I remember RT as a kid in Detroit, I was a helper at my uncles coinshow table, he was scouring the MSNS show for cam Frankies. I wondered what he knew that we didn't.
<< <i>So how many dealers her would accept an invitation to be on that show and how do you feel it would affect your reputation? >>
Let me put it gently....whatever Gerstel is trying to sell at any given moment on that show could be had for AT LEAST 20% less from even the most greedy B&M dealer. So as far as what it may do to one's rep to appear on that huckster's show...I'll allow you to come to your own conclusions.
Rick was selling high end Pf 66-69 Ultra Cam Franklins, really nice coins but one has to question why he would show up on the Treasure Hunter show with Jimmy Gerstel??
<< <i>Rick was selling high end Pf 66-69 Ultra Cam Franklins, really nice coins but one has to question why he would show up on the Treasure Hunter show with Jimmy Gerstel?? >>
He figured it would be a good venue to get some strong money for the coins in question?
I doubt his appearance on the show alone will cost him many future transactions with "knowledgeable" collectors.
He sells on eBay, he sells on Teletrade, he sells at coin show's,he sells off his web site . He sells @ Heritage , he sells off his newsletter , he sells out of Coin
World and Coin Magazines.........
he offers a return priv. and he sells top of the line stuff
He's the top Franklin authority in the world, he writes books , drives a Viper and most of the time gets a raw deal because a lot of us are jealous
If Tomaska offers a high quality product , and sells to willing buyers.........
who are we to judge the venue he chooses to do so in
<< <i>He sells on eBay, he sells on Teletrade, he sells at coin show's,he sells off his web site . He sells @ Heritage , he sells off his newsletter , he sells out of Coin
World and Coin Magazines.........
he offers a return priv. and he sells top of the line stuff
He's the top Franklin authority in the world, he writes books , drives a Viper and most of the time gets a raw deal because a lot of us are jealous
If Tomaska offers a high quality product , and sells to willing buyers.........
who are we to judge the venue he chooses to do so in >>
It would be hard for any 'full retail' dealer to get a fair shake on this thread, and this doesn't appear to be any exception.
I am certainly no apologist for Rick. I introduced myself to him once about 4-5 years ago when I was assembling a Top 5 Registry Set in Proof Cameo Franklins. I was on their mail list for a while, but never bought from them. I was always able to locate a coin just as good for less money with time & patience. I'm sure he doesn't remember our brief 1 minute meeting as I saw him coming in the door of a Heritage FUN auction. I've always considered him the most knowledgable person I know in the Franklin series. Back when EBAY disclosed bidder ID's I found myself bidding against him often for the high end early 50's cam/dcam Frankys.
There is a place in this world for full retail dealers like Rick. His return policy is generous. If the origianal buyer does not return the coin within the return period, why should some relative have a 'second bite at the apple' as far as returns or buy backs? I'm not impressed by the report that he appeared on the TV marketing show. But my conclusion of Rick's business model was that he was not looking to make a small profit over many transactions with advanced collectors; rather it appeared to me that he was looking to make a large profit over relatively fewer tansactions with collectors with advanced pocketbooks...but limited actual knowledge of the series. I don't think that choice in business models should condemn him to the curbs. There is a place in the hobby for full retail dealers...but maybe not a place for them on this forum, where the average poster has already been roughed up a time or two in the school of hard knocks.
I know the man has his short comings......... but I believe over the years he has learned from his mistakes and his heart is in the right place . >>
Great. I have some Frankies to sell. I'll give him a buzz and see how receptive he is. >>
RYK, thanks for finding that old Tomaska thread for the benefit of a new collector. As you noted it is a One Way street with R & I. They are happy to sell at the highest retail prices but not to buy. I learned that when I tried to sell them my 1950-1964 CAMs and DCAMs. After a week of silence I consigned them all to Heritage.
<< <i> As you noted it is a One Way street with R & I. They are happy to sell at the highest retail prices but not to buy. >>
The ads he's running now say that he is a buyer and will purchase your 'cast-off' (I think that's the term he uses) coins. I stopped by his table at FUN, he was in the auctions, I left my # with one of his assistants, told her I had PCGS Franklins for sale, MS65-66. Never called me. This man is not interested in purchasing anything from collectors unless he already has a home for it.
1. The Art and Coin show can be an excellent venue for new collectors.
2. For those who have watched the show, I usually appear with Barry Chappell, and we do a question and answer session, to try and make it informative as possible. Barry is an ex-economics professor.
