For the dealers-- what would you like to see collectors do more of in 2008?
Longacre
Posts: 16,717 ✭✭✭
For the dealers in the house, what would you like to see collectors do more of in 2008? Because dealers and collectors are sometimes at different ends of the knowledge spectrum, it is probably harder to deal with collectors on a daily basis versus other dealers. I can think of a few things that dealers might want to see from collectors in 2008:
(1) Avoid looking at the grade on the plastic
(2) Better understand rarity figures (or, stated differently, understand why a particular coin is not truly rare)
(3) Understand the pricing in the series you are dealing with, and the differences between wholesale, wholesale +, and retail
What more can we as collectors do in 2008 to make the collecting year more enjoyable for everyone involved?
(1) Avoid looking at the grade on the plastic
(2) Better understand rarity figures (or, stated differently, understand why a particular coin is not truly rare)
(3) Understand the pricing in the series you are dealing with, and the differences between wholesale, wholesale +, and retail
What more can we as collectors do in 2008 to make the collecting year more enjoyable for everyone involved?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
0
Comments
<< <i>Buy stuff. >>
I normally don't get the right answer to these trivia questions, but that one was easy!
<< <i>
<< <i>Buy stuff. >>
I normally don't get the right answer to these trivia questions, but that one was easy!
I don't normally use this icon but ...
...and I might suggest that collectors read the small print on the bottom of the front page of Grey Sheet...
...it states rather plainly that the prices reflected there ARE NOT for collectors/investors but are for Dealer-to-Dealer transactions...
...and, yes, as the OP pointed out...there are times when no one should even use any price guide as certain coins are truly rare and price guides just do not apply...
...and then there are other coins that are all too common and command a 'minus premium'...
<< <i>
<< <i>
<< <i>Buy stuff. >>
I normally don't get the right answer to these trivia questions, but that one was easy!
I don't normally use this icon but ...
...and I might suggest that collectors read the small print on the bottom of the front page of Grey Sheet...
...it states rather plainly that the prices reflected there ARE NOT for collectors/investors but are for Dealer-to-Dealer transactions...
...and, yes, as the OP pointed out...there are times when no one should even use any price guide as certain coins are truly rare and price guides just do not apply...
...and then there are other coins that are all too common and command a 'minus premium'... >>
Although the small print does say "dealer/dealer" transactions, what qualifies as a "DEALER"? Is a guy who rents a table at a show 3 times a year a dealer? What about a person who sells 50-100 coins per year on ebay? What about flippers? If you can define dealer in the context that greysheet uses, I'd be appreciative.
The guy looks at his set of greysheets and gets all huffy and says the price should be $82 (BID). He is not a dealer. I tried to explain reality to him, but it didn't take.
TD
<< <i>
<< <i>
<< <i>
<< <i>Buy stuff. >>
I normally don't get the right answer to these trivia questions, but that one was easy!
I don't normally use this icon but ...
...and I might suggest that collectors read the small print on the bottom of the front page of Grey Sheet...
...it states rather plainly that the prices reflected there ARE NOT for collectors/investors but are for Dealer-to-Dealer transactions...
...and, yes, as the OP pointed out...there are times when no one should even use any price guide as certain coins are truly rare and price guides just do not apply...
...and then there are other coins that are all too common and command a 'minus premium'... >>
Although the small print does say "dealer/dealer" transactions, what qualifies as a "DEALER"? Is a guy who rents a table at a show 3 times a year a dealer? What about a person who sells 50-100 coins per year on ebay? What about flippers? If you can define dealer in the context that greysheet uses, I'd be appreciative. >>
Actually quite simple to make the distinction...Do you have a Tax ID making you exempt from paying Sales Tax on items for resale? Do you have a Business Card and/or Invoices to go along with this Tax ID?
BTW...I often refer to the "sheet" during a retail transaction...mainly to check on what I will expect to pay to replace the coin once it is sold...what I paid for a coin is not the whole story...
<< <i>That was a good price Tom. My question is what consitutes a "dealer" though? Do you need a B&M shop such as yours in beautiful downtown Chicago? If this guy was trying to aquire the set to sell to a coin collecting pal, is he not a dealer by definition? How many coins , or what amount of sales do you need in a given year to be considered a dealer? >>
Well, after that he pulled out a want list and bought two BU Memorial cents at 50 cents each for his set, so I assume he was trying to buy it as a collector. We try to accomodate all levels of collectors.
TD