It gives me perverse joy to see
Bochiman
Posts: 25,556 ✭✭✭✭✭
coins on ebay, and some dealer websites, languish for months and months AFTER I make reasonable offers. Offers at, or even above most guide prices, but below what the dealer was pushing to get. For coins that are nice, but not "outstanding". Coins where the dealer, when one can find a coin's recent history, is trying to quickly flip for 30-50% and won't accept 20% profit.
Yep. They can ask anything they want. That doesn't bother me.
I also don't usually go after coins that are "1 of a kind! Super RARE!". I am after coins at a certain level, but if the tag looks better than the coin, I will pass. If the coin is worth it, I will pay up.
That all said, I usually don't remove coins from my watch list, as I want to see where/when it finally sells. Or, if on a dealer website, something may trigger my memory, I will check every few months.
Many times, it seems, they eventually sell for below what I had offered. There is always a carrying cost to coins in an inventory for sale. Oh well.
Just my guilty, perverse, pleasure I guess.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Comments
Have you ever made several offers after it has not sold? I'll lower my offer each time I bug the guy. On occasion, it works.
Yep....it does work.
The negative emotions are always so much purer and 'unalloyed' than the positive emotions.
It must give those dealers perverse joy to own the coin if they don't take reasonable offers. I doubt they are very worried about it.
Respectfully, what is the point of this thread?
I think he was sharing his experience to those that want to hear it. I think of your point as when a employee ask's his boss a question and the boss barks back and state's " stop asking stupid questions." No offense taken I hope.
You had me at "perverse". LOL
I wasn't trying to be a grouch; I came off the wrong way. I just don't understand. When I start a thread to complain, there is usually information of public importance and may involve situations where things can actually be done. This really has neither consideration, and it left me scratching my head as to what I may have missed.
If it makes Bochiman feel any better, something that always makes me happy is when someone would drive up the price of a coin I wanted (leaving me as the underbidder) for a flip only to find that it sells for less after trying to sell it for an inflated price for several months (maybe more than a year) later.
Coins are not fungible and often difficult to price. I have passed on early offers only to sell the coin at a lower price later and have passed on offers to receive a higher price at a later date.
If a dealer is debt free and owns his inventory, the carrying cost is marginal.
Yep, I have. I've gotten the "I have $xxxx into this and can't sell it for less than $yyyy"....again, no problems. That's their choice. I made my offer and, very seldom, come up above it. I did it recently, for a proof IHC that was toned and I liked it. I only come up because of ebay bucks though. He came down, I came up, and we met in the middle.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Hopefully it does. Like I said, I don't hold it against them. Many times, I may have wrong prices in my head, but if I want to sell something, I will work to actually sell it, and not hold it. Just had to do this with a lot of my mother's estate stuff. I could have held it, and held out for what a lot of it was worth (in my view...and some others' views), but at the end of the day, I made a choice to actually work to sell it.
If they were collectors, now, I would hope it gives them extremely perverse joy to own the coin. As for "reasonable offers", I would again state that my offers, I felt, were fair and really not THAT far off from theirs...and it a lot of cases, they ultimately sell for LESS than my original offers (just MONTHS later). So, since you are insinuating that my offers weren't "reasonable", and they experienced "perverse joy" to hold the coin and not take the offers I gave.....then what does it mean when they sell for less? And again, that's after what type of holding cost?
To each their own
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Thank you, Gluggo, and yes, that is basically it.
In addition, I might ask to him, "Respectfully then, what is the point to many of the threads here, and why don't you comment similarly to them?"
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I think you misunderstood me. I was implying you made very reasonable offers, which they did not accept. So to me, that means they like the coin enough to not take a good offer, and instead were waiting for full offers.
The thread isn't a complaint. Honestly, it isn't. It's an observation of multiple things (at least, to me):
It makes ME (that's right, ME) feel better knowing that I didn't spend more just to have that coin right then! That's the "perverse joy".
I think some are thinking I am complaining about the seller's not selling to me. Nope. I feel the sting of the pain initially, as, if I offer on the coin, I want it. If I counter the counter offer that may come, then I really did want it. However, I don't want hardly anything bad enough to spend MUCH more than I estimate it is worth (to me). So, no negative feelings about it, other than the perverse joy that it still sets, I made my offers and moved on, and knowing that I was probably right about the value (at the time).
