Am I the only one who tracks coins sold to dealers in their inventory to see if they resold?

Longacre

Perhaps I am odd with this, but I will give it a shot and see if others do the same thing. I tend to worry about my coin dealer and am concerned that he is making a decent living. I know that the coin dealing profession is pretty hard, and it is difficult on people with so much time on the road, away from their families, etc.

I sold a coin to a dealer at the recent Baltimore show. I see that it is now in his inventory. Other than being enamored that this coin has the coveted Longacre pedigree, I have been tracking it in his inventory to see if it sells. I find myself checking at least once a day, just out of curiosity. Does anyone else do this for a coin that was pedigreed to their personal collection? Or am I the only one?

CaptHenway

Anybody remember the TV show "The Night Stalker"?


Well, now we have "The Coin Stalker!!!!!"

LOL

RYK

I do this all the time. Sometimes, it is because there is still a string attached. Sometimes it is to get any idea whether the market thinks that a coin, that I once thought to be desirable, is desirable.

PerryHall

Longacre---Do you also check to see what the dealer's ask price is for your coin to see how much profit he is making on your coin?

mirabela

<< <i>Longacre---Do you also check to see what the dealer's ask price is for your coin to see how much profit he is making on your coin? >>



I certainly have done this -- of course, the price at which the dealer lists the coin is not necessarily the price at which he actually sells it, but if you know something about the dealer's usual discount structure than you can probably interpolate a real price pretty closely. Always a fun thing to do.

It is amazing sometimes what dribs and drabs of money dealers will work for, actually.

Julian

You have got way too much time, Michael!!!

Barry

<< <i>Longacre---Do you also check to see what the dealer's ask price is for your coin to see how much profit he is making on your coin? >>


When you see their prices, makse you wonder how all these dealers claim to work on such low margins, doesn't it?

sonoranmonsoon

You definately have to much time on your hands. That would never make the top 100 on my to do list.

ziggy29

<< <i>Longacre---Do you also check to see what the dealer's ask price is for your coin to see how much profit he is making on your coin? >>

That may not tell you much. If you sell a coin at $1000, a dealer may hope to get $1200 for it so they may list at $1300 or $1400, knowing they have wiggle room down to $1200 in negotiation. Seeing it listed for $1400 doesn't necessarily mean fat profits ahead.

mozin

Once I sell a coin, I could care less about what happens to it.

KentuckyJ

Checking it everyday? Isn't that being overly compulsive? I just let it go. Like mozin, once the coin is gone it's gone. I don't make time to worry about it.

KJ

Lakesammman

I only track consigned coins, just in case they forget to send me a check.

WTCG

I think it's sort of pointless since the coin was sold and no longer in your possession. It's almost as pointless as some losers who buy one of your slabs and then punch in the dozen or so sequential serial numbers on the cert-verification page to see what other coins were included in that same grading submission order.

tightbudget

Of course not!

jdimmick

Not necessarily coins I sold them, but I do from time to time, check back on dealer inventories to see if certain items are moving quickly, or stagnating. However, witout knowing the dealer on a personal basis, you dont know wether it was discounted, wholesaled out, or sold at the retail asking level.