I get irritated when offered "75% of bid because I might have to sell to another dealer". Your inability to sell above wholesale should not be my punishment.
Otherwise, I guess it's fine?... debating if my subscription is worth the cost, and the app is horribly formatted, IMO.
@ChrisH821 said:
I get irritated when offered "75% of bid because I might have to sell to another dealer". Your inability to sell above wholesale should not be my punishment.
Otherwise, I guess it's fine?... debating if my subscription is worth the cost, and the app is horribly formatted, IMO.
You don't stay in business if you buy coins you can't sell. They could just no bid, but that doesn't help either one of you.
All comments reflect the opinion of the author, even when irrefutably accurate.
@oldglorycoins said:
I know that most dealers swear by it when buying, and I'm curious what collector's think when dealers quote them 'bid', or a percentage of bid.
Collectors prefer I use the Red Book. Some insist.
@oldglorycoins said:
I know that most dealers swear by it when buying, and I'm curious what collector's think when dealers quote them 'bid', or a percentage of bid.
Collectors prefer I use the Red Book. Some insist.
That is when you pull out a 1947 First Edition.
Easy Profit,
Red R.
Those first three named earned their fate, sometimes repeatedly for violating forum rules of behavior. I don’t miss them.
Yes, they did. But we lost a lot of interesting discussions when we lost them.
Interesting, but rude behavior. No excuse. Bye!
Red thinks @Catbert is, ironically, demonstrating rude behavior with his post.
Not exceedingly surprised,
Red R.
This forum is often one big mirror held up to individual's behaviors.
.
The mirror shines pretty bright on the two of you Joe. You and Red should grab a private room.
just don't tell us about it.
Although often mistaken as the Peace Maker on this forum there really isn't much, I singlehandedly can do to motivate POL's into having a better attitude.
Writing in the First Person,
Red R.
I don't. We lost a lot of good people. Skip Fazzari, Roger Burdette, Laura. Even Mark Feld at one time.
Those first three named earned their fate, sometimes repeatedly for violating forum rules of behavior. I don’t miss them.
Yes, they did. But we lost a lot of interesting discussions when we lost them.
Interesting, but rude behavior. No excuse. Bye!
Red thinks @Catbert is, ironically, demonstrating rude behavior with his post.
Not exceedingly surprised,
Red R.
This forum is often one big mirror held up to individual's behaviors.
.
The mirror shines pretty bright on the two of you Joe. You and Red should grab a private room.
just don't tell us about it.
I thought you had Joe and Red on ignore?
Joe and Red are having fun. Joe and Red like to share the fun. Expect to see Joe and Red on every thread on the forum, just hanging out and having some F-U-N!
All comments reflect the opinion of the author, even when irrefutably accurate.
Those first three named earned their fate, sometimes repeatedly for violating forum rules of behavior. I don’t miss them.
Yes, they did. But we lost a lot of interesting discussions when we lost them.
Interesting, but rude behavior. No excuse. Bye!
Red thinks @Catbert is, ironically, demonstrating rude behavior with his post.
Not exceedingly surprised,
Red R.
This forum is often one big mirror held up to individual's behaviors.
.
The mirror shines pretty bright on the two of you Joe. You and Red should grab a private room.
just don't tell us about it.
Although often mistaken as the Peace Maker on this forum there really isn't much, I singlehandedly can do to motivate POL's into having a better attitude.
Writing in the First Person,
Red R.
I thought Red had been hacked. Avoid that nasty 1st person. Let lesser men like me use it.
All comments reflect the opinion of the author, even when irrefutably accurate.
Those first three named earned their fate, sometimes repeatedly for violating forum rules of behavior. I don’t miss them.
Yes, they did. But we lost a lot of interesting discussions when we lost them.
Interesting, but rude behavior. No excuse. Bye!
Red thinks @Catbert is, ironically, demonstrating rude behavior with his post.
Not exceedingly surprised,
Red R.
This forum is often one big mirror held up to individual's behaviors.
.
The mirror shines pretty bright on the two of you Joe. You and Red should grab a private room.
just don't tell us about it.
Although often mistaken as the Peace Maker on this forum there really isn't much, I singlehandedly can do to motivate POL's into having a better attitude.
Writing in the First Person,
Red R.
I thought Red had been hacked. Avoid that nasty 1st person. Let lesser men like me use it.
Oh, sometimes Red is hacked yet he quickly gets over it.
Trying to not be moody,
Red R.
@ChrisH821 said:
I get irritated when offered "75% of bid because I might have to sell to another dealer".
Retail buyers want to be able to buy at wholesale levels ("Why are you charging me more than your dealer buddies?"). Many dealers take the path of least resistance, use greysheet values as "retailish" pricing for their inventory and when offered coins by collectors, quote a price lower than greysheet. Because, of course, you can't buy and sell at the same price and stay in business and wholesale sales to other dealers are a thing.
edited to add... If you want to avoid the "75% of bid because I might have to sell to another dealer" situation, make sure you sell to a dealer who has retail customers for the coin you're selling.
