It is a good time to write the "Unwritten" rules of Numismatics.

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  • TurboSnail
    TurboSnail Posts: 1,669 ✭✭✭✭✭
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    @Yorkshireman said:

    @ErrorsOnCoins said:

    @Yorkshireman said:

    @DancingFire said:
    Never to buy from a dealer wearing a suit and tie.

    Why? It is a business after all.

    There are many high end professional businesses where wearing a suit is a dead give away that you are a newbie.

    Or respectful of tradition

    My attorneys/business partners refused to wear suits for the past decades.

  • Yorkshireman
    Yorkshireman Posts: 4,616 ✭✭✭✭✭
    edited April 14, 2017 3:04PM
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    @TurboSnail said:

    @Yorkshireman said:

    @ErrorsOnCoins said:

    @Yorkshireman said:

    @DancingFire said:
    Never to buy from a dealer wearing a suit and tie.

    Why? It is a business after all.

    There are many high end professional businesses where wearing a suit is a dead give away that you are a newbie.

    Or respectful of tradition

    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.

    Yorkshireman,Obsessed collector of round, metallic pieces of history.Hunting for Latin American colonial portraits plus cool US & British coins.
  • Coinstartled
    Coinstartled Posts: 10,135 ✭✭✭✭✭
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    @TurboSnail said:

    @Yorkshireman said:

    @ErrorsOnCoins said:

    @Yorkshireman said:

    @DancingFire said:
    Never to buy from a dealer wearing a suit and tie.

    Why? It is a business after all.

    There are many high end professional businesses where wearing a suit is a dead give away that you are a newbie.

    Or respectful of tradition

    My attorneys/business partners refused to wear suits for the past decades.

    My attorney is always boasting of a new suit.

  • mr1931S
    mr1931S Posts: 7,309 ✭✭✭✭✭
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    Never,ever disparage another's collection,no matter how humble that collection may be.

    "Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
    -Albert Einstein-

    Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.

  • DancingFire
    DancingFire Posts: 311 ✭✭✭
    edited April 14, 2017 8:03PM
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    @TurboSnail said:

    My attorneys/business partners refused to wear suits for the past decades.

    He now charge less $$$ per hr? .. :D

  • cameonut2011
    cameonut2011 Posts: 10,875 ✭✭✭✭✭
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    @Yorkshireman said:

    @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.

  • TurboSnail
    TurboSnail Posts: 1,669 ✭✭✭✭✭
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    @DancingFire said:

    @TurboSnail said:

    My attorneys/business partners refused to wear suits for the past decades.

    He now charge less $$$ per hr? .. :D

    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.)

  • CharlieDontSurf
    CharlieDontSurf Posts: 31 ✭
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    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.

  • Elmhurst
    Elmhurst Posts: 795 ✭✭✭
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    Avoid dealers who are former attorneys or stock brokers.

  • Andrew99
    Andrew99 Posts: 13 ✭
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    Always ask what is your best price. Then say yes or no, thanks.

  • Coinstartled
    Coinstartled Posts: 10,135 ✭✭✭✭✭
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    @Andrew99 said:
    Always ask what is your best price. Then say yes or no, thanks.

    Well said, Andrew!

  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    @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

  • mustangmanbob
    mustangmanbob Posts: 1,920 ✭✭✭✭✭
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    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%

  • CaptHenway
    CaptHenway Posts: 34,167 ✭✭✭✭✭
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    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.

    Professional Numismatist, Retired. 55 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. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • Stooge
    Stooge Posts: 4,700 ✭✭✭✭✭
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    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.

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