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10 Rules on How to get a Good Deal from a Dealer at a Coin Show
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<p>[QUOTE="physics-fan3.14, post: 3791839, member: 19165"]I mostly agree with these, except for #8 - Buyer's Remorse.</p><p><br /></p><p>First, you should never buy a coin for which you might feel remorse. You should examine it under lights, magnifiers, ask to take it to another dealer's table with better lights, ask for opinions from other experts at the show.... etc. If you buy a coin at a show, with all these opportunities and still have remorse, you're an idiot.</p><p><br /></p><p>The premise of the coin in the article is that you bought a coin "close to the grade you want" but then see one that is actually the grade you desire. Why the heck would you do that? If you bought a coin that didn't meet your collecting criteria, just to fill a hole.... you're an idiot. Why would you do that? Buy the coin you want in the grade you want. If you don't see the coin you want, have patience and wait for the right coin to come along. Collectors who buy "hole fillers" just to fill a hole and then wait for a better coin to come along are a special brand of stupid, and sure to lose money.</p><p><br /></p><p>That being said, if you buy a coin at a show, take it back to your home or hotel, and then have remorse at the same show (you realize that it has a problem, that it doesn't meet your standard, that it isn't exactly what you need).... The dealer should refund you 100%. Sure, you can shop it around before you take it back and see if you might make a profit, but the chances of that are extremely slim. If you take it back to the same dealer you bought it from at the same show, and explain why you are having problems, any quality dealer should offer you 100% refund - this is the best way to retain customers. (If you sell it back to him at a discount, as the article says, "realizing that he needs to make a profit", then you're effectively giving him a double profit on the coin. Clearly, whoever wrote the article doesn't understand math or business.)[/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 3791839, member: 19165"]I mostly agree with these, except for #8 - Buyer's Remorse. First, you should never buy a coin for which you might feel remorse. You should examine it under lights, magnifiers, ask to take it to another dealer's table with better lights, ask for opinions from other experts at the show.... etc. If you buy a coin at a show, with all these opportunities and still have remorse, you're an idiot. The premise of the coin in the article is that you bought a coin "close to the grade you want" but then see one that is actually the grade you desire. Why the heck would you do that? If you bought a coin that didn't meet your collecting criteria, just to fill a hole.... you're an idiot. Why would you do that? Buy the coin you want in the grade you want. If you don't see the coin you want, have patience and wait for the right coin to come along. Collectors who buy "hole fillers" just to fill a hole and then wait for a better coin to come along are a special brand of stupid, and sure to lose money. That being said, if you buy a coin at a show, take it back to your home or hotel, and then have remorse at the same show (you realize that it has a problem, that it doesn't meet your standard, that it isn't exactly what you need).... The dealer should refund you 100%. Sure, you can shop it around before you take it back and see if you might make a profit, but the chances of that are extremely slim. If you take it back to the same dealer you bought it from at the same show, and explain why you are having problems, any quality dealer should offer you 100% refund - this is the best way to retain customers. (If you sell it back to him at a discount, as the article says, "realizing that he needs to make a profit", then you're effectively giving him a double profit on the coin. Clearly, whoever wrote the article doesn't understand math or business.)[/QUOTE]
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