dealer-dealer/dealer-public

1907Quarter

I simply don't know how it works...can one coin have two price tags on it depending on who buys it? Seems that most coins in a coin shop are sold to the public at strict retail price(the dealer has to make a living) But at this week's convention, won't the same coin cost less during the dealer to dealer part of the week? Someone please enlighten me!

dorkkarl

are you a dealer? i mean a REAL dealer? if your not, ie. your a collector, then why do you need to know how dealer-to-dealer works? will that somehow make you a better collector???

K S

LincolnCentMan

Well, just b/c someone is a dealer doesnt nesicerialy mean they get a better price. There are a FEW dealers that I have an on going buisiness relationship with. They cut me a really good deal when I want something and I return the favor. I have some good buddies here on the message board that I would do the same for. It's not that I'm trying to "rip" anyone, but if a buddy wants a coin of mine, I'll give him a better price. Wouldnt you do the same?

There are, however, some coins... the price ant going down for no one. And those are the kind that I really dont want to sell. They might be availible, but with patience, they could probably be found for less.

David

numonebuyer

Dorkkarl

Just because we don't "need to know" doesn't mean we don't "want to know". The obvious answer is "of course there is a different set of prices between dealers". Dealers make more money selling to collectors, not dealers.

dorkkarl

the reason i pose my question is because often the follow-up is "well how do I GET the cheaper prices?" even though the person is not a dealer. if it's just a curiousity question, of course your right, the answer's "yes, 2 sets of prices".

K S

Placid

Badger-badger-badger-snake.

UncleWiggly

This is how I think it works. If a dealer goes to another dealer and "asks" to buy a certain coin he is then charged the ask price. If a dealer goes around to other dealers pushing a coin, then he gets the bid price. Whoever (dealer) ends up with the coin then sells to the public at whatever he/she can get for it. ?

Jerry

jbsteven

uncle

Russ

You have to know the secret handshake.

Russ, NCNE

MacCoin

<< <i>are you a dealer? i mean a REAL dealer? if your not, ie. your a collector, then why do you need to know how dealer-to-dealer works? will that somehow make you a better collector??? >>



statements like this make me think dealers have somethink to hide.

stman

Any collector ever notice when you ask a price on a coin, many dealers L@@K at YOU first and kinda size ya up first? They don't look at the coin, they need to see how much you like the piece first.

earlwbollinger

Well it depends on a lot of factors.
I find that you will get a better price if your buying a lot of stuff (not cheap stuff, good stuff).
Thus the seller had been getting a profit off of the buyer, so he has more room to cut a deal with.

But when a cheapskate goes up to a dealer and wants a discount on a $2.00 coin, there isn't any room for dealing left.
But now you get a guy who just bought $2,500.00 worth of coins, and he's eyeing that last Morgan trying to decide on whether he wants it or not, the dealer is more likely to make him a better offer at that point.
The guy may have purchased a lot of coins from a dealer before you see him get that "good" price that you can't get.
It doesn't really mean that there are special prices for dealers versus customers.
I think when a dealer looks at you closely, he's trying to decide if your a cheapskate or not.

But then you really have to be a Mason to get the best prices.

dorkkarl

he11, i'm not a dealer, yet i fully respect a dealer's right to be able to purchase from other dealers at wholesale price. why should i, a collector, w/ no financial investment in infrastructure, a storefront, dealer supplies, employees, etc etc, why should i get the benefit of wholesale prices? as a collector, who's only overhead is dansco albums & gas to drive to shows, i fully expect to pay retail or close to it, for a coin i really really like.

it's like, wal-mart can buy toilet paper at wholesale price. it would be incredibly stupid for them to sell it to you at the same wholesale price, wouldn't it? as the end consumer, shouldn't you pay some sort of premium for the toilet paper? after all, YOU get to actually USE it. wal-mart just get's to put it on display.

K S

100proof1957

what grinds me about California is the sales tax !
you buy a coin and pay 7.75-8.25% in taxes
you sell one to a dealer and dont get it back !
unless you just rip one your in the hole from the start !

Steve27

"can one coin have two price tags on it depending on who buys it? "

You mean you never heard of "wholesale" and "retail?"