What the Dealers offering for your coins?

Clembo, thanks for taking the time to post. It is very helpful to try to understand what goes on in the minds of the folks on the other side of the counter.:thumb:

 

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I think it's a great idea to have a price in mind before you go to the dealer. I think it's a less-than-best negotiation tactic to tell the dealer what it is. As soon as you do, you eliminate any chance of ever receiving more.

 

Generally Dealers are good people!! But the problem is they have to eat too
So they will always offer you far less then what the coin is worth, Just because
If they offered you what you paid they would starve...! Enough said!

 

I hope it was a dramatic muuhahaha type laugh, but maybe the guy was short on funds that day and figured the only way he could buy your lot with cash on hand. I am rarely offended by dealers or others figuring to green me, I am like you, I find it a source of amusement.

Next time you are offered a buck for columbian half dollars ask the dealer if you can buy all he has for 5 bucks each.

 

How long ago was that?

If he offered you $1.50 for silver quarters but only a buck for Columbian halves he was obviously trying to take you. The silver alone in a half should have been at least $3 to him.

I'm kinda curious on this one.

 

One thing about dealers,they normally work with a much small client list than other stores/shops/etc. often times they at least recognise or know their return customers,A few small sales and buys from each of your local dealers can go along way towards building trust between you and the dealer,and will greatly smooth a sales transaction going either way,and you'll probably end up on the better end of the sales if the dealer knows you'll be in next week to look things over and maybe buy something.

I would never by choice walk into a unknown dealer with high end or even upper end coins for sale. He don't know you from adam,you might not be trustworthy,you might be selling him a box of hot(stolen)merchandise,or some fake or doctored coins that he might not know about,he don't know if your gonna rob him when he opens the safe for a high dollar buy,you don't have any trust,which is a terrible way to do business.

 

I'd say you have a really good chance of doing a lot of walking then. Dealers buy what they need or can sell at a profit.

An excellent point. If we have a buyer for a coin at $700 for instance and we're willing to pay $600 for it then you walk in the door asking for $450 guess what we'll pay? It's a gift at that point.

 

This was two weeks ago. And guy is not short on caash he seels mainly jewelery. He sells a lot of "hot" aka stolen items all the time. Everyone in the area knows he is a prick, I did my research and knew what I should have been offered per coin however 2x face value for silver. Please get out of here you must be so greedy to do that and sell stolen items.
Sincerely he is the scum of all coin dealers and shop owners, collectors etc. that I have ever meet and most people in my area will agree as well if they have tried to sell him jewelery or coins.

 

yikes I'm glad my dealer is friendly and likes to deal with customers...and I'm sure he's made alot of money off customer service being #1

 

You obviously were selling him coins that were your own for profit. If you had been selling stolen coins to go buy drugs, 1.5 a quarter is rich, man!

A thing to remember, you make your money buying......so do the dealers. If they don't buy, they don't make any money....so sell your stuff for what you want for it...not what they will pay.

 

That's sort of like telling a baseball player to bat .400 and hit 50 home runs, and forget that the pitcher might have something else in mind. Buying and selling is a competitive activity.

 

True, but the batter can't choose the pitcher he's batting against. Don't like the price, go to another shop. Don't sell your Morgans for $8.

 

This individual is not a dealer. He's a criminal. Dealer's are legitimate business people who regularly make-a-market (buy and sell) openly and honestly and fairly.