End of the year coin discount sales

RYK

In past years, I recall numerous coin dealers offering end of the year discount sales, to reduce inventory, raise capital, close the books on the year, get rid of mistakes and old dreck, etc. With the exception of Dick Osburn and APMEX, I do not recall seeing dealers offering these end of the year specials.

What do you make of this?

STONE

<< <i>In past years, I recall numerous coin dealers offering end of the year discount sales, to reduce inventory, raise capital, close the books on the year, get rid of mistakes and old dreck, etc. With the exception of Dick Osburn and APMEX, I do not recall seeing dealers offering these end of the year specials.

What do you make of this? >>


I don't think you're looking at enough sites

291fifth

Who needs discounts in a white hot, double nuclear coin market?

Greeniejr

Some dealers have other ways of motivating purchases at the end of the year that encourages repeat customers rather than price shoppers. Works wonders for us.

crypto79

If it is across the board discount I have no problems with this. Every dealer has better coins and not so better coins and all of them are for sale at a price. Dick's sale caused me to jump on a coin I was on the fence about due to price not quilty.

crypto79

<< <i>Some dealers have other ways of motivating purchases at the end of the year that encourages repeat customers rather than price shoppers. Works wonders for us. >>



Where do I sign up for the "happy ending" purchases? Also I think there is some wisdom in shopping at a price point works as well for coins as it does ladies of the night. No one likes putting a brown bag over their collection.

joebb21

makes sense. stock market traders do the same thing.
On one site I visit, the coins are marked up then next to them slashed so that it appears you are getting a nice discount.

RYK

Here's my answer:

I don't think that these are very effective. I have never intentionally bought into one of these. Most of the time, any discount given during the "sale" would have been offered before the sale.

A couple years ago, in late December, I inquired on a coin in Dick Osburn's inventory. He indicated that he was running a 5% off sale, and offered me the discount. He would have given me the same discount in January or November.

Longacre

Unless it is a low value, "budget" item, I am not swayed by these sales. For example, if I were looking for a modern proof set, and a dealer was offering a 10% off sale (assuming the original price was in line with the market), I would be more likely to buy the set from that dealer.

yellowkid

There is no need to discount "the good stuff."