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Do you think that dealers are most likely to give a discount...

RYKRYK Posts: 35,797 ✭✭✭✭✭
for coins that have been in inventory a short time or a long time?

For a coin that just hit the inventory, a "hot" coin may not last a day, and even if Buyer A does not take it at the offered price, Buyer B and Buyer C may have already inquired on it. On the other hand, it is a quick score, and capital spent for the coin was quickly returned, so a lower return on the investment may be acceptable.

For the coin languishing in inventory, is it important to blow it out and accept any reasonable offer, or does the fact that the coin has tied up capital for a long time make one more stubbornly inclined to make it worth one's while.

Or do you have to make the big profit on the "hot coin, quick score" to offset the coin languishing in the inventory?

I have often wondered these things...

Comments

  • nwcsnwcs Posts: 13,386 ✭✭✭
    The best deals I've gotten are coins that have remained a long time.
  • PrethenPrethen Posts: 3,452 ✭✭✭
    If they sell inexpensively if they just bought it, it's basically called a wholesale turn-around (if the price is at or under CDN) and it happens all the time between dealers. My guess is a discount wouldn't usually occur until the coin is gathering dust in the showcase. I remember watching an 1871 PF64 Half Dime at David Lawrence for about 6-8 weeks. They had it priced in the mid to high 500's, tried auctioning it off ($490 out the door for low bid), and after it fell off the auction block I offered $475 and took it. One of my best DLRC purchases. The coin has some nice cameo contrast. and the roughness is from die rust which is typical for this year.


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  • MrEurekaMrEureka Posts: 24,253 ✭✭✭✭✭
    Speaking for myself, I'll flip a coin at a show for a somewhat short profit. If there's no quick flip, I'll spend some time and money marketing the coin at a higher price. If it fails to sell at the higher level, then I start discounting the coin. Given an unchanged market, the coin will continue to get cheaper as time passes.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • MrEurekaMrEureka Posts: 24,253 ✭✭✭✭✭
    The best deals I've gotten are coins that have remained a long time.

    My experience is the complete opposite.

    I doubt I'm alone. When was the last time you saw people fight for "last shot"?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.

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