Some of the Stupidest Comments Coin Dealers Have Made to me in the Past
dragon
Posts: 4,548 ✭✭
1) "Well....I know this coin is technically low end for the grade, but I like the frosty appearance so I want double bid for it"
2) "Yep, no question your coin is definately nicer, but mine's in a better holder so it's worth a lot more"
3) "I have no idea what its worth, DMPL Morgans are not my specialty, but I'll give 'ya $300.00 for it and take my chances"
4) "I'm actually selling this at a loss to you, another dealer just offered me more than I'm selling it to you for"
5) "This coin is AT LEAST 3 points undergraded, I need a bunch for it"
6) "If you think my price seems high, I'm a strong buyer at $1875.00 for them, but I don't need any right now"
Anyone have any other gems of wisdom to share??
dragon
edited to add one more:
7) "If you don't take it, I have someone else who wants it right now at a higher price"
2) "Yep, no question your coin is definately nicer, but mine's in a better holder so it's worth a lot more"
3) "I have no idea what its worth, DMPL Morgans are not my specialty, but I'll give 'ya $300.00 for it and take my chances"
4) "I'm actually selling this at a loss to you, another dealer just offered me more than I'm selling it to you for"
5) "This coin is AT LEAST 3 points undergraded, I need a bunch for it"
6) "If you think my price seems high, I'm a strong buyer at $1875.00 for them, but I don't need any right now"
Anyone have any other gems of wisdom to share??
dragon
edited to add one more:
7) "If you don't take it, I have someone else who wants it right now at a higher price"
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Comments
It probably works both ways... I'm sure some costumers exaggerate or say ludicrous things to dealers, too. I guess coins always look better to the person that's doing the selling.
I look forward to reading the responses. This should be an entertaining thread!
Dan
mcinnes@mailclerk.ecok.edu">dmcinnes@mailclerk.ecok.edu
At the El Paso Coin show yesterday..... I looked some of those big bad grumpy dealers in the eyes....
they wound up kinda speachless.......
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
"greysheet says............." LOL
Russ, NCNE
I know the coin is a solid 65, ... if it didn't have that mark in the field it would be a 66, so I need close to 66 $ for it.
"Sure, I have about 12 69 proof sets back here in this box, but I can't let ya see em unless you wanna buy em all."
Me: Do you have any 1964 to 1970 sets?
Dealer: You planning on buying any?
Me: I am if I can cherrypick you for an obscene profit.
Russ, NCNE
Me: "Nothing in a slab for sale huh....."
Them: "No, heavens no, they are worth more raw! I crack out coins in PCGS holders all of the time and sell them for twice as much"
mmmmmm
al h.
My younger brother had purchased a choice BU $20 Saint from our local dealer for $325. A few weeks later he sold it for $375 as gold
ascended in the late 1970's. When the dealer found out he said:
"you little speculator, had I known you were gonna sell it I'd have never sold it to you!"
I was attempting to sell back a BU 1837 RE half to another local dealer when she said, "that's not mine." Right. And 19 year old kids find BU bust halves for $500 all over the place and try to pawn them back on unsuspecting dealers.
Was looking to sell a first gen PCGS PF66 toner matte proof 1914 BUFF around 1997 at a Boston show. At the time I was not fully aware of how much grading standards had changed. The dealer said, "I'll take a shot on it for "bid" but don't really know where I can go with it or if I could even make money with it." Unfortunately I sold it to him and later realized it was likely of PF67+ type quality.
Roadrunner
I just put a piece of tape over the grade and sell
it for what I think is the right grade. After you buy it, you can pull the tape off and see how my grade compares.
I over heard the later one recently.
"Tim, I just made this coin and I'm giving you first shot at it"
At the summer ANA show last year I had one dealer who didn't want to show me his newps. This, after selling him $8000 in coins the day before at what I learned 30 minutes later was 10% under market.
Him: I'm looking for strong money on these (newps).
Me: I can pay strong money if they are nice.
Him: Yeah, but I want retail for these.
Me: I've paid full retail and then some at times.
Him: But I want "retail retail" for these.
_________________________________________________
Same dealer commented on one of the coins I was selling him:
Him: I just paid $200 under what you want for this identical coin.
(shows me the same type coin but in an NGC holder and dipped
out blast white with lots of light hairlines and scratches)
Me: But my coin is PCGS, totally original, and with lovely toning and
skin. They aren't even close.
Him: I can sell my white coin much quicker than your toned one.
Yours is no different to me.
(one week later my coin had been sold at a 20% markup while the
NCG dipped out death coin was still unsold weeks later at $500 less.)
roadrunner
I then looked at him and said that greysheet was no good and that it was too old for me to buy coins with.
He then looked back at me and said.........(my comment ....you guys and gals have to sit down for this one)...................
"I don't use that one for buying either, I use this one motioning to his other greysheet marked BUY all over it"
I asked what date was that greysheet.?
He said xxxx xx 1995.
I said "well, you expect me to buy that?"
"Sure," he said "you are thinking about it aren't you?"
I handed the coin back to him and said, "sorry, that was not what I meant but, no I don't want the coin either."
"Almost Cameo!!!"
"We are what we pretend to be, so we must be careful about what we pretend to be."
My 1866 Philly Mint Set
8) "I know the holder says MS66RB, but it must have been a clerical error as anyone can see it's a full red, so I'm asking MS66RD money for it"
9) "You don't wanna know the price on that one, it's a 64 in an AU55 holder. In fact, all of these Bust dollars are undergraded by at least 4-5 points so just ignore what the holders say"
10) "I'm pricing this as a 65 because this one is a shot 65 in a 64 holder, if you take it and get it bumped, I'd buy it back at 65 money all day long"
"The grading services don't slab cleaned coins"
That dealer was right on the money. Only thing was that he said this to me in 1975. I bought a bunch of choice BU Washingtons and after seeing them go nowhere for several years, sold them off.
He was dead right and probably for all the right reasons. But he was almost 25 years too early with his prediction. They did triple but it took decades.
roadrunner
Me: "Those scratches that look like adjustments marks were put there to hide some initials that have been carved into the coin."
Dealer: "Oh yea, I was going to tell you about that before you bought the piece."