How often do dealers tell you that they won't sell you a coin ...

MrEureka

...because they want to keep it for their own collection?

coinbuf

Everythings for sale for the right price.

Chris

TonedCoinTrader

I've been told that a few times from dealers wanting to keep there toners for themselves. Greedy lil

RegistryCoin

ah... the "take it away" method. Works almost everytime...

braddick

<< <i>...because they want to keep it for their own collection? >>

Glock 40. Or, is that considered goche?

puff

Never happened.

FrattLaw

Just happened to me.... simply incredible. I offered very strong money on a toned Peace $. It wasn't a great coin and it was raw, but I knew it was NT and it would grade decently for my set. I offered 100% over sheet + 2 additional coins that would have retailed for another $200+ and I was still turned down. And I know for a fact he would have made a huge profit on the coin.

This is why I couldn't be a dealer. If you're a dealer you have to look @ coins like widgets. If not, you're going to be making a small profit on average coins. He could have ripped me, but instead he's got a nice toned Peace $ for his collection and probably no one else is going to buy it. Pretty toned Peace $ can be found in more common dates for less money.



Michael

robertpr

If they're keeping it, why are they displaying it??

idocoins

I had a dealer friend of mine in the coin shop I used to go to every Saturday not sell me a coin once........he said check it out 1st and then let me know if you still want to buy it..........it was counterfiet.......he ended up giving me the coin..........I put it in my belt buckle.....it was a 1877-s trade dollar.........that was 30 years ago...........
edited to add.............I still have it...

coynclecter

<< <i>How often do dealers tell you that they won't sell you a coin >>




every time they hear my offer

ccex

Less than two weeks ago at the MidAmerica coin show, a startup grading service called PGS gave each dealer with a booth a 2004 nickel in their new slab. I learned about these just a few hours later. I asked three different dealers to sell me theirs, and none would. One wanted to give it to his neice who collected sample slabs, another wanted to keep it until the lawsuit by PCGS (which he thought would be inevitable), and the third told me he liked the design of the slab itself.

OK, I didn't make any of them an offer they couldn't refuse, and all knew me as someone who had bought several unusual but cheap coins from them. Also, they gladly would have sold me the same coin had it been raw or in another company's plastic. Still, I haven't heard anyone else answer three times in one day.

Goober

My dealer is ultra nice, I'm ultra greedy. He'll part up the gifts amongst his clientel. Once he had a few GSA Morgans from CC, he'd only let me have one. Then the other guys passed, which made it even better. Didn't make me feel as greedy. He does keep material for his own collection but he also allows me the joy of viewing and handling whatever he has.

UncleWiggly

I don't know if this fits the thread, but I bought and paid for a coin on e-Bay, BIN, only to find out when the dealer came home from a show he had sold it there. OOPs, got a phone call, they didn't sell it after all. Well, 2 weeks later. Where's my coin? Oh, we forgot to unpack it when we got back and it went to the show! We do a show over in bla bla bla. Well finally I got a call the next week and they are going to send it to me. But wait, they also now have another one but it's REALLY nice but it costs $200 more. I said no thank you I'll just take the one I already paid for. I honestly don't know if I got the first or second coin. It was like dealing with 9 year old kids that lied themselves into a hole. I just start laughing when I think about it. So, I guess this fits the title thread.

Jerry

wallstreetman

<< <i>Everythings for sale for the right price.

Chris >>



Chris is right, if they dont sell it to you, your offer was'nt good enough!

291fifth

A "dealer" who displays coins that are not for sale is making a big mistake. Collectors use dealers to buy coins. When the dealer merely "teases" potential customers he risks losing them for good. I can think of two dealers I have known that used this tactic. I don't even bother visiting their shops anymore.

MWallace

Here's the conversation that I've heard a friend of mine have numerous times.

Let's say the coin has a value of around $100.
Friend: How much for that coin?
Dealer: It's not for sale.
Friend: Would you take $300 for it?
Dealer: YES!!
Friend: (After "seriously" looking at the coin again) Would you take $50 for it?
Dealer: NO!!
Friend: Well now we've determined that the coin IS for sale and the price is somewhere between $50 and $300. Let's talk.

