"Prices subject to change"

BLUEJAYWAY

due to market fluctuations in bullion or for single non-bullion coinage. Anyone here ever order a single coin/bullion from a mail order and have the price REDUCED due to a downward trend in the market. Or does this just give the mail order dealer an out to "raise" the price due to the ads lead time.

PerryHall

<< <i>due to market fluctuations in bullion or for single non-bullion coinage. Anyone here ever order a single coin/bullion from a mail order and have the price REDUCED due to a downward trend in the market. Or does this just give the mail order dealer an out to "raise" the price due to the ads lead time. >>



I can understand this policy with bullion related items. Call the dealer and lock in the price. The dealer will expect payment fairly soon. Better yet, pay for it by credit card over the phone and have him ship it out to you.

ricko

No, that has never occurred for me.... prices move up... quickly. Any downward movement is either ignored or occurs only after a significant, long term slide in bullion price. Cheers, RickO

BillJones

Coin prices have always been "sticky downward" as they are with many goods. Part of the reason is that the owners either don't want to take a loss, or they might believe that the price decline is temporary.

coinhack

From the wording of your headline and message it sounds like you are referring to printed matter such as Coin World or a Catalog that is pre-printed and would note that "Prices are subject to change". That makes sense for prices that are quoted days or weeks in advance. Not only bullion, but generic U.S. gold coins move up and down with the spot price of gold. If you purchased from a printed ad and sent an order by mail then I guess you are depending upon the honor of the dealer to be fair.

Thank goodness that with the internet you don't have to guess. All of the major precious metal dealers will give quotes on line and their inventory will adjust both up and down with any movement in the gold price. On a down day, you can watch the price of their inventory decline. And of course you can make your purchase and lock in the price in real time.

Cougar1978

Yes prices in printed media are subject to change as the ads are sent in months in advance sometimes. Often the seller will have a statement "Prices subject to change due to market conditions." Basically it means if BV rises they are not going to give away their stuff.