Here we go again. Saw a Coin yesterday at the Almost Local Coin Show that would fit nicely into My Registry Set. Thought about the Coin all last evening then decided that a drive back to the Show was in order.
This morning,after coffee,went in took a Shower and noticed nothing Strange on the Old Forehead. Picked out the Coins that I thought would be of use,and that He could Sell,for the Dealer. Fired the Pick-up up and was ready to make the 100 mile round trip to the Local Show.
Being from Oregon,it was another one of the Glorious Feburary mornings,Solid Fog the whole way. Did not feel anything Strange happening to My Forehead during the drive. Must interject here that the ONLY reason that the return trip to the Show was to try to deal on the one coin seen the day before.
Get to the Show walk in and go directly to the Dealers Table. Low and Behold No one is at the Table. Finally after standing for a few minutes I turn around and ask another Dealer if this Guy is around. The second Dealer is nice enough to go find the person I am looking for.
The Dealer gets to the table and I ask him if he needs Cash or will take Coins in trade for the Coin I wanted. He comes back with the standard comment of it depends What do you have. Open up the NGC box that the coins of mine are in and tell the Dealer to have a Look. He looks quickly the says I have a Partner on the Coin you want. Let me go find him. Throws my coins back into the NGC box sideways and heads out looking for the Partner.
Number 1 Dealer comes back without number 2 Dealer and,I guess,decides to give me quotes on the coins I have brought for trade.
At this point he grabs his binder that has his Price Sheets and opens the binder up. First sheet is the Gray Sheet and I am thinking "Finally a Oregon Dealer is going to quote Prices Correctly. WRONG!! He flips the page and goes to the Blue Sheet.
At this point I ask him if he is going to quote me from the Sight Un-seen Blue Sheet. His answer is YES. I remind him that this is Not a sight un-seen deal. He turns to his Partner, who had returned, and asks about quoting off the Gray Sheet. Partner sticks with the Blue Sheet. Will interject now that the Coin I wanted was Priced above Gray Sheet Ask by a couple of Hundred Dollars.
Well being the "East Going Guy" that I am I asked if that was his Final Answer. Come back was Blue Sheet or Cash.
Thought to Myself,at this point, a TATOO of "IDIOT" must have shown up on my Old Forehead if He thinks I am going to Sell at Blue Sheet.
Put My Coins back into the NGC box correctly,Thanked him and prepared to leave.
The Dealers last comment was what do you want for that coin,which was a Mint State 27S Mercury Dime that he really had his eye on.
Thanked Him again,turned around and walked out of the Show.
Oh Yes. The Coin I wanted was a 1921D MS65 PCGS graded Mercury Dime.
The End of another Glorious Waste of Time. Take Care: Ken
Fairlaneman
Posts: 10,423 ✭✭✭✭✭
Comments
Tbig
I think I speak for all the Merc collectors when I ask: Had you spent time at a tatoo parlor before heading back to the show?
Now, more seriously, I don't subscribe nor look at the blue sheet or grey sheet. If the deal had been that they would sell you the coin at blue sheet and value your coins at blue sheet, would the deal be fair? Alternatively, if they had priced their coin at grey sheet and valued your coins at grey sheet, would that deal be fair?
Thanks in advance.
Mark
But.....
If you are trying to trade for a coin, which has much more value (I would think given the date/grade), you would think they would either cut you a deal on the asking price or up your trade in value (six of one/ half dozen of the other). The fact they did not seem to be willing to deal would cause me to walk away just as you did.
From what I remember, Blue Sheet is pretty harsh on NCG mercs. Had to do with the way they graded them at one time in the past I think.
My Dimes
<< If it's worth doing, it's worth doing right the first time! >>
Mark: If his Coin would have been Priced at Blue Sheet I could have lived with quotes from the Blue Sheet.
T Big: Forgot. I do not like to give out names over the Forumn. Oregon has to few dealers to be Hated by them All and word could get around..
And, that was a great price!
My Dimes
<< If it's worth doing, it's worth doing right the first time! >>
Registry 1909-1958 Proof Lincolns
The Dealers should have put a Sign on the Coin stating that: "Only A Ridiculous Offer Will Be Accepted Since We Are Buried In This Coin"
When I screw up getting out and continuing on is the Priority. For these guys I guess that is not the Priority. I wish them Good Luck with thier further Deals on this Coin.
Thanks Tom for the Information. Maybe if I see the First Guy in the Future I will try to Deal with him,but I doubt it.
Take Care: Ken