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what do coin dealers think

greatnortherncoingreatnortherncoin Posts: 412
in Precious Metals
what do coin dealers think about customers who are price hunters? people who come into their shop get a price write it on your bussiness card then go hunting for a better price down the street.
dont send sheep to kill a wolf...

Comments

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Although I am not a dealer, I feel compelled to answer here. First of all, someone who does that is an intelligent shopper. Second, the dealer should be offering his best price or indicate a willingness to negotiate. Would you walk into a car dealership and buy the car at sticker price?? As ridiculous as that sounds, so too would it be when applied to any purchase. Shop the market. Competition levels the field. Cheers, RickO
  • RobertSRobertS Posts: 485
    The cat is out of the bag, the old days where a people could be fooled into spending more for something than what it is worth are long gone. I totally agree with Ricko!!!
  • wpr102wpr102 Posts: 37
    Standard? The original post makes it sound like this should be looked down upon?

    Not a coin dealer myself though.
  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    When I was working, we didn't mind if buyers did that, but we had one guy that would come in every day and ask the price, pick up a page from a buying pad, write it down and NEVER, EVER buy anything. He finally stopped coming in when I told him I was going to charge him for the stationery!

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    I ask the price and if I like it, I buy it. Sometimes I will ask for a modest price break if paying cash. That's it.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    Dealing with tire kickers comes with the job.

    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

  • PokermandudePokermandude Posts: 2,713 ✭✭✭


    << <i>Dealing with tire kickers comes with the job. >>



    Definitely. And it's not just true of B&M dealers. And other times it's more than just tire kicking. I've recently had a 70+ email exchange with a potential client, and at the last minute he bailed on a fairly large sale. He asked me every question under the sun about my items/some general business questions and I patiently answered them. We set a price and a time to meet, then he cancelled right afterwards. Haven't heard from him since (he'd been emailing me 2-3 times a day previously).

    I can definitely see why some dealers get so irate at dilly-dallying customers.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    He finally stopped coming in when I told him I was going to charge him for the stationery!

    How reasonably-priced was your stationary?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • greatnortherncoingreatnortherncoin Posts: 412
    one way to slow down the time wastes is for dealer to charge a appraisal fee for the non sellers
    dont send sheep to kill a wolf...
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    There are time-wasters on both sides of the counter. At a recent coin show, I went back to one table 3 or 4 times to get an audience, and when I was granted one, this particular dealer decided that he wanted to make money on both sides of my proposed trade, platinum and cash, for platinum.

    I'm all for staying in business and I'm all for making a profit, but this one was a real time-waster and the deal would've been a pretty sub-par exchange - for me at least.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • SpoolySpooly Posts: 2,108 ✭✭✭


    << <i>When I was working, we didn't mind if buyers did that, but we had one guy that would come in every day and ask the price, pick up a page from a buying pad, write it down and NEVER, EVER buy anything. He finally stopped coming in when I told him I was going to charge him for the stationery!

    TD >>




    Hey...... I remember you! It was hotel 6 stationery! (evil grin)

    imageimageimageimageimage
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • KUCHKUCH Posts: 1,186
    Our company quotes prices every day to customers. We build relationships first and then they buy!image
  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭


    << <i>He finally stopped coming in when I told him I was going to charge him for the stationery!

    How reasonably-priced was your stationary?image >>



    $10,000 per sheet!!!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>

    << <i>When I was working, we didn't mind if buyers did that, but we had one guy that would come in every day and ask the price, pick up a page from a buying pad, write it down and NEVER, EVER buy anything. He finally stopped coming in when I told him I was going to charge him for the stationery!

    TD >>




    Hey...... I remember you! It was hotel 6 stationery! (evil grin)

    imageimageimageimageimage >>



    Are you implying that he was one of those hotel buyers?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

  • giorgio11giorgio11 Posts: 3,904 ✭✭✭✭✭
    As said already, it definitely comes with the territory. But there are also buyers who never ask for a price break, they just buy or not based on your quoted price. They are few but they are out there.
    VDBCoins.com Our Registry Sets Many successful BSTs; pls ask.
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