I thought it would be a neat thread to get some opinions on when is your personal tipping point for taking a coin dealers store credit over the cash you can get for a coin.... example..... 500$ cash or 725$ store credit... This thread is not meant to debate the way to sell a numismatic because I know selling to a dealer is not the way to go if you want top dollar. Question: How much more would it take in store credit to not want to take the 500$ in cash or would you always take the cash! (again this question is not meant to be muddled by the coins value you are trying to sell just how much more store credit would it take above 500$ for you to take store credit rather then cash) I hope this is a fun hypothetical thread! Keep stacking!
it depends on the shop, i guess. my lcs doesnt offer store credit. He offers his best price, and I usually just deduct that from my purchase totals.
If the dealer is offering $500 cash or $725 store credit I think he would sell it for at least $725 to $1000. The best deal would be to skip the middle man and sell it on here for $725 cash.
What you don't realize is that to him (the dealer) both choices are the same, or very nearly so, in regard to how much profit he makes. But as a general rule he would much rather you take the credit because that allows him to get rid of something he already has without affecting his cash flow. Dollar wise the choices are the same for you as well. With the credit the advantage for you is that you can get rid of something that you don't want and exchange it for something you do want, without affecting your cash flow. The choice you decide to take is determined by whether or not he has something you want.
