Home Precious Metals

Local dealer wont sell bullion till after election

After work last Thursday I stopped at a dealer I've been going to for a long time, mostly just to say Hi because it had been awhile.

As some of you may know, I love the art bars. I noticed he had a 3 piece Set that caught my eye in the display case. We haggled for a bit, then I whipped out my hand held computer (iPhone lol) and looked on eBay for sold listings. There were about 10-12 auctions that had showed the Set being sold. I took the avg. of all Sets sold and took 10% off (Ebay & Paypal fees if he were to sell on there, which he does). I made him that offer. He refused.



Really wanting the Set, I made him an offer of just the avg. of the Sets sold on eBay...not factoring in the 10% beatdown every eBay seller takes. He still said no, and his response was "the election and then Christmas are only a few months away, i'll get $100 more for this Set after the election then leading into Christmas." I jokingly said, you might, but what's $100 between friends and I'm here now with cash. He still said no.



The bottom line was he basically wasn't selling bullion, not even generic, because he thinks he will get significantly more within the next 3-4 months. He would've sold me generic, but at the price he thinks he will get in a few months.



Is anyone esle experiencing anything like this where you buy from B&M's?
To forgive is to free a prisoner, and to discover that prisoner was you.

Comments

  • chumleychumley Posts: 2,305 ✭✭✭✭
    did he happen to mention who he thinks will win that election?
  • rte592rte592 Posts: 1,662 ✭✭✭✭✭
    My local haunt is still selling at $5 over spot.

    I only cherry pick the odd stuff that shows up now and then at that price.

  • PerryHallPerryHall Posts: 46,107 ✭✭✭✭✭
    Can someone explain how the election results will affect the spot price of silver?

    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

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I can see holding some for the holidays...prices tend to rise a bit then. No idea what the election has to do with it...unless he figures the holiday season starts right after that. Cheers, RickO
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    Seems like a poor business model to refuse to sell inventory for 2 months on a hunch.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • jmski52jmski52 Posts: 22,814 ✭✭✭✭✭
    This might make some sense if the dealer is having a hard time replacing what he sells. If that's the case, maybe it's a good time to consider buying. My opinion is that a solid foundation of precious metals is a good idea. In relation to total net worth - that's a judgment call every individual has to make for himself.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Maybe the dealer is thinking, "if Pieces of Me wants to buy it, it must be Better Bullion and I can probably get a nice premium on Ebay"

    Liberty: Parent of Science & Industry

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: Baley

    Maybe the dealer is thinking, "if Pieces of Me wants to buy it, it must be Better Bullion and I can probably get a nice premium on Ebay"




    c'mon Baley, stop with the trolling. He saw the same thing I was looking at when checking the sold items of the Set on eBay, then he's going to get hit with 13% in fees and shipping costs.

    My final offer was the average of the 12 auctions, NOT factoring in the ~13% in fees, and he still would take it.



    Seems like a poor business model to refuse to sell inventory for 2 months on a hunch.




    Not likely, he's been around 40+ years in the business and lives quite comfortably.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Just friendly joshing, but if it's trolling to you, sorry, I'll refrain. It's just that there's not much else to chat about these days.



    Also, if he sold it on eBay, he'd also be doing all the work, on top of the fees. He should have sold them to you and put the cash to work.

    Liberty: Parent of Science & Industry

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: Baley

    Just friendly joshing, but if it's trolling to you, sorry, I'll refrain. It's just that there's not much else to chat about these days.



    Also, if he sold it on eBay, he'd also be doing all the work, on top of the fees. He should have sold them to you and put the cash to work.




    Yes he should've. Some stuff that I get for a good price I will flip it if I dont have any collector attachment to it, but this Set would've been kept. He wanted me to pay $100 more than it's really worth maybe because I showed my hand too soon that I wanted it...but not for $100 more than I can take my chances on eBay for it.



