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A Question For Dealers Regarding Offers On Coins

This is something that I have always had a problem with. I see a coin, I love the coin, then I see the price and just have to walk away because I don't feel comfortable offering what I think the coin is worth and risk upsetting or offending said dealer with a "low ball" offer.

Here's an example.

I found a gorgeous coin. I love this coin on this dealer's website. Then I see the price of nearly $1,200.00 and figure well let's check out HA and a few other places to see what that coin has been bringing. HA shows same grade same year going for $333, $520, $500.

PCGS price guide says $500.

Yet I don't feel comfortable offering that amount when the dealer obviously values it at so much more. The coin DOES have exceptional eye appeal I will not deny that. Lovely toning, but an extra $700 for it?

How would you handle this situation if you were the buyer looking in? Make the offer?

How about if you were the dealer getting such a low offer on a coin you've priced so high?
Justin From Jersey

Successful Transactions With: JoeLewis, Mkman123, Harry779, Grote15, gdavis70, Kryptonitecomics
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    DRUNNERDRUNNER Posts: 3,945 ✭✭✭✭✭
    A very good question. I am not a 'dealer' in the true sense, so I will be interested to see what the dealers here say. I have seen the similar situation many times .

    Drunner
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    TomBTomB Posts: 22,963 ✭✭✭✭✭
    As long as the dealer is a reasonable person and your communication is friendly then I see no reason why you shouldn't ask in person or send an email or PM stating that you think the ocin is quite attractive and inquiring about any special attributes that make the coin unique or special with respect to others of the issue. Again, most dealers will engage in a dialogue with you if you are polite and show some interest. If you found anything on my site and that "WTF?!?!" I would hope you would send me a question about the coin.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
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    savoyspecialsavoyspecial Posts: 7,360 ✭✭✭✭
    offers are fine and are never offensive, so long as they are sincerely made

    www.brunkauctions.com

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    RampageRampage Posts: 9,661 ✭✭✭✭✭
    I would delicately explain "recent" archived auctions at HA or eBay and email the seller and ask why his is priced at $1200. It may be a simple error on his/her part. Or, may be just an unrealistic asking price that he/she has too much in the coin to come down.




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    djdilliodondjdilliodon Posts: 1,938 ✭✭
    If the dealer has it priced at $1200 and the average example in the same grade goes for say $500, you gotta offer obviously more than $500. How much more is upto you. Making an offer on anything is not an insult even if its low. The seller can just refuse it or counter it. I deal with a local shop all the time and they do not give me prices on anything. If I find what I like I make an offer. Many times they except it and sometimes they counter ect. I say come up with what YOU feel comfortable with paying and send that offer over image.
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    BanemorthBanemorth Posts: 986 ✭✭✭
    Great replies guys thank you image

    I really think $500 is fair I just checked Ebay and same year same grade:

    Buy It Now: 345, 419

    Recently Sold: 410, 420 (Both Best Offers)
    Justin From Jersey

    Successful Transactions With: JoeLewis, Mkman123, Harry779, Grote15, gdavis70, Kryptonitecomics
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    TomBTomB Posts: 22,963 ✭✭✭✭✭
    One thing I will caution about giving out substantially low offers relative to the stated price is that the seller might simply believe there is no chance of a deal coming together and may not counter. As an example, if I had a coin at $1,200 on my site and you sent a blind email to me offering $500 (with no explanation) then I would no doubt respond with a short, polite email to decline the offer and I would make no attempt to further a potential transaction with you.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
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    stmanstman Posts: 11,352 ✭✭✭✭✭
    If I was that far apart on price, I'd probably just move along. Otherwise you could ask for their best price. If it's way more eye appealing then other examples from your searched value then you need to step up, or move on. As far as telling/showing the dealer what others have sold for at different locations I wouldn't bother with that and they might take you wrong.

    I had a very nice coin one time on the BST here. I paid up for it and was basically asking a price that was a slight loss. I had one or two folks that were kind enough to show me all previous auction listings. Then they asked what would be my price now (like they changed my mind)

    I didn't care for how it was presented to me so I just told them they should have bought one of the others ones they pointed out image, and not my "overpriced" one. A very smart dealer bought the coin from me.