MadMarty

We have a dealer by me that is owned by 2 retired guys. They are both very nice, very helpful but they always show me something and then tell me it's not for sale. I have found if he shows me something I really like show no intrest in it what so ever. Then when it comes checkout time I'm always looking for thinks to try and even the bill out and hit him up for what he doesn't want to sell. Usually works.

BAJJERFAN

So have you ever teased a dealer with a coin that you have no intention of selling?

razorface1027

How often do dealers tell you that they won't sell you a coin


My local guy has/had a 79-CC in ANACS MS-60. About a year ago, or more, he offered it to me for $1000 CASH. I couldn't quite muster the sum necessary for the transaction. As of 3 weeks ago, it wasn't for sale anymore, and still had the same price tag of $1300 on it. He said, "Since CCs are going through the roof, I'll just hang on to it for a bit longer." Oh, well, I should've picked it up when I offered him a grand cash for it some time ago.

BAJJERFAN

<< <i>Glock 40. Or, is that considered goche? >>



goche? are you sure that you don't mean gauche?

Sheesh don't know if I need a tipe chekker or a spell chekker!

braddick

<< <i>

<< <i>Glock 40. Or, is that considered goche? >>



goche? are you sure that you don't mean guache? >>

Yeah, probably, but owners of Glock 40's can pretty much spell it anyway they choose...

jdimmick

There is a local dealer that Don Heath and I know that is very hard to deal with in this area. Very nice guy, and freindly, but if he gets his hands on something that he feels is good, forget trying to buy it from him. He wont part with it. I can usually get him to at least show it, but forget offers even strong one, he wont budge.

jim

STEWARTBLAYNUMIS

Andy

When you see me coming........I believe this is your line.If you want it Stewart then my price must be too low.

Stewart

nwcs

I haven't heard it, although some dealers have shown me coins from their collection.

BillJones

Actually I've had dealers show me coins that they would sell more times that you would think. They were buddies who still, like me, collect and sell coins as well. I've also shown customers coins from my collection to help them develop an "eye" for what is good and what is not. When I buy "a keeper" at a show, however, I always put it away FAR away from view. Letting the general public see it can cause a lot of misunderstandings.

Nysoto

There was a dealer at a local coin show who had a great looking, overpriced MS bust quarter in his case. I have known this dealer for years, he said that he actually did not want to sell the coin for a while (the reason for the price) as he enjoyed being the temporary owner, and also used the coin as bait to lure collectors to his table. A common tactic, I believe.

alergar

Even a better question:

How often does a dealer tell you your coins are practicaly worthless than offers to buy them for next to nothing..

A dealer told me a roll of Morgans was basically worthless and offered me $100 for the roll ($5 per coin).
I sold the roll on eBay for $650.00 thats $32.50 per coins. Nedless to say I have never gone back to his store and the last I checked he has gone out of business!!!

dorkkarl

<< <i>Everythings for sale for the right price. >>

i disagree.

K S

mrearlygold

<< <i>

<< <i>Everythings for sale for the right price. >>

i disagree.

K S >>




I second the agreed part. It depends on the buyers attitude.

Rgrds
Tom

Robgetty

I've never had a dealer tell me something in his case is not available.
I did ask a dealer at last year's Baltimore ANA if he had any 1872-S
or 1872-CC quarters, and he said that he had bought one the previous
day for his own collection (and showed it to me) but he didn't have
it out on his display.

dorkkarl

so, what are some of the excuses used as to why a coin can't be sold???

K S

atarian

that comes up at my store now and again. someone wants a special coin out of my draw. rarely do i give it out unless i know its something i dont want. if someone gives me a coin or bill and then askes for it back after the draw closes. i normally go out of my way to get it for them. that is only fair. but once its been in my draw ( either from a roll or from a customer 20 minutes ago. i dont. then again ive been known to be nice when i dont need to be for certain people ;-)