SELLING AT A SHOW?

BAJJERFAN · February 25, 2011 4:35AM

Is a dealer likely to pay a little more for a coin early at a show when he can keep it in his case for a couple days with a chance to sell than he would be on the way out at the end?

llafoe · February 25, 2011 5:06AM

The dealers I've worked with have a solid buying strategy... meaning, you could expect the same offer anytime you offered them the coin (based off their preferred reference... percent of PCGS Price Guide, Bid off greysheet, percent over/under spot, etc.).

mustanggt · February 25, 2011 5:55AM

I think it depends on the show. I tend to looks for bargin buys at the end of a show. Some dealers may have bought what they need to by show end. Others may have sold so much they need to replace some inventory. I would offer your coins early and know what price you are willing to accept.

ambro51 · February 25, 2011 6:30AM

The trick is to find a dealer who has a customer who has a want list with your coin on it.

Teva · February 25, 2011 6:50AM

I have seen it work both ways?
But I like early bird when all the dealers are busy buying and selling to each other nothing like competition to get a price up.
Another tip I find usefull is to carry a small briefcase or something visible and most dealers who are buying will ask you if your sellings.
Those tend to be the more aggressive dealers and you don't waste a lot of time with uninterested partys.
How many of you dealers go to shows just to buy?

PerryHall · February 25, 2011 6:54AM

It depends a lot on the dealer's cash flow situation. If the dealer sold a lot of coins at the show and has an excess of cash he may be willing to buy your coins at the end of the show assuming he likes them and has customers for them. If he bought a lot of coins at the show for inventory and is cash poor, he may not want to buy your coins at the end of the show.

ricko · February 25, 2011 6:56AM

So much depends on the dealer's inventory, customer base, want list etc... I believe those factors outweigh the early/late idea. Cheers, RickO

illini420 · February 25, 2011 7:07AM

Why not try selling early, and if you get a fair price then sell it. Geico commercials taught me that a bird in the hand is worth two in the bush.

Of course, if you don't sell early, you'll still have the coin to try to sell late in the show

COALPORTER · February 25, 2011 7:13AM

The best time is right after a dealer has just sold something and has a big pile of cash to work with.

dizzyfoxx · February 25, 2011 7:20AM

The best time to sell to a dealer is.........

--sorry, I just can't think of one. You're better off, IMHO, selling directly to a collector if possible or at auction to maximize your bottom line.

BAJJERFAN · February 25, 2011 7:23AM

Thanks for the responses. Was more or less just an idea that hadn't really crossed my mind before.

SELLING AT A SHOW?

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