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Originally Posted by Siwash  How many dealers really expect the rush when you try to buy stuff from them? How many expect haggling or negotiating over price? How receptive are they generally to whittling things down a bit?
I'm just curious. I have no qualms about offering a lower price when it comes to antiques, but I don't know coin etiquette. |
If respectful 10%, buy a lot, 15% become a customer for life sometimes 25%.
It's all supply and demand just like everything else. When I get a good deal on something I can pass it on. When I'm tight I cannot. It is also very coin specific. For instance on a Mint State twentieth century Type coin that is not a key date the amount of money off the asking price will generally be more - On a key date in original beautiful condition there may be no discount - we don't have to on the second coin - it will sell for full price, in other words again, supply and demand.
With silver and gold it will be a very close margin because it's just to volatile.
The thing to remember with any coin is 99% of the time "the dealer who has the coin you may want knows more than you do"!
The trick is to find the coin value where you may know more than the dealer, that's when you may score a home run.
The way you do this is again, buy the book, buy the book! Study the price guilds, what for trends, and most of all follow your own path knowing full well it may take you five or more years just to begin to get a grip on this "coin business thing!
One more thing then I'll shut up - don't be afraid to make mistakes. I always learn more from my mistakes and really hard lessons than I do from my successes!
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