A loyal customer.
Mission16
Posts: 1,413 ✭✭✭
The flea market I went to this morning has this old coin dealer that has a booth there. I've never found anything I'd wanted but always look and chat a bit.
I walked up just as some one must have asked his price on SAE's. He response: (parapharesed a bit) "Well, you could go downtown and get them for $30. But dummy here (thumbs to himself) bought them at $35, so I'm asking $37." I thought to myself: "I admire his honesty but geez..."
Then the fellow asking said: "Well, I still want one. You are the only person I buy them from and I'm not looking to change that."
I thought that was great.
I walked up just as some one must have asked his price on SAE's. He response: (parapharesed a bit) "Well, you could go downtown and get them for $30. But dummy here (thumbs to himself) bought them at $35, so I'm asking $37." I thought to myself: "I admire his honesty but geez..."
Then the fellow asking said: "Well, I still want one. You are the only person I buy them from and I'm not looking to change that."
I thought that was great.
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Comments
When the only dealer you trust is the guy at the flea market, charging 25% more, just how bad is the guy downtown?
Silver is down.
<< <i>I don't know what his buy price has to do with anything
Silver is down. >>
I understand the dealers logic. He's not obligated to sell his silver at a loss just because the price went down. Someone asked his price, he told them what and why and the buyer decided he wanted to give that amount.
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<< <i>The flea market I went to this morning has this old coin dealer that has a booth there. I've never found anything I'd wanted but always look and chat a bit.
I walked up just as some one must have asked his price on SAE's. He response: (parapharesed a bit) "Well, you could go downtown and get them for $30. But dummy here (thumbs to himself) bought them at $35, so I'm asking $37." I thought to myself: "I admire his honesty but geez..."
Then the fellow asking said: "Well, I still want one. You are the only person I buy them from and I'm not looking to change that."
I thought that was great. >>
AND THE REST OF THE STORY--- It would have likely cost the "loyal customer" ten dollars in gas to go downtown plus the additional afternoon of his life to get there. He still came out ahead.
<< <i>I understand the dealers logic. He's not obligated to sell his silver at a loss just because the price went down. >>
Agree and silver investors aren't obligated to overpay to bail out a dealer who's buried in overpriced silver. Right?
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<< <i>
<< <i>I understand the dealers logic. He's not obligated to sell his silver at a loss just because the price went down. >>
Agree and silver investors aren't obligated to overpay to bail out a dealer who's buried in overpriced silver. Right? >>
Absolutly correct. The buyer chose to pay the dealers asking price on his own free will and with no argument. The fact the dealer told him he could buy cheaper elsewhere tells me he wasn't asking to be bailed out.
The gist of this post and why I posted it was the loyalty of the customer to his dealer. If that exchange hadn't happened, this post might have been about how the dealer was trying to gouge the public for his being buried on the price.
Not like it was a 5 figure transaction.
Small purchase that probably left both parties satisfied for different reasons.
I'm all for it.
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how about the loyalty to be fair to the customer
<< <i>loyalty is definitely a good thing IMO
how about the loyalty to be fair to the customer >>
How was the dealer not fair? No coin dealer is obligated to sell any numismatic item for any price, and they can do it for any reason. If you don't like someone's price, you don't have to buy!
<< <i>When the only dealer you trust is the guy at the flea market, charging 25% more, just how bad is the guy downtown? >>
Good point. Around here, market folks are regular faces and neighbors (or just a couple degrees separated). But I think Northcoin hit the nail:
It would have likely cost the "loyal customer" ten dollars in gas to go downtown plus the additional afternoon of his life to get there.
If you get home from the supermarket and realize you've been overcharged a dollar, do you drive all the way back with your receipt to get that dollar? Or do you wait until the next time you happen to need groceries? Convenience and gas economy is a real factor.
Had it been gold - and a difference of $$$ instead of $$ - then I'm sure he would've driven downtown.
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<< <i>loyalty is definitely a good thing IMO
how about the loyalty to be fair to the customer >>
You mean like telling a customer where he can get something cheaper? If there's something unfair about how the customer was treated there, I'm missing it.
<< <i>Great story.... honest transaction.... Cheers, RickO >>
agreed.
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<< <i>
<< <i>loyalty is definitely a good thing IMO
how about the loyalty to be fair to the customer >>
You mean like telling a customer where he can get something cheaper? If there's something unfair about how the customer was treated there, I'm missing it. >>
I suppose it's also possible he told him he could go downtown knowing full well there were none to be had there for $30.
<< <i>Is that a Bongo quote? >>
LMAO
That was probably why the customer chose to buy it right there.
Loyalty had little to do with it. He wanted it right then and wanted to be done with it too.
<< <i>Is that a Bongo quote? >>
Who used to post here as Colonel Angus? Same guy as Bongo