Offering on a coin......

habaraca · January 13, 2015 2:09PM

Why is it some dealers just CAN"T make you an offer?????

All the games of well you tell me what you want,,, It is your coin you tell me what you will take...

Sometimes a collector doesn't know the worth so is asking make me an offer..

Dealer comes back well it is your coin what do you want...

I WANT AN OFFER THAT IS WHAT I WANT............. Isn't that the starting point for negotiations.

Seems to me the dealer is trying to get it for as little as possible and refuses to make an offer cause he might pay a cent
more than he has to...

MGLICKER · January 13, 2015 2:14PM

<< <i>Seems to me the dealer is trying to get it for as little as possible and refuses to make an offer cause he might pay a cent >>

Sums it up pretty well. I have found that most of the better dealers will not hesitate to make you an offer.

TopographicOceans · January 13, 2015 2:17PM

In a negotiation, knowing what the other party wants is an advantage.

And IF the coin is worth $1000 and you say you want $500, you'll have your offer accepted right away.

Coinosaurus · January 13, 2015 2:34PM

Dude. This is Negotiation 101.

Whoever names a price first cedes ground.

If they can flip your coin immediately and have a ready buyer, they won't let you get away without making an offer.

If they have to sit on your coin awhile and market it, then they first want to see how good a deal they can get.

Type2 · January 13, 2015 4:18PM

When they tell me that. I ask what does the grey sheet say, Then you get the song and dance no one pay's that, I need to make money or why I'm I in business and then I say ok so what do you want to pay then, You get the 35% to 45% back if you are lucky. I do get it we all need to make money but all i'm asking for is a price so give it to me. Most of the time like 80% I just send it to auction.

BustHalfBrian · January 13, 2015 4:35PM

<< <i>Why is it some dealers just CAN"T make you an offer?????

All the games of well you tell me what you want,,, It is your coin you tell me what you will take...

Sometimes a collector doesn't know the worth so is asking make me an offer..

Dealer comes back well it is your coin what do you want...

I WANT AN OFFER THAT IS WHAT I WANT............. Isn't that the starting point for negotiations.

Seems to me the dealer is trying to get it for as little as possible and refuses to make an offer cause he might pay a cent
more than he has to... >>

It means the dealer is trying to rip you, hoping you don't know the coin's true value, at which point you politely tell him to f#!@ off.

19Lyds · January 13, 2015 6:12PM

<< <i>Why is it some dealers just CAN"T make you an offer?????

All the games of well you tell me what you want,,, It is your coin you tell me what you will take...

Sometimes a collector doesn't know the worth so is asking make me an offer..

Dealer comes back well it is your coin what do you want...

I WANT AN OFFER THAT IS WHAT I WANT............. Isn't that the starting point for negotiations.

Seems to me the dealer is trying to get it for as little as possible and refuses to make an offer cause he might pay a cent
more than he has to... >>

These types of dealers want "you" to give up your price. If its too high, the dealer will tell you so in no uncertain words but NOT give you a counter offer. The dealer will let YOU dictate how much lower "you'll" go. If by the third attempt, you haven't met "his" price, then he might tell you what that is.

Now, if your price is well below what he knows he could sell the coin for, he'll snap it up and when you come back in the future whining about how he ripped you off, he'll retort with "But, that was the price you were asking."

Either way, you'll lose.

So, if a dealer cannot or will not give you a price he is willing to pay, just move along. Especially if he has the coin in hand where he can see exactly what it is.

bosco5041 · January 13, 2015 6:23PM

It's simple, start out asking a high price for the coin and when he says "I can't pay that" you come back with "what can you pay then?"

AMRC · January 13, 2015 10:56PM

<< <i>It means the dealer is trying to rip you, hoping you don't know the coin's true value, at which point you politely tell him to f#!@ off. >>

Really? That must be it.

It's not like I have NEVER had someone walk up to my table and ask if I would buy their [widget] coin and expect to get Red Book, and when I offer anything less, I get a twisted look of scorn. Many dealers will ask that question in order to see if the expectation is reasonable BEFORE they invest any more time in the negotiation process.

What is the second question they ask on Pawn Stars?

winky · January 14, 2015 1:06AM

I like bosco5041 thoughts on this.

TommyType · January 14, 2015 1:31AM

This thread could just as easily have started with a dealer asking,

"Why can't collectors just tell me what they want for the coin? They obviously know what they paid for it, and I don't begrudge them a little profit. But they expect me to blurt out my best price, and then negotiate up from there!"

It's a two way street, and there isn't some magical "right price", or right way to get there. Just saying that the dealers are not necessarily the "bad guys" in the situation. Just like when buying a coin, the two of you need to come to an agreement. If you can't do it, well, walk away with a handshake.

mozin · January 14, 2015 2:00AM

Go to another dealer, and try to forget this one.

RichieURich · January 19, 2015 3:01AM

I do understand a collector feeling that stating a price for one of his coins will result either in (a) a rejection if the coin is priced too high, or (b) an acceptance if the price is reasonable or too low, with (b) meaning that the collector might have left money on the table.

As a dealer, it is amazing how the above situation doesn't apply to me when I price my coins for sale to the public.

In many cases, I will make an offer. But I might not make an offer if I am concerned that the seller is merely using my knowledge to pump up the prices for his/her coins, and/or trying to get the last nickel out of every coin.

Offering on a coin......

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