I went to the local shop the other day and asked for a dollar face value of silver-his choice of coins. He gave me a Franklin half and two Washington quarters. He charged me almost 22 bucks. Today I went in to look at his Walkers. He doesn't update his prices on his 2x2s too often. A lot of his run of the mill Walkers were priced between seven and eight bucks. I picked up three for a total of 23 dollars. Do you dealers put the prices on your 2x2s? With the way silver is now, I would think it would be hard to keep up if you wrote all your prices down.
Personally, I haven't written a price on a 2 by 2 in more than 20 years.......Sometimes I have old 2 by 2's with ridiculous prices on them. As an example, I have a seated dollar in a 2 by 2 with 8 dollars and 75 cents written on it. I always warn anyone looking that a price on a 2 by 2 is not necessarily accurate. Sometimes a written price is way too high also......
Not related to bullion, but also related to making sure you check out old holders, I bought a Roman coin from a high priced dealer Sunday that had been in its holder for years. I could tell since the price was a bargain now, yet most of his stuff was pricey. I think he put a price on this one 15-20 years ago from the looks of it. Since the holder was old, the coin looked much better once removed from it. The dealer honored the price, though it didn't look like he was happy when he saw the coin out of the flip. Excellent point Pilkenton, always review all of your options with a dealer either at a shop or at a show.
I don't write my prices on my 2x2's either. I think it's worth my inconvenience to price things each time someone asks rather then sell something too cheaply.
I find this in antique malls too. A dealer might have a booth with a few silver coins and if he hasn't updated his prices lately they might be a bit skewed.
I don't put prices on coins like common 90% junk silver as these values change daily with bullion. On all my coins and currency there is a cost code and retail code on the back of the slab or holder (which only I can understand). Sometimes there may be a smaller code symbol denoting the retail source or method. Sometimes a retail code might be a tackon to BV in which case it might read BV followed by two code letters like say BVXA. The last two letters tell me what I want to add to bullion value to get my price quote. This would be the case for coins trading at X$ over melt. In addition, I have the updated Bid / Retail prices in my laptop (excel sheet) so I can take a quick peek if needbe. If someone needs a price I can give it to them immediately. When set up at a show, if there are few or no people asking prices, then I know the people walking in the door don't have any money and good buying deals can probably be had. Also, I do not want other dealers to know what my asking prices are for obvious reasons. Peple who have money and are interested in a coin will ask the price.