While I don't think collectors need to be aware of Greysheet pricing, it certainly makes them smarter and more equipped collectors when they do. I've made a couple of my better pickups over the years because I was simply aware of the Greysheet bid pricing.
"Your mileage will vary" as they say, but I've caught 2 or 3 glaringly underpriced to bid cost stickers on coins in a dealer's case, and they seemed to be none the wiser in the moment when I then proceeded to ask them for their best price on it. Once I caught a deal when the dealer themselves were using a few months older edition of Greysheet to quote me a price, but I actually knew that coin since had a favorable price increase in the most recent edition on this particular date / grade.
Frankly I encounter a lot of players in the dark on that. Suggest get an online subscription which shows CPG and CDN Bid.
Well a lot of them want to buy at bid lol. It is what it is. CDN bid is a wholesale value basis for dealer offers and flipping.. Larry (buying) is usually 10 pct behind CDN bid to walkup sellers. Sometimes bought nice from stuff him at 5 pct above bid to spruce up retail inventory, investment. A process part of the show food chain.
CDN CPG is a price based on CDN bid.
At certain shows I setup a wholesaler who has a shop and has numerous coins at bid or slightly over. Dealers try to get there b4 public is let in to pickup deals for retail inventory.
As far as someone trying push buying at bid on some item I may ask them if they have one sell me at that.
I don't. We lost a lot of good people. Skip Fazzari, Roger Burdette, Laura. Even Mark Feld at one time.
Those first three named earned their fate, sometimes repeatedly for violating forum rules of behavior. I don’t miss them.
.
Well, I will play nice and put it this way:
I'm glad that Mark Feld is still here and I wouldn't mind if Skip Fazzari came back.
I'll leave it at that.
.
Lol.
Skip was my favorite of the 3 MIAs. But while I sometimes found Laura abrasive and often found Roger to be stubborn and condescending, they did spark interesting discussions and livened the place up.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes dealers can (not tear off obsolete price tags) and unfortunately for the dealer give something away. However my team is ahead of that -
What I do I have an inventory cost code. I used to put a retail price code on too but with current fast pace mkt may leave those off. Which leaves just cost plus in quoting prices or doing quick pricing review, update at my table. With CDN digital on phone seller can research quickly CPG / Bid). Then quote price. Kind of like a QB read at the line of scrimmage…. Setting up handoff, pitch or pass for good yardage.
Well that’s the risk of RCI. If buy something that tanks in mkt, then seller will probably have to take loss to move it or just take it off mkt until back in the green.
I had one coin series like that yrs ago. Could not sell in the green on those coins. Took them off mkt to sdb for awhile.
Discovered the currency mkt and the banknotes easily filled those areas on my table plus could be stacked! Good sales / profit on them too. Many beautiful Gem CU. Got to know some currency dealers who had neat stuff which made their share of yardage. As my profiency increased discovered National Banknotes (NBN). Then discovered the Kelly Book on NBN. Even setup with a friend from the coin club at a major currency show bidding at auction against all the major players in currency including Don C Kelly. Many of the notes I won (Large Size) performed big time for me down the road. Lost on many bids especially those guys deep pocket. On my wins -These were some low pop plus many Gem CU.
@lermish said:
I have been impatiently waiting for the definitive answer to this question. When will @Cougar1978 post to this thread?
Finally! As we all know, @Cougar1978 has cut straight to the heart of what is important to coin collectors without any tire kicking or shenanigans. Like a punt return touchdown, just had to call in the special teams.
Comments
Yes, they did. But we lost a lot of interesting discussions when we lost them.
All comments reflect the opinion of the author, even when irrefutably accurate.
2034
All comments reflect the opinion of the author, even when irrefutably accurate.
My dealer usually gives me grey sheet pricing, I love it, hence why I rarely buy on ebay or auctions.
My current registry sets:
20th Century Type Set
Virtual DANSCO 7070
Slabbed IHC set - Missing the Anacs Slabbed coins
@Cougar1978 is busy formulating his well thought-out response, followed by his edit(s). Give him time.
Interesting, but rude behavior. No excuse. Bye!
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
I get irritated when offered "75% of bid because I might have to sell to another dealer". Your inability to sell above wholesale should not be my punishment.
Otherwise, I guess it's fine?... debating if my subscription is worth the cost, and the app is horribly formatted, IMO.
Collector, occasional seller
You don't stay in business if you buy coins you can't sell. They could just no bid, but that doesn't help either one of you.
All comments reflect the opinion of the author, even when irrefutably accurate.
Red thinks @Catbert is, ironically, demonstrating rude behavior with his post.
Not exceedingly surprised,
Red R.
Collectors prefer I use the Red Book. Some insist.
``https://ebay.us/m/KxolR5
That is when you pull out a 1947 First Edition.
Easy Profit,
Red R.
RedRocket moves to Catbert's ignore list.
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
This forum is often one big mirror held up to individual's behaviors.
All comments reflect the opinion of the author, even when irrefutably accurate.
