" We pay more for your coins! "

ER

What the heck does that mean? Every dealer is claiming that, then who is really paying more?
Just like, everybody is claiming to be number one.

mrearlygold

Hahahaha you missed the best part.

Will pay more and.....





Sell for less!


Whew!
TP

ER

<< <i>Hahahaha you missed the best part.

Will pay more and.....





Sell for less!


Whew!
TP >>



Riiiiiiiight!

michael

with that in mind

usually when you go to some sort of specific businesses in the yellow pages the one with the biggest ad that says we are the biggest best pay yhe most give the best service cheapest price etc etc

usually this is the one you do NOT call at all.............................

in general

the best way to sell your coins outright is not know what you are selling

know what you got and what the current market is for the coin

and sell to someone you know and trust who wants the coin

who pays reasonable to what your value is for a good coin

this assumes you are an advanced collector and have good scarce in demand non esoteric coins
and the market is good for them

or simply in selling coins it is all about marketing (((it to the right person)))))
and timing


michael

Sandhawk

Talk to Michael Dixon

Robgetty

My personal favorite is when you go to a small coin show, and have the dealers
with the big signs at their table that "We are buying all US Coins!!", but then
when you go up with something that is worth more than melt, they say that
they are not interested because they don't deal in that material. (But they pay
top dollar for all coins!!)

ms71

It's a load. When I was getting started, I sent 3 slabbed AU gold coins to one of these places in Coin World that advertises "we buy all US coins". They even included a list of gold they buy, by type and grade. All I was looking for was the "AU" price for mine, all were in ANACS or NGC slabs, and all were AU 53/55/58 (i.e., no AU50 "minimum" coins). What I got was a phone call offering 20% or so less than their published "buy" price for AU, with the explanation that the coins weren't in "popular" slabs. Needless to say, their "buy" list didn't require that the coins be slabbed, only that they be of a given grade. I had them send the coins back, and eventually sold them for more than their phony "buy" prices. Just another installment in the education, and all that was lost was the cost of registered mail shipping to them (they paid to ship them back).

dorkkarl

"the king of cash" takes the cake. try & sell them your coins some time...

K S

BAJJERFAN

As long as they pay me more than I paid for it thats fine.

kranky

I figure "We pay more" just means "We want first shot".

There's a dealer who generally gets glowing reviews here who always says in their ad that they need your coins and will pay top dollar, please call to discuss.

I remember a post from a while ago where the poster noticed in that dealer's ad a coin that was selling for $6K. The poster had one to sell - same series, same grade, same TPG, but a slightly better date and lower pop. He called and offered it for $5K. The dealer said his coin was much better than the collector's (of course he hadn't seen it!), wasn't interested at $5K, didn't want to make any offer, in fact didn't even want to see it to make a sight-seen offer and didn't want to take it on consignment.

Like I said, I think the "we pay more" is simply a tactic to try to get first shot at the coin, so they can decide whether to pass or play.

pontiacinf

Best option for anyone here, regardless of knowledge, is to deal with Michael Dixon. His reputation
is rock solid and he is as honest as the summer day is long. Newbie or Oldie can both send to him
and goto sleep knowing that when the offer comes in from Michael, it will always be a fair offer based
on market values and not some dum book the other clowns always seem to whip out.

pontiacinf

and thats not to say that there isnt other equally fair buyers on here, just ive dealt with Michael
on many occassion without a "hitch" and will always stand by his honesty and integrity.

backing like that isnt aquired "overnight"

dorkkarl

actually, the goofiest are the "richard nachbar" ads. that guy's a walking, living, breathing caricature of used-car-salesman-turned-coin-dealer wannabe!

K S

kranky

I don't know, Karl - Nachbar seems to have a bunch of happy customers who shopped their coins around and say he offered the most. I personally haven't dealt with him, though.

On your other comment - maybe you don't get to be the "King of Cash" if you're spending it instead of holding on to it!

iras4

Actually, I have dealt with Richard Nachbar and he will generally pay more than most other dealers. Of course, if you can sell it yourself to a knowledgeable buyer, you'll generally do better.

I've had several dealings with Nachbar and they have always been non-traumatic. He does want quality coins with good eye-appeal, however. He won't buy low-end stuff.

KS, you might be put off by what you may perceive as an elitist attitude, but he's a bright guy who knows his stuff and is not shy about letting you know it. Just try selling your stuff to Heritage or the other big boys and see what they will offer before condemning Nachbar.

