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It finally happened to me in Pittsburgh.....

This probably belongs in the "why coin dealers drink" thread but......

On Saturday I had a "customer" come over to the table and asked to look at a few Fugio coppers. He seemed like he knew Fugios a bit but had a lot of questions which frankly we love to get and answer.

So we discussed two pieces specifically after looking at 5-6. He asked the prices. I said 1750 for this one and 2350 for that one. He pondered for awhile and then said I'll take the one for 1750. He then pulled out a $20 and asked if I had change. Frankly I was amazed as this person seemed to know some history and asked good questions.

I have been waiting for years for this to happen and I figured it would never happen to me, but never say never!

New England Rarities...Dealer In Colonial Coinage and Americana

Comments

  • RampageRampage Posts: 9,476 ✭✭✭✭✭
    Some people just honestly don't know.



  • halfcentmanhalfcentman Posts: 1,498 ✭✭✭


    << <i>This probably belongs in the "why coin dealers drink" thread but......

    On Saturday I had a "customer" come over to the table and asked to look at a few Fugio coppers. He seemed like he knew Fugios a bit but had a lot of questions which frankly we love to get and answer.

    So we discussed two pieces specifically after looking at 5-6. He asked the prices. I said 1750 for this one and 2350 for that one. He pondered for awhile and then said I'll take the one for 1750. He then pulled out a $20 and asked if I had change. Frankly I was amazed as this person seemed to know some history and asked good questions.

    I have been waiting for years for this to happen and I figured it would never happen to me, but never say never! >>



    This happened to me several times when I first started doing sports card shows in the mid-late 1980's.

    Even then, a 1951 Bowman Mantle (his true rookie) was in the four figures. I said 3550 twice, and both times the people gave me $40.00!
  • MidLifeCrisisMidLifeCrisis Posts: 10,547 ✭✭✭✭✭
    How did he respond/react when you told him the actual amount?
  • NewEnglandRaritiesNewEnglandRarities Posts: 1,134 ✭✭✭✭


    << <i>How did he respond/react when you told him the actual amount? >>



    He actually was apologetic but seemed very confused why an old coin that was raw and not uncirculated would cost so much. Maybe he thought I was crazy. He basically left within 20 seconds of my "counter offer" image
    New England Rarities...Dealer In Colonial Coinage and Americana
  • Just goes to show you, always have change ready or you may lose a sale.
  • DoubleEagle59DoubleEagle59 Posts: 8,334 ✭✭✭✭✭


    << <i>This probably belongs in the "why coin dealers drink" thread but......

    On Saturday I had a "customer" come over to the table and asked to look at a few Fugio coppers. He seemed like he knew Fugios a bit but had a lot of questions which frankly we love to get and answer.

    So we discussed two pieces specifically after looking at 5-6. He asked the prices. I said 1750 for this one and 2350 for that one. He pondered for awhile and then said I'll take the one for 1750. He then pulled out a $20 and asked if I had change. Frankly I was amazed as this person seemed to know some history and asked good questions.

    I have been waiting for years for this to happen and I figured it would never happen to me, but never say never! >>



    Oh boy!!

    What is he really doing there in the first place?
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • BryceMBryceM Posts: 11,802 ✭✭✭✭✭
    ....... a bit off topic, but a similar story. My dad wanted some new binoculars for Christmas. He told my mom the make & model. Swarovski 10x50s, as it turns out. She picked up a set and asked the guy "how much". He said "Twenty-four fifty". She repsonds, "I must have the wrong ones, he would want nicer ones than that." The guy responds, "Two thousand, four hundred, fifty dollars."

    Dad got socks and a sweater that year.

    Actually I feel bad for the poor guy looking at the Fugios. There is no graceful way to extricate yourself from such a mess.
  • FilamCoinsFilamCoins Posts: 1,899 ✭✭✭

    Too funny!

  • CoinosaurusCoinosaurus Posts: 9,631 ✭✭✭✭✭


    << <i>
    Actually I feel bad for the poor guy looking at the Fugios. There is no graceful way to extricate yourself from such a mess. >>



    About the only thing the dealer could do is produce a Gallery Mint repro and offer it at a similar price.
  • GoldbullyGoldbully Posts: 17,497 ✭✭✭✭✭
    Great moment in numismatic history!!!
    Thanks for sharing!!!!!!!!!!!!!

    image
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Too funny.