3. There are many potential new collectors who do not know a thing about Franklin or Kennedy halves, mint state or proof.
4. Barry is in charge of pricing. In most cases, he comes in pretty close to market, though not always, and there are several lots that I am actually selling at a loss - they are new collector-builders.
5. We will be doing more shows.
6. It will be good for collectors of the Franklin and Kennedy and half series.
Interested in your feedback, I am easy to reach, and always happy to discuss Franklin and Kennedy half dollars. I am in the middle of writing this book, otherwise I would be on the chatboard a bit more.
<< <i>1. The Art and Coin show can be an excellent venue for new collectors.
2. For those who have watched the show, I usually appear with Barry Chappell, and we do a question and answer session, to try and make it informative as possible. Barry is an ex-economics professor.
3. There are many potential new collectors who do not know a thing about Franklin or Kennedy halves, mint state or proof.
4. Barry is in charge of pricing. In most cases, he comes in pretty close to market, though not always, and there are several lots that I am actually selling at a loss - they are new collector-builders.
5. We will be doing more shows.
6. It will be good for collectors of the Franklin and Kennedy and half series.
Interested in your feedback, I am easy to reach, and always happy to discuss Franklin and Kennedy half dollars. I am in the middle of writing this book, otherwise I would be on the chatboard a bit more.
Warmest regards,
Rick T >>
Rick, with all due respect, I tried as well to hook up with you at FUN, and left my number as well but never received a call back (was there from tues-sun). I understand you were busy with the auctions, but so was I, and I had a box of pretty neat OGH's that I was selling that you may have liked seeing. I'm not really collecting these things any more, but still enjoy talking about them and looking at nice ones. What you do of course is up to you, and if the passion for the series has diminished I certainly can understand that, but if you are promoting a series maybe it would be nice for you to be around at shows for people who still do collect the series. Just a thought...
<< <i>Most dealers are reluctant to buy back coins, at least that's my experiences over the past 30 years
Well, that has not been my experience, but perhaps I am hanging out with the wrong crowd. >>
If you buy very high priced coins with small markups then this is pretty much an industry standard. But the rest of the coin market doesn't work that way. Coins don't have some fixed value that can be read off the tape or out of a book. The seller wants the most possible and the buyer wants to pay the least possible. When these ranges overlap a deal is made. But sellers don't want coins back. If they wanted the coin they wouldn't have sold it or would have sold it for much more. Why pay retail when coins are available for a frac- tion of retail. Even the much vaunted high priced coins are sometimes purchas- ed for a small fraction of their values in coin shops.
There's another thing about those high priced coins the dealer buys back; They are easier to remember. If a customer comes back with a $100,000 coin he bought the year before in an up market and you offer 50% of your selling price you're go- ing to lose a very valuable customer. Everyone is going to stretch as far as poss- ible to buy back coins they know they sold and this is the reason most dealers really would prefer not to buy back coins; they're expensive.
With less valuable coins in less mature markets this effect will be stronger. When you work hard to accumulate a lot of stock the tendency might be stronger still.
<< <i>1. The Art and Coin show can be an excellent venue for new collectors.
2. For those who have watched the show, I usually appear with Barry Chappell, and we do a question and answer session, to try and make it informative as possible. Barry is an ex-economics professor.
3. There are many potential new collectors who do not know a thing about Franklin or Kennedy halves, mint state or proof.
4. Barry is in charge of pricing. In most cases, he comes in pretty close to market, though not always, and there are several lots that I am actually selling at a loss - they are new collector-builders.
5. We will be doing more shows.
6. It will be good for collectors of the Franklin and Kennedy and half series.
Interested in your feedback, I am easy to reach, and always happy to discuss Franklin and Kennedy half dollars. I am in the middle of writing this book, otherwise I would be on the chatboard a bit more.
>>
Anything good for the Kennedy market is great with me.
There's a lot of activity and increases on the PCGS price guide here.
gecko109
Posts: 8,231 ✭
Comments
hmmmmmmmmmmm
bob
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
Ditto
Jimmy dude
<< <i>What did Rick have to say? >>
Yes, inquiring minds want to know!
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
<< <i>What did Rick have to say? >>
He has only about 20 posts but with luck he'll post to give us some info.
