Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Discussion- thoughts on "What is your best price?"
>
Reply to Thread
Message:
<p>[QUOTE="physics-fan3.14, post: 4107868, member: 19165"]Because that is a widely accepted practice in coin buying. Some people don't do it - they'll just pay whatever the sticker says. </p><p><br /></p><p>In answer to the original question, [USER=22377]@ddddd[/USER] , I approach it primarily as a buyer. I very rarely sell coins, and then I usually submit to an auction house. As a buyer, I'll take one of two approaches. I think both are acceptable. The first, I'll make an offer on a coin. I try to research a good, fair price, and make an offer based on that research. With what I collect, there often isn't much good research and so I just offer a gut feeling. When I make an offer, the seller usually responds one of two ways - with a counter that I like, and I'll accept and pay, or with a counter that I don't like, in which case I'll politely refuse. </p><p><br /></p><p>The other approach I'll take is the "What's your best offer?" question. This seems less confrontational, because it often allows me to get a better price than it's listed, but allows the dealer to tell me what his lowest price he'll accept is. Sometimes, their "best offer" is actually lower than what I would have offered! Again, I make a decision if their best price is good or not, and then respond accordingly. I've used both approaches many times, sometimes with more success than others. </p><p><br /></p><p>The real killers are when you see a gorgeous PL listed for $4000, and the most recent sales on Heritage are $1600. I offer $2000, point them to sales history, and they say they can't take anything less than $3200. The thought I think is "well, good luck with that as you relist it over and over for the next couple of years. I'll make the same offer in 2022, and see what you think then!" My actual reply is "That's just too much for me."[/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 4107868, member: 19165"]Because that is a widely accepted practice in coin buying. Some people don't do it - they'll just pay whatever the sticker says. In answer to the original question, [USER=22377]@ddddd[/USER] , I approach it primarily as a buyer. I very rarely sell coins, and then I usually submit to an auction house. As a buyer, I'll take one of two approaches. I think both are acceptable. The first, I'll make an offer on a coin. I try to research a good, fair price, and make an offer based on that research. With what I collect, there often isn't much good research and so I just offer a gut feeling. When I make an offer, the seller usually responds one of two ways - with a counter that I like, and I'll accept and pay, or with a counter that I don't like, in which case I'll politely refuse. The other approach I'll take is the "What's your best offer?" question. This seems less confrontational, because it often allows me to get a better price than it's listed, but allows the dealer to tell me what his lowest price he'll accept is. Sometimes, their "best offer" is actually lower than what I would have offered! Again, I make a decision if their best price is good or not, and then respond accordingly. I've used both approaches many times, sometimes with more success than others. The real killers are when you see a gorgeous PL listed for $4000, and the most recent sales on Heritage are $1600. I offer $2000, point them to sales history, and they say they can't take anything less than $3200. The thought I think is "well, good luck with that as you relist it over and over for the next couple of years. I'll make the same offer in 2022, and see what you think then!" My actual reply is "That's just too much for me."[/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
>
Coin Chat
>
Discussion- thoughts on "What is your best price?"
>
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...