Home U.S. Coin Forum
Options

deciphering dealer's codes

KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭

Has anyone been successful in deciphering dealers' codes, eg:


Comments

  • Options
    BillDugan1959BillDugan1959 Posts: 3,821 ✭✭✭✭✭

    Bik 3-4 / YYI/

    Oo7/ xxx/ 3-4

    Xxxnnnxxx

  • Options
    KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭

    Needless to say, I have too much time on my hand.

  • Options
    TommyTypeTommyType Posts: 4,586 ✭✭✭✭✭

    I did once. It was a simple substitution code for prices using the dealers name....10 letters....first letter stood for 1, second 2, etc.

    Thing is, he only coded his ASKING price, and not his purchase price. So it wasn't terribly useful since he was perfectly willing to TELL me his asking price, (which was negotiable to maybe 5 or 7 percent). If I could figure out his purchase price, then maybe I would have had some real inside information! ;)

    Easily distracted Type Collector
  • Options
    1630Boston1630Boston Posts: 13,772 ✭✭✭✭✭

    40 or more years ago when I worked in a pharmacy, there code was "BLACKSTONE", B=1, L=2, A=3. etc.
    Not sure why they needed a code though :smile:

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • Options
    Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    I have. Two local dealers in large city. The only way I could do it was to buy lots of coins at different price levels. It goes faster when you also sell coins and look at them again when they are "coded" in the case. This was before slabbing.

  • Options
    MoldnutMoldnut Posts: 3,082 ✭✭✭✭

    Its JJteaparty! What do I win?

    Derek

    EAC 6024
  • Options
    ms70ms70 Posts: 13,946 ✭✭✭✭✭

    It says "40% markup, 50% if sold on eBay. No free shipping."

    Great transactions with oih82w8, JasonGaming, Moose1913.

  • Options
    LanLordLanLord Posts: 11,681 ✭✭✭✭✭

    @1630Boston said:
    40 or more years ago when I worked in a pharmacy, there code was "BLACKSTONE", B=1, L=2, A=3. etc.
    Not sure why they needed a code though :smile:

    I think CHARLESTON works there as well. Same idea, different letters for each number

  • Options
    messydeskmessydesk Posts: 19,704 ✭✭✭✭✭

    Long ago, I attended some live auctions that didn't repackage consigned lots of raw coins. There was a large number of lots that were obviously marked with price codes. I made note of some and figured out the code while waiting for the auction to begin. I also figured out who the consignor was when the auction was live, realized I wasn't going to get some of the lots I wanted for the price I was willing to pay, and left.

  • Options
    Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭

    If that dealer's memory starts to fade, there could be trouble.

  • Options
    keetskeets Posts: 25,351 ✭✭✭✭✭

    if a dealer codes his purchase price(as he should) then the only way to figure things out is to buy a lot from him till you get a few letters correct. then maybe you can guess his word/phrase.

    honestly, though, what's the sense??? all you'll do is figure out what he paid and how much he made on you.

  • Options
    panexpoguypanexpoguy Posts: 1,239 ✭✭✭✭✭

    It is actually a lot easier to do these days than in the past and you don't need to buy many coins. Go to the dealer's website and see if the coins are imaged in the holder with the coded tag on the back. Run the cert numbers through cert verification to see if they have appeared in recent auctions. Match the price paid in auction to the code. Pretty quickly you will have enough letters to figure out the word.

  • Options
    goldengolden Posts: 9,067 ✭✭✭✭✭

    I cracked a currency dealers code, back in 1995, when he bought a huge collection and I got his price list with his codes.

  • Options
    ColonelJessupColonelJessup Posts: 6,442 ✭✭✭✭✭
    edited October 23, 2017 11:02PM

    Fred Weinberg and Martin Paul had similar codes a decade ago. Can't reveal Fred's and wouidn't tell Martin's 'cause it would surely be a clue. I've had three over 40 years. TRUECOINS when I started, FASTMONEY when I bounced back after '82, and PLAYTHINGS when I came back in 1999. One of my favorites is DONTBELAZY, but that's an auction catalogue code.

    How about XJ74c -
    XJ=nulls
    c = 3rd letter of alphabet so number of digits is 3
    74 = 47 backwards
    translation = 470
    Nulls can be inserted anywhere to give irregular lengths.

    See my agree with @MrHalfDime, I sold a coin a few years ago that cost $8500, was upgraded (by another Forum member than myself), and I sold to another knowledgeable Forum member for 59K. CDN was 40K at the time, but no one in the chain of subsequent owners could have cared less.

    Too much work to outsmart someone else, especially when you're willing to walk away if the quote isn't within your own parameters.