<< <i>
<< <i>What did Rick have to say? >>
Funny....but quite true.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
<< <i>So how many dealers her would accept an invitation to be on that show and how do you feel it would affect your reputation? >>
Let me put it gently....whatever Gerstel is trying to sell at any given moment on that show could be had for AT LEAST 20% less from even the most greedy B&M dealer. So as far as what it may do to one's rep to appear on that huckster's show...I'll allow you to come to your own conclusions.
<< <i>Tomaska is a member here but his user name escapes me right now.
He has only about 20 posts but with luck he'll post to give us some info. >>
His username is ultimatecameo.
What station is this show on?
Franklin-Lover's Forum
Ever Onward
<< <i>Rick was selling high end Pf 66-69 Ultra Cam Franklins, really nice coins but one has to question why he would show up on the Treasure Hunter show with Jimmy Gerstel?? >>
He figured it would be a good venue to get some strong money for the coins in question?
I doubt his appearance on the show alone will cost him many future transactions with "knowledgeable" collectors.
He sells on eBay, he sells on Teletrade, he sells at coin show's,he sells off his web site . He sells @ Heritage , he sells off his newsletter , he sells out of Coin
World and Coin Magazines.........
he offers a return priv. and he sells top of the line stuff
He's the top Franklin authority in the world, he writes books , drives a Viper and most of the time gets a raw deal because a lot of us are jealous
If Tomaska offers a high quality product , and sells to willing buyers.........
who are we to judge the venue he chooses to do so in
<< <i>He sells on eBay, he sells on Teletrade, he sells at coin show's,he sells off his web site . He sells @ Heritage , he sells off his newsletter , he sells out of Coin
World and Coin Magazines.........
he offers a return priv. and he sells top of the line stuff
He's the top Franklin authority in the world, he writes books , drives a Viper and most of the time gets a raw deal because a lot of us are jealous
If Tomaska offers a high quality product , and sells to willing buyers.........
who are we to judge the venue he chooses to do so in >>
Read this and get back to us.
I am certainly no apologist for Rick. I introduced myself to him once about 4-5 years ago when I was assembling a Top 5 Registry Set in Proof Cameo Franklins. I was on their mail list for a while, but never bought from them. I was always able to locate a coin just as good for less money with time & patience. I'm sure he doesn't remember our brief 1 minute meeting as I saw him coming in the door of a Heritage FUN auction. I've always considered him the most knowledgable person I know in the Franklin series. Back when EBAY disclosed bidder ID's I found myself bidding against him often for the high end early 50's cam/dcam Frankys.
There is a place in this world for full retail dealers like Rick. His return policy is generous. If the origianal buyer does not return the coin within the return period, why should some relative have a 'second bite at the apple' as far as returns or buy backs? I'm not impressed by the report that he appeared on the TV marketing show. But my conclusion of Rick's business model was that he was not looking to make a small profit over many transactions with advanced collectors; rather it appeared to me that he was looking to make a large profit over relatively fewer tansactions with collectors with advanced pocketbooks...but limited actual knowledge of the series. I don't think that choice in business models should condemn him to the curbs. There is a place in the hobby for full retail dealers...but maybe not a place for them on this forum, where the average poster has already been roughed up a time or two in the school of hard knocks.
Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum
Thank you for the thread..Very eye opening for newbies like me!!
Ever Onward
I know the man has his short comings......... but I believe over the years he has learned from his mistakes and his heart is in the right place .
<< <i>Read this and get back to us...........
I know the man has his short comings......... but I believe over the years he has learned from his mistakes and his heart is in the right place . >>
Great. I have some Frankies to sell. I'll give him a buzz and see how receptive he is.
<< <i>
<< <i>Read this and get back to us...........
I know the man has his short comings......... but I believe over the years he has learned from his mistakes and his heart is in the right place . >>
Great. I have some Frankies to sell. I'll give him a buzz and see how receptive he is. >>
RYK, thanks for finding that old Tomaska thread for the benefit of a new collector. As you noted it is a One Way street with R & I. They are happy to sell at the highest retail prices but not to buy. I learned that when I tried to sell them my 1950-1964 CAMs and DCAMs. After a week of silence I consigned them all to Heritage.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
<< <i> As you noted it is a One Way street with R & I. They are happy to sell at the highest retail prices but not to buy. >>
The ads he's running now say that he is a buyer and will purchase your 'cast-off' (I think that's the term he uses) coins.
I stopped by his table at FUN, he was in the auctions, I left my # with one of his assistants, told her I had PCGS Franklins
for sale, MS65-66. Never called me. This man is not interested in purchasing anything from collectors unless he already
has a home for it.
