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What if a coin dealer responded to your email in this fashion?

coinmaniccoinmanic Posts: 572
in U.S. Coin Forum
Hello,

"We are sorry, but by a long held policy--decades old--we do not involve ourselves in any resale activities of any nature, except for those collectors who actually purchased the product from us, and we hold the original documentation to verify the ownership of that product. We feel that this only fair to those customers who have purchased from us and we do not wish to go into competition with their resale activities and target our resources only to support them.

As we also do not involve ourselves in external re-sale activities, we also do not have any recommendations for who might be a credible buyer or reseller of these products.


Thank you and good luck,"


I sent a polite inquiry to a dealer in sculptures as I had a piece that I want to sell.

The response was fair and I do not find it objectionable in any way. Just a bit odd.

BTW, the piece I have retails for about $2000. Not Guggenheim material, but no trinket either.
SOCIALIZED MEDICINE: The wealthiest class treats the lowest class and sends the bill to the middle class.

Comments

  • DentuckDentuck Posts: 3,820 ✭✭✭
    The dealer's response is worded confusingly.

  • 291fifth291fifth Posts: 24,552 ✭✭✭✭✭
    One way market.
    All glory is fleeting.
  • PerryHallPerryHall Posts: 46,636 ✭✭✭✭✭


    << <i>The dealer's response is worded confusingly. >>



    Agree. Anyone care to translate this into normal english? Sounds like a "No thanks" response.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • slipgateslipgate Posts: 2,301 ✭✭


    << <i>One way market. >>



    +1 - they are only interested in selling. Probably most of what they sell has a small market and prices are WAY higher than what the stuff is worth. You see this often on cruise ship "art" sales where they are selling garbage at sky high prices where they made the market.
    My Registry Sets! PCGS Registry
  • gecko109gecko109 Posts: 8,231 ✭
    The reply means that the dealer buys those $2,000 retail value pieces for around $200 through their own channels and has absolutely no interest in paying you anything NEAR to what the item is actually worth (or at least what you perceive it to be worth).
  • blu62vetteblu62vette Posts: 11,935 ✭✭✭✭✭
    Good news, you dont have to worry about emails like this when dealing with coins.
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    They don't do consignment sales. Unless you purchased the item or items from them initially.

    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • tradedollarnuttradedollarnut Posts: 20,177 ✭✭✭✭✭


    << <i>Good news, you dont have to worry about emails like this when dealing with coins. >>



    You don't collect moderns, do you? image
    Early Dollar Set
  • PerryHallPerryHall Posts: 46,636 ✭✭✭✭✭


    << <i>

    << <i>Good news, you dont have to worry about emails like this when dealing with coins. >>



    You don't collect moderns, do you? image >>



    My first thought.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • yellowkidyellowkid Posts: 5,486 ✭
    The dealer is embarassed to tell you what he would pay for your piece.
  • GemineyeGemineye Posts: 5,374 ✭


    << <i>I sent a polite inquiry to a dealer in sculptures as I had a piece that I want to sell.
    >>


    Trying to sell off those home made clay statues....!!!!.....image
    ......Larry........image
  • coinmaniccoinmanic Posts: 572
    You guys are probably right about the one way market on these items. This guy is selling similar pieces for $2000 or so, probably want to offer a couple of hundred for mine. That is the beauty of Ebay, the great equalizer.
    SOCIALIZED MEDICINE: The wealthiest class treats the lowest class and sends the bill to the middle class.
  • 291fifth291fifth Posts: 24,552 ✭✭✭✭✭


    << <i>You guys are probably right about the one way market on these items. This guy is selling similar pieces for $2000 or so, probably want to offer a couple of hundred for mine. That is the beauty of Ebay, the great equalizer. >>



    The secondary market for the vast majority of art is almost non-existent. This is true in good as well as bad economic times.
    All glory is fleeting.
  • ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭


    << <i>One way market. >>



    Yes, and the part where they say we also do not have any recommendations for who might be a credible buyer or reseller of these products. reads like ominous foreshadowing.
    Coin Rarities Online
  • coinmaniccoinmanic Posts: 572


    << <i>

    << <i>One way market. >>



    Yes, and the part where they say we also do not have any recommendations for who might be a credible buyer or reseller of these products. reads like ominous foreshadowing. >>



    He did call and quietly recommended that I call Ying Feng Shui for an offer. image
    SOCIALIZED MEDICINE: The wealthiest class treats the lowest class and sends the bill to the middle class.

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