Stuff that dealers say when you try to sell them a coin?

TwoSides2aCoin · June 30, 2017 8:29AM

" Yes, we pay 2% more than Coin Star for your change, sir ".

roadrunner · June 30, 2017 8:33AM

@seatedlib3991 said:
All dealers Back Then were not crooks. I bought around 15 coins from JJ Teaparty in the late 80's early 90's. Every single coin slabbed at least 1 full step in grade higher than the grade I bought them at in the early 2000's .

There were always exceptions. But with the TPG's on the scene in the late 1980's and early 1990's, even raw coins started to be graded much more in tune with TPG standards. Now if you told me you have bought those coins from any random dealer in the 1983-1986 period and they turned out a grade higher by year 2000, then I'd be surprised.

logger7 · June 30, 2017 8:39AM

I remember virtually all coins I've bought and sold except for bullion coins or rolls. There is no excuse for not telling the truth on why they can't pay real money for nice certified coins; "I can't afford to buy it/them now", "nice coins but I would tie up too much money for an unknown period of time"; "business is slow now, but I could take them on consignment if you want", or point in the direction of buyers which are well known. On any given coin the critical analysis could turn up problems even on PCGS/cac coins.

1630Boston · June 30, 2017 9:12AM

Let me know @ricko, if things don't work out with you and ScarJo

PerryHall · June 30, 2017 9:31AM

@seatedlib3991 said:
All dealers Back Then were not crooks. I bought around 15 coins from JJ Teaparty in the late 80's early 90's. Every single coin slabbed at least 1 full step in grade higher than the grade I bought them at in the early 2000's .

I also bought from them. They were one of the few mail order coin sellers that I could trust. I lost a lot of money returning coins to coin dealers back before the internet and third part grading.

ricko · June 30, 2017 9:52AM

@1630Boston.... You will be glad to know...things worked out exceedingly well............in my dreams.... Cheers, RickO

BuffaloIronTail · June 30, 2017 10:21AM

"A guy was in here yesterday and said he was going to buy that coin............get it now or it'll be gone"

Pete

Walkerguy21D · June 30, 2017 11:33AM

Though I realize the OP is looking for stuff dealers saying when offered coins, I agree with PerryHall and seatedlib about JJ Teaparty being one of the best raw coin dealers from the pre-slab era. And I tried a fair share of them!

Back to the OP - recall a dealer set up at show, asking if I had anything for sale....I pulled out some raw AU 1930's walkers with mint marks that I had recently upgraded...."nahhh, I got rolls of that stuff back to the shop"......I replied "really, you should bring them to the shows." knowing full well it was highly unlikely he had AU rolls of these coins. To which he replied "I can't be bringing all that junk with me".... And my coins would have been a marked improvement over most of the dreck in his cases.

brg5658 · June 30, 2017 12:48PM

@PerryHall said:

@LRCTom said:
Show dealer with all raw coins: "I sell everything at Bid".

Translation: "I sell everything at Bid for the grade I wrote on the 2x2. Generally a grade or two too high."

This was almost universal practice in the coin industry before third party grading came along. Dealers would buy at one grade and then sell it at a higher grade. It is because of this behavior that third party grading became so popular with collectors who were sick and tired of getting ripped off by dishonest coin dealers.

Sadly, slabs didn't fix much.

Many dealers still disproportionately disagree with slabbed grades when buying ("they were generous when they graded that one, etc."), and disagree with slabbed grades when selling ("they had a bad day when they graded this, yaddie, yaddie...I'll be submitting it for a regrade, etc."). It just so happens that those dealer disagreements usually consistently go in their favor monetarily.