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<p>[QUOTE="Morgandude11, post: 1541811, member: 37839"]SO much has been said to criticize coin dealers. For the most part, during the course of my 40+ years collecting coins, my experiences have been very positive. I have developed relationships with many, and get lots of coins from them (and have sold many to them). I have literally NEVER had a bad experience, but I want to share a really good one. Let's share some positives about coin dealers:</p><p><br /></p><p>I have this dealer in my area with whom I have done a lot of buying and selling in the past 15 years. One day, he calls me up, and says "I have a customer who needs money for his kid's tuition, room and board at University of Florida. I'd love to do the best I can for him, and he's a Morgan collector." My response was "how can I help? You know I am always looking for nice Morgans." At any rate, the dealer suggests that we meet all together, and that he will serve as an intermediary for his customer, and instead of him directly buying the coins, he will take a commission (it was very nice of him to even think of that, as it meant that I would be a quick purchaser, and he'd make a profit, but do the best for the seller). So, we sat together, with OPEN Greysheet, PCGS Price guide, and a number of resources. No hiding of prices--it was all open discussion. To make a long story short, the seller gets about 85% value for the coins, the dealer gets an instant paid commission of a couple of thousand plus of dollars, and I get $18,000 of coins that were at a mutually agreeable price. After that, we go down the street and have a sandwich and a beer, all three of us. Tell me that wasn't a positive and mutually productive experience where everybody won!![/QUOTE]</p><p><br /></p>
[QUOTE="Morgandude11, post: 1541811, member: 37839"]SO much has been said to criticize coin dealers. For the most part, during the course of my 40+ years collecting coins, my experiences have been very positive. I have developed relationships with many, and get lots of coins from them (and have sold many to them). I have literally NEVER had a bad experience, but I want to share a really good one. Let's share some positives about coin dealers: I have this dealer in my area with whom I have done a lot of buying and selling in the past 15 years. One day, he calls me up, and says "I have a customer who needs money for his kid's tuition, room and board at University of Florida. I'd love to do the best I can for him, and he's a Morgan collector." My response was "how can I help? You know I am always looking for nice Morgans." At any rate, the dealer suggests that we meet all together, and that he will serve as an intermediary for his customer, and instead of him directly buying the coins, he will take a commission (it was very nice of him to even think of that, as it meant that I would be a quick purchaser, and he'd make a profit, but do the best for the seller). So, we sat together, with OPEN Greysheet, PCGS Price guide, and a number of resources. No hiding of prices--it was all open discussion. To make a long story short, the seller gets about 85% value for the coins, the dealer gets an instant paid commission of a couple of thousand plus of dollars, and I get $18,000 of coins that were at a mutually agreeable price. After that, we go down the street and have a sandwich and a beer, all three of us. Tell me that wasn't a positive and mutually productive experience where everybody won!![/QUOTE]
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Good dealer stories--let's share them
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