    Edit, Sorry, I'm not a dealer so I guess I shouldn't have replied.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I have no problem at all of just clicking the mouse and moving to another site when there priced that way.image
    I really think some listers love their coins a lot more than I do.image
    image
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    well i have run into this issue before ...

    One was a dealer asking 900 for a 400 dollar coin .. i sent in a offer of 450 ( 50 above price guide ) I thought ok reasonable he should make 10- 12 % on the sale ... The answer i got was DONT INSULT ME WITH THAT LOWBALL OFFER ... needless to say i didn't buy the coin or will ever buy anything from that dealer,

    Second was a 2699 coin ... i saw in the research of the cert it last sold at the LB auction for 1800 ... i offered price guide of 2100 .. and finally came to terms at 2250 ... Good dealer and nice coin ...


    Bottom line . make the offer and if he gets insulted and doesn't want to deal go somewhere else .. Theres always more coins from someone else who is rational


    the money you save by making those offers = MORE COINS image
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    MrEurekaMrEureka Posts: 24,679 ✭✭✭✭✭
    As usual, it depends. It depends on your pre-existing relationship and credibility with the seller, or lack of same. It depends on if the dealer overprices everything, in which case I'd say that he's almost inviting counteroffers. And so on, and so on.

    But in general, I'd tread lightly before making a counteroffer that's not in the same ballpark as the listed price. In your case, I would probably not recommend a brutal counteroffer as your first move. Better to try something like, "That coin looks amazing but I can't see paying anywhere near the quoted price. If you have a lot of room, let's talk. Otherwise, thanks but no thanks." At that point, the dealer will either let you down gently, or he'll be very quick to tell you everything you need to know about the coin. When he's done, you'll have a pretty good idea what sort of counteroffer you'll need to make to have a chance of getting the deal done.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    This is a scenario where you need to put into practice both your knowledge and negotiation skills. These situations will be more common place than not when dealing face to face with a DEALER . Be engaging and polite. Once you have developed a mutual respect for each other, you can better approach the " ART Of Negotiation " . Remember, sometimes it will take more than one trip to this DEALER to discuss this COIN.
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    airplanenutairplanenut Posts: 22,702 ✭✭✭✭✭
    Well, if there are cheaper coins on ebay, why not just buy one of them? If this coin is truly nicer, maybe it's worth significantly more, too. What's the price in the next grade up? How many examples look as good as or better than this one? How long would it take to find one of them? All of those may justify the asking price, or perhaps just a price well above the trends. When there's a huge disparity, I would guess it highly unlikely than an offer of the Heritage trends would get you far. Better to discuss the piece and get a feel for it, and then decide how high you're willing to come, and how good, or bad, the asking price is.
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
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    AnkurJAnkurJ Posts: 11,375 ✭✭✭✭
    I have run into many dealers who have prices beyond market levels. I have tried making offers once or twice. After being shot down, I dont bother viewing their inventory or websites anymore.

    It seems there are those dealers who are reasonably priced, and those that have prices well above market value, and they find ways to justify their prices. In some cases I have found the exact coin sold at auction a few months ago for hundreds less. One example was a coin which sold at auction in May for $300, and this month the dealer has the coin marked at $550. I offered $400 thinking it was a fair offer and left them a decent profit. I was shot down. Needless to say, I dont bother with this dealer even though they have nice coins as I have no interest in being buried.

    Another example was a coin I saw on a dealers site priced at $20,000. The dealer was going to be at Baltimore, and I was planning to offer $18,000 for the coin. When I got to their table, I saw the coin, but the price was $32,000! I told him it was listed online at much less, and he refused to beleive me. When I showed him the listing on my Iphone, he said, Oops! I listed it at my cost! Quite a markup no? He still has the coin, and I probably wont bother buying from him in the future.

