentioned. You hear so much negativity about dealers that I think it is neccessary
to publicly give credit where credit is due. It also helps build a good relationship so you do get offered some of the nicer coins. One good turn deserves another. Or something like that. mdwoods
Having said that, here are my top favorite dealers, in alphabetical order ,I get different types from each one.
Angel Dee's
David Hall
Pinnacle
Wondercoin (Mitch and MS68 are the main players in helping me build my Franklin set)
Plus many of the board members who I have purchased coins from.
BTW: the dime in question above is my personal consignment coin that I would not want a collector to buy, either for a great deal of money today not knowing if the coin was FB after PCGS came out with the designation. But, if it is FB, I have no plans to "give it away".
We'll use our hands and hearts and if we must we'll use our heads.
Mark: Thanks for chiming in. Of course, the recent introduction of the "FB" designation by PCGS altered the course of this consignment coin. I was not avoiding anyone on this coin and told everyone who asked that the coin was going into PCGS for designation review. If an older PM from Paul fell through the cracks, I certainly apologize. As has been discussed on numerous other threads, those two letters "FB" on the insert tag (or lack thereof) greatly change the pricing on many Roosies -- if the coin comes back "69FB" or just "69", it will be priced acordingly.
Wondercoin
Mark
P.S.: If any dealer from whom I have purchased reads this comment, you and you alone are #1 in my book!!
I may have been a little salty with my statement regarding the dime, but i figured either way you would have sent me a PM.
When it comes to dealers getting "credit" on the registry sets, I suppose that I am with Mark, I am a little lazy regarding that matter and will try and give alittle, but I look at it like owning a car. If I choose to own a Ford persay thats all good and fine, but it should be my choice as to whether or not I will choose to "advertise" as to where I bought the car from. Alot of car dealers will put their sticker on your back bumper w/o asking and you are suppose to drive your car around town advertising where you bought your car from. Understand what I am trying to say?
Another problem with some dealers and I see this as a give and take is that I buy alot of my coins on eBay, and there is one particular dealer that I have bought several dozen coins from and this dealers shows no regards what so ever as to leave me any positive feedback, even though I have left him positive feedback for EVERY coin that I have purchased from him, so it goes both ways.
Ya know something...the only time I ever have any fun is when I'm on this board!!!
Paul B. Gunsallus
Later, Paul.
Ken
help build your sets ,accomplishes two things. It gives credit to the many fine dealers
in the Industry and it informs newbies of those honorable and decent dealers that
they probably should be doing bussiness with. A dealer that gives good service, good coins
and fair prices, deserves to be praised to the sky.
Camelot
have also greatly contributed to the building of our sets by passing on duplicates they have acquired or by other
means. In my NGC Roosevelt registry set I acknowledged the dealer's and collectors who played a big role in the
building of that set. When I finish completing my PCGS Roosie set I will do the same. There are some very special
people I would like to recognize, in no particular order.
MS68, David Schweitz. Your eye is second to none and I appreciate all the great help you have given me. (and great dimes too.)
colorfulcoins, Craig Harries. What can I say, If it wasn't for Craig I wouldn't have a collection. I am indebted to you for ever. Thank You.
rainbowroosie, Bill Kelly. Thanks Bill for thinking of me first when it was time for you to release some of those gorgeous dimes of yours.
wondercoin, Mitch, Even though we just a short time ago "found each other" you've been a great source of knowledge and help. (Thanks
for not out bidding me on the B & M 51S Roosie.)
coingame2000, Mike. I have quite a few additions from you. Thanks
I also want to express my thanks to the whole gang at cameo cc. Thanks guys, You know who you are.
If I've forgotten anyone..Well here's a great BIG Thank You!!!!
onlyroosies
Nick
I think as I finish a set I'll post something here to acknowledge those who have helped me in assembling that set.
What the heck, why wait. I'll do it in a couple of days.
Pete
Go BIG or GO HOME. ©Bill
Registry 1909-1958 Proof Lincolns
PCGS THE ONLY WAY TO GO
Ed
In any case, to me, acknowledging dealers who had a major hand in building a series is simple courtesy. A couple of dealers really, really helped me build a nice Standing Lib set. I'd be doing a disservice to those good people (Warren Mills, Mitch Spivack, and David Schweitz) if I didn't publicly thank them. And I'd be doing a disservice to myself, because I'd feel like a hypocrite -- flying under false colors -- if I pretended I did it all by myself. I couldn't have.
Nice to meet you,
Just having fun!
in the entire registry.
I do business with Warren also and live within 40 minutes of his office. I have heard many good things about David Shweitz and of course Mitch is well known on these boards. You were either lucky or quite astute to have these three particular people pursuing your coins. When you have the right dealers, it is (justhavingfun).
Zerbe
Thank you, Zerbe. Some of each, I'd guess
I met Warren first, with about 20 other dealers, when I resumed my childhood hobby of collecting coins. Then, I started going to Manila on business and got interested in the US-Philippine series. I knew nothing about them and started buying raw el cheapo coins to get a feel for the series. I brought them back to my home in the states and when the dealers visited, they'd look at 'em and saying nothing.
But when Warren visited andlooked those coins over, he had smoke coming out of his ears. He said something like: "These three are corroded. These five are cleaned. These four are dipped. This one's whizzed. Stare at them and until you can see why, don't spend anything but short change on the raw coins."
Golly, what a great training set those coins made! But as important, I figured a dealer like that -- willing to teach me the rights and wrongs of coins -- is rare and someone to clasp to my bosom. And I did, and it's been a great association for me and I hope for him, too.
As for Mitch, I didn't select him; he selected me. He saw me nosing around the Jefferson Nickel section of eBay and wrote to me out of the blue: "Are you a serious Jefferson Nickel collector?" Or something like that. I answered in true New Yawker style: "Who the heck are you to ask me that?"
To my surprise and pleasure, he told me. Then, when he started writing to me about individual Jefferson nickels, I went: "Holy cow, this guy knows 10 times as much as I do about these coins." After a few purchases I started to satisfy myself that he was honest and thoughtful as well as knowledgeable, and we were off to the races together.
And David came through Mitch. When Mitch learned I zonked on the Standing Lib's -- he had the self-esteem to say that he didn't know the series very well, but had a frienid who did. And while I've never met David in person, I do now know that he knows the SLQs far better than anyone else I've ever met.
Warm regards and good hunting to you!
Just having fun!
I think that certainly applies to coin dealers and collectors.
People that do well by me will be treated well by me and allthough by nature i'm not a vendictive person, dealers that treat me poorly will likely loose me as a repeat customer. I will go out of my way to publically thank dealers that treat me well because i may with the public thanks i give stear some buisness this way, i am also not going to let repeated shabby treatment go by without mentioning it for the opposite affect.
A dealer who gets so successful they loose touch with average collectors and express an uncaring attitude is not someone thats going to get repeat buisness from me even if they have a fantastic website. The coinfirm i did the most buisness with in years past is defenitly not going to be my number 1 anymore when i start activly collecting again.
It was sort of "fate" that we met, because, as you recall, shortly before I contacted you, someone you know gave me your contact information, told me you were a huge fan of the Jefferson series and that I should contact you to assist you in the project. That sounded promising
And, yes, I knew instantly that where you wanted to go with the SLQ's required bringing in the top SLQ expert I knew. It worked out well there too.
But, back to the subject of the thread, I really do appreciate being recognized as a contributor to a fabulous registry set, as I am sure most dealers do as well. And, I do think it is "important" to collectors to consider doing so in the appropriate circumstances.
Wondercoin
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