So ya wanna be a DEALER....NOT "hypotheticals"

I'll lead off with an ACTUAL experience from my repertoire of 30 years of sellin coins. If yer a dealer with OTHER "goodies" step right up and post em.
I had a guy who wanted a bag of Indian Head cents. 5000 lil IHC's. Just VG+
So I went on the teletype and located a few guys who could help fill the order.
I hit the jackpot on the 2nd or 3rd day and found a seller of over 3/4 bag.
I told him to ship and he .....ADDED..... about 100 coins just to avoid any grade issues.
I called the customer and delivered the 5100 coins and told him why the extra coins.
Couple days later, the customer calls and is mad that some coins did not make VG+
I asked how many and he said 40 or 50 were lesser grades.
I reminded him that he didn't PAY for 100 coins.
He was still mad and told me that he SPECIFIED VG+
He never did "get" the point and I lost a customer.
Oh well.
I had a guy who wanted a bag of Indian Head cents. 5000 lil IHC's. Just VG+
So I went on the teletype and located a few guys who could help fill the order.
I hit the jackpot on the 2nd or 3rd day and found a seller of over 3/4 bag.
I told him to ship and he .....ADDED..... about 100 coins just to avoid any grade issues.
I called the customer and delivered the 5100 coins and told him why the extra coins.
Couple days later, the customer calls and is mad that some coins did not make VG+
I asked how many and he said 40 or 50 were lesser grades.
I reminded him that he didn't PAY for 100 coins.
He was still mad and told me that he SPECIFIED VG+
He never did "get" the point and I lost a customer.
Oh well.
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Comments
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Sounds like this guy didn't get it, even though you told him what was up.
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
https://www.civitasgalleries.com
New coins listed monthly!
Josh Moran
CIVITAS Galleries, Ltd.
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
are on this Forum.
Camelot
Hadn't seen a "regular" for quite some time. Asked where he'd been. He said he was ticked because the last 4 Saints he bought were counterfeit.
I told him to bring em back and let me take another look.
He didn't have them.
I asked who told him they were phony.
"XXX at XXX's Coins. Where I sold em."
Ahhhhh .......retail
There is nothing worse ! ! !
Who said : "good riddance to bad rubbish" ? I concur.
Ya'll are much more gracious than me........I might have put nails in his driveway (copper ones) and then told him to send me ALL the coins back for a refund minus shipping and handling, leaving him a net loss of say 80%.
There is an old saying : " if they ain't b..tchin', you ain't chargin' enough "
``https://ebay.us/m/KxolR5
<< <i>nothing like a new collector pulling out $20 because the pcgs saint slab says $20 >>
Not too long ago I had something like that happen to me.
I had a proof Walking Liberty Half Dollar NGC PF65 in my case...a show attendee saw the label on the slab "50c" and pulled out a GW and asked if I had change. He then proceded to call me "dishonest" when I quoted him the real price of the coin.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
I had a proof Walking Liberty Half Dollar NGC PF65 in my case...a show attendee saw the label on the slab "50c" and pulled out a GW and asked if I had change. He then proceded to call me "dishonest" when I quoted him the real price of the coin.
Tell the attendee there are exit doors at the front of the show hall- make use of them now
He asked the price of a key-date Barber Half that i had in PCGS 64 or 65? A coin with only a handful of better coins. I told him it was eight, he said OK.
He bought a couple other coins and I wrote up the invoice, he looked at the invoice and said $8,000.00 I thought you meant $800.00?? I said no $8,000, it being a key date with only 4 coins grading higher.
Now, this guy has been in the business for 30+ years dealing in high grade PQ coins. There is no way he actually thought he could by a Gemmy Barber Half for $800 bucks. I think the cheapest common date in 64 is around $1,100.00 and he thought he was getting a key date for $800.00
I thought to myself welcome to the coin business. (it was one of the first shows I had ever set-up at)
Check w/Barry. I think the same guy tried that trick with him.
He even SOUNDED halfway knowledgeable. Then when I told him the total, he got all goofy and said he thought the price for those .....GOLD..... coins was five bucks, ten bucks, and twenty bucks.
As far as the quoting of prices in ....shorthand.... as "eight" for eight THOUSAND, I try to avoid that at all costs as I ....have....got some outrageous rips on coins priced at one tenth of value. Those are the times when I ....never..... asked "is that the best price?"
I think my most GLARING "misunderstanding" was with a fellow (?) dealer ..... BIG DEALER....who was running buys for graded circ silver dollars at the very tippy top of the market in 1980.
I confirmed and shipped several hundred carefully sorted pre-21 bucks and waited for the check. In the meantime, silver collapsed. Next thing I knew, the mailman brought me my dollars back.
Wanting to have a ......RECORD...... of the deal, I did NOT phone but sent a direct teletype message asking why the return. And then I ....SAVED....the reply.
"Nothing wrong with grading. Just not what I looking for."
Uh huh....sure.
<< <i>I remember one instance where a well known dealer, one that is praised on this forum on occasion, stopped by my table and was interested in several coins i had for sale.
He asked the price of a key-date Barber Half that i had in PCGS 64 or 65? A coin with only a handful of better coins. I told him it was eight, he said OK.
He bought a couple other coins and I wrote up the invoice, he looked at the invoice and said $8,000.00 I thought you meant $800.00?? I said no $8,000, it being a key date with only 4 coins grading higher.
Now, this guy has been in the business for 30+ years dealing in high grade PQ coins. There is no way he actually thought he could by a Gemmy Barber Half for $800 bucks. I think the cheapest common date in 64 is around $1,100.00 and he thought he was getting a key date for $800.00
I thought to myself welcome to the coin business. (it was one of the first shows I had ever set-up at) >>
For some reason I don't believe he actually thought he actually believed you were selling such a coin for $800. In other words, I'm calling him a liar and a cheat. What's his name?
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
Oh and the guy must have not been that bright. 100 extra coins should have made up for it easily, above and beyond in my book.
I am Looking to Buy California Tokens too.
I actually don't recall as it was in 79 or 80 or 81....sometime in there. The result of the whole thing kinda eclipsed the price in my memory.