How long does a coin sit in a dealer's inventory/website before...

dizzyfoxx

...they begin to wonder, "Hmmmmmm perhaps I'm asking too much, waaaaaay too much"...

dorkkarl

maybe he's asking too much because . . . . . . he does'nt really wanna sell it

K S

michael

two weeks to a couple of months to 6 months

NumisMe

I don't know, but I know of at least a dozen that I have been watching on Teletrade for over 4 months.
They always start at the same price and never sell because the starting price is too high. But every week, there they are again.
And YES, I know that they are the same coins.

Bear

From what I see, most dealers keep their mountains or

washed out, dipped out dull, white commems and type

coins untill they become family heirlooms. I guess As long as

you hold the price on these losers, you cant lose money or at least

that seems the mind set.

Conder101

Depends on the dealer. Some don't let a piece sit in stock for more than two or three weeks before they blow it out to keep the money turning. Others will sit on their mistakes/losers for years

longtimecollector

Under $20 I don't care........
Under $100 maybe a year........
Under $500 no more than 4-6 months........
Under $2500 2-3 months........
Over $5000 4-6 weeks..........

dorkkarl

is there a specific example?

K S

BillJones

Some coins, like rare but not well known die varieties, need to find the right home. I once had perhaps the poorest known example of the rarer variety of the 1805, small 5, stems half cent. At the time there were less than 20 examples known. Most of you guys would not have paid $20 for it because it was a ground salvage piece with VG sharpness and a couple big marks. I sold it for $1,100 to a specialist dealer. At the regular shows could not have gotten $25 for it.

MrHalfDime

Some interesting responses to an old question. How long does it sit, or how long should it sit?

Of all the responses given, I like Conder101's response best. Some dealers, who apparently do not understand the concept of the time value of money, let a coin sit in their inventory far too long. Others, who are acutely aware of the concept, will let it go after a short time, feeling that it is better to take the loss, roll the money over into another, more marketable coin, and move on. For example, if a dealer buys a coin for say $100, and keeps it in his inventory for a year, and then sells it for say $140, he sees a (gross) return on his investment of 40% APR. But if he buys the same coin for the same $100, and sells it for the same $140, but does so in an hour or so, at the same coin show, his APR is considerably greater.

One of my favorite dealers used to publish a comment in their monthly fixed price sheet, asking that if you saw a coin of interest on their list that had been there for a month or two, please make a counter offer. This dealer obviously understands the time value of money.

seemyauction

Some people don't sell because they have to, they sell because they want to. My rule is if I CAN NOT replace the item within a week, do not discount it. If it is easily replaced flip it and buy another.

291fifth

Dealers who are good business people will probably not want to keep it beyond 30-60 days. After that it becomes a dead asset that is just tying up their capital.

PerryHall

<< <i>maybe he's asking too much because . . . . . . he does'nt really wanna sell it >>



............or has an over inflated opinion of what the coin is worth.

RYK

Some coins, especially more expensive ones, are relatively illiquid.. Earlier this year, I purchased a coin that Doug Winter had in his inventory for over one year. I had seen it in person at the 2005 Central States Show and the 2006 Spring ANA, before pulling the trigger. It was a really nice coin that was priced appropriately for what it is, but there are few buyers for such an item. Smart dealers know when to hold 'em and when to fold 'em. Bottom line: it's not always about price.

pharmer

<< <i>maybe he's asking too much because . . . . . . he does'nt really wanna sell it

K S >>




Good point.

shylock

Like any business coin dealers have to move product.
I would think 2 months is the average expiration date.
Unless it's a major coin the typical cycle is:

Emailed or phone call as per client's want list.
Listed in online inventory.
Listed in online inventory at a discount.
Posted on EBay with more of a discount.
Wholesaled out or listed in an auction.

For Heritage the cycle for average coins is more obvious since you can track them on their site.

Emailed or phone call as per client's want list.
Listed in online inventory.
Listed in a major Heritage auction to fill out the lots.
Listed in one (or more) weekly online auctions.
Posted on EBay.
woof -- they seem to disappear into thin air after that.

Derek2100

sometimes 5 or 10 yr, unless your gonna fold your hand and take a loss

Do I love it when slow moving coins sell on ebay, especially at retail <grin>.