    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
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    I agree that respect is always key. As a buyer, I would probably ask the dealer what about the coin is commanding a much higher price than the trend. There could be the chance that you have missed something about it. The dealer will probably ask what the trend is that you have found, opening up the conversation for you to get the price down to what is more realistic based on trend, not necessarily what YOU think the coin is worth. If the dealer gets offended, he is getting offended at what the market says the coin is worth, not what you have "offered". That being the case, is that a dealer you even want to work with? For me, it's a resounding no.
    A dealer that I frequently buy coins from is always open to what the trend prices are. I have used eBay sold prices several times to help justify the cost of a coin with positive results.
    "When I die I want to go peacefully in my sleep like grandpa did, not screaming like the rest of the people in his car."
    --- Jack Handy

    Positive BST transactions with members - Tander123, Twincam, UtahCoin, ianrussell
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    TinyTiny Posts: 2,598

    My first contact would be to ask if there is any room (lower amount) in the price for the coin.
    Also ask if there is room would HE give you a figure or amount that he might take for it.
    That way you are not showing the cards you have in that he may drop the price too your
    idea or you will see if he's still asking way too much and then you reply accordingly, Thank You,
    no harm, no foul.

    You said " I will not deny that. Lovely toning " which automaticly raises the price of a coin
    and for some dealers like I saw at F U N on a Peace Dollar was $2750. & $3750. for nice
    toned coin.
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    WestySteveWestySteve Posts: 567 ✭✭✭
    As a buyer, I'd say something like this:

    "Thats a nice coin. I can't pay what you're asking, but if you ever need to move it out for $700, here's my contact info".

    If the dealer has a problem with that approach, then I'd rather find another dealer.

  • Options
    here is a test case ( well sort of since i am in the market for one and have been looking .. but i thought this would be a good sample )


    Coin 1 $8500



    Now how would you go about offering dealer of Coin 1 the actual real price is really about $5500-6000 or maybe even $5000 since its ANACS graded .. thats about 3K less then his asking.

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    MrEurekaMrEureka Posts: 24,679 ✭✭✭✭✭
    "Thats a nice coin. I can't pay what you're asking, but if you ever need to move it out for $700, here's my contact info".

    If the dealer has a problem with that approach, then I'd rather find another dealer.


    If I were the dealer, and if I know the coin is worth close to my $1200 asking price, I would have a few problems with you taking that approach. The first problem is that you don't know what you're doing, and I know that's going to make it difficult for us to do business in the future. The second problem is that I will think that you're a cheap buyer, which again tells me that it's going to be difficult to do business in the future. And third, you've essentially accused me of taking a vicious shot at you with my first quote, which tells me that it's unlikely I'll ever gain your trust. So as sincere as your offer was, and despite the fact that you thought the price was fair, I'm probably going to toss your contact info into the trash can. Of course, you would never know any of this. I'll simply thank you for your offer and politely pass.

    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    RYKRYK Posts: 35,800 ✭✭✭✭✭
    Andy has given an excellent answer, IMO, that covers most scenarios.

    A couple points that I will add:

    Price guides and often price histories are sufficient for average coins. The OP feels that the example that is offered is exceptional and therefore a price premium is likely warranted.

    Price guides can be wrong and especially have trouble keeping up with scarce issues in great demand.

    Sometimes the seller (dealer or collector) knows the market better than the perspective buyer and knows how, where, and when he can get his price. As a potential buyer, if you are inexperienced and have only casual knowledge of the market for the item, your assumptions may be way off.

    Percentages over or under "price guide" depend greatly on the magnitude of the price. For example, I doubt that many would scoff at buying for $20 an outstanding example of a coin that lists for $10, if the buyer really needed one for the collection. On the other hand, if the price guide is at $10k and the seller wants $20k, there will be justifiably quite a bit more hand-wringing and head-scratching.
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    jesbrokenjesbroken Posts: 11,206 ✭✭✭✭✭
    Phaeton,
    The dealer obviously feels the coin will upgrade from a $6K coin towards a $12K coin and is asking more for this chance of an upgrade. If you truly want the coin and would pay a higher price should the coin upgrade(even if only to a VF35) offer to pay a higher price if and when the coin upgrades and what you both would agree to without the upgrade. Just a thought. I doubt this dealer would jump at an offer they would consider the VF20 price that sold at Heritage in June, even though the coin was pcgs and this one a VF30 ANACS. Seems like a nice original looking coin(a three leaf if I'm right). It all depends upon whether the two of you can be reasonable together or not.
    Good luck.
    Jim

    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
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    MrEurekaMrEureka Posts: 24,679 ✭✭✭✭✭
    The only flaw in you rvery logical reasoning is if the coin is overpriced and not worth close to $1200 and the dealer just plain is wrong on this one.

