Which comes first; payment or shipping?

Weg

Normally I thought payment first then ship the coins. What would make it go the other way around?

blu62vette

The dealer, relationship, etc

SilverEagles92

Depends.

Weg

Depends; can you elaborate a little?
What brings this up is a sale to a dealer I've never delt with yet.

mrpotatoheadd

As has been said- it depends. I've ordered coins off mailing lists before and had either an invoice for payment sent to me or the coins + invoice.

Bayard1908

If you're responding to a dealer's buy ad, you ship before you get paid.

LindeDad

Even dealers sometimes are buyers and your not going get coins unless you pay for them. But also see the post above for the other case.
IMO.

soty27

It depends on who you are and what relationship you have with the seller/dealer. I was shipped 65 morgans last week all slabbed 64-65 without payment, I looked through them chose the ones I wanted and sent the rest back with a check. Happens all the time

garsmith

Unless agreed upon in advance the payment comes before the shipping.

I have shipped to fellow board members for review prior to payment or return, but only through the BST's

Weg

When selling anything physical payment first is normal, but here this seems to be a gray area. In the past what I've sold here was payment first.
To add a little clarity but not wanting to say something in public which may not be proper; the sale is with a long time forum member, a dealer.
I'm thinking if this person was questionable then he would not have become a long time member.

darktone

I do it to repeat customers on ebay that seem trust worthy or forum members I know. Sometimes I will send cheap coins out before I get payment to save a post office trip for a $10 coin.

roadrunner

There's no good reason why a seller claiming to have a coin for sale should get paid first. If the guy is a crook, this is not the time to be sending payment up front. Why is the seller's "coin" any more valuable or more pilferable than your "cash?" If neither person is known to the other why should the owner of the "coin" get any more preference? If I could not verify a first time seller's credentials, I'd either ask them to ship first or pass on the deal. In the case of dealers they should be able to present a long list of current dealer clients who can vouch for them.

roadrunner

JrGMan2004

Generally if you're selling to a dealer through the mail, you're going to be expected to send the coin first.

Obviously, it's best that you only deal with well known and established dealers. If they aren't either of those, then you can find someone else who is that will buy your coins.

Thinking about it from a dealer's standpoint... "I'm established, I have a business, I advertise in CoinWorld and am pretty well known in my area of expertise. You call me up responding to my buy ad, or to offer me a coin. Why should I send you cash first? For all I know, you're going to just take the money and run, and I'm going to lose a lot of money to scammers that will do just that. If you're not comfortable sending me the coin first, then you are welcome to come to my shop and get your check when you drop off the check, or find another dealer that you're comfortable with sending the coin first, or that is stupid enough to send cash to unknown buyers first."

Swampboy

Weg.
Firstly, I love your sigline.
You have nothing to lose by asking the dealer for a few board references.
What he is proposing is quite common among trusted trading partners.
-SB

JCMhouston

It all depends, I have had Heritage ship coins won in an auction even before they send the invoice. Once they have sucked enough money out of you they feel like you are good for it.

PerryHall

Several major dealers send me coins on approval for my examination prior to payment. A well established business relationship is all that it takes. Plus they have my credit card info on file.