That is a good point, Touchdown.... so we get back to the age old "tug'o'war". And we have the age old question, who should present the price ???? I say : THE SELLER, remember... it is the customer offering to sell to a dealer. and a great point about the label on back of the slabs at shows, but again, the SELLER (a dealer at a show) does have a price, even if it is not displayed. Plus, most dealers, if you ask, will usually negotiate price within reason. If they don't, they usually don't last in the business.
and Mark, were you allowed a counter offer ? Seems you could have still turned about 5 grand by countering at $170.
To move that many duplicate coins, I would have to sell the on Ebay. They would still take a month or two to liquidate, to not dilute the price. I figured that they would bring an average of $185 a piece. My selling cost would be $10, leaving a net sale price of $175 each. I figure $25 profit per coin, is fair for the work involved. I would not work for less.
The sign on the door says "Rare Coins, we buy and sell". You have a numismatist behind the counter, who has a stack of price guides in his back pocket and 20 years of experience. You guys are suggesting that it is asking too much for the guy to offer a fair price?
Mark, it's my belief that if you really want to sell something, you should have the price in your head, set, and ready to get rid of it. If someone only "kind of" wants to sell something, in my opinion, they shouldn't bother even entertaining guestimates at price.
Sh*t or get off the pot comes to mind, either you want to sell it, so you do, or you just flat out shouldn't bother with what I'll call "practice selling".
-Daniel
"It is the mark of an educated mind to be able to entertain a thought without accepting it."
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
also i got a question for you what freakin planet are you from??????????????????????????
It of course would be advantageous to the uninformed, to discover the fair value of their holdings before selling. The reality is though, many don't, and are entitled to a fair offer from the dealer.
in theory this the above sounds really good but in reality it is extremely rare to non existant
another question where do you live?? fairy/candy land?/ shangra la??
Excellent point Mark. You have a good point of view with integrity and business sense.
There would still be room for profit on them CC's, though, and yes, the availability keeps the price down to under 200. You could cherry pick and probably get a few 64's , 5's and maybe 66.... but like you say, it would take weeks, if not months to see a profit and profit is the bottom line in business, along with integrity (IMO)
Hopefully, those with questions about this business; it's buy/sell or bid/ask patterns , along with topics like this brought up on message boards, will continue to ask them and can grasp a little bit more as to why there is a reluctance to "Throw" a price out there when dealing with coins. There is a delicate balance and it hinges on FAIRNESS and PROFIT.
another question where do you live?? fairy/candy land?/ shangra la??
I live in Arizona. I am quite successful in my business, and I am always more than happy to make an offer. My business is built on repeat customers, not a series of 1 time rips.
<< <i>The sign on the door says "Rare Coins, we buy and sell". You have a numismatist behind the counter, who has a stack of price guides in his back pocket and 20 years of experience. You guys are suggesting that it is asking too much for the guy to offer a fair price? >>
<< <i>another question where do you live?? fairy/candy land?/ shangra la??
I live in Arizona. I am quite successful in my business, and I am always more than happy to make an offer. My business is built on repeat customers, not a series of 1 time rips. >>
Mark, You are taking the words right out of my mouth. I wish your business were in my neck of the woods.
<< <i>another question where do you live?? fairy/candy land?/ shangra la??
I live in Arizona. I am quite successful in my business, and I am always more than happy to make an offer. My business is built on repeat customers, not a series of 1 time rips. >>
After collecting for more than 40 years, I have noticed the most honest and fair dealers are also the most successful. Is this a coincidence? I think not!!!
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>After collecting for more than 40 years, I have noticed the most honest and fair dealers are also the most successful. Is this a coincidence? I think not!!! >>
I wish I had the same opinion on that subject. I know of several extremely "successful" dealers who are other than " honest and fair" and others who are " honest and fair " but far less "successful".
Tad from "Supercoin" is a prime example of a fair and honest dealer (almost to a fault, if that's possible) who didn't make it in the world of moderns due to other "market" (read: Dealer) manipulations.
Honesty and fainess are very subjective attributes, and are not necessarily a must have to buy or sell quality (or desired) material.
For instance, $3 per gallon gas might not be fair -- some would think it's not fair for the oil companies to "rip" people off, and some think $3 per gallon gas is just OK. In any event, people are still happy just to be able to buy gas and are thankful that the oil companies keep refining it.
Comments
``https://ebay.us/m/KxolR5
-Daniel
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
To move that many duplicate coins, I would have to sell the on Ebay. They would still take a month or two to liquidate, to not dilute the price. I figured that they would bring an average of $185 a piece. My selling cost would be $10, leaving a net sale price of $175 each. I figure $25 profit per coin, is fair for the work involved. I would not work for less.
<< <i>Text >>
I agree and I think all Dealers should read this post.
Sh*t or get off the pot comes to mind, either you want to sell it, so you do, or you just flat out shouldn't bother with what I'll call "practice selling".
-Daniel
-Aristotle
Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
-Horace
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yes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
also i got a question for you what freakin planet are you from??????????????????????????
It of course would be advantageous to the uninformed, to discover the fair value of their holdings before selling. The reality is though, many don't, and are entitled to a fair offer from the dealer.
in theory this the above sounds really good but in reality it is extremely rare to non existant
another question where do you live?? fairy/candy land?/ shangra la??
There would still be room for profit on them CC's, though, and yes, the availability keeps the price down to under 200. You could cherry pick and probably get a few 64's , 5's and maybe 66.... but like you say, it would take weeks, if not months to see a profit and profit is the bottom line in business, along with integrity (IMO)
Hopefully, those with questions about this business; it's buy/sell or bid/ask patterns , along with topics like this brought up on message boards, will continue to ask them and can grasp a little bit more as to why there is a reluctance to "Throw" a price out there when dealing with coins. There is a delicate balance and it hinges on FAIRNESS and PROFIT.
``https://ebay.us/m/KxolR5
I live in Arizona. I am quite successful in my business, and I am always more than happy to make an offer. My business is built on repeat customers, not a series of 1 time rips.
<< <i>The sign on the door says "Rare Coins, we buy and sell". You have a numismatist behind the counter, who has a stack of price guides in his back pocket and 20 years of experience. You guys are suggesting that it is asking too much for the guy to offer a fair price? >>
<< <i>another question where do you live?? fairy/candy land?/ shangra la??
I live in Arizona. I am quite successful in my business, and I am always more than happy to make an offer. My business is built on repeat customers, not a series of 1 time rips. >>
Mark,
You are taking the words right out of my mouth.
I wish your business were in my neck of the woods.
<< <i>another question where do you live?? fairy/candy land?/ shangra la??
I live in Arizona. I am quite successful in my business, and I am always more than happy to make an offer. My business is built on repeat customers, not a series of 1 time rips. >>
After collecting for more than 40 years, I have noticed the most honest and fair dealers are also the most successful. Is this a coincidence? I think not!!!
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>After collecting for more than 40 years, I have noticed the most honest and fair dealers are also the most successful. Is this a coincidence? I think not!!! >>
I wish I had the same opinion on that subject. I know of several extremely "successful" dealers who are other than " honest and fair" and others who are " honest and fair " but far less "successful".
peacockcoins
Honesty and fainess are very subjective attributes, and are not necessarily a must have to buy or sell quality (or desired) material.
For instance, $3 per gallon gas might not be fair -- some would think it's not fair for the oil companies to "rip" people off, and some think $3 per gallon gas is just OK. In any event, people are still happy just to be able to buy gas and are thankful that the oil companies keep refining it.