I'm sure no one here has ever purchased a coin, right away, and then started to see better pricing on similar and thought they screwed up. I'm probably the only one
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I may have misunderstood you, but, at least in some of the more recent ones, it wasn't that they "liked" the coins...they weren't collectors. Really were dealers who wanted to get in and get out...but they had, from what the exchanges with me were saying, a certain price that they "needed". I don't see how "need" lessens over time. I see how "need" to sell will grow over time, but then they make less margin on it.
If a collector sells, as a dealer, then I can really see what you mean. But for someone treating the coins like a widget, which these particular ones have been doing (including one recently who used the ol' scare tactic of "I've got it up there for my lowest price I'll take, and if it sells, great, but I do have a coin show coming up in a couple of weeks and have a buyer for it there if it is still available"......that was ~4 months ago. That particular coin is still there.
10 or so years ago, when I joined these forums, I would have gone for that and thought he was being truthful. Now, especially thanks to coinfacts and PCGS, I have a better understanding of some of the coins' histories out there (pricing and date of sale), as well as HA and others, and a better understanding of how many are out there around that grade, how often these are up for sale, and what some of them look like already.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
"In addition, I might ask to him, 'Respectfully then, what is the point to many of the threads here, and why don't you comment similarly to them?'"
I agree wholeheartedly. Some threads just stick out.
That's why I try not to look once it's mine. I would always second guess myself.
Great communication I love it!! Gonna read all this on the Plane. Love all your posts
I've made offers and have been told "no, it's a fair price.". Watch the coin a few weeks and the price drops to my offer and I make the purchase. Some dealers just hold out longer than others. One dealer I like working with is Northeast Numismatics. They take trades and have some reasonable prices (they leave a little meat on the bone).
"A dog breaks your heart only one time and that is when they pass on". Unknown
@Bochiman ... I agree totally... have seen this on several occasions...And, if you recall, there was a dealer (or a couple - but one in particuar) at shows in the PNW that I used to attend (and you likely still do)...that had inventory priced very high, and would not budge. Month after month, year after year, he had the same inventory. I am sure he sold a couple of things to inexperienced collectors...but for the most part, his inventory was static. Probably still is....I tried dealing with him on a couple of occasions... then stopped. Cheers, RickO
Hey Rick!
Yeah, I still go to some of the shows here, when I can. My son's activities have taken priority though, so I have missed some (it's too much fun watching him play basketball at higher levels).
As for the dealers...yep...pretty sure I know a few you are talking about and they STILL haven't changed prices. Not even that open to negotiation, that I saw, so I stopped even stopping by (very seldom do they show anything new....same old crap)
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Hi Ron,
Yeah, remember 'Snidely Whiplash'?? I think he just set up at shows to get away from his wife....or she MADE him go so she could have some peace....I do not know which, but it was not to sell coins. Cheers, RickO
I understand the OP post quite well, as I believe all of you do as well. Aside from the snarkiness that followed, I thought it was an interesting thought . . provoking obvious responses.
I think we all look at inventory we pass on, whether online or at the bourse, and quietly feel SOME emotion if it sits . . . . .lethargic . . . for months or years after we make an offer . . .
Drunner
Yep. He got me once, when I was first starting out and hadn't been properly "educated" yet
Luckily, it was not for a lot...maybe an extra $40 (proof and mint sets that he got me to pay CW guide prices). I scaled back to just a few, as I had a feeling and wanted to step back and see.
Never bought anything else from him after that. He got me once, for a little, but lost a potential customer of a lot more. Stupid, imho, on his part. Go for the smaller, quick, "win" and don't see the long game.
I don't recall ever seeing his wife. Only the dudes he worked with behind the tables.
I do wonder how long that mustache took him to do that with, daily.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I never saw his wife either.... just a theory on my part.....Yeah, that mustache took a fair amount of work... and lots of wax. Cheers, RickO
“As for the dealers...yep...pretty sure I know a few you are talking about and they STILL haven't changed prices. Not even that open to negotiation, that I saw, so I stopped even stopping by“
Well you’ll never get to see the fresh new stuff with that attitude!
Me, I insist on browsing the same tired and overpriced coins year after year after year after year after year after year after.....wait, what were we talking about?