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Dealers listing coins from other dealers inventory

HussuloHussulo Posts: 2,953 ✭✭✭
It happens and it has been mentioned here before but how exactly does it work?

Say I'm dealer A. Do I contact dealer B and ask for a percentage of his coin listed at say $1000 if I can sell it through my site?

When I get a buyer do I notify dealer B to send it to the buyer and pay me my cut?

If the buyer isn't happy or wants to return the coin do I tell him to post it to dealer B or to me so that I can post to dealer B (which would slow down the refund)?

I can see this starting to get complicated if you encounter some buyers that regularly return coins.


Comments

  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    There are many variables, I guess.

    We are assuming both dealers are aware of the other and made an agreement.

    If the listing-dealer lists the owner-dealer's coin at a higher price than the owner-dealer does, then the lister-dealer should accept all the sales burdens, like shipping and charge expenses, returns, complaints. The lister-dealer should also make sure the customer is happy. The owner-dealer just owns the coin.

    If the listing-dealer is selling it at the same price as the owner-dealer, he must get his profit (if any) from the owner-dealer. This is more of a service to the owner-dealer, so there is no problem in having the owner-dealer finish the sale and give a small fee to the listing dealer (if any).

    It is not ethical to list other people's coins without their knowledge.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:

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