Does it matter if the dealer tells you he bought a coin for inventory, rather than "made"

Longacre

Suppose you are speaking with a dealer and interested in a particular coin. Suppose the grade of the coin is MS-63. Of course, your first question would be to ask (and also determine for yourself) whether the coin is accurately graded. Would it make a difference to you if the dealer responded that he bought the coin for inventory because he thought it was a solid MS-63, and if he stressed that the coin is not one that he bought as an MS-62 and got it upgraded to an MS-63? Or is the grade history of the coin irrelevant and how it came to be at a certain grade?

BAJJERFAN

It really shud not matter unless you have reason to suspect that the coin was graded a 63 on other than its own merits.


edited to add:

If the coin and price pleases you, it shud not matter. If I found out later that the dealer was "stretching the truth" I might be leery of future business with him; if I found out before I mite haggle more.

Lakesammman

I was offered a coin that the dealer had "just made". I had seen it in another dealers case 1 hour earlier. It taught me not to trust him again.

MikeInFL

Yes, it would matter to me...Mike

TheRaven

I have had dealers state that this or that coin was fresh back from the graders and he got the grades he wanted.....

Also have had dealers state this is a real nice one that could be an upgrade candidate,if it really was it would be tried by him (last time I heard this was on my 1913 $5 Indian PCGS MS-62).....

I take everything as him trying to put the coin in the best possible light and make a sale.....

Then I look at the coin and see if it is the proper grade, look and price.....

Conder101

If I look at a coin and agree with the grade, why should I care how it got that grade. If I think it is accurate that is all that matters.

Lakesammman

If I look at a coin and agree with the grade, why should I care how it got that grade. If I think it is accurate that is all that matters.

michael

if i look at a coin and i like the price this is all that matters to me

Lakesammman

Hi, I'm a bald face liar and I'd like to develop a dealer/customer relationship with you. Can I add you to my mailing list?? Would you like me to call you when coins on your want list come available? Need someone to represent you at auction?? Need coins appraised??

Hell of a way to build a business.

Myqqy

For me, I think it comes down to whether I like the coin for the grade, and for the price. But I also need a dealer to be honest with me- if I think I'm getting a distorted sales pitch, then I'll probably move on......

stman

I just tell them to save the "stories" and tell me how much. Some folks make this thing way more complicated than necessary.

Darkmane

doesnt matter to me at all. the coin is the coin is the coin. what is was/is/will be *unless i can make a profit* doesnt matter

Trime

In principal it should not matter if the grade is accurate ( choir of other responders) and it may cause pause in the minds of oft submitters for regrades as it has recently been evaluated in the market grading TPG world.
As a personal philosophy, I prefer not only honesty, fairness but also transparency in my interactions with people. Thus I am always interested in the history of coin and appreciate knowing that a coin was recently upgraded or submitted twice for upgrade unsuccessfully. It does not influence my decision but develops a special communication level between myself and my favorite dealers.

Coinosaurus

Whether it matters to me or not, it *does* matter to the market and to my fellow collectors.

I have been looking at a coin in a certain dealer's inventory, which he has had for almost a year now. It is quite attractive and desirable, nearly the finest known for the issue, and greatly marked up over what he paid for it in the auction. Of course he "made" the coin a point higher than what it sold for originally. The problem is, everyone who would buy this coin knows all this. So, the coin sits in inventory and waits. It would be dumb for any of the interested collectors to buy it, because we all know it is worth much less. In reality, the first person who offers a 10%-20% advance over the auction price will likely own it.

You simply can not price a coin like this unless you know all the facts, regardless of how you feel about the grading. The coin is what it is, no matter if you agree with the grading service or not.

fcloud

I'm not sure. If the coin was graded one point less an hour earlier, thats when you should have bought it. The dealer must have a good eye and took the risk of upgrading it.