I guess this is me just wondering if i'm wrong in thinking this. I have 32 silver dimes up for sale on for sale forum. I have had to offers. 1 not so bad. The other: Took a look at your offering and you're asking right at melt value... If you're flexible at all, I'll buy the dimes.. I'll go $70 shipped... This to me is a smack in the face and that is what i told the member who offered it. Am i to expect to less than 80% of melt value on a coin collectors website?
Most people even on this web site try to get something for nothing. You should get a fair price not a slap in the face. What is your shipping charges? When I buy 90% silver I count the shipping charges in the price I am paying. Right now I am paying 26 times face around here and up to 28 times if its a larger amount (over $300 in face). Have you checked with the local dealers in your area? You could sell on EBAY but after the sale and EBAY takes their 10% to 13% you might be better off to sell them to your local coin shop. Jim
Just say that the price is too low and either make a counter-offer, wait for his counter-offer, or move on.
I had someone ask if I could make them a better deal on a group of auctions that I stated at 99¢. Oh and BTW all of the items listed were certified coins.
Ah yes... business nuts. You get those in business class on the airplane. Must be salted with the tears of small children.
Thank you Abe. Its business, not personal. One should never get insulted in business. If they do, they have too thin of skin to be successful in it. No thank you counters all insulting offers. They get nothing for offering too low, and that is your best revenge as a seller. Chris
Unfortunately, everyone tries to make huge profits on items right now. Quite honestly, I found that a lot of dealers at coin shows are the most fair with buy and sell prices. The last show I attended, guys were buying and selling silver dimes, quarters and halves with a 10% spread based on current melt values. I mean this is affordable enough to swap out your stuff to get something to search. I didn't have any silver with me, but would have jumped at the chance to get some dimes in trade for mine and perhaps find some varieties I need. The thing about low ball offers is that you don't have to accept them. Just counter offer, or tell the guy that you are not interested. gary
Just recently, I sold 28 silver dimes and 4 silver quarters for $95 when melt was floating around $40. I was asking $95 with free shipping and they sold pretty quickly for my asking price. There is never any point in burning bridges behind you. You should have simply said, "No, but thanks for your interest." For one thing, you have no way of knowing what the person's financial status may be. Perhaps that is all he/she could afford. You probably offended him by your response, and you are probably embarrassing him now with this thread. Chris
Melt for your dimes is $96 at current price of $41.80, and it hasn't changed much since I read this thread this morning. However, if you took these to a B&M to sell, you would not receive melt, but an offer of about 26 times face. Your better response to the offer would have been, "I'm sorry but the lowest I would accept is $..... for all of them." It's called haggling. He made an offer, which is too low to you, so you make a counteroffer. You want to sell, you need to use better selling techniques than telling someone their offer is a slap in the face.
Nice post. Another thought could be you could have countered. Maybe the buyer was simply seeing if you would be interested at that price, and if not what your bottom price would be. I know Americans are not exposed a lot to bargaining, but maybe go to a flea market or a pawn shop sometime and just listen to negotiations. There are lots of different styles of negotiating, and low initial offer is one of them. The idea of not burning bridges is a wonderful point. I was helping a dealer once at a show, (I volunteered to help him simply to be around coins), and an 80 year old man came up and was looking at the coins. He was complaining about prices, saying everything too high, just overall grumpy. The dealer I was with was nice as could be, accomodating, helping explain the current market to him, basically doing all he could for someone it seemed would never be a sale. An hour later the man came back, and asked if the dealer liked WL halves. He said yes, and the old man pulled out a pile of 2x2's out of his pocket. They were all 1919d from AU to MS63. He said you were the only nice man at this show, and I would prefer to sell these to you instead of all of the hustlers. About 15 high grade, highly desired coins. LIke what Chris is relating, be pleasant, do not take anything personal in business, and you will be surprised how many opportunities may open up. The fact is many in business are not nice, and by being so you will always have, if not an advantage in every case, never a disadvantage. Sending a note to the person here who you are referring apologizing for this thread could be a start. Chris too!
Okay! I think the OP has gotten the general trend of the responses he could have offered. Now, lets take a look at it from the potential buyers perspective............ There is a medals dealer in Paris from whom, I have purchased quite a few medals over the last 5-6 years. Some of them have been auction wins at extremely good prices, some have been BIN's and some have been "make offers". Last year, this seller had a beautiful medal that I really wanted. He was asking $325 and there was no "make offer", but I really couldn't afford that much. So, I sent the seller an e-mail: Hello, Fouad! I saw this medal (Item #) in your listings, and it is absolutely gorgeous. I hope you won't be offended, but would you consider accepting $225 for it? That is all I can really afford. Please let me know. Thanks, Chris Bear in mind, that there is about 6 hours difference in time, so I sent it about 4am east coast time (10am Paris time). About 10 minutes elapsed and I received his response. He wasn't offended, and he was willing to sell it to me at my offered price. So you see, it can also be a good thing if you don't burn the bridge before you cross it, too. Chris
Yep, it opens a negotiation. Plus, I still see "gold and silver" buyers paying less than that. Its simply not insulting, its just low but shows potential interest. As seller I wold much rather have a low offer than no offer. At least a low offer can be talked about.