    As for waiting on the election, he didn't really elaborate and I didn't ask. I really think what he meant was that the Christmas shopping season will start right after that gets out of the way and people will have a better idea what kind of pain and suffering us Americans are in store for the next 4 years, at least.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • MsMorrisineMsMorrisine Posts: 33,006 ✭✭✭✭✭
    What's his buy price? image
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Rooster1Rooster1 Posts: 381 ✭✭✭
    Maybe you should have paid the extra 100 dollars. After all, whats an extra 100 between friends.
    for a set you really want to keep?
    Successful deals with:Ciccio-Nibanny, Wondercoin, Republicaninmass, Utahcoin, Abitofthisabitofthat, Doubleeagles59, Peaceman
  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭
    Originally posted by: Rooster1
    Maybe you should have paid the extra 100 dollars. After all, whats an extra 100 between friends.
    for a set you really want to keep?


    Well played Rooster1 image

  • WildIdeaWildIdea Posts: 1,877 ✭✭✭✭✭
    Lots of folks want tomorrow's price today. In coins, metals, cars, houses, land etc. It doesn't mean you have to buy it. Again, there is so much STUFF to buy in the world, I try not to get too attached and move on. Particularly if I feel a person is gloating or enjoying to toy with me withholding a sale. Ill keep my money for a deal that I don't have to force, and usually they're right around the corner.
  • BLUEJAYWAYBLUEJAYWAY Posts: 9,030 ✭✭✭✭✭
    In regard to your dealers view. Some folks I suppose do maintain the belief in the perception that the Pres. election may influence a price swing one way or the other. But I think most here at least, and maybe most elsewhere, know the fiscal/ideological bent policies of the respective candidates and their party already. So whoever wins, the fiscal policies adopted won't come as much of a surprise, at least not to me. After all there is only so much "wiggle room" within "the system".
    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: hchcoin

    Originally posted by: Rooster1

    Maybe you should have paid the extra 100 dollars. After all, whats an extra 100 between friends.

    for a set you really want to keep?




    Well played Rooster1 image







    Proving once again on here how some people are asses that feel they just have to get that zinger comment in.

    The whole point of the thread entirely missed by you two. It isn't about me, it's about the viewpoint of a dealer I frequent that has been around 40+ years that lives very comfortably and is probably right in his viewpoint based on his tenure in the hobby.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭
    Originally posted by: piecesofme
    Originally posted by: hchcoin
    Originally posted by: Rooster1
    Maybe you should have paid the extra 100 dollars. After all, whats an extra 100 between friends.
    for a set you really want to keep?


    Well played Rooster1 image



    Proving once again on here how some people are asses that feel they just have to get that zinger comment in.
    The whole point of the thread entirely missed by you two. It isn't about me, it's about the viewpoint of a dealer I frequent that has been around 40+ years that lives very comfortably and is probably right in his viewpoint based on his tenure in the hobby.


    I think you are missing the point of my comment. Isn't it ironic that you as the buyer feels $100 is no big deal for the seller to lower the price but you are not willing to do the same on your offer. Happens every day in business. Wasn't a comment or a zing directed at you, rather a very astute observation by Rooster1. Your comment about what's an extra $100 between friends came across as a bit sarcastic the way it was written and he picked up on that.

    I am guessing that the dealer has to deal with people low balling him on a daily basis (even though you felt it was a fair offer) and he has heard that one a thousand times. You probably got his gruff up as I have yours.

  • Rooster1Rooster1 Posts: 381 ✭✭✭
    I"m sorry POM, maybe I missed your point. it was hard to tell because all of your threads are about how someone is trying to get one over on you. And when someone makes any kind of comment and you do not like it, you start calling them names. How childish.
    Successful deals with:Ciccio-Nibanny, Wondercoin, Republicaninmass, Utahcoin, Abitofthisabitofthat, Doubleeagles59, Peaceman
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    If I were a dealer and some long time bullion-leaning customer shows up after quite a spell looking to buy my better bullion items, I'd be leery too....especially after silver had just pulled back 10% in August and looked to possibly be breaking out after Thursday. He priced his items and gave you a chance to buy. What more can be asked?



