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"I had room in this coin"...is there a better way for a dealer to say he's giving you a br

In another thread, an excessively prominent member of these boards posted a picture of a spectacular newp that he just received. Although he did not ask for a discount, the member indicated that the dealer charged him less than invoice price. The reason? It was because the dealer said "he had room in this coin".

Personally, based on the pictures of the coins that this member buys, I think he should be paying this dealer more than the invoice price. The coins are that nice.

However, that got me thinking. Is there a better way for a coin dealer to exchange pleasantries with a client and give that client a break on a coin, rather than saying, "I had room in this coin"? It just seems very impersonal, and almost implies that the dealer could have charged a lot more, but is charging slightly less (obviously). This is not a knock against the dealer, but perhaps we can come up with a better way to describe a price reduction, rathern than using a description that I view as negative. What do you think?
Always took candy from strangers
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)

Comments

  • pcpropcpro Posts: 139 ✭✭
    Picky picky picky image

    The dealer can say that any way he/she wishes.

    I'll reply "Thanks" ... with the additional "Let me look at some more coins"
    An enthusiastic fan of Kennedy Halves for over 20 years. Always looking for great coins!! Email: wpflack@comcast.net
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    For 10% off, the Coinosaurus will put up with a lot more abuse than "I had room in this coin."

    How about they charge Longacre regular price without choosing to "insult" him instead image
  • DentuckDentuck Posts: 3,824 ✭✭✭
    "I scalped the last owner of this coin --- scalped her, I tell you; an elderly widow who didn't need the money anyway --- and I will happily 'pay it forward' by giving you a generous discount off the retail price."

    "Um... thanks?"


  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>In another thread, an excessively prominent member of these boards posted a picture of a spectacular newp that he just received.... >>

    You are assuming he "just received" it. And, seeing as how the coin looks very familiar, I have good reason to think you are mistaken.image

    That aside, what would YOU suggest that a seller/dealer say (in order to make it less impersonal) when, without being asked, he/she decides to discount a coin from his/her listed price?

    Thanks for the warning - I will be sure never to discount a coin for you. After all, I wouldn't want to offend you, by presenting it to you in the wrong way.image
  • zeebobzeebob Posts: 2,825
    "Special price. Just for you..." Then they wave a calculator at you with a number on it.

    You visited the Silk Street Market... You know how it goes.
  • LongacreLongacre Posts: 16,717 ✭✭✭


    << <i>"Special price. Just for you..." Then they wave a calculator at you with a number on it.

    You visited the Silk Street Market... You know how it goes. >>




    image I spend way too much time at the Silk Market in Beijing. They also always say, "hey, I remember you from the last time...."
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • Could be asking you if you'd like to "get a room".
  • CoinJunkieCoinJunkie Posts: 8,772 ✭✭✭✭✭
    How about: "I ripped the previous owner..."?

    image

    Edit: Whoops, I see that one's already been taken.
  • PerryHallPerryHall Posts: 46,901 ✭✭✭✭✭
    It's dealer lingo. Get used to it.

    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

  • PerryHallPerryHall Posts: 46,901 ✭✭✭✭✭

    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

  • MoldnutMoldnut Posts: 3,113 ✭✭✭✭
    I always liked “The Good Guy Discount” myself.
    Derek

    EAC 6024
  • MarkInDavisMarkInDavis Posts: 1,724 ✭✭✭✭
    If I get a break, the dealer can call it whatever he wants.
    image Respectfully, Mark
  • MidLifeCrisisMidLifeCrisis Posts: 10,563 ✭✭✭✭✭
    Getting a coin for less than you would be willing to pay is always a good thing, regardless of how the dealer puts it.
  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭
    I would have said "and because I appreciate your [return] business and want to continue with having you as a client, I have discounted this coin by x.xx. I look forward to working with you in the future on your collection."
    MLAeBayNumismatics: "The greatest hobby in the world!"
  • As an antique dealer that is a phrase I use all the time, or the reverse " I don't have any room." I don't think it is impersonal, it's just being straightforward.
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  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>I have learned not to go by what any dealer verbally says, until I see the price in writing it isn't the final asking price.....trust me I know from what i am speaking about.image >>

    Alan, thanks for the reminder - I forgot to tell you that you owe me $500 more than was WRITTEN on the invoice.image
  • BearBear Posts: 18,953 ✭✭✭
    I would really like to give

    you a break, which arm

    do you prefer?
    There once was a place called
    Camelotimage
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    if you believe that line you're a bigger sucker than the guy who walks the floor pricing off a RedBook.
  • LongacreLongacre Posts: 16,717 ✭✭✭


