Price On Request.....WHY?

AnkurJ

I've seen a handful of dealer sites that use POR for certain items. I'm trying to understand what the logic is. And to be clear, I'm not talking about 6 and 7 figure coins. In my opinion doing this can drive a customer away.

Please enlighten me.

messydesk

1. On consignment for a price that's not that reasonable, but the dealer agreed to take it, anyway.
2. Not back from grading.
3. Wants to actually make contact with people that might be interested.

Justacommeman

<< <i>I've seen a handful of dealer sites that use POR for certain items. I'm trying to understand what the logic is. And to be clear, I'm not talking about 6 and 7 figure coins. In my opinion doing this can drive a customer away.

Please enlighten me. >>



There is usually a story with that coin

Messydesk's response is solid

I doubt you are going down this road but some will use POR on generic gold items that can change daily with published bids.

MJ

coinkat

Agreed- it sends the wrong message to the buyer

LanceNewmanOCC

<< <i>I've seen a handful of dealer sites that use POR for certain items. I'm trying to understand what the logic is. And to be clear, I'm not talking about 6 and 7 figure coins. In my opinion doing this can drive a customer away.

Please enlighten me. >>



this is synonymous with the thread about dealer booths where items aren't priced for the potential customers to see.

the only way i really back off of either is if the dealer and/or their help at their booths/sites/shops shows they LITERALLY bend over backwards for potential/actual clients. i've adopted and been refining doing this for my customers. If you take care of them, they take care of you is my philosophy.

one begins to realize later in life, peace of mind at the end of the day is actually more valuable than all the other BS.

a suggestion for sites that have POR, is to have a smart/touch phone that beeps or whatever when emails come in from clients requesting the POR. I've done this recently and can respond to clients, literally within seconds. Once they know they can rely on your prompt response, they should be a bit happier. I've not officially done a study on happy customers, but I bet a happy customer spends more money.
.

mozin

I have no problem with dealers listing coins POR. It simply means that I can move on to the next item. I never ask for the POR.

Staircoins

I've sold coins & currency since 1988, and in that time marked only a single item 'POR'.

It was because I felt the item had unusual characteristics - not readily apparent to the casual observer - that warranted a discussion to explain the price I was asking.

(It was a condition census CSA banknote.)

The note sold, and I got my price.

TwoSides2aCoin

"Price On Request.....WHY?"

... because demanding payment is not nice.

PTVETTER

Price on request ..... Why not?
Some coins are way over sheet and well worth it.
Sometimes POR separates the knowledgeable from the less knowledgeable.
Less hassle!

PerryHall

<< <i>1. On consignment for a price that's not that reasonable, but the dealer agreed to take it, anyway.
2. Not back from grading.
3. Wants to actually make contact with people that might be interested. >>


4. Too embarassed to publish their asking price.

AnkurJ

<< <i>

<< <i>1. On consignment for a price that's not that reasonable, but the dealer agreed to take it, anyway.
2. Not back from grading.
3. Wants to actually make contact with people that might be interested. >>



4. Too embarassed to publish their asking price. >>



BINGO! That and they don't want others to know how much they were able to sell a coin to an unknowing buyer for.

In regards to having each coin priced on the slab at shows. Ive seen many coins priced behind the slab. Too many stickers on the slab can be distracting.

abitofthisabitofthat

POR is sometimes used if a coin is out on approval to another collector. You don't want to pull the coin from your website and lose exposure, but you can't put a price or someone may buy it outright. POR allows the dealer to explain the situation, when you call to enquire.

LindeDad

I've always wondered if they just haven't done their home work yet when I see it.

I also usually think over my head and just move on also.

Cocoinut

5. The seller ripped off the person that sold him the coin, and he doesn't want that person to know what a killing he's making on it.

A bit cynical, perhaps, but no doubt true in some cases.

Jim

PerryHall

<< <i>POR is sometimes used if a coin is out on approval to another collector. You don't want to pull the coin from your website and lose exposure, but you can't put a price or someone may buy it outright. POR allows the dealer to explain the situation, when you call to enquire. >>



Usually they have "On hold" in their listing for this situation.

