@DancingFire said:
Never to buy from a dealer wearing a suit and tie.
Why? It is a business after all.
If a dealer thinks you are well off, he or she may charge you more. I know of a few instances where dealer(s) knew of a certain large fish on the floor and increased their price to more than 2x the original price. It happens.
My attorneys/business partners refused to wear suits for the past decades.
He now charge less $$$ per hr? ..
Well, my ex-partner, traffic defense lawyer has a little office within DMV and is making around 10k a day. He doesn't need to wear suit. My female friend, business partner/investor/ all purpose lawyer is a she. And my criminal defense lawyer, he became a district attorney and still refuse to wear suit.
They were making money off me all these years. And I can't sell a single suit to them. (yes I sell suits.)
If you are a Dealer and list a coin as $XXX OR BEST OFFER, you are stating that the price is negotiable. Knocking $15 off an $1100 coin is not being negotiable and you are an idiot.
@Andrew99 said:
Always ask what is your best price. Then say yes or no, thanks.
That's what I usually do---I ask for their best price and then I either play or pass. I don't have time to play games with dealers.
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
Used to have jerks who would ask "What's your best price?" And INVARIABLY then counter lower. I would say something like "Are you calling me a liar when I said that was my best price?" And move on to the non-wanking customers.
Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
When you go to sell a coin at a show, your coin isn't the best they've seen and they have 10 more like it and will only buy it to keep inventory, so that's why you get a rock bottom price.
When you go to buy the same coin, it's by far the nicest one they have in stock, and you won't see another like it for a long time. The bloated price being asked is their absolute rock bottom price they can sell it for, even though it's 20% over greysheet.
Comments
My attorneys/business partners refused to wear suits for the past decades.
So?
That statement does not contradict mine.
Also, I think it best we stop here as we have gotten way off topic.
My attorney is always boasting of a new suit.
Never,ever disparage another's collection,no matter how humble that collection may be.
The measure of intelligence is the ability to change.
Albert Einstein (14 March 1879--18 April 1955)
He now charge less $$$ per hr? ..
If a dealer thinks you are well off, he or she may charge you more. I know of a few instances where dealer(s) knew of a certain large fish on the floor and increased their price to more than 2x the original price. It happens.
Well, my ex-partner, traffic defense lawyer has a little office within DMV and is making around 10k a day. He doesn't need to wear suit. My female friend, business partner/investor/ all purpose lawyer is a she. And my criminal defense lawyer, he became a district attorney and still refuse to wear suit.
They were making money off me all these years. And I can't sell a single suit to them. (yes I sell suits.)
If you are a Dealer and list a coin as $XXX OR BEST OFFER, you are stating that the price is negotiable. Knocking $15 off an $1100 coin is not being negotiable and you are an idiot.
Avoid dealers who are former attorneys or stock brokers.
Always ask what is your best price. Then say yes or no, thanks.
Well said, Andrew!
That's what I usually do---I ask for their best price and then I either play or pass. I don't have time to play games with dealers.
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
Buying, then selling a coin is like hitting into an unassisted triple play:
1) The grade is now lower
2) The overall market is down, so all prices are off 50%
3) That series is now out of favor, knock off another 30%
Used to have jerks who would ask "What's your best price?" And INVARIABLY then counter lower. I would say something like "Are you calling me a liar when I said that was my best price?" And move on to the non-wanking customers.
When you go to sell a coin at a show, your coin isn't the best they've seen and they have 10 more like it and will only buy it to keep inventory, so that's why you get a rock bottom price.
When you go to buy the same coin, it's by far the nicest one they have in stock, and you won't see another like it for a long time. The bloated price being asked is their absolute rock bottom price they can sell it for, even though it's 20% over greysheet.
Later, Paul.