<< <i>Gets me when a dealer wants GS Ask plus 10 or 20 % for his and wants to credit yours at 20 or 30 % back of bid.
True story on some cheap stuff: I was set up at a show one time had a page of the 1999 minus 1 of the canadien quarters all unc's. there was a lady that was trying to finish her set at one end pf the table and a (brief case dealer) at the other end that had the one I was missing so I asked how much he wanted for it because she needed it for the set. He whipped out his redbook and said book says $10 so how about $7. So what do I do Well I laughed and said I'm selling them for 50 cents apiece why on earth would I pay you $7 for one and walked away. So what have we learned It's a two way street. >>
Canadian coin prices are not quoted in the Red Book.
<< <i>True story on some cheap stuff: I was set up at a show one time had a page of the 1999 minus 1 of the canadien quarters all unc's. there was a lady that was trying to finish her set at one end pf the table and a (brief case dealer) at the other end that had the one I was missing so I asked how much he wanted for it because she needed it for the set. He whipped out his redbook and said book says $10 so how about $7. So what do I do Well I laughed and said I'm selling them for 50 cents apiece why on earth would I pay you $7 for one and walked away. So what have we learned It's a two way street. >>
Prices for Canadian quarters are in the Red Book (Guidebook of United States Coins)?
Numismatist Ordinaire See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR! >>
That's why you don't sell specialty items to general dealers. >>
Precisely.
If you don’t want to have your gears ground, then don’t try to sell specialist material to generalist dealers, and don’t try to sell items to dealers that are not within their specialty.
When I was dealer, I didn’t buy and sell toned Morgan dollars. I would not make offers one them. If you twisted my arm for an offer I would have given you “gear grinding” price. Conversely if you had offered me a rare Civil War token, I would have paid a good deal more than most any of the dealers who marketed toned Morgan dollars.
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it. >>
You know what really grinds my gears? When people don't read. I already clarified this. I only take my toners to those with tons of nice toners in their cases, not general dealers.
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR! >>
That's why you don't sell specialty items to general dealers. >>
Precisely.
If you don’t want to have your gears ground, then don’t try to sell specialist material to generalist dealers, and don’t try to sell items to dealers that are not within their specialty.
When I was dealer, I didn’t buy and sell toned Morgan dollars. I would not make offers one them. If you twisted my arm for an offer I would have given you “gear grinding” price. Conversely if you had offered me a rare Civil War token, I would have paid a good deal more than most any of the dealers who marketed toned Morgan dollars.
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it. >>
You know what really grinds my gears? When people don't read. I already clarified this. I only take my toners to those with tons of nice toners in their cases, not general dealers.
-Paul >>
There are a good number of guys with cases full of toners who are very much one way dealers. Several come to mind and one in particular stands out. I remember taking a nicely toned Lincoln to him that I bought cheap over the counter and wanted to flip. I showed it to him and he oooed and ahhhed about the toning and how nice it was. Without naming or implying a price I asked if he was interested and he said that the coin was too expensive. It left me scratching my head because without toning it was a $25 coin and I was looking for $50 on it. Oh well.
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR! >>
That's why you don't sell specialty items to general dealers. >>
Precisely.
If you don’t want to have your gears ground, then don’t try to sell specialist material to generalist dealers, and don’t try to sell items to dealers that are not within their specialty.
When I was dealer, I didn’t buy and sell toned Morgan dollars. I would not make offers one them. If you twisted my arm for an offer I would have given you “gear grinding” price. Conversely if you had offered me a rare Civil War token, I would have paid a good deal more than most any of the dealers who marketed toned Morgan dollars.
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it. >>
Well, maybe that tells you something about the toner market. It would not be the first example of a "roach motel" situation when you it's easy check in, but darn hard to check out with all or most of your money.
You know what really grinds my gears? When people don't read. I already clarified this. I only take my toners to those with tons of nice toners in their cases, not general dealers.