    If the dealer is "wrong" about the coin, the only way you're going to have a chance at buying the coin is to educate him. If you are an expert on the coin and he isn't, by all means give it a shot. Even if you don't get to buy the coin, the dealer will appreciate the education. But in any event, you will get nowhere with your $700 offer unless you FIRST make your case AND THEN get an invitation to make an offer.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    BigEBigE Posts: 6,949 ✭✭✭
    Just keep things simple and call the dealer and say you are looking for a coin closer in price to the ebay example and if he comes across one to let you know--------------------BigE
    I'm glad I am a Tree
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    jayPemjayPem Posts: 4,095 ✭✭✭✭✭
    This is an interesting question, we collectors know that we are supposed to step up and pay for true, quality coins...but how much ?
    when I find something worth stretching for, I'm usually comfortable with 30-40% over price guide. I see similar pieces offered at 2x, and
    sometimes hitting 3x at auction when things get nuts....usually there is an alternative out there to be dug up at a more reasonable price.
    Monster coins, rarities, top pops...different story.
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    PerryHallPerryHall Posts: 47,515 ✭✭✭✭✭
    When a coin is grossly overpriced, I just move on. I don't need to get buried in any coin. Even if he was willing to give me a discount on his coin it would most likely still be overpriced.

    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

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    ColonialCoinUnionColonialCoinUnion Posts: 10,087 ✭✭✭
    You can offer anything you want on any coin at any time, but no matter how tactfully you communicate your offer, or how skillful an argument you make about the coin's "true" value, I would say that there is very, very little chance of buying anything for less than 50% of the seller's asking price (regardless of if the seller is a dealer or a collector).

    So I would not waste a lot of time worrying about it, and would instead look for a different example from another source that is priced at a level more to your liking.

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    questor54questor54 Posts: 1,351


    << <i>here is a test case ( well sort of since i am in the market for one and have been looking .. but i thought this would be a good sample )


    Coin 1 $8500



    Now how would you go about offering dealer of Coin 1 the actual real price is really about $5500-6000 or maybe even $5000 since its ANACS graded .. thats about 3K less then his asking. >>



    As with everything else offered on eBay by this seller (coins, paper money, etc.) this is an extraordinarily choice item, worth much more than the asking price. After all, it says right in the listing "A tremendous and wonderful rare coin inexplicably undergraded. A monumental opportunity." Don't let the fact that it is in an ANACS holder fool you. I don't know why the seller did not send the coin to our hosts to be graded, but I am sure he had a good reason.

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    PerryHallPerryHall Posts: 47,515 ✭✭✭✭✭


    << <i> The only flaw in you rvery logical reasoning is if the coin is overpriced and not worth close to $1200 and the dealer just plain is wrong on this one.

    If the dealer is "wrong" about the coin, the only way you're going to have a chance at buying the coin is to educate him. If you are an expert on the coin and he isn't, by all means give it a shot. Even if you don't get to buy the coin, the dealer will appreciate the education. But in any event, you will get nowhere with your $700 offer unless you FIRST make your case AND THEN get an invitation to make an offer. >>



    My experience has been that dealers don't appreciate being "educated" by a collector. Most think they are experts and have big egos.


    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

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    questor54questor54 Posts: 1,351


    << <i>

    << <i> The only flaw in you rvery logical reasoning is if the coin is overpriced and not worth close to $1200 and the dealer just plain is wrong on this one.

