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The most stupid things coin dealers say

northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
in U.S. Coin Forum
How often have you made a fair market based offer to a dealer on a coin only to be told, "I can't let you have it for that because I paid more for it than you are offering." I have yet to hear a coin dealer being offered a coin say to the customer, "I need to know how much you paid for it so I can offer you more."

Comments

  • BearBear Posts: 18,953 ✭✭✭
    The phrase "I cant sell the coin for that, because

    I have more in the coin than your offer" Really

    is a polite way to tell you to take your offer and

    and play Preperation-H with it.
    There once was a place called
    Camelotimage
  • PerryHallPerryHall Posts: 46,291 ✭✭✭✭✭
    That's the dealers way of saying that he's buried in the coin and will probably die with it.



    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

  • DeadhorseDeadhorse Posts: 3,720 ✭
    Oh, I'm used to that phrase, it just means he's willing to dicker but at bit higher figure.

    I used to say, "Well just how much do you have in it, then?" Then I can reverse the roles and tell him he paid too much.

    Any smart dealer who really was buried in a coin would cut his loses, he can take that against his gains come tax time.

    The phrase that always get my goat is, "Problem Free"...... riiiiight, sure, then why does the slab say 63 on it?
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,404 ✭✭✭✭✭
    Scenario:

    Man walks into Coin Shop. looks around, not saying a word. Dealer says: "hi, you looking for anything in particular?"
    Man says, " nah, just looking".image


    Fact:
    How stupid of dealer to say that. The dealer should have said: "We don't have what you are looking for, get out !"


    image
  • vaq45vaq45 Posts: 212
    Take a coin to "sell" and the first words out of his mouth is "looks kinda rough!"-I can't stand it!!!
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭


    << <i>The most stupid things coin dealers say >>

    "I'll pay 10 back of blue sheet"
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    Most of whats described above is clumsy negotiating techniques, etc.

    I think the 'stupidest' thing a dealer can tell you is that they have no interest in buying back a coin they sold you (or offering credit on it toward a new purchase) at anywhere near the level that they charged you.

    How many times would that have to happen to you before you'd decide that something is amiss in this client-dealer relationship?
    Coin Rarities Online
  • vaq45vaq45 Posts: 212
    This coulda been a fun thread---oh well...............................
  • notlogicalnotlogical Posts: 2,235 ✭


    << <i>The most stupid things coin dealers say >>




    "The junk basket is over there kid"

    or

    ""We don't sell stuff for kids" image
    What Mr. Spock would say about numismatics...
    image... "Fascinating, but not logical"

    "Live long and prosper"

    My "How I Started" columns
  • CnitasCnitas Posts: 373
    I had a guy who works at my local dealer (with whom I have a somewhat decent relationship) recently tell me they do not sell moderns or modern proofs.
    The problem is that I know that there are boxes on the shelves (in plain sight) that are full of moderns and proofs. The owner has let me look through them before several times. Now I have to time my next visit when the owner is there to let him know his employees are turning away business.
    Mark Piersall
    Random Collector
    www.marksmedals.com
  • carlcarl Posts: 2,054 ✭
    When selling something to a dealer: "Not really much of a market for those right now"
    When trying to buy something: "Lets ius just see what the Grey sheet has it for." What is meant by US? The nut hides it as if it was a secret document.
    What I've done for the fun of it is to bring a specific coin to a show and ask a few dealers what they would give for one if I see they have a similar one for sale. Then say, Oh no I don't want to sell it but I did want to buy another one. So how much is yours?
    Carl
  • carlcarl Posts: 2,054 ✭
    Hey notlogical. Why not say OH, I thought all your stuff was JUNK.
    Carl
  • ResRes Posts: 1,086
    "Then say, Oh no I don't want to sell it but I did want to buy another one. So how much is yours?"

    Are you implying that a dealer should buy someting for the same price as he's selling? Now that WOULD be pretty stupid.
  • capecape Posts: 1,621 ✭
    as what john said ! this has forced me to probably never buy from a certain dealer ever again!
    ed rodrigues
  • nesvtnesvt Posts: 2,214
    "Just dip a Q-tip in acetone and give it a hard rub. It will come off. Q-tips don't hurt coins."
  • dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭
    One thing that puzzles me, is when a dealer has a coin for sale and you ask how much for it? ...and their reply is, how much are you willing to pay?imageimageimage
    image...There's always time for coin collecting. image
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    "I think I'm gonna get into moderns."
    image

    or "Maybe it's time to go back to baseball cards"

    or pogs. Now THAT was a goodie.

  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    Dealer : I don't think I'll have anything in your price range. I suggest you try the Bank - they sell Coins at a price you'll be able to smile about. image
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    Keep them coming. image
  • capecape Posts: 1,621 ✭
    probably the stupidist thing was i bought this coin thinking it would grade proof 67 and paid strong money, therefore that is why it is almost double bid. i passed and then 2 weeks later he lowers the price by 500.00. NOW DO YOU THINK ID HONESTLY EVER BUY ANOUTHER COIN FROM THIS PERSON? TELL ME PEOPLE WHAT WOULD YOU DO?
    ed rodrigues
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭
    I tried to cash in my Kennedy Half Collection ( all in 2X2 vintage cardboard holders ) last week and this stupid dealer tells me - those aren't even good for the Slot Machines at Dover Downs anymore. He sez - I'll give you half a dollar each for the clads, 55 cents for the 40%ers.

    Freekin A**hole Dealer! See if I ever buy anymore $1.00 State Quarters from his sorry a**. image

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