    One time I had a coin a top registry set needed. I had bought the coin for my type set to keep for 5-10 years....and felt the coin had good potential, to double or triple in price in that time. The potential buyer offered me about 25% more than I paid for it. That wasn't going to work for me. He finally told me to name a price....suggesting a price the coin could be worth a year from now. We settled on a price that gave me a 50% profit in one year. Within a couple years the coin doubled in price for him....it would have been a triple for me. Sometimes you do have to pay what something might be worth in the future.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • PerryHallPerryHall Posts: 46,107 ✭✭✭✭✭
    Originally posted by: Justacommeman

    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark




    In my opinion eBay sales reflect retail prices. I feel that POM was quite fair in offering the current average eBay price considering the dealer wouldn't have to pay the eBay, PayPal, and shipping fees.

    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

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark




    In my opinion eBay sales reflect retail prices. I feel that POM was quite fair in offering the current average eBay price considering the dealer wouldn't have to pay the eBay, PayPal, and shipping fees.




    If I was the B&M owner I would have pulled out my lease, payroll and utility bills to counter his EBAY examples.



    Besides according to POM this is not the point anyways.



    mark

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • PerryHallPerryHall Posts: 46,107 ✭✭✭✭✭
    Originally posted by: Justacommeman

    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark




    In my opinion eBay sales reflect retail prices. I feel that POM was quite fair in offering the current average eBay price considering the dealer wouldn't have to pay the eBay, PayPal, and shipping fees.




    If I was the B&M owner I would have pulled out my lease, payroll and utility bills to counter his EBAY examples.



    Besides according to POM this is not the point anyways.



    mark





    What does your utility bills and rent have to do with what a silver bar or a coin is worth?

    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

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark




    In my opinion eBay sales reflect retail prices. I feel that POM was quite fair in offering the current average eBay price considering the dealer wouldn't have to pay the eBay, PayPal, and shipping fees.




    If I was the B&M owner I would have pulled out my lease, payroll and utility bills to counter his EBAY examples.



    Besides according to POM this is not the point anyways.



    mark





    What does your utility bills and rent have to do with what a silver bar or a coin is worth?




    The same as AVERAGE Ebays sales dictates. I would have just stated Im on the high side. Some one has to be to develop an average.Would that be a justified retort? It's his merchandise. Surely you have noticed that silver art bars are not fungible.





    mark



    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • cohodkcohodk Posts: 19,087 ✭✭✭✭✭
    Offering average ebay price implies the set can be purchased at cheaper than ebay prices. POM should just buy it on ebay...at least that's what I would have told him. Why buy from me when he could buy it for less on ebay?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark




    In my opinion eBay sales reflect retail prices. I feel that POM was quite fair in offering the current average eBay price considering the dealer wouldn't have to pay the eBay, PayPal, and shipping fees.




    If I was the B&M owner I would have pulled out my lease, payroll and utility bills to counter his EBAY examples.



    Besides according to POM this is not the point anyways.



    mark





    What does your utility bills and rent have to do with what a silver bar or a coin is worth?




    oh, come on, have you never worked for a business?

    Liberty: Parent of Science & Industry

  • PerryHallPerryHall Posts: 46,107 ✭✭✭✭✭
    Originally posted by: Baley

    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark




    In my opinion eBay sales reflect retail prices. I feel that POM was quite fair in offering the current average eBay price considering the dealer wouldn't have to pay the eBay, PayPal, and shipping fees.




    If I was the B&M owner I would have pulled out my lease, payroll and utility bills to counter his EBAY examples.



    Besides according to POM this is not the point anyways.



    mark





    What does your utility bills and rent have to do with what a silver bar or a coin is worth?




    oh, come on, have you never worked for a business?





    I think you are confusing what a silver bar is worth with what the dealer needs to get to pay his expenses. Fortunately there are many venues to buy silver bars and the typical silver stacker can comparison shop for the best price.

    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

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I'm far from confused about this subject. image

    Liberty: Parent of Science & Industry

  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    If I were a dealer and wanted to keep my customers happy, I would sell my inventory at prevailing market prices, not at what I "think" I might get three or four months down the road. As a customer, I'd be put off if a dealer gave me that as a reason for not selling. If a dealer is convinced that a rise in the price of silver is just around the corner, he can always buy silver ETFs or options or futures or mining stocks. Mixing speculation and customer service is fraught with pitfalls.