When you see him set up at shows, he's there to buy, not to sell. He works on small margins and lots of turnover, and he has a huge customer base that trusts his judgement.

Ira

Barry

Does Nachbar primarily sell to other dealers, or work from customer want lists? Seems he's always looking to buy, and I've never seen him sell.

ajaan

When I bought my house in 1996 I sold all my certified Bust Halves to Richard Nachbar. I went to his office, which is only about a 10 minute drive for me, and he was very friendly and professional. He offered me fair market value for the coins and I was very pleased with the transaction. Richard is also a strong supporter of the Buffalo Numismatic Association's Coin Show in the Fall. He even donated a few Gold pieces as door prizes.

MICHAELDIXON

Several years ago I sent a package of raw and certified coins to a big company advertising "We pay the highest prices!" Combined Blue and Grey Sheet bid was over $9k for the coins. They made an offer of around $865. I called and told them to ship my coins back immediately, as less than 10% of bid was an insult! That's when I decided if I was ever in the position to buy coins, I'd try to be fair.
.
When Andrew (the auctioneer) and I go to view a coin collection and make an offer, we give the people the option of auctioning the coins through us or selling them outright. Since we're both retired and don't have to do this for a living, we're happy with the commission we make from the auctions. And, yes, you'd be amazed at some of the comments a few dealers and auctioneers make about the way we do business. But...the comments are like water running off a duck's back. We both sleep well at night knowing we didn't shaft anybody!

ajaan

From Nachbar's website:



<< <i>We sell rare numismatic coins to collectors at major national shows and have developed an exclusive clientele. >>



And yes, I recommend Michael Dixon also.

MadMonk

Really!

Pushkin

Michael Dixon is an honest dealer who also runs great shows in Maryland. His shows are held in an environment with enough space that you can enjoy the coins without somebody bumping into you or shoving you - a problem at many coin shows.

ER

It's a dead heat between Michael Dixon and Richard Nachbar!

Veep

I'll not be contacting Nachbar to sell again. A while back I was fielding bids for my 1936-42 set of proofs. I had them all in PF66 and up. All were handpicked, spot-free, haze-free and certified by PCGS or NGC. Nachbar's offer was 15% less than the next lowest dealer. That amounted to some real dollars.

MICHAELDIXON

I sent one guy to Richard who had modern gold that I wasn't interested in. Richard seems to be a good guy, I've talked to him at the Baltimore show.

dorkkarl

hey i wasn't hammering on nachbar, it's his ads that crack me up. like all the endorsement letters, conveniently, there's no proof that they were written by anyone other than his momma.

K S

bushmaster8

<< <i>
And yes, I recommend Michael Dixon also. >>



I am continually amazed by all the glowing references I see for Michael Dixon on these boards. A couple months ago, I was so impressed by everyones saying that "..he is great..", so I went to his website and ordered a 1964 Kennedy that he claimed was gorgeously toned. I think it was about $80 , but, hey, he says it is a beauty and everyone speaks so highly of him...

Well, I got the coin and it was an ugly piece of crap, worth maybe $10, tops. I will say that he handled the return professionally and promptly. But to have the balls to send that out as an $80 coin???

Was my experience an abberation or what?

MadMonk

If he sent you a piece of crap for 80.00 bucks, I'd have some serious questions for him. I always try to let them know I'm an advanced collector. I try to gauge how and what attractive toning is to them, and let them squarely know that if I get a piece of crap, I'll cut them off, and show the coin to my collector friends before I send it back.

MICHAELDIXON

Well, I got the coin and it was an ugly piece of crap, One person's idea of beautiful toning differs from another's. If I'm not mistaken, it was in a PCGS MS66 holder. worth maybe $10, tops I'll buy all your 1964 MS66 PCGS toned Kennedies for $10 each with no questions asked.
.
A full refund was sent that included your postage. If you would have sent the amount of the cost of return postage, I would have returned that also. But...the package had an internet printed return label without the amount of postage shown.

Russ

<< <i>I'll buy all your 1964 MS66 PCGS toned Kennedies for $10 each with no questions asked. >>



And, I'll buy all the white ones.

Russ, NCNE

JadeRareCoin

Whether we are buying through our Yellow Pages ad or at a show, we have a standard procedure for buying. First, we write-up the offer on our company form. We then insist that the seller shop the coins to the other dealers in town or at the show with one simple instruction: take the highest offer. When buying in town or at shows, we never lose, unless is something that we don't want or need. My pricing strategy is to bid 10% below Greysheet (generic stuff), unless the coins are above average in eye appeal, in which case we can offer over retail at times.

