Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Etiquette ?: How long is it reasonable to wait?
>
Reply to Thread
Message:
<p>[QUOTE="stldanceartist, post: 4612045, member: 13307"]I've been in shops like this (a few in the Chicago area were like this, actually) - the point of a place like this is NOT to <i>sell</i> coins. It was explained to me by another Chicago area coin dealer:</p><p><br /></p><p>The point of a shop like this staying open is not to sell anything to collectors.</p><p>The owners are wealthy men. They do not need sales. </p><p>(<i>Sure, they sell stuff like BU state quarters from rolls, coin supplies, and leftovers from collections they buy, but that's not the point.</i>) </p><p>That's purely to keep customers coming in the door and maybe to cover their monthly bills or to slowly get rid of the stuff they don't want to keep for their own collections - which is the point - they are open so they can "catch" people's collections coming in, keep the really nice, unusual, quality, <i>profitable</i> stuff, and then get rid of the leftovers.</p><p><br /></p><p>That's what they care about - buying someone's hoard/collection, keeping anything worthwhile, and getting rid of what they don't care about. If they need to liquidate a large quantity of inventory - to pay an unexpected bill or to fund a new purchase - they have other wealthy people in their network who will buy a bunch of common, lower-quality "stuff" sight unseen.</p><p><br /></p><p>If you think of it from that point of view, everything else makes sense. </p><p><br /></p><p><i>Note: I'm not saying they are bad people, I'm not specifically judging them. This is just most likely the reason why no one at that place feels it's a high priority to price some random coins for someone who walks in the door <b>to buy</b> and seems like they know what they're doing. </i>[/QUOTE]</p><p><br /></p>
[QUOTE="stldanceartist, post: 4612045, member: 13307"]I've been in shops like this (a few in the Chicago area were like this, actually) - the point of a place like this is NOT to [I]sell[/I] coins. It was explained to me by another Chicago area coin dealer: The point of a shop like this staying open is not to sell anything to collectors. The owners are wealthy men. They do not need sales. ([I]Sure, they sell stuff like BU state quarters from rolls, coin supplies, and leftovers from collections they buy, but that's not the point.[/I]) That's purely to keep customers coming in the door and maybe to cover their monthly bills or to slowly get rid of the stuff they don't want to keep for their own collections - which is the point - they are open so they can "catch" people's collections coming in, keep the really nice, unusual, quality, [I]profitable[/I] stuff, and then get rid of the leftovers. That's what they care about - buying someone's hoard/collection, keeping anything worthwhile, and getting rid of what they don't care about. If they need to liquidate a large quantity of inventory - to pay an unexpected bill or to fund a new purchase - they have other wealthy people in their network who will buy a bunch of common, lower-quality "stuff" sight unseen. If you think of it from that point of view, everything else makes sense. [I]Note: I'm not saying they are bad people, I'm not specifically judging them. This is just most likely the reason why no one at that place feels it's a high priority to price some random coins for someone who walks in the door [B]to buy[/B] and seems like they know what they're doing. [/I][/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
>
Etiquette ?: How long is it reasonable to wait?
>
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...