    If the dealer is "wrong" about the coin, the only way you're going to have a chance at buying the coin is to educate him. If you are an expert on the coin and he isn't, by all means give it a shot. Even if you don't get to buy the coin, the dealer will appreciate the education. But in any event, you will get nowhere with your $700 offer unless you FIRST make your case AND THEN get an invitation to make an offer. >>



    My experience has been that dealers don't appreciate being "educated" by a collector. Most think they are experts and have big egos. >>



    This is when you say something like:

    "Dear Mr. Dealer, whose boots I am not fit to lick, I have been arrogant enough to look at one of your coins, and although I am not worthy to own it, I thought I might ask if I could possibly buy it. To the extent it is possible for a numismatic idiot such as myself, I have done some research on the coin, and was hoping, oh great one, that you would stoop to teach me why this coin, with an auction record of $500, is priced at $1200 in your case. I will stand here humbly, head down, awaiting any words of insight or instruction which may fall upon me, this detestable person."

    Dealers like that sort of thing.
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    ......I don't know - i did not read both pages of this thread ...but:

    If I'm a dealer , and I buy a coin ...........and then you see it and find it's value at $500, but I got it listed @ 1200$ .

    Maybe , just MAYBE , I had to pay significantly more then 500 bucks to acquire the coin you seem to love so much image
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    BanemorthBanemorth Posts: 986 ✭✭✭


    << <i>

    << <i>

    << <i> The only flaw in you rvery logical reasoning is if the coin is overpriced and not worth close to $1200 and the dealer just plain is wrong on this one.

    If the dealer is "wrong" about the coin, the only way you're going to have a chance at buying the coin is to educate him. If you are an expert on the coin and he isn't, by all means give it a shot. Even if you don't get to buy the coin, the dealer will appreciate the education. But in any event, you will get nowhere with your $700 offer unless you FIRST make your case AND THEN get an invitation to make an offer. >>



    My experience has been that dealers don't appreciate being "educated" by a collector. Most think they are experts and have big egos. >>



    This is when you say something like:

    "Dear Mr. Dealer, whose boots I am not fit to lick, I have been arrogant enough to look at one of your coins, and although I am not worthy to own it, I thought I might ask if I could possibly buy it. To the extent it is possible for a numismatic idiot such as myself, I have done some research on the coin, and was hoping, oh great one, that you would stoop to teach me why this coin, with an auction record of $500, is priced at $1200 in your case. I will stand here humbly, head down, awaiting any words of insight or instruction which may fall upon me, this detestable person."

    Dealers like that sort of thing. >>



    image

    I love it.
    Justin From Jersey

    Successful Transactions With: JoeLewis, Mkman123, Harry779, Grote15, gdavis70, Kryptonitecomics
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    PerryHallPerryHall Posts: 47,515 ✭✭✭✭✭


    << <i>Maybe , just MAYBE , I had to pay significantly more then 500 bucks to acquire the coin you seem to love so much image >>



    Maybe, just MAYBE you are now hopelessly buried in that coin.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

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    BanemorthBanemorth Posts: 986 ✭✭✭


    << <i>

    << <i>Maybe , just MAYBE , I had to pay significantly more then 500 bucks to acquire the coin you seem to love so much image >>



    Maybe, just MAYBE you are now hopelessly buried in that coin.image >>



    My thinking. I actually just came across another one on Heritage that's just as nice. Going to try my luck there image
    Justin From Jersey

    Successful Transactions With: JoeLewis, Mkman123, Harry779, Grote15, gdavis70, Kryptonitecomics
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    MoldnutMoldnut Posts: 3,116 ✭✭✭✭


    << <i>

    << <i>

    << <i>Maybe , just MAYBE , I had to pay significantly more then 500 bucks to acquire the coin you seem to love so much image >>



    Maybe, just MAYBE you are now hopelessly buried in that coin.image >>



    My thinking. I actually just came across another one on Heritage that's just as nice. Going to try my luck there image >>



    You may have better luck on ebay. Heritage auctions tend to be fully priced.
    Derek

    EAC 6024
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    << <i>

    << <i>here is a test case ( well sort of since i am in the market for one and have been looking .. but i thought this would be a good sample )


