I have got to ask this question again

coolest

Why is it that some/most collectors will have no problem paying gradeing fees and buyers fees for expensive coins in large auctions but if they are interested in a coin from another collector any price is too high. I have seen this behavior many times and even though these collectors often let me know that they regret missing the deal I offered but them they still maintain their typical MO. Can anybody shed some light on this behavior? I'm sure you know what I am talking about.

mingot

<< <i>Why is it that some/most collectors will have no problem paying gradeing fees and buyers fees for expensive coins in large auctions but if they are interested in a coin from another collector any price is too high. I have seen this behavior many times and even though these collectors often let me know that they regret missing the deal I offered but them they still maintain their typical MO. Can anybody shed some light on this behavior? I'm sure you know what I am talking about. >>



The other person is probably thinking one or more of these things:

He can sell it on Heritage and pay 15-30% in fees. He should sell it to me for 30% less than what they sell for at auction.

He can sell it on eBay and run the risk of getting half of retail. He should sell it to me for half of retail.

He can sell it to a dealer and get hosed, so he should sell it to me for hosed + 5%.

In short, I think that the other person thinks that even with a lowball offer that he still might be the best game in town.

TheCoinGeezer

Well, it doesn't hurt to ask.
If you don't like someone's offer you can refuse or make a counter-offer.
My philosophy is "If you don't ask, you don't get."
Some people like to haggle over prices, some do not.
I'm in the camp that does but that doesn't make me a bad person

TomB

You may be dealing with two different pools of collectors.

RYK

I have seen it and may have even lived it, as a collector, and do not have a good explanation for it.

ricko

Many individuals think coins are like cars and price haggling is required since they are ALL overpriced on the ticket. While it is true about cars, it is only partially true about coins. Except for some dealers - all their stuff is overpriced (I know of at least three in the Pacific Northwest). Cheers, RickO

shish

I can't explain it, Although slightly different the following experience still baffles me. I offered a coin to my friend the first day of a show. He passed, so I sold it to a dealer at the show. The next day he bought the coin from the dealer for hundreds more than I offered it to him. The coin was rare, graded by PCGS, and had a unique toning pattern. Months later at another show he did the exact same thing. I haven't had the heart to tell him, maybe one day after a few cold ones

jesbroken

It is a common occurrence. After owning/operating a "mom and pop's" store for many years, I found it quite common for customers to try to make deals that border an absurdity but would then go to a large retail store and pay higher prices on many items without a thought. It is because they know they are dealing directly with the owner compared to an entity without the ability to deal directly with the owner. I would bet people on friendly terms with the owners of Heritage, Stack's and the like often try to go directly to them for better deals. Just my thought on the subject.
Jim