    You should have said one thousand seven hundred fifty dollars instead of just 1750. You got the newbie all excited.image
  • truthtellertruthteller Posts: 1,240 ✭✭
    I had a reverse situation with a dealer. He set up at a southern CA show, small but busy. He had a nice selection of lincolns cents. A coin caught my eye. 1922D 1C, RAW brown unc/ch unc. about $50-$75 coin. I asked to see the coin and asked a price. He quoted $25...... and hesitated, with me in my head saying, $25 is a good deal. Then he completed the $25 with the word "hundred". I was a bit dazed for a second and repeated $2500? I quickly said thanks, but no thanks. The dealer said, "are we close?", and I said "no". He asked if I wanted to make a counter offer, and I said, "no". He looked puzzled.

    BTW PCGS65RD greysheet was $2500 at the time.



    TRUTH
  • stealerstealer Posts: 4,007 ✭✭✭✭


    << <i>Just goes to show you, always have change ready or you may lose a sale. >>


    Wise words here...


    image
  • pennyanniepennyannie Posts: 3,929 ✭✭✭
    My wife and i lived on pork and beans for a month in 2001. She asked me what i wanted for my anniversary present. I told her a Yamaha Raptor, so she handed me the check book and said to go get it. She found out 3 or so dAYS later that a yamaha raptor was about $7500 dollars at that time. She tought $1500 would cover it. We did not hae any extra money for a month ot 2. lol
    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Haha
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • Maybe he had been looking at a REALLY old Redbook.
    Let's try not to get upset.
  • Same thing happened to me when I was 8. Was on family vacation and went into a place that sold scrimshaw. There was a whale tooth the lady told me was 250. I took $2.50 out of my pocket and tried to buy it. Everyone in the place laughed at me. Funny thing is today my parents say they should have bought it because it's worth a fortune. Hard to believe that was 40 years ago.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I have actually been at a coin show table (perusing the coins) when a similar thing happened.... the potential buyer got most upset when made aware of the actual price - an obvious neophyte, I remember he exclaimed "No coin can be worth that much, you are trying to rip me off." Then stormed away..... the dealer and I gave each other blank looks...then started to laugh. Cheers, RickO
  • CaptHenwayCaptHenway Posts: 32,287 ✭✭✭✭✭
    The bar is now open.........
    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.
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    Hey I just woke up from a nap and Im really not into copper to begin with.






























































    which is what I would say had it been me image
    image

    Go BIG or GO HOME. ©Bill
  • PTVETTERPTVETTER Posts: 5,971 ✭✭✭✭✭
    This happens at sooooo may shows, it has become common place.

    Educated mind want to know why?
    Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211


  • That was a perfect opportunity to provide some " quick " education and perhaps direct them to a local coin club and sites as this. Also, make sure they have your business card before they leave your table.
  • scotty1419scotty1419 Posts: 928 ✭✭✭
    Just out of curiosity, when you get asked for a price quote, do you say "thirty-five fifty" vs "three thousand and fifty" etc?

    To someone who isn't totally up on pricing for a coin, I can see how that can be confusing...
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    image

    Becky
  • krankykranky Posts: 8,709 ✭✭✭
    I think it happens because the only items that are openly priced are all relatively low priced - Silver Eagles, proof sets, etc. Now you have a novice coming to a show maybe for the first time, and every price he sees is under $100. There would be no basis for assuming any of the unpriced coins could cost thousands.

    New collectors, please educate yourself before spending money on coins; there are people who believe that using numismatic knowledge to rip the naïve is what this hobby is all about.

  • Lazy Americans, we all know $1750 is not pronounced seventeen fifty.

    Would you write that on a check?

    Don't get me wrong, I have done the same thing and quickly corrected my quote image






    I have a very strict gun control policy: if there's a gun around, I want to be in control of it - Clint Eastwood
  • johnny9434johnny9434 Posts: 28,504 ✭✭✭✭✭


    << <i>Some people just honestly don't know. >>

    imageimageimage sorry about all the emotion stuff. this isint my computer
  • pruebaspruebas Posts: 4,582 ✭✭✭✭✭


    << <i>Lazy Americans, we all know $1750 is not pronounced seventeen fifty.

    Would you write that on a check?

    Don't get me wrong, I have done the same thing and quickly corrected my quote image >>

    I've heard this in both Germany (in German) and in Mexico (in Spanish). Speaking numbers this way is not unique to Americans. True, we don't write numbers this way, and neither do the Germans nor the Mexicans.

    Edit: spelling
  • commacomma Posts: 1,528 ✭✭✭
    I think it's funny that if he thought those were the prices he wouldnt get the more expensive one image
  • shorecollshorecoll Posts: 5,445 ✭✭✭✭✭
    I don't think I've seen a Gallery Mint copy trade at those levels in a while. image
    ANA-LM, NBS, EAC
  • nencoinnencoin Posts: 1,250 ✭✭✭✭


    << <i>I think it's funny that if he thought those were the prices he wouldnt get the more expensive one image >>



    image

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