    Coin 1 $8500



    Now how would you go about offering dealer of Coin 1 the actual real price is really about $5500-6000 or maybe even $5000 since its ANACS graded .. thats about 3K less then his asking. >>



    As with everything else offered on eBay by this seller (coins, paper money, etc.) this is an extraordinarily choice item, worth much more than the asking price. After all, it says right in the listing "A tremendous and wonderful rare coin inexplicably undergraded. A monumental opportunity." Don't let the fact that it is in an ANACS holder fool you. I don't know why the seller did not send the coin to our hosts to be graded, but I am sure he had a good reason. >>




    Just went through his other offerings... i am impressed with his selection ..seems to be a very good dealer
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    MrEurekaMrEureka Posts: 24,679 ✭✭✭✭✭
    My experience has been that dealers don't appreciate being "educated" by a collector. Most think they are experts and have big egos.

    More often than not, the dealer is the more expert party to the negotiation. That's why I qualified my statement by saying "If you are an expert on the coin and (the dealer) isn't", which is sometimes the case.

    In fact, I'm often in that situation, especially with world coins. So if I buy a collection and it contains some Lithuanian thingamajig that my quick research says should be about $1000, and I offer it to a sophisticated collector at that price, I welcome his feedback. Depending on all kinds of things, I may believe him completely or ignore him completely. But I still welcome his feedback, and I may even decide to take his sharp counteroffer.

    But if I quote a collector $5000 for a US pattern - an area where I know exactly what I'm doing - and he counters out-of-the-blue at $3000, I'm going to politely but very clearly signal that the negotiations are over.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • Options


    << <i>

    << <i>

    << <i> The only flaw in you rvery logical reasoning is if the coin is overpriced and not worth close to $1200 and the dealer just plain is wrong on this one.

    If the dealer is "wrong" about the coin, the only way you're going to have a chance at buying the coin is to educate him. If you are an expert on the coin and he isn't, by all means give it a shot. Even if you don't get to buy the coin, the dealer will appreciate the education. But in any event, you will get nowhere with your $700 offer unless you FIRST make your case AND THEN get an invitation to make an offer. >>



    My experience has been that dealers don't appreciate being "educated" by a collector. Most think they are experts and have big egos. >>



    This is when you say something like:

    "Dear Mr. Dealer, whose boots I am not fit to lick, I have been arrogant enough to look at one of your coins, and although I am not worthy to own it, I thought I might ask if I could possibly buy it. To the extent it is possible for a numismatic idiot such as myself, I have done some research on the coin, and was hoping, oh great one, that you would stoop to teach me why this coin, with an auction record of $500, is priced at $1200 in your case. I will stand here humbly, head down, awaiting any words of insight or instruction which may fall upon me, this detestable person."

    Dealers like that sort of thing. >>




    image
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    BanemorthBanemorth Posts: 986 ✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Maybe , just MAYBE , I had to pay significantly more then 500 bucks to acquire the coin you seem to love so much image >>



    Maybe, just MAYBE you are now hopelessly buried in that coin.image >>



    My thinking. I actually just came across another one on Heritage that's just as nice. Going to try my luck there image >>



    You may have better luck on ebay. Heritage auctions tend to be fully priced. >>



    I have my eye on Ebay too but I'm willing to pay full price; that was never an issue. I'd be happy paying the average going rate of $500 on Heritage. I just can't see how somebody can get so far away from the market average.
    Justin From Jersey

    Successful Transactions With: JoeLewis, Mkman123, Harry779, Grote15, gdavis70, Kryptonitecomics
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    questor54questor54 Posts: 1,351


    << <i>

    << <i>

    << <i>here is a test case ( well sort of since i am in the market for one and have been looking .. but i thought this would be a good sample )


    Coin 1 $8500



    Now how would you go about offering dealer of Coin 1 the actual real price is really about $5500-6000 or maybe even $5000 since its ANACS graded .. thats about 3K less then his asking. >>



    As with everything else offered on eBay by this seller (coins, paper money, etc.) this is an extraordinarily choice item, worth much more than the asking price. After all, it says right in the listing "A tremendous and wonderful rare coin inexplicably undergraded. A monumental opportunity." Don't let the fact that it is in an ANACS holder fool you. I don't know why the seller did not send the coin to our hosts to be graded, but I am sure he had a good reason. >>




