Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Advice Appreciated: Selling Coins
>
Reply to Thread
Message:
<p>[QUOTE="andrew289, post: 270495, member: 6463"]Even if he walked into a coin shop that was recommended here doesn't mean that he will automatically be treated fairly. Dealers treat long term customers and one time sellers very differently. Chances are that he would still get lowballed because, in theory, he is walking into a random coin shop and has no relationship with the dealer. I know several so called "honest dealers" who are honest with their cronies and regulars but owe no loyality what so ever to anyone else that walks through the door. Especially a guy looking to unload some coins and not offer up any regular business.</p><p> </p><p>Dealers make their money one of two ways. For regular customers their profit is spread out over time ...undercharge here/over charge there. With sellers ..it's a one time sale or maybe a 2-3 time sale depending on the size of the collection but it's stil not enough to build repeat business and a long term relationship so their is no motivation for the dealer to loose a chance at making rent for the month.</p><p> </p><p>Definately buy a redbook and get a rough idea of what you have.[/QUOTE]</p><p><br /></p>
[QUOTE="andrew289, post: 270495, member: 6463"]Even if he walked into a coin shop that was recommended here doesn't mean that he will automatically be treated fairly. Dealers treat long term customers and one time sellers very differently. Chances are that he would still get lowballed because, in theory, he is walking into a random coin shop and has no relationship with the dealer. I know several so called "honest dealers" who are honest with their cronies and regulars but owe no loyality what so ever to anyone else that walks through the door. Especially a guy looking to unload some coins and not offer up any regular business. Dealers make their money one of two ways. For regular customers their profit is spread out over time ...undercharge here/over charge there. With sellers ..it's a one time sale or maybe a 2-3 time sale depending on the size of the collection but it's stil not enough to build repeat business and a long term relationship so their is no motivation for the dealer to loose a chance at making rent for the month. Definately buy a redbook and get a rough idea of what you have.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Advice Appreciated: Selling Coins
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...