    My Adolph A. Weinman signature :)

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: PerryHall

    Originally posted by: Baley

    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    Originally posted by: PerryHall

    Originally posted by: Justacommeman

    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark




    In my opinion eBay sales reflect retail prices. I feel that POM was quite fair in offering the current average eBay price considering the dealer wouldn't have to pay the eBay, PayPal, and shipping fees.




    If I was the B&M owner I would have pulled out my lease, payroll and utility bills to counter his EBAY examples.



    Besides according to POM this is not the point anyways.



    mark





    What does your utility bills and rent have to do with what a silver bar or a coin is worth?




    oh, come on, have you never worked for a business?





    I think you are confusing what a silver bar is worth with what the dealer needs to get to pay his expenses. Fortunately there are many venues to buy silver bars and the typical silver stacker can comparison shop for the best price.




    This^ The dealer has minimal bills for his business. Word of mouth of his fair business practices have spread throughout the decades and he is well respected within the collector community as well as with his customer base, therefore no need to advertise. He's been in the same building for almost 30 years, it's paid off. His son works for him, this is his only real expense. To argue that utlities are the thing which makes or breaks his business staying afloat at this point in his carrer is just silly LOL.

    I never said I had a problem with him, he's a great fair dealer, one of the few that are left like him. All I'm saying is in all the years I've done business with him, he has never had this "approach" of waiting a few months. He's a flipper just as any dealer should be to stay successful.

    The $100 difference between friends comment was taken by him to be exactly what it was meant to be from me, a little joke. We both know the difference of the value of $100. If he feels he can get that extra $100 in a couple months, more power to him. The whole POINT of this thread was AGAIN, to show that a dealer wont sell bullion at this time because of HIS hunch of higher values in the relative short term, that's all. This thread was never about me as some have tried trolling it out to be.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: Overdate

    If I were a dealer and wanted to keep my customers happy, I would sell my inventory at prevailing market prices, not at what I "think" I might get three or four months down the road. As a customer, I'd be put off if a dealer gave me that as a reason for not selling. If a dealer is convinced that a rise in the price of silver is just around the corner, he can always buy silver ETFs or options or futures or mining stocks. Mixing speculation and customer service is fraught with pitfalls.




    If it were anyone else but him, I'd be slightly put off too, but not enough to cause me to never go back. This hobby (because that's what it ultimately is) is about relationships. I never said I took anything personal from the dealer actions, he has every right to conduct his business the way he chooses to. I was just bringing it to the attention of this board and asked if anyone else was experiencing this with the B&M's they visit...the last sentence of my OP.



    Nothing directed toward you Overdate, just venting a bit I guess at the total and complete misunderstanding of some here that have their own agenda. Meaning that they pretend to misunderstand the point and twist it around like I'm complaining about something, when in reality, all I did is ask a question.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • AUandAGAUandAG Posts: 24,760 ✭✭✭✭✭
    What he knows that you do not know is what are his Christmas sales on bullion? I suspect he has quite a local following for silver in Christmas stockings and perhaps has worked hard at generating that holiday business. He knows for a fact that he can raise his prices and he'll get it from the locals.



    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • bigjpstbigjpst Posts: 3,098 ✭✭✭✭✭
    Originally posted by: AUandAG

    What he knows that you do not know is what are his Christmas sales on bullion? I suspect he has quite a local following for silver in Christmas stockings and perhaps has worked hard at generating that holiday business. He knows for a fact that he can raise his prices and he'll get it from the locals.



    bobimage


    This, or he knows several customers from each of the political views who he thinks will go full survival bunker mode if their candidate doesn't win. Kind like the ferry driver in Jose Wales. Gotta know both of them battle hymns by heart. image

  • AUandAGAUandAG Posts: 24,760 ✭✭✭✭✭
    "The Belle from Alabama" is now stuck in my brain for the rest of the day!!!



    Go Jose!





