How much of coin sales by big dealers are lovingly placed, and how much is simply product that is ab
Longacre
Posts: 16,717 ✭✭✭
My secretary handed me a letter seconds ago from one of the BIG auction houses. I opened the letter myself and took a look at the contents. In it, the letter stated, in part:
"We have registered [website reference, edited for confidentiality purposes] demand exceeding $350 million at [website reference, edited for confidentiality] from our clients, but in truth, we have additional demand from our private treaty clients that could absorb $50 million in short order."
I can completely understand that the numismatic hoi polloi who shop on the website of this firm can be referred to as people who "absorb" coin product. But I was a little shocked that the exclusive private treaty clients are viewed as "absorbing" coins, rather than having them lovingly placed with the utmost of personal service. In particular, $50 million seems like a big number that can be "placed" in "short order".
How much of a big firm's sales are typically placed with a personal touch, or are all clients treated as ones who simply absorb product?
"We have registered [website reference, edited for confidentiality purposes] demand exceeding $350 million at [website reference, edited for confidentiality] from our clients, but in truth, we have additional demand from our private treaty clients that could absorb $50 million in short order."
I can completely understand that the numismatic hoi polloi who shop on the website of this firm can be referred to as people who "absorb" coin product. But I was a little shocked that the exclusive private treaty clients are viewed as "absorbing" coins, rather than having them lovingly placed with the utmost of personal service. In particular, $50 million seems like a big number that can be "placed" in "short order".
How much of a big firm's sales are typically placed with a personal touch, or are all clients treated as ones who simply absorb product?
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)
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)
0
Comments
"Money held by someone like Nelson Rockefeller will trickle down... trickle down... trickle down... to Jay Rockefeller!"
I still have no need for it, I am still accumulating...
Commems and Early Type
<< <i>I can tell you that when I compete for coins against collectors who buy plastic, I always take back seat to those with an open checkbook, so I think most dealers are ready to deal 100% with the absorbers if they could find enough of them. Absorbers never send overgraded or AT coins back after all...they are just happy to first in line to absorb. >>
Absorbers
A) Coin dealers who sell coins part time as a hobby, and only sell things they would buy for their own collection.
Type A dealers place 100% of their coins "lovingly." Type B just wants to keep them moving, because the alternative might be poverty. Most dealers fall somewhere in between, but I try to seek out Type A dealers and stick with them.
Moving "product" is the name of the game in retail or at least what it has become.
I share your wishes for a kind loving Numismatic world.
However, my expectations are grounded by reality
"Seu cabra da peste,
"Sou Mangueira......."
<< <i>
<< <i>I can tell you that when I compete for coins against collectors who buy plastic, I always take back seat to those with an open checkbook, so I think most dealers are ready to deal 100% with the absorbers if they could find enough of them. Absorbers never send overgraded or AT coins back after all...they are just happy to first in line to absorb. >>
Absorbers
Sponge worthy?
They're just round disks, which need to moved, just like any other inventory.
I just don't know anymore
``https://ebay.us/m/KxolR5