    << <i>I would have said "and because I appreciate your [return] business and want to continue with having you as a client, I have discounted this coin by x.xx. I look forward to working with you in the future on your collection." >>





    I sort of like this. image
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>if you believe that line you're a bigger sucker than the guy who walks the floor pricing off a RedBook. >>

    Why would you not believe that "line"? Do you think that the discount was given because the seller DIDN'T have room in the coin?
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,624 ✭✭✭✭✭
    "I won't charge you for the flip", he said. That made me feel good. Then I asked him "How much for the staples ? "
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    because all dealers are essentially self-promoting marketers and their own PR man. i would turn it around and ask you, as i did in a roundabout way of Longacre, why would you believe the line?? any other questions??
  • PerryHallPerryHall Posts: 46,901 ✭✭✭✭✭


    << <i>I would really like to give

    you a break, which arm

    do you prefer? >>



    Good one, bear.image

    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

  • This content has been removed.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>because all dealers are essentially self-promoting marketers and their own PR man. i would turn it around and ask you, as i did in a roundabout way of Longacre, why would you believe the line?? any other questions?? >>

    I'd believe it because I thought or knew it to be the truth.
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    that is your choice, of course. experience teaches us each different things. it has taught me that a dealer won't leave money on the table unless he has a cash flow problem or is stupid. most of the stupid guys don't last long.
  • IGWTIGWT Posts: 4,975
    It's almost certainly true that the dealer "has room" to reduce the price. The unspoken reason for the discount -- which might work better if it were actually spoken -- is that that the dealer appreciates the business and hopes to do more in the future.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>that is your choice, of course. experience teaches us each different things. it has taught me that a dealer won't leave money on the table unless he has a cash flow problem or is stupid. most of the stupid guys don't last long. >>

    I, and plenty of dealers I know, have purposely left "money on the table" on many occasions. And it had nothing to do with cash flow. It has even generated some good will among our fellow dealers and/or clients. Perhaps we were, as you say, "stupid", but we are still in business.
  • "I'm not going to f*** you as hard as I could."
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Seeing why the YN's arn't around as much any more.^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    Sorry but the previous post is in very bad taste IMO.
    image
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    By the way, in the world of wholesale (and retail, too, for that matter), there are some dealers who get well deserved reputations for trying to squeeze the last dollar out of their coins. That's their prerogative, of course, but I generally steer clear of them.

    And on the other extreme, some dealers make a habit of trying to sell every coin they bring to shows. Most fall somewhere between those two extremes.
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭


    << <i>that is your choice, of course. experience teaches us each different things. it has taught me that a dealer won't leave money on the table unless he has a cash flow problem or is stupid. most of the stupid guys don't last long. >>



    No, maybe it is a dealer who has a business practice and sticks to it. Understands his customer base and doesn't try to screw them over or make excuses.
    I've had a dealer, on these boards, give me a few price breaks on new items, without me asking, as well. Actually, a few dealers. Great folks all.
    NONE of them had to sell to me and in more than a few instances, they had other offers (not their telling me either, but other folks saying they were after it and if I didn't want it, they did).

    So, some folks are just too cynical or they project their own way of dealing, and screwing of others, into thinking that is how all other dealers should/do act.

    I can guess who barndog bought the mentioned coin from and the deal would have gone as it was told. No BS, no screwing. Just a clean/honest dealer rewarding a customer who was likely easy to work with.

    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

  • BearBear Posts: 18,953 ✭✭✭
    We are what the world has made us....Suspicious.....cynical.....cautious......angry.
    There once was a place called
    Camelotimage
  • How about...

    "Me love you long time"

    or

    "I make ah SPECIAL wonton for you...."




    ...although, that would only lead to suspicion as to the authenticity of subject coin.



    Indeed.
  • Hah! Bear, it seems we were both thinking about suspicious behavior simultaneously.


    That's a little bit suspicious....
  • imageQuid pro quo. Yes or no?
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    In another thread, an excessively prominent member of these boards posted a picture of a spectacular newp that he just received.

    I have scoured the forum over and over, and I cannot find the thread where I posted my newp. imageimage

    Lately, my dealers have not had any extra room. image
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    it's just shorthand slang for a nicer but longer way of communicating the willingness to cut his profit for a good customer. Somewhat, like saying "flip it" instead of "openly seek out quick offer yielding smaller profit, rather than hold out in inventory for more on the piece and search for buyer who will purchase it for an amount someday that will offer a return that justifies locking up the capital and suffering the opportunity cost of not turning the inventory as fast as if I sell it for cash now.

    Liberty: Parent of Science & Industry

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