AnkurJ

<< <i>

<< <i>POR is sometimes used if a coin is out on approval to another collector. You don't want to pull the coin from your website and lose exposure, but you can't put a price or someone may buy it outright. POR allows the dealer to explain the situation, when you call to enquire. >>



Usually they have "On hold" in their listing for this situation. >>



I just write sale pending on my site.

mrpotatoheadd

<< <i>

<< <i>

<< <i>1. On consignment for a price that's not that reasonable, but the dealer agreed to take it, anyway.
2. Not back from grading.
3. Wants to actually make contact with people that might be interested. >>



4. Too embarassed to publish their asking price. >>



BINGO! That and they don't want others to know how much they were able to sell a coin to an unknowing buyer for. >>

You know, if people didn't assume that dealers were just naturally out to screw them and instead might have reasonable explanations for the way they run their businesses, they might be willing to post here about them and everybody could learn something.

Or people could just keep up with the snarky comments and reinforce the idea that it's not worth a dealer's trouble to respond to these sorts of inquiries. Your choice, I guess.

Justacommeman

<< <i>

<< <i>

<< <i>1. On consignment for a price that's not that reasonable, but the dealer agreed to take it, anyway.
2. Not back from grading.
3. Wants to actually make contact with people that might be interested. >>



4. Too embarassed to publish their asking price. >>



BINGO! That and they don't want others to know how much they were able to sell a coin to an unknowing buyer for.

>>



That is way too broad a stroke with your cynical paint brush. MJ

RB1026

I have to say I have never liked this listing method as a collector and won't use it as a dealer. If/when I come across it I tend to simply skip on to the next item. In the few instances I have ever taken the time to inquire, the price was so far beyond what I believed the market price to be it was laughable. I'm not saying this is always the case, or that every seller who uses "POR" is overpriced, just saying that due to my experience with "POR" I tend to just move on.

Unknown

This content has been removed.

lkeigwin

POR = "Let's talk".

The dealer figures there's something special. You should figure there's something expensive.
Lance.

BAJJERFAN

Piece of rubbish?

DIMEMAN

I always to it to mean.....If you have to ask - you can't afford it.

Coinerww2

There is one dealer that came to mind when I saw this and I've purchased from them in the past and been very pleased. They only have POR on buillion coins though ($20 gold pieces).

AnkurJ

<< <i>

<< <i>

<< <i>

<< <i>1. On consignment for a price that's not that reasonable, but the dealer agreed to take it, anyway.
2. Not back from grading.
3. Wants to actually make contact with people that might be interested. >>



4. Too embarassed to publish their asking price. >>



BINGO! That and they don't want others to know how much they were able to sell a coin to an unknowing buyer for. >>

You know, if people didn't assume that dealers were just naturally out to screw them and instead might have reasonable explanations for the way they run their businesses, they might be willing to post here about them and everybody could learn something.

Or people could just keep up with the snarky comments and reinforce the idea that it's not worth a dealer's trouble to respond to these sorts of inquiries. Your choice, I guess. >>



Looking at it again, you're correct, my comment is way too much of a generalization. And I agree that not all dealers are out to screw the collector.

Lakesammman

I work with an art dealer and POR works this way with him. Don't know if it generalizes to coins........

Loyal customer - he will get to handle it again - lower price.

Another dealer - one time deal - higher price.

pruebas

Do you avoid the lobster when the Italian restaurant puts "Market Price" next to it on the menu?

astrorat

<< <i>BINGO! That and they don't want others to know how much they were able to sell a coin to an unknowing buyer for. >>

Wow ... that sounds a little bitter. Why assume only the ignorant buy coins with a POR?

291fifth

POR = PASS

ElmerFusterpuck

If I see a lot of inventory marked this way, I'll just move on.

It reminds me of restaurants that have "Market Price" next to an item. I understand that for lobster and some other major entrees. I left a restaurant once that had "Market Price" for vegetable soup and many other appetizers that should have been low priced items.