Most dealers are reluctant to buy back coins, at least that's my experiences over the past 30 years
Well, that has not been my experience, but perhaps I am hanging out with the wrong crowd.
1. The Art and Coin show can be an excellent venue for new collectors.
2. For those who have watched the show, I usually appear with Barry Chappell, and we do a question and answer session, to try and make it informative as possible. Barry is an ex-economics professor.
3. There are many potential new collectors who do not know a thing about Franklin or Kennedy halves, mint state or proof.
4. Barry is in charge of pricing. In most cases, he comes in pretty close to market, though not always, and there are several lots that I am actually selling at a loss - they are new collector-builders.
5. We will be doing more shows.
6. It will be good for collectors of the Franklin and Kennedy and half series.
Interested in your feedback, I am easy to reach, and always happy to discuss Franklin and Kennedy half dollars. I am in the middle of writing this book, otherwise I would be on the chatboard a bit more.
Warmest regards,
Rick T
<< <i>1. The Art and Coin show can be an excellent venue for new collectors.
2. For those who have watched the show, I usually appear with Barry Chappell, and we do a question and answer session, to try and make it informative as possible. Barry is an ex-economics professor.
3. There are many potential new collectors who do not know a thing about Franklin or Kennedy halves, mint state or proof.
4. Barry is in charge of pricing. In most cases, he comes in pretty close to market, though not always, and there are several lots that I am actually selling at a loss - they are new collector-builders.
5. We will be doing more shows.
6. It will be good for collectors of the Franklin and Kennedy and half series.
Interested in your feedback, I am easy to reach, and always happy to discuss Franklin and Kennedy half dollars. I am in the middle of writing this book, otherwise I would be on the chatboard a bit more.
Warmest regards,
Rick T >>
Rick, with all due respect, I tried as well to hook up with you at FUN, and left my number as well but never received a call back (was there from tues-sun). I understand you were busy with the auctions, but so was I, and I had a box of pretty neat OGH's that I was selling that you may have liked seeing. I'm not really collecting these things any more, but still enjoy talking about them and looking at nice ones. What you do of course is up to you, and if the passion for the series has diminished I certainly can understand that, but if you are promoting a series maybe it would be nice for you to be around at shows for people who still do collect the series. Just a thought...
john
<< <i>Most dealers are reluctant to buy back coins, at least that's my experiences over the past 30 years
Well, that has not been my experience, but perhaps I am hanging out with the wrong crowd. >>
If you buy very high priced coins with small markups then this is pretty much
an industry standard. But the rest of the coin market doesn't work that way.
Coins don't have some fixed value that can be read off the tape or out of a
book. The seller wants the most possible and the buyer wants to pay the
least possible. When these ranges overlap a deal is made. But sellers don't
want coins back. If they wanted the coin they wouldn't have sold it or would
have sold it for much more. Why pay retail when coins are available for a frac-
tion of retail. Even the much vaunted high priced coins are sometimes purchas-
ed for a small fraction of their values in coin shops.
There's another thing about those high priced coins the dealer buys back; They
are easier to remember. If a customer comes back with a $100,000 coin he bought
the year before in an up market and you offer 50% of your selling price you're go-
ing to lose a very valuable customer. Everyone is going to stretch as far as poss-
ible to buy back coins they know they sold and this is the reason most dealers
really would prefer not to buy back coins; they're expensive.
With less valuable coins in less mature markets this effect will be stronger. When
you work hard to accumulate a lot of stock the tendency might be stronger still.
<< <i>1. The Art and Coin show can be an excellent venue for new collectors.
2. For those who have watched the show, I usually appear with Barry Chappell, and we do a question and answer session, to try and make it informative as possible. Barry is an ex-economics professor.
3. There are many potential new collectors who do not know a thing about Franklin or Kennedy halves, mint state or proof.
4. Barry is in charge of pricing. In most cases, he comes in pretty close to market, though not always, and there are several lots that I am actually selling at a loss - they are new collector-builders.
5. We will be doing more shows.
6. It will be good for collectors of the Franklin and Kennedy and half series.
Interested in your feedback, I am easy to reach, and always happy to discuss Franklin and Kennedy half dollars. I am in the middle of writing this book, otherwise I would be on the chatboard a bit more.
>>
Anything good for the Kennedy market is great with me.
There's a lot of activity and increases on the PCGS price guide here.