Nah it's just a message board.
.
The mirror shines pretty bright on the two of you Joe. You and Red should grab a private room.
just don't tell us about it.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Although often mistaken as the Peace Maker on this forum there really isn't much, I singlehandedly can do to motivate POL's into having a better attitude.
Writing in the First Person,
Red R.
I thought you had Joe and Red on ignore?
Joe and Red are having fun. Joe and Red like to share the fun. Expect to see Joe and Red on every thread on the forum, just hanging out and having some F-U-N!
All comments reflect the opinion of the author, even when irrefutably accurate.
I thought Red had been hacked. Avoid that nasty 1st person. Let lesser men like me use it.
All comments reflect the opinion of the author, even when irrefutably accurate.
Oh, sometimes Red is hacked yet he quickly gets over it.
Trying to not be moody,
Red R.
Nope, never said that Joe. Should maybe, but haven't, yet.
.
And frankly, I probably have a lot more fun here, and in the real world, than keyboard warrior wannabe's like the two of you.
But hey, have fun with all that.
Wish you both (or is it just you?) the best.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Retail buyers want to be able to buy at wholesale levels ("Why are you charging me more than your dealer buddies?"). Many dealers take the path of least resistance, use greysheet values as "retailish" pricing for their inventory and when offered coins by collectors, quote a price lower than greysheet. Because, of course, you can't buy and sell at the same price and stay in business and wholesale sales to other dealers are a thing.
edited to add... If you want to avoid the "75% of bid because I might have to sell to another dealer" situation, make sure you sell to a dealer who has retail customers for the coin you're selling.
No.
Yes.
No.
Thank you.
All comments reflect the opinion of the author, even when irrefutably accurate.
.
Well, I will play nice and put it this way:
I'm glad that Mark Feld is still here and I wouldn't mind if Skip Fazzari came back.
I'll leave it at that.
.
While I don't think collectors need to be aware of Greysheet pricing, it certainly makes them smarter and more equipped collectors when they do. I've made a couple of my better pickups over the years because I was simply aware of the Greysheet bid pricing.
"Your mileage will vary" as they say, but I've caught 2 or 3 glaringly underpriced to bid cost stickers on coins in a dealer's case, and they seemed to be none the wiser in the moment when I then proceeded to ask them for their best price on it. Once I caught a deal when the dealer themselves were using a few months older edition of Greysheet to quote me a price, but I actually knew that coin since had a favorable price increase in the most recent edition on this particular date / grade.
Frankly I encounter a lot of players in the dark on that. Suggest get an online subscription which shows CPG and CDN Bid.
Well a lot of them want to buy at bid lol. It is what it is. CDN bid is a wholesale value basis for dealer offers and flipping.. Larry (buying) is usually 10 pct behind CDN bid to walkup sellers. Sometimes bought nice from stuff him at 5 pct above bid to spruce up retail inventory, investment. A process part of the show food chain.
CDN CPG is a price based on CDN bid.
At certain shows I setup a wholesaler who has a shop and has numerous coins at bid or slightly over. Dealers try to get there b4 public is let in to pickup deals for retail inventory.
As far as someone trying push buying at bid on some item I may ask them if they have one sell me at that.
Lol.
Skip was my favorite of the 3 MIAs. But while I sometimes found Laura abrasive and often found Roger to be stubborn and condescending, they did spark interesting discussions and livened the place up.
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes dealers can (not tear off obsolete price tags) and unfortunately for the dealer give something away. However my team is ahead of that -
What I do I have an inventory cost code. I used to put a retail price code on too but with current fast pace mkt may leave those off. Which leaves just cost plus in quoting prices or doing quick pricing review, update at my table. With CDN digital on phone seller can research quickly CPG / Bid). Then quote price. Kind of like a QB read at the line of scrimmage…. Setting up handoff, pitch or pass for good yardage.
It’s just all fun and games.
What if stuffed in the backfield? What then?
"She comes out of the sun in a silk dress,
running like a water color in the rain...."
Well that’s the risk of RCI. If buy something that tanks in mkt, then seller will probably have to take loss to move it or just take it off mkt until back in the green.
I had one coin series like that yrs ago. Could not sell in the green on those coins. Took them off mkt to sdb for awhile.
Discovered the currency mkt and the banknotes easily filled those areas on my table plus could be stacked! Good sales / profit on them too. Many beautiful Gem CU. Got to know some currency dealers who had neat stuff which made their share of yardage. As my profiency increased discovered National Banknotes (NBN). Then discovered the Kelly Book on NBN. Even setup with a friend from the coin club at a major currency show bidding at auction against all the major players in currency including Don C Kelly. Many of the notes I won (Large Size) performed big time for me down the road. Lost on many bids especially those guys deep pocket. On my wins -These were some low pop plus many Gem CU.
Finally! As we all know, @Cougar1978 has cut straight to the heart of what is important to coin collectors without any tire kicking or shenanigans. Like a punt return touchdown, just had to call in the special teams.
chopmarkedtradedollars.com