PerryHall

<< <i>I work with an art dealer and POR works this way with him. Don't know if it generalizes to coins........

Loyal customer - he will get to handle it again - lower price.

Another dealer - one time deal - higher price. >>



Why not just list the retail price and then discount the actual selling price based on the particular customer?

TwoSides2aCoin

Buy the coin, not the mystery surrounding it.

PerryHall

<< <i>Do you avoid the lobster when the Italian restaurant puts "Market Price" next to it on the menu? >>



Of course not. Bullion coins such as AGE's and AGE's would be the same---prices are tied to the current market which can fluctuate. This is understandable. Most collector coins are not like this though and their value doesn't fluctuate over a short time frame.

mrpotatoheadd

<< <i>Why not just list the retail price and then discount the actual selling price based on the particular customer? >>

I'm sure that option has been considered but for some reason, not used. Unfortunately, with attitudes like this being expressed on this forum on such a regular basis:

"4. Too embarassed to publish their asking price."

I would imagine it's unlikely that many dealers would want to take the time to offer an actual explanation. I mean- if they're already being insulted before anyone even hearing why they do what they do, what's the point?

erickso1

I see similarities in POR with some internet prices. There are websites (travel, air, etc) that use cookies in internet browsers to tailor a price to that specific customer based upon visitations, tastes, etc.

The price customer A gets might not be the price customer B gets. And each price is "published" unique to each customer.

As for the actual question? It doesn't really bother me. If I feel like calling I will. The one I don't like is Picture on Request.

johnny9434

<< <i>Price on request ..... Why not?
Some coins are way over sheet and well worth it.
Sometimes POR separates the knowledgeable from the less knowledgeable.
Less hassle! >>

it makes sense to me but still makes me wonder as well. just saying

Unknown

This content has been removed.

Senex

POR = Probably Over-Rated

SmEagle1795

<< <i>The one I don't like is Picture on Request. >>



Ugh. Agreed 100%

telephoto1

<< <i>

<< <i>

<< <i>

<< <i>1. On consignment for a price that's not that reasonable, but the dealer agreed to take it, anyway.
2. Not back from grading.
3. Wants to actually make contact with people that might be interested. >>



4. Too embarassed to publish their asking price. >>



BINGO! That and they don't want others to know how much they were able to sell a coin to an unknowing buyer for. >>


You know, if people didn't assume that dealers were just naturally out to screw them and instead might have reasonable explanations for the way they run their businesses, they might be willing to post here about them and everybody could learn something.

Or people could just keep up with the snarky comments and reinforce the idea that it's not worth a dealer's trouble to respond to these sorts of inquiries. Your choice, I guess. >>



Best post of the thread.^
Just because one either doesn't know or can't understand the reason behind why a dealer does something does not by default mean that he is up to something nefarious.
POR means different things to different people and is used for different reasons. Sometimes it's simply to attract attention. And it works.

leothelyon

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>1. On consignment for a price that's not that reasonable, but the dealer agreed to take it, anyway.
2. Not back from grading.
3. Wants to actually make contact with people that might be interested. >>



4. Too embarassed to publish their asking price. >>



BINGO! That and they don't want others to know how much they were able to sell a coin to an unknowing buyer for. >>


You know, if people didn't assume that dealers were just naturally out to screw them and instead might have reasonable explanations for the way they run their businesses, they might be willing to post here about them and everybody could learn something.

Or people could just keep up with the snarky comments and reinforce the idea that it's not worth a dealer's trouble to respond to these sorts of inquiries. Your choice, I guess. >>



Best post of the thread.^
Just because one either doesn't know or can't understand the reason behind why a dealer does something does not by default mean that he is up to something nefarious.
POR means different things to different people and is used for different reasons. Sometimes it's simply to attract attention. And it works. >>



While some good points have been made, with 6.5 billion people in the world, I've often wonder why there are only 60 to 70, the same people here always having their say, day in and day out.