-Paul >>
There are a good number of guys with cases full of toners who are very much one way dealers. Several come to mind and one in particular stands out. I remember taking a nicely toned Lincoln to him that I bought cheap over the counter and wanted to flip. I showed it to him and he oooed and ahhhed about the toning and how nice it was. Without naming or implying a price I asked if he was interested and he said that the coin was too expensive. It left me scratching my head because without toning it was a $25 coin and I was looking for $50 on it. Oh well. >>
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR! >>
That's why you don't sell specialty items to general dealers. >>
Precisely.
If you don’t want to have your gears ground, then don’t try to sell specialist material to generalist dealers, and don’t try to sell items to dealers that are not within their specialty.
When I was dealer, I didn’t buy and sell toned Morgan dollars. I would not make offers one them. If you twisted my arm for an offer I would have given you “gear grinding” price. Conversely if you had offered me a rare Civil War token, I would have paid a good deal more than most any of the dealers who marketed toned Morgan dollars.
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it. >>
Well, maybe that tells you something about the toner market. It would not be the first example of a "roach motel" situation when you it's easy check in, but darn hard to check out with all or most of your money.
You know what really grinds my gears? When people don't read. I already clarified this. I only take my toners to those with tons of nice toners in their cases, not general dealers.
-Paul >>
There are a good number of guys with cases full of toners who are very much one way dealers. Several come to mind and one in particular stands out. I remember taking a nicely toned Lincoln to him that I bought cheap over the counter and wanted to flip. I showed it to him and he oooed and ahhhed about the toning and how nice it was. Without naming or implying a price I asked if he was interested and he said that the coin was too expensive. It left me scratching my head because without toning it was a $25 coin and I was looking for $50 on it. Oh well. >>
1) Dealers who are out and out rude to me and 2) Dealers who ignore me when I am in front of their table, wanting to look at a coin, because they are "too busy" talking to their friends (the latter are not people who are also in front of their table looking at coins).
There are other dealers from whom I rarely buy coins because they charge full retail, and I don't think it is necessary for me to pay their high prices, but I don't harbor any animosity toward them.
The first two types of dealers are individuals / entities from whom I will never buy any coins under any circumstances. Oni su šupci. >>
Huh, so that's happened to someone other than just me??
You know what really grinds my gears? Whiny threads by whiny collectors or dealer wannabes who think every single deal they do has to go 130% their way or else the other guy is a crook. It doesn't matter if the dealer already has 6 trays of them in stock he isn't selling, has no local market for them, or just plain doesn't deal in them... Regardless, the dealer HAS to make an offer and it HAS to be what the SELLER thinks it is worth, if not more- or else they're Hitler.
Edit to add: Below is the best post of the thread:
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it.
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR!
You guys have anything coin-related that annoys you? >>
On the flip side it happens when a collector pulls out their slightly crescented or ugly toned coins for an offer and want an obscene premium for a coin that is realistically worth a slight to no premium. They see isolated examples of toned coins selling for large premiums and believe theirs are on equal footing. Most do not realize more often than not toning actually decreases the value of their coin.
Follow me on Twitter @wtcgroup Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR!
You guys have anything coin-related that annoys you? >>
On the flip side it happens when a collector pulls out their slightly crescented or ugly toned coins for an offer and want an obscene premium for a coin that is realistically worth a slight to no premium. They see isolated examples of toned coins selling for large premiums and believe theirs are on equal footing. Most do not realize more often than not toning actually decreases the value of their coin. >>
Yes, going by the pictures I've seen here an elsewhere, there are a lot of guys who don't have much an eye for attractive toning. Part of the reason fot he premiums is that beautiful toning is scarce. Ugly toning can be found all over the place and also can come from a bottle, a jar of sufur or a fry pan.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Comments
<< <i>3) People who refuse to answer about what they are looking for and then complain that the product is not in front of them >>
Maybe because a lot of dealers will jack up the price if they know the customer is interested?
Just my 2¢
<< <i>Gets me when a dealer wants GS Ask plus 10 or 20 % for his and
wants to credit yours at 20 or 30 % back of bid.