    Just went through his other offerings... i am impressed with his selection ..seems to be a very good dealer >>



    Yes indeed. In fact, I think he used to own the currency grading company CGA, but as I understand it, there was some lawsuit and he no longer owns it. I'm not sure about the details, but it may have to do with the mis-grading of notes - but I am not at all sure about that. I believe CGA is now under new ownership and they now put a '*' on their holders to distinguish the notes graded by the current ownership from the notes which were graded when the eBay seller we are discussing owned the company.

    I am curious as to why this coin is not in a PCGS holder though.
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    Thats what got me as well .... seems a little strange to me
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    questor54questor54 Posts: 1,351
    I would have thought a valuable coin like that would be worth a few bucks to send into our hosts unless there was some reason not to. Especially if the seller thinks it is undergraded. But, what do I know?
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    BarberFanaticBarberFanatic Posts: 671 ✭✭✭✭


    << <i>I have my eye on Ebay too but I'm willing to pay full price; that was never an issue. I'd be happy paying the average going rate of $500 on Heritage. I just can't see how somebody can get so far away from the market average. >>



    I'm sorry, but this has to be said. Occasionally, a dealer who "specializes" in a particular series thinks he is so numismatically superior to anyone else who deals or collects in that series, that just because he possesses a coin in his inventory that makes the coin "special" somehow and it then becomes worth a MINIMUM of 50% above what the current market says that coin is worth. Essentially, he thinks that anyone should feel honored to own a coin that was sold by him. As if somehow because he is the one who sold the coin that means it carries some special provenance. There is one dealer, who will remain nameless because he is a forum member, I absolutely REFUSE to do business with because he has this exact attitude and pricing structure. I know this because I've engaged him in conversation at a couple of large coin shows and it's quite obvious from hearing him speak. The last thing I will say on this matter is that it's not any of the dealers here who specialize in Barber material.
    My current coin collecting interests are: (1) British coins 1838-1970 in XF-AU-UNC, (2) silver type coins in XF-AU with that classic medium gray coloration and exceptional eye appeal.
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    questor54questor54 Posts: 1,351


    << <i>

    << <i>I have my eye on Ebay too but I'm willing to pay full price; that was never an issue. I'd be happy paying the average going rate of $500 on Heritage. I just can't see how somebody can get so far away from the market average. >>



    I'm sorry, but this has to be said. Occasionally, a dealer who "specializes" in a particular series thinks he is so numismatially superior to anyone else who deals or collects in that series, that just because he possesses a coin in his inventory that makes the coin "special" somehow and it then becomes worth a MINIMUM of 50% above what the current market says that coin is worth. Essentially, he thinks that anyone should feel honored to own a coin that was sold by him. As if somehow because he is the one who sold the coin that means it carries some special provenance. There is one dealer, who will remain nameless because he is a forum member, I absolutely REFUSE to do business with because he has this exact attitude and pricing structure. I know this because I've engaged him in conversation at a couple of large coin shows and it's quite obvious from hearing him speak. The last thing I will say on this matter is that it's not any of the dealers here who specialize in Barber material. >>



    image
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    MrEurekaMrEureka Posts: 24,679 ✭✭✭✭✭
    I am curious as to why this coin is not in a PCGS holder though.

    Crazy thought, but maybe you could try asking the seller?
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
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    questor54questor54 Posts: 1,351


    << <i>I am curious as to why this coin is not in a PCGS holder though.

    Crazy thought, but maybe you could try asking the seller? >>



    I would do so if I was in the market for the coin, I am not.

    Phaethon and I were just discussing the coin in general terms. I have no idea if he is in the market for the coin or not.
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    Well i think thats a good course to follow,, will ask ..

    And yes I am in the market for one ... plan on having a sister set by end of year

    1795 FH and DB
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    questor54questor54 Posts: 1,351
    Phaethon, That will be a great set! Please post pictures here, if you like, so we can see the 'sisters'!

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