Why coin dealers drink...Part CCCCXXXI
CaptHenway
Posts: 32,286 ✭✭✭✭✭
Posted on the dealer-to-dealer network Saturday afternoon:
"Guy walks in first thing this morning looking
to sell his fathers coin collection - a few grand and 15 minutes
for the time invested...EXCEPT...this guy needs to "present" each
piece along with the family's story behind it. Regardless, he
doesn't sell - fast forward to a couple of minutes ago - same guy,
same collection - I figure "He's back and wants to sell it"
Noooo he's back, but he goes into his spiel again as if he hadn't
been here 6 hours ago. So I let him talk himself out before I
remind him that he's already been here, I've already worked up the
deal and he's already turned down my offer. He wasn't happy."
"Guy walks in first thing this morning looking
to sell his fathers coin collection - a few grand and 15 minutes
for the time invested...EXCEPT...this guy needs to "present" each
piece along with the family's story behind it. Regardless, he
doesn't sell - fast forward to a couple of minutes ago - same guy,
same collection - I figure "He's back and wants to sell it"
Noooo he's back, but he goes into his spiel again as if he hadn't
been here 6 hours ago. So I let him talk himself out before I
remind him that he's already been here, I've already worked up the
deal and he's already turned down my offer. He wasn't happy."
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.
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The pedigree of ________
The ________ mini-hoard
I imagine these are the "driven only to church on Sunday" stories...
Liberty: Parent of Science & Industry
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Funny. I would have offered a little less than before, and waited for him to tell me that he had already received a higher offer. Then, I would have advised him to run back to the other guy and take the offer. >>
And probably thinks that every dealer low-balled him and they are all conspiring against him.
What happens in such cases? Do the coins just sit forever? Or does the owner finally say uncle?
Now instead of drinking, I just watch people take the trash. It's kind of a cheap thrill, but fun just the same.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Funny. I would have offered a little less than before, and waited for him to tell me that he had already received a higher offer. Then, I would have advised him to run back to the other guy and take the offer. >>
This made me snort coffee out my nose!
A fellow came to the table with a small collection with a story for each coin. I was half-listening as I tallied up an offer which he rejected as far too little and moved on. A couple hours later, as I was returning to the table, I saw he was talking to Dad. I carefully placed my tally list where Dad could see it, he kinda smiled, let the guy finish and offered him $100 less.
The guy fussed a bit, said he was going back to the "only guy who offered me a halfway decent price." Got up from the table, stepped into the aisle and looked around for that guy. By the time he turned fully around, i was standing up next to my father, with the amount I'd offered in hand.
He looked a little sheepish and we finished the deal.
<< <i>Reminds me of an incident when I was helping my father at the Albany, N.Y. show.
A fellow came to the table with a small collection with a story for each coin. I was half-listening as I tallied up an offer which he rejected as far too little and moved on. A couple hours later, as I was returning to the table, I saw he was talking to Dad. I carefully placed my tally list where Dad could see it, he kinda smiled, let the guy finish and offered him $100 less.
The guy fussed a bit, said he was going back to the "only guy who offered me a halfway decent price." Got up from the table, stepped into the aisle and looked around for that guy. By the time he turned fully around, i was standing up next to my father, with the amount I'd offered in hand.
He looked a little sheepish and we finished the deal. >>
<< <i>Funny. I would have offered a little less than before, and waited for him to tell me that he had already received a higher offer. Then, I would have advised him to run back to the other guy and take the offer. >>