True story on some cheap stuff: I was set up at a show one time had a page of the 1999 minus 1 of the canadien quarters all unc's. there was a lady that was trying to finish her set at one end pf the table and a (brief case dealer) at the other end that had the one I was missing so I asked how much he wanted for it because she needed it for the set. He whipped out his redbook and said book says $10 so how about $7. So what do I do Well I laughed and said I'm selling them for 50 cents apiece why on earth would I pay you $7 for one and walked away. So what have we learned It's a two way street. >>
Canadian coin prices are not quoted in the Red Book.
<< <i>True story on some cheap stuff: I was set up at a show one time had a page of the 1999 minus 1 of the canadien quarters all unc's. there was a lady that was trying to finish her set at one end pf the table and a (brief case dealer) at the other end that had the one I was missing so I asked how much he wanted for it because she needed it for the set. He whipped out his redbook and said book says $10 so how about $7. So what do I do Well I laughed and said I'm selling them for 50 cents apiece why on earth would I pay you $7 for one and walked away. So what have we learned It's a two way street. >>
Prices for Canadian quarters are in the Red Book (Guidebook of United States Coins)?
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>Canadian coin prices are not quoted in the Red Book >>
Please forgive me It was a price guide to canadien coins very similar to the red book. It was just a quick reference to the situation.
<< <i>Please forgive me It was a price guide to canadien coins very similar to the red book. It was just a quick reference to the situation. >>
Referred to as Charlton's.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
<< <i>
<< <i>
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR! >>
That's why you don't sell specialty items to general dealers. >>
Precisely.
If you don’t want to have your gears ground, then don’t try to sell specialist material to generalist dealers, and don’t try to sell items to dealers that are not within their specialty.
When I was dealer, I didn’t buy and sell toned Morgan dollars. I would not make offers one them. If you twisted my arm for an offer I would have given you “gear grinding” price. Conversely if you had offered me a rare Civil War token, I would have paid a good deal more than most any of the dealers who marketed toned Morgan dollars.
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it. >>
You know what really grinds my gears? When people don't read. I already clarified this. I only take my toners to those with tons of nice toners in their cases, not general dealers.
-Paul
<< <i>
<< <i>
<< <i>
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR! >>
That's why you don't sell specialty items to general dealers. >>
Precisely.
If you don’t want to have your gears ground, then don’t try to sell specialist material to generalist dealers, and don’t try to sell items to dealers that are not within their specialty.
When I was dealer, I didn’t buy and sell toned Morgan dollars. I would not make offers one them. If you twisted my arm for an offer I would have given you “gear grinding” price. Conversely if you had offered me a rare Civil War token, I would have paid a good deal more than most any of the dealers who marketed toned Morgan dollars.
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it. >>
You know what really grinds my gears? When people don't read. I already clarified this. I only take my toners to those with tons of nice toners in their cases, not general dealers.
-Paul >>
There are a good number of guys with cases full of toners who are very much one way dealers. Several come to mind and one in particular stands out. I remember taking a nicely toned Lincoln to him that I bought cheap over the counter and wanted to flip. I showed it to him and he oooed and ahhhed about the toning and how nice it was. Without naming or implying a price I asked if he was interested and he said that the coin was too expensive. It left me scratching my head because without toning it was a $25 coin and I was looking for $50 on it. Oh well.
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR! >>
That's why you don't sell specialty items to general dealers. >>
Precisely.
If you don’t want to have your gears ground, then don’t try to sell specialist material to generalist dealers, and don’t try to sell items to dealers that are not within their specialty.
When I was dealer, I didn’t buy and sell toned Morgan dollars. I would not make offers one them. If you twisted my arm for an offer I would have given you “gear grinding” price. Conversely if you had offered me a rare Civil War token, I would have paid a good deal more than most any of the dealers who marketed toned Morgan dollars.
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it. >>
Well, maybe that tells you something about the toner market. It would not be the first example of a "roach motel" situation when you it's easy check in, but darn hard to check out with all or most of your money.
You know what really grinds my gears? When people don't read. I already clarified this. I only take my toners to those with tons of nice toners in their cases, not general dealers.