There's a dealer in town who changed his most recent Yellow Pages ad to say "I will pay you 10-20% more for your collections". True story: last week we purchased a collection for a guy who went to the dealer claiming to be the high-buyer in town. The guy called me from his cell phone while standing in the lobby of the other dealer. He asked what I would pay for common circulated Morgan Dollars. I said $10 each. Then I heard the other dealer call me a "damn liar" and that "there's no way that I could pay that much". Then he asked about Indian Cents. I told him $0.75 each in G-VG. The other dealer offered $7 per Morgan and an insulting $0.25 per Indian Cent. The guy stopped over and I bought $700 worth of coins from him. He then told me the whole story about the other dealer. He said that the dealer told him that his coins were junk and that I was quoting high just to get him in the door and that he would be back to sell to him, blah, blah, blah.

For the most part, the "we pay more" claim is a scam. The proof is in the pudding. Whenever selling your coins, always get 3 or 4 estimates, then take the highest offer. That's what I insist people do when selling to us. It keeps everyone honest. Also, I usually offer one other solution: a consignment. I am running some eBay auctions right now that are consignments from the public who just did not feel confortable selling outright. I can usually estimate the retail sales price within 5%. Consignments are actually good for us, since we eliminate our risk and still make 10%. We sold a small estate on eBay a couple of weeks ago called "The Tampa Estate". The seller didn't feel comfortable selling outright. As it turns out, my offer to buy was 5% more than the eBay final price, so in that case I would have lost money. We usually get full retail for our coins that we sell on eBay. The current consignment that we are selling on eBay is valued at over $50,000.

I base my buying practices on the many years that I spent on the other side of the buying table. I experienced honest dealers and some scumball thief dealers. It always seemed to me that the honest guys had a nice operation and tended to be around for longer periods of time. BTW, most of our inventory coins are purchased from major auctions and other dealers. 95% of what is purchased from the public is common stuff like proof/mint sets, junk silver coins, indian cents, silver dollars, etc, etc.

ScarsdaleCoin

Then you would really like Our Slogan...

Lowest Prices Paid *

*Just Like Everyone Else
But at least we are honest!

bushmaster8

<< <i> One person's idea of beautiful toning differs from another's.

<< <i> I refuse to beleive that YOU think that coin was toned beautifully...why don't you post a pix of it here and see what others think?



<< <i> But...the package had an internet printed return label without the amount of postage shown. >>


Untrue...the Post Office does not use "internet printed postage", nor do I!

bushmaster8

Here is the actual description of the coin from Dixon's website:

"****1964 PCGS MS66) Toned lovers delight! The obverse is 100% toned in sea green and deep rose. The most beautifully toned Kennedy Half I have ever seen! I would wager to say this coin will end up in "the" other service's holder as an MS68!..SOLD"

"The most beautiful toned Kennedy Half I have ever seen!!!"

Then, my friend, you have seen very few toned 1964 Kennedy's (not the most likely explanation), or, you are a bald-faced liar!

topstuf

At my first location, I was ....between.....two other dealers. (NEVER do this, by the way)
Anyhow, one outfit was a TV whoopty-doo red carpet place who never paid the public much and had a traveling buyer who supplied all they needed.and The other was a louse. (Wait, I am offending lice)
Mr. Louse's MO was to tell his customers to come to me and he would pay more. I finally stopped it with a turnabout. A guy came in and boldly stated, "Mr. Louse says he will pay more than you will. How much will you pay?"

I answered, "More than he will."

The guy looked dumfounded and agitated and asked how MUCH I would pay and I reitereated that I would pay MORE than Mr. Louse.

The guy came to pieces. I took pity and told him what was happening. He understood completely. I showed him the grey sheet and a few other printed things and explained that we ALL wanted to buy his coins but just offering "more" is not the way to do it.

He agreed and we sat down and he sold his collection to me.


(Did get to have some fun once with some counterfeits though) Mr. Louse may still have em.

kranky

Good story, topstuf.

Reminded me of a story I read in a book written by a stamp dealer. A coin dealer in his town was getting into stamps and needed inventory, but lacked the expertise to buy at the right price. So he'd send all prospective sellers to the stamp dealer to get a price, telling the sellers that they could come back to him afterwards and he'd pay more. At first the stamp dealer was happy to get so many referrals from the coin guy, but one day instead of letting the seller walk after getting the quote he asked point-blank why he wasn't selling. The price was fair, so what was the problem?

