The worst insulting deal anyone has ever offered you.

Then you know who `I`m talking about , sells alot of watches also

 

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I don't get insulted from coin "deals". When presented with a "deal", I simply pass or play...Mike

 

The worst deal I was ever offered was actually for baseball cards, not coins. I have quite a few nearly perfect cards from the 1950s and early 60s including many hall of famers and a dealer offered to buy them for $3 per pound.

 

I know exactly who you're talking about Charles...=/

 

Dealer offered me $6 for a BU morgan.

 

i'm sorry, but i never would sell to a dealer, i'd expect nothing but low balling.

grizz

 

less than 70% of current retail to me is low balling.

 

Wouldn't low balling be like grading? Subjective.

I actually just sold my local dealer a few proof sets at $2 under bid. Common sets and he just happened to need them and I had them.
Why? We've been doing business for years so I "scratched his back". He's done the same for me on many occasions.

 

I just the other day paid PQ price for a NGC MS 62 1879 CC VAM 3 Capped CC , some might say that I got taken for a ride but look ahead a couple of years at where this coin will be , and how many of these do you know of that are for sell at this grade or higher? VERY FEW , get them if you can !!!!!

 

I think that "current retail" is based on demand of any one product-coin- , high demand high retail

 

Well said, auctions are for me, the most accurate determination of value, thats exactly that, what someone is willing to pay.

 

Generally I really don't define current retail because there ARE so many variables involved. I do consutlt Greysheet, auctions and a few magazines as well. That gets me a feel for it as it were.
One has to go by "gut feeling" too. Sleepers in my case - what were the mintage figures, how popular is the series, how many remain?

This in mind I think we've both shown that retail is subjective. I rarely sell but when I do it's at a comfortable level. Same goes for buying.

 

I'd say this is my philosophy as well.

 

When I was trying to sell all the missing edge inscription washington dollars, Dealers got very upset when they found out I was having my wife call and inquire about getting one of those error coins she saw in the USA Today. She was told by most dealers to expect to pay about $100 to $200 for an ungraded one.

Then, I found out just how unscrupulous some dealers can be. I had some of them no budge from $20 after examing the coins.

In the course of my expedition to sell these coins, I found two shops to be honest. One was Jim's Coins in Madison and the other was Harbor Coins in Winthrop Harbor. The quotes they gave were not necessarily the best, but they commensurated with the prices they listed the coins at once they put them in their cases. Pleasantly enough, they listed their coins cheaper than all of the other dealers I did sell to.

Also of note were a coin shop in Glenview and one in Arlington Heights. They did pay a fair price, but I didn't get that warm welcome feeling like I did at the two I mentioned above.

Those few weeks taught me which coin shops I truely plan to avoid. When I came in, all they saw was Sucker and Profit written on my forehead and treated me as such.

 

With regard to the dollars My understanding of the dealers buying those is that most were concerned they were faked (sanded) vs real & didn't want to invest too much into them. They are also hot now but cools off eventually, same reason. Coin dealers put out their money for an item and stock it for a long time before they see (if ever) a return much less profit. In between there are shows, bills, etc, and all sales are dependent on market whims and desires. The SAE 06 sets are another example ~ look at how their trade value has dropped since mid-summer..... I can imagine there are quite a few collectors who had set a magic $$$$ number when to sell theirs and are now wishing they'd sold at $$ rather than waiting or begrudging the dealers who didn't get swept up in the heat of the moment...

 

Per Gatzdon:
I think a section where we can post about good experiences and give kudos to those dealers that deserve it, those that go the extra mile. Few and far between, recognition would be great for them.

 

had a dealer offer me a $100 bag of unsearched unopened 1979 P SBA for $145 he handed me the bag and right were the stitching should have been were staples! He played dumb had no idea and that is what the dealer he bought them off of had said. Should have reported him to the operators of the show.

 

1943-d walking liberty

hi....just saw worst deal ever.....on Craigslist/new york/hudson Valley......a guy is selling a "very rare Half Dollar" a 1943-d!! pic looks about VG, he states it's VERY rare, :goofer:he wants $1000. (1 thousand) unbelievable