-Paul >>
There are a good number of guys with cases full of toners who are very much one way dealers. Several come to mind and one in particular stands out. I remember taking a nicely toned Lincoln to him that I bought cheap over the counter and wanted to flip. I showed it to him and he oooed and ahhhed about the toning and how nice it was. Without naming or implying a price I asked if he was interested and he said that the coin was too expensive. It left me scratching my head because without toning it was a $25 coin and I was looking for $50 on it. Oh well. >>
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR! >>
That's why you don't sell specialty items to general dealers. >>
Precisely.
If you don’t want to have your gears ground, then don’t try to sell specialist material to generalist dealers, and don’t try to sell items to dealers that are not within their specialty.
When I was dealer, I didn’t buy and sell toned Morgan dollars. I would not make offers one them. If you twisted my arm for an offer I would have given you “gear grinding” price. Conversely if you had offered me a rare Civil War token, I would have paid a good deal more than most any of the dealers who marketed toned Morgan dollars.
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it. >>
Well, maybe that tells you something about the toner market. It would not be the first example of a "roach motel" situation when you it's easy check in, but darn hard to check out with all or most of your money.
You know what really grinds my gears? When people don't read. I already clarified this. I only take my toners to those with tons of nice toners in their cases, not general dealers.
-Paul >>
There are a good number of guys with cases full of toners who are very much one way dealers. Several come to mind and one in particular stands out. I remember taking a nicely toned Lincoln to him that I bought cheap over the counter and wanted to flip. I showed it to him and he oooed and ahhhed about the toning and how nice it was. Without naming or implying a price I asked if he was interested and he said that the coin was too expensive. It left me scratching my head because without toning it was a $25 coin and I was looking for $50 on it. Oh well. >>
>>
That's true.
-Paul
<< <i>The only things that get me annoyed are:
1) Dealers who are out and out rude to me and
2) Dealers who ignore me when I am in front of their table, wanting to look at a coin, because they are "too busy" talking to their friends (the latter are not people who are also in front of their table looking at coins).
There are other dealers from whom I rarely buy coins because they charge full retail, and I don't think it is necessary for me to pay their high prices, but I don't harbor any animosity toward them.
The first two types of dealers are individuals / entities from whom I will never buy any coins under any circumstances. Oni su šupci. >>
Huh, so that's happened to someone other than just me??
Whiny threads by whiny collectors or dealer wannabes who think every single deal they do has to go 130% their way or else the other guy is a crook.
It doesn't matter if the dealer already has 6 trays of them in stock he isn't selling, has no local market for them, or just plain doesn't deal in them...
Regardless, the dealer HAS to make an offer and it HAS to be what the SELLER thinks it is worth, if not more- or else they're Hitler.
Edit to add: Below is the best post of the thread:
Dealers are under no obligation to buy coins from you at the prices you think they are worth. A dealer has to make a profit to stay in business. If something does not fit within a dealer’s business plan he has not good reason to buy it.
RIP Mom- 1932-2012
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR!
You guys have anything coin-related that annoys you? >>
On the flip side it happens when a collector pulls out their slightly crescented or ugly toned coins for an offer and want an obscene premium for a coin that is realistically worth a slight to no premium. They see isolated examples of toned coins selling for large premiums and believe theirs are on equal footing. Most do not realize more often than not toning actually decreases the value of their coin.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>
<< <i>When you're showing a dealer a really nice common-date Morgan toner and they pull out their Greysheet. Hello, you're paying for the COLOR!
You guys have anything coin-related that annoys you? >>
On the flip side it happens when a collector pulls out their slightly crescented or ugly toned coins for an offer and want an obscene premium for a coin that is realistically worth a slight to no premium. They see isolated examples of toned coins selling for large premiums and believe theirs are on equal footing. Most do not realize more often than not toning actually decreases the value of their coin. >>
Yes, going by the pictures I've seen here an elsewhere, there are a lot of guys who don't have much an eye for attractive toning. Part of the reason fot he premiums is that beautiful toning is scarce. Ugly toning can be found all over the place and also can come from a bottle, a jar of sufur or a fry pan.