The seller let slip what the coin guy had told him (get a quote, then come back and he'd pay more). The stamp guy wasn't happy about having to do all the work while the coin dealer ended up with all the collections for a couple of dollars more. So the next time someone came in as a referral from the coin guy with a big collection, he offered about 5x what the stuff was worth, and the seller said he'd think about it. The stamp dealer saw the seller obviously didn't realize he was being offered the deal of a lifetime, and told the seller the offer expires as soon as he leaves the shop. Seller didn't mind that, and the trap was set! Sure enough, the stamp guy never got another referral from the coin dealer. No doubt the coin dealer bought the collection for 5x(+$50) its real value, and later realized he had been set up.

coinguy1

Bushmaster8, why not take your issue to PM's, rather than hijacking someone else's thread. Doing it this way will hurt your cause, if you even had one in the first place.

Now, getting back to the topic that was at hand....would anyone care to write a hypothetical buying ad, just for fun - one that doesn't hype too much, that sounds professional, gets the point across and which might cause readers to respond in a positive way?

MICHAELDIXON

coinguy1,
How about this ad:
.

If you have coins to sell, please contact me! I buy single coins, sets, coins in blue Whitman folders, raw coins, proof and mint sets, silver, gold, certified coins from ANY service, basically any United States coins. I DO NOT buy single foreign coins. I cannot evaluate a list and I DO NOT make sight unseen offers, so you will have to ship your coins via registered, insured mail for my evaluation and offer. I will evaluate your shipment the day of arrival and send you an offer via e-mail. If my offer is acceptable, I will send you an immediate check. Should my offer not be acceptable, I will return your coins in their original holders via registered, insured mail at my expense. Many board members have sold me coins through the years and I can furnish references upon request.

bushmaster8

coinguy1-- you are absolutely right

michaeldixon--your ad is elegant!

louiskeller

Amen! Amen!, Halelujah!!

coinguy1

"coinguy1,
How about this ad:

If you have coins to sell, please contact me! I buy single coins, sets, coins in blue Whitman folders, raw coins, proof and mint sets, silver, gold, certified coins from ANY service, basically any United States coins. I DO NOT buy single foreign coins. I cannot evaluate a list and I DO NOT make sight unseen offers, so you will have to ship your coins via registered, insured mail for my evaluation and offer. I will evaluate your shipment the day of arrival and send you an offer via e-mail. If my offer is acceptable, I will send you an immediate check. Should my offer not be acceptable, I will return your coins in their original holders via registered, insured mail at my expense. Many board members have sold me coins through the years and I can furnish references upon request."


Michael, since you asked, I'll answer....

Do you have a large and/or bold headline for the ad?

Don't a lot of sellers want sight-unseen offers, even though they are usually no win situations for the would-be buyer?

What in the ad would cause a seller to think he'd be better off selling to you, rather than to someone who claims they'll pay the "highest prices"?

Your ad sounds straight forward and sincere - I appreciate and respect that. I do wonder, though, whether it will attract large quantities of sellers, or whether they are more likely to gravitate toward more dramatic/flashy ads? You can answer that better than I can, I'm sure.

Bushmaster8 - I applaud your new and improved attitude.

RYK

Phew--disaster averted!

Great thread, too. Love the avaricious coin dealer-buyer anecdotes.

MICHAELDIXON

What in the ad would cause a seller to think he'd be better off selling to you, rather than to someone who claims they'll pay the "highest prices"?
Mark,
That's a good question. With collectors who have been around for awhile, they know the ones who claim to pay more usually don't. That's why I don't claim to pay higher prices. Most people on the boards know I buy, so the word of mouth helps alot. As for sight unseen offers, if the person must have one, I refer them to somebody else. Sight unseen offers are a no-win situation for both the seller and buyer. (When I did make them) I've made offers on Red Indian cents and quoted Blue Sheet bid and when they arrived paid 20% or more due to the quality. Likewise, I've offered Blue Sheet and when the Indian arrived, it wasn't worth Blue Sheet and I honored the bid. That's why I refuse to make them.

dorkkarl

w/ all due respect to michaeldixon, the jadeboys's method sounds like the most honest of all. after you make your offer, insist that the potential seller get other offers from other dealers. that's REALLY doing the best for your customer.

K S