    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Originally posted by: bigjpst

    Originally posted by: AUandAG

    What he knows that you do not know is what are his Christmas sales on bullion? I suspect he has quite a local following for silver in Christmas stockings and perhaps has worked hard at generating that holiday business. He knows for a fact that he can raise his prices and he'll get it from the locals.



    bobimage


    This, or he knows several customers from each of the political views who he thinks will go full survival bunker mode if their candidate doesn't win. Kind like the ferry driver in Jose Wales. Gotta know both of them battle hymns by heart. image





    Excellent points!
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Originally posted by: AUandAG

    What he knows that you do not know is what are his Christmas sales on bullion? I suspect he has quite a local following for silver in Christmas stockings and perhaps has worked hard at generating that holiday business. He knows for a fact that he can raise his prices and he'll get it from the locals.



    bobimage






    And if they sell it to a local collector rather than a potential flipper, he might get it back again to work another selling commission. Once your local dealer realizes you routinely buy and sell stuff, they view you as competition, basically a dealer. My local shop stopped selling anything to me other than material they couldn't place with their regular customer base. While it's frustrating, that's economics.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • ashelandasheland Posts: 23,183 ✭✭✭✭✭
    Originally posted by: Pokermandude
    Seems like a poor business model to refuse to sell inventory for 2 months on a hunch.


    image
  • ashelandasheland Posts: 23,183 ✭✭✭✭✭
    Originally posted by: WildIdea
    Lots of folks want tomorrow's price today. In coins, metals, cars, houses, land etc. It doesn't mean you have to buy it. Again, there is so much STUFF to buy in the world, I try not to get too attached and move on. Particularly if I feel a person is gloating or enjoying to toy with me withholding a sale. Ill keep my money for a deal that I don't have to force, and usually they're right around the corner.


    Very well said!
  • CaptHenwayCaptHenway Posts: 32,112 ✭✭✭✭✭
    Originally posted by: Justacommeman

    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark




    Heck, you'd have handed him the mallet to pound the sand with!



    image
    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.
  • derrybderryb Posts: 36,779 ✭✭✭✭✭
    Originally posted by: CaptHenway
    Originally posted by: Justacommeman
    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both

    mark


    Heck, you'd have handed him the mallet to pound the sand with!

    image


    On the other hand a smart B&M operator would recognize that ebay is competition. Put me in the camp that believes ebay is a good indicator of what buyers will pay.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • PerryHallPerryHall Posts: 46,107 ✭✭✭✭✭
    Originally posted by: derryb

    Originally posted by: CaptHenway

    Originally posted by: Justacommeman

    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both



    mark




    Heck, you'd have handed him the mallet to pound the sand with!



    image




    On the other hand a smart B&M operator would recognize that ebay is competition. Put me in the camp that believes ebay is a good indicator of what buyers will pay.







    Agree with this. With eBay and all the other internet venues a coin collector no longer has to put up with a rude local B&M coin dealer.

    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

  • ashelandasheland Posts: 23,183 ✭✭✭✭✭
    Originally posted by: derryb
    Originally posted by: CaptHenway
    Originally posted by: Justacommeman
    After 40 years in a B & M if someone pulled up average EBay sales to negotiate a price I would have told him to pound sand or laugh. Or both

    mark


    Heck, you'd have handed him the mallet to pound the sand with!

    image


    On the other hand a smart B&M operator would recognize that ebay is competition. Put me in the camp that believes ebay is a good indicator of what buyers will pay.



    Very true
  • He sounds more like a hobbyist than a dealer to me. If you were willing to pay full Ebay prices he could of sold those items to you and used the money to buy generics at a lower price. (and benefit to a larger extent after the election if his prediction comes true)



    Anyway you slice it bad business on his part. (With the possible exception that he has customers who come in willing to pay over Ebays pricing and that's the real reason he didn't want to sell them to you)
    Completed deals on this forum with: wondercoin, Metalsman, dmarks, PerryHall Additional references available upon request.
  • MsMorrisineMsMorrisine Posts: 33,006 ✭✭✭✭✭
    There is the retail premium

    another viewpoint is the buy price might be lower in a store to compensate. The old "I've got overhead" line from Pawn Stars comes to mind.

    just something else to think about.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,283 ✭✭✭✭✭
    One less seller is good for business.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Ebay is still a sight-unseen (photo at best) medium. Your local B&M is sight-seen and to your liking. There are less risks in missing something when the coin is in your hand. So to suggest Ebay buyers dictate what a true sight-seen price should be, sounds incorrect to me. Now for generic items in original mint packaging it might be the case. Can a set of Art Bars be considered more than bullion?
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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