Have you ever "won" the argument with a persistent overgrader?

RWB

At a club, on ebay, with a dealer, or elsewhere?

MICHAELDIXON

OMG! Crazy Harry always overgraded his coins and put the highest RedBook price on the 2X2 in bright purple ink. He would bring a handful of coins to me each weekend, want to sell them and I would argue with no success. One day he brought in a beautifully toned Standing Liberty Quarter and had it marked AU. I argued with him and finally he came down to AU price. I bought the coin, he was happy, I was happy and it was graded MS64FH. Unfortunately, I cannot remember the date, but I'll never forget Crazy Harry.

ColonelJessup

Yes. I walk away

BigE

Unless he had some things you really wanted, better decide if its worth it to get his repeat business --------BigE

coinguy1

<< <i>Yes. I walk away >>

And what do you do when confronted by persistent under-graders?

DennisH

<< <i>Yes. I walk away >>

Yep. Me too.

Baley

i don't get in "arguments", I get in "discussions".

these aren't "won" or "lost", but instead ideas are exchanged

sometimes someone is persuaded, other times not.

sorry this isn't a more exciting story tho

tydye

I never argue over grade just price

keets

I never argue over grade just price

yeah, why "walk away" from an overgraded coin if the price is right??

i've always thought that a good strategy when looking at a coin(any coin, encapsulated or raw) is to assign my grade to it and what the attendant FMV is for that grade. then the discussion can start.

rld14

THere's a guy who sets up at Westchester who has had a 28-S SLQ that I would like to own for some time. It's in a Numistrust MS67 holder but it would grade at PCGS, based on my "slight" experience with this date I'd say solid 63, good shot 64. It's not a full head.

This is a $2-300 coin, anywhere within reasonable range of that # and I am a buyer.

He wants $2,200 or so. I politely said that I couldn't pay anywhere near it and his response was that it was a 67 and that was cheap for a 67 and that I had no idea how to value coins. I told him if he crossed it to PCGS at the same grade I'd pay him $3,500 for it and if it didn't cross I'd pay the grading fees.

No dice

Shame because it's a die state that I don't have too.

rld14

And when I say "reasonable" I use that word loosely... I'd pay $400+ for it.

keets

now that's the way to bargain, a tactic i've used with coins i've had an interest in. the prudent thing to do now is to walk........................at a fast pace!! but i'd leave him a card just in case.

Julian

<< <i>I never argue over grade just price >>

WoodenJefferson

I once ran into a vendor set up at a flea market who was selling tools & Morgan silver dollars. They were in colored holders with rusty staples and not one of them was uncirculated. He had some of them marked BU and when I asked to see them he boasted about the superb condition. I pointed out obvious wear on the high points, he argued they were just weakly struck. I argued back that weakly stuck meant mushy details not flat worn spots on the high points.

He took his coin back and got red and just put the coin back into his prized bunch-o-junk. He looked past me out into the crowd for an obvious sucker to come along, I shoved it down the road. He knew he was wrong but would not admit it, he wanted people to fork over cash for over graded coins.

ColonelJessup

<< <i>

<< <i>Yes. I walk away >>

And what do you do when confronted by persistent under-graders? >>



I don't ever recall having that particular issue with you, Mark

I never overgrade on my own. I am perfectly happy to have a TPG do it for me.

This doesn't happen as much as it did a few years ago. A few others have noticed this also.

fcloud

Most of my ungraded coins in which I take to shows I don't put a grade on. Some people question why I do that. I simply tell them I have priced the coin to what I believe is a fair value, and if I grade it we may not agree on the grade. By only putting a price on it you can look at the coin to determine if the coin is priced right for you, and we negotiate, so feel free to make an offer.

Some people like this and some don't.

ricko

I like fcloud's method. I will assign a grade and determine if the asking price is acceptable... and if not, I will try a negotiating gambit. If spurned, I walk. Cheers, RickO

ricko

Darn, got sidetracked from Roger's original question. The answer is no.... and that applies even to those who have been ripped by unscrupulous dealers. Somehow, ownership not only adds a grade or two, but, as with children, there is no acceptable way to point out (even with logic and reason) flaws that may make it anything less than the owner (parent) believes. Cheers, RickO

TwoSides2aCoin

I never win an arguement. There are usually two losers in one of them.

Stew

When I see an obviously over graded coin that is priced according to
the high grade I will not argue over the grade because that is a person's personal
opinion and the second that you counter their opinion they get on the defensive
and will not recover from that position. But negotiating on price is another
matter all together it is almost expected in our hobby.
So I will try to negotiate the price to the grade that I feel the coin is at.
Win-Win

291fifth

No. I found it to be waste of time long, long ago.

BillJones

<< <i>I never argue over grade just price >>



Yea, I agree the price really is the "market grade," but most of the time the game is to over grade the piece and offer it at a "bargain price" for the grade assigned. For some weak minded or poorly educated people that strategy works time after time.

Most of the persistent over graders I've known were dealers, and they knew darn well what they were doing. I didn't agrument with them much, and no more than once. The best strategy is to just avoid them. There are plenty of other fish in the sea, as the saying goes.

PonyExpress8

All the time but it usually results in a pass!

johnny9434

<< <i>

<< <i>Yes. I walk away >>

And what do you do when confronted by persistent under-graders? >>



still walked away that one time. the coins were counterfit