    A NY dealer had the code MONKEYSHIP. I think his dad made him change the last letter. :*

    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
  • Options
    Type2Type2 Posts: 13,985 ✭✭✭✭✭

    Looks like you sank my battle ship. :D



    Hoard the keys.
  • Options
    MWallaceMWallace Posts: 3,861 ✭✭✭✭✭

    CANDYSTORE is another.

  • Options
    Cougar1978Cougar1978 Posts: 7,639 ✭✭✭✭✭

    I don’t waste time on that.

    So Cali Area - Coins & Currency
  • Options
    BackroadJunkieBackroadJunkie Posts: 3,745 ✭✭✭✭✭

    Not only coin dealers.

    Walgreens used "BRUSHCLEAN". General Motors used "GMPRODUCTS". A place I used to work at used "CUSTARDPIE".

    We'd go out of our way to try to create dirty words from those codes. Hey, I was in high school. That's what you did before the internet was invented.

  • Options
    TwoSides2aCoinTwoSides2aCoin Posts: 43,849 ✭✭✭✭✭
    edited October 24, 2017 6:53AM

    UncleSambo
    EbaySuxCod
    TakeYorPic

  • Options
    shorecollshorecoll Posts: 5,445 ✭✭✭✭✭

    Used to try to figure them out, but I agree, what difference does it make?

    Some are way easier than others, but again...so what?

    ANA-LM, NBS, EAC
  • Options
    rickoricko Posts: 98,724 ✭✭✭✭✭

    I never cared about the codes.... too many other interests to worry about such things. Tell me the price, I either buy or say no thank you. :) Cheers, RickO

  • Options
    logger7logger7 Posts: 8,090 ✭✭✭✭✭

    And like people for whom english is their second language who resort to their native tongue when communicating confidentially, dealers have their own language when necessary.

    "Ou-yay ow-knay at-whay o-tay o-day. Et it-gay?"

  • Options
    KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭

    @shorecoll said:
    Used to try to figure them out, but I agree, what difference does it make?

    Some are way easier than others, but again...so what?

    I thought it was perfectly clear the op has too much time on his hands...that's what...

  • Options
    Insider2Insider2 Posts: 14,452 ✭✭✭✭✭
    edited October 24, 2017 10:05AM

    @ColonelJessup Mine is much more complicated but I stopped using it long ago.

    COL (keep three letters - skip one)
    NE (keep two letters - skip one)
    J (keep one letter - skip one)
    S (Keep one - skip next)
    UP
    X (commonly used for "0" so many will think it is a null and not "0") B)

    Now, I just put a higher fake buy price on the back that a four year old can read - $ sign and all. Take my price or leave - no discounts! >:)

  • Options
    topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    I use direct substitution of letters in a non repeating phrase.
    That's as complicated as I ever want.

    When I was in the shop, I caught myself doing math and using the damn LETTERS. :D

    A guy I know uses SYMBOLS and....man,,,, not even the Enigma machine could tackle that mess.

  • Options
    TwoSides2aCoinTwoSides2aCoin Posts: 43,849 ✭✭✭✭✭

    Another sticker thread. B)

  • Options
    BustDMsBustDMs Posts: 1,574 ✭✭✭✭✭

    Someone bragged about “breaking” my code a few years ago. I just quoted him higher prices.

    Q: When does a collector become a numismatist?



    A: The year they spend more on their library than their coin collection.



    A numismatist is judged more on the content of their library than the content of their cabinet.
  • Options
    au58au58 Posts: 1,288 ✭✭✭

    The code in the pic looks to refer to retail and wholesale.

  • Options
    mrearlygoldmrearlygold Posts: 17,858 ✭✭✭

    tick tack to is easy to figure :)

  • Options
    logger7logger7 Posts: 8,090 ✭✭✭✭✭

    Here's one to decipher:

  • Options
    CameonutCameonut Posts: 7,258 ✭✭✭✭✭

    QUICKTRADE

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • Options
    KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭

    blackhorse

  • Options
    cnncoinscnncoins Posts: 414 ✭✭✭✭

    This is a humorous thread to me. Cost codes are used, by most dealers, as an accounting/tax tracking method. At the end of the day, the buyer could care less if you paid $50 or $10,000 for a particular coin. If it's "worth" $2500 in the marketplace that's all that matters. Dealer cost is irrelevant. Many dealers base their "sell" price on cost, which is a mistake IMO.

  • Options
    BryceMBryceM Posts: 11,733 ✭✭✭✭✭

    Maybe I’ve figured out a few and maybe I haven’t. Like others have said, games are too much trouble. Just tell me how much.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file