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
I strongly dislike when a dealer acts like they dont have time for you and treat you like you are not a serious buyer... such a turn off.
I also cannot stand an arrogant know-it-all dealer/ seller... I realize that many dealers, sellars may know much more than I do and/ or be an expert in a specific area, but you dont have to throw that in the potential buyers face... you definitely shouldnt have to cite how many years you’ve been in the business, etc. ie Seated Dollar Expert with 30 years of experience...
If you have to constantly cite to yourself and others how “experienced” you are, thats just insecurities and over-compensation for something else generally speaking...
If you are experienced and knowledable, your actions and wisdom will show it and your reputation will speak for itself...
Time is the greatest gift one can give another and arrogance is repulsive. Humility, patience is very appealing, however and allows for many platforms of teaching, mentorship, and great friendships! 👍👍👍
Outside of the above, consideration to a call or email, earlybird on items I collect is always nice as well!!!
@Outhaul said:
I don't care what he looks like, his personality, condiment stains, how he dresses, whether he drives a Bentley or a Yugo. If he has the coin I'm looking for and I agree on the grade and we agree on a price, and he does not have a rep for dealing in stolen merch, we have a deal.
If you eliminate odd personalities, the field will be mighty thin.
Just my eversohumble opinion.
Cheers
Bob
Thin field would be an understatement.....more like an empty field.....
We are a weird bunch.😆
@Gazes said:
I would give this advice to any dealer. Make each collector who you do regular business feel like they are your most important customer (they dont need to be but make them feel like it). When I find a coin I need, I will get it from most any dealer. But most coins I dont need. Those other coins get purchased from dealers who treat me the way most people want to be treated.
I now gravitate towards dealers that have a good reputation among other dealers and fellow collectors. I like the dealers that actively call when at shows when they see something I may want. Honesty is a must if you want to be a good coin dealer.
Thanks for the varied views/opinions. I created the thread in hopes it might help to enlighten any new collectors joining the Forum ranks. To give them some varied tips/pointers in what to look for in their coin dealer transactions. Your comments may help someone out there.
Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
Fair enough, but I haven't met many angels among the ranks of dealers. It's a tough business, especially when people don't feel flush with cash.
THE most important thing for a collector, who is looking to buy a coin, is to understand what he/she proposes to buy. That's on the collector, not a dealer. Collectors need to do their homework. If a collector buys something, there should be some thought about an exit strategy too. Many coins are bought 'right', but sold foolishly. Been there, done that.
Member: EAC, NBS, C4, CWTS, ANA
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
I agree. I don't care how much you paid for it. I don't want to hear that you're losing money at that price. I don't care if you dragged your butt a thousand miles across broken glass to buy it. Just give me your price and I'll say yes or no.
Actually, that's a story I might be willing to sit through...
I get some real looks and I also don’t even get a look sometimes . Not sure what my story is? I’m clean, nice and rich. The only dealers that give me a shot are when I look at their currency. Go figure.
I might look too much like the guy that isn’t going to be bamboozled. Yeah , that’s it!
Comments
Good hygiene.
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
Time and Humility...
I strongly dislike when a dealer acts like they dont have time for you and treat you like you are not a serious buyer... such a turn off.
I also cannot stand an arrogant know-it-all dealer/ seller... I realize that many dealers, sellars may know much more than I do and/ or be an expert in a specific area, but you dont have to throw that in the potential buyers face... you definitely shouldnt have to cite how many years you’ve been in the business, etc. ie Seated Dollar Expert with 30 years of experience...
If you have to constantly cite to yourself and others how “experienced” you are, thats just insecurities and over-compensation for something else generally speaking...
If you are experienced and knowledable, your actions and wisdom will show it and your reputation will speak for itself...
Time is the greatest gift one can give another and arrogance is repulsive. Humility, patience is very appealing, however and allows for many platforms of teaching, mentorship, and great friendships! 👍👍👍
Outside of the above, consideration to a call or email, earlybird on items I collect is always nice as well!!!
...and, Fresh Inventory is very important!
Thin field would be an understatement.....more like an empty field.....
We are a weird bunch.😆
That is good advice for any business owner.
I now gravitate towards dealers that have a good reputation among other dealers and fellow collectors. I like the dealers that actively call when at shows when they see something I may want. Honesty is a must if you want to be a good coin dealer.
Thanks for the varied views/opinions. I created the thread in hopes it might help to enlighten any new collectors joining the Forum ranks. To give them some varied tips/pointers in what to look for in their coin dealer transactions. Your comments may help someone out there.
Fair enough, but I haven't met many angels among the ranks of dealers. It's a tough business, especially when people don't feel flush with cash.
THE most important thing for a collector, who is looking to buy a coin, is to understand what he/she proposes to buy. That's on the collector, not a dealer. Collectors need to do their homework. If a collector buys something, there should be some thought about an exit strategy too. Many coins are bought 'right', but sold foolishly. Been there, done that.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
He has the coin I want.
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Actually, that's a story I might be willing to sit through...
I'm usually looking for very specific things and will buy from whoever has it.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
This is a great point, joking or not. I had to give a dealer some cologne I had before because of the bad body odor. Must have ran out of old spice 😎
I would go with Integrity for my vote.
Amen to that one.
Lafayette Grading Set
Only things that are necessary is "Does he have something I want?" and "Is the price he wants equal to or less than I am willing to pay?".
Fairness.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I like the type that would rather make a dime 50 times than a dollar once
And a genuine smile always helps
I get some real looks and I also don’t even get a look sometimes . Not sure what my story is? I’m clean, nice and rich. The only dealers that give me a shot are when I look at their currency. Go figure.
I might look too much like the guy that isn’t going to be bamboozled. Yeah , that’s it!
Will they buy back what they sell me? Some of the modern "rarities" are a one-way street.
This is the biggest indication of integrity.
... well they’ve either got some eye appealing coins or they don’t ...