quick dealer turnover
Gazes
Posts: 2,315 ✭✭✭✭✭
I am always amazed at the difference in turnover rates among dealers. I think one can read many things into the turnover rates. Which dealers do you feel have the quickest turnover rates? My pick would be Doug Winter----seems like his coins go within a few days of being posted. Interested in hearing about others.
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They just don't want to sit on things too long.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Why do you think that is? Not only do collectors buy from his site, but several big wig national dealers do as well , because I have seen several coins pop up on dougs site, be sold in like a day, then over to one of the national boys on their sites.
jim
John Agre of CRO also seems to sell some of his NEWPS almost instantly.
I have also noticed Doug sells coins quickly.
John Agre of CRO also seems to sell some of his NEWPS almost instantly.
This is true I have failed on many attempts to buy a early bird coin
Industry standard is number of days in a year / number of days in inventory
So if your turn over all the inventory in 4 months, it would be 365 / 121 or about 3. Items over a year would be a turns ratio below 1.
When Ford bought into Mazda, Ford's turns ratio was between 3 and 4, or about every 90 - 120 days, they turned it over.
Mazda had a different level, with parts delivered directly to the assembly line from the supplier, no inspection, no warehouse, every few hours trucks would unload the needed items directly to the assembly line. Mazda's turn ratio was over 200, IIRC.
When I worked for Amazon as a Manufacturing Manager, my turns ratio was over 400, meaning, most of my stuff was manufactured, bagged and shipped the same day, and that included carrying an inventory of my top 27 sellers. Orders from the previous day totaled around 6 am, raw materials ordered by 7:30 am, trucks carrying material at the docks between 9:30 and 11:00, product on the manufacturing floor by 10:00 am, produced and bagged and shipped by 4:00 PM, an left over work for 2nd shift produced, bagged, labeled and on the dock for the AM pick up by FedEx, anywhere from 3 to 8 53' trailers.
Doug Winter's coins move the fastest because he is the best...he literally wrote the book on gold coins...and he only sells the best...probably his biggest problem at this point is acquiring inventory without sacrificing the quality...
Plus Doug has obviously resisted the temptation to raise his prices...if he is getting four emails to buy a coin in the first five minutes...that means more demand than supply...but he knows in the long term that would be bad for business...
But he still has a few here and there that sit....there's an 1839-D $5 that's been hanging around for a while...LOL...
Gazes -- I think a "few days" is more like a "few minutes" on the top stuff...like the 1846-C $2.50 I liked in the last round...