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<p>[QUOTE="BooksB4Coins, post: 1377664, member: 36230"]Please allow me to apologize first if this offends anyone, but the whole idea of "never paying retail" and feeling that you as a buyer have the right to always haggle on any and every coin is ludicrous. Hear me out on this and then decide. Coins are not cars, appliances, electronics, etc, etc and at least with earlier and/or less common issues, no two are alike. While you may be able to buy X car (same model, options, etc) at one dealer for less than another, coins are a whole different ballgame. Also, what do each of you view as retail and what as wholesale? If you are buying common types that can be readily had anywhere and at any time, by all means dicker away. If you are looking to buy a common date MS65 Morgan, a PQ coin can be found without a lot of effort at a great price, but say you are in the market for a truly rare coin - one that only comes on the market a few times per year or even less. Say this coin is graded at X yet is of superb quality and originality and priced at 25% over trends. Are you going to pull out your graysheet and think that doing so will intimidate the dealer or stick to the assumption that because you "dont' pay retail" you have the right to buy this coin for less than the true market will bear? How many of you realize that there are plenty of coins that are grossly undervalued even in the best known retail guides? One reason for this is because some coins trade so rarely, but also has anyone considered the fact that a price guide is just that.... a price <u><i>GUIDE</i></u>? I can think of a number of coins that I would bend over backwards to pay trends for and could easily flip at a great profit to knowledgeable collectors. Again, it all depends on what you collect/buy/deal in but knowing your market inside and out is the key. Understanding the fact that a truly PQ specimen in a certain issue can easily bring (and deserves) large premiums over the values listed in ANY guide can be more important that haggling. Understanding that a price guide really is nothing more than an educated guess and at best a sampling from a tiny percentage of past sales is of the utmost importance (depending on the type of coin). In reality guides mean nothing... the market dictates values/prices and it is as simple as that.</p><p><br /></p><p>Again, this all depends on what the individual collects. If your interests are in a series that literally hundreds or thousands of coins are available at any given time and in any venue (online, Ebay, shows, shops, whatever), there is absolutely no reason not to dicker if the asking price is not right - there is always another similar coin around the corner. The thing is that with coins, not all are created equal and it is senseless to generalize. One who does not understand this is doing themselves a great disservice.</p><p><br /></p><p>An honest dealer absolutely has a right to make a profit depending on the coin and as long as their price is market acceptable, even if its not what you want to pay. Maybe I'm simply getting old but I can remember a time when everyone did not believe that they <i>deserve</i> to buy "wholesale" and the coin mattered more than a price guide. Just my two cents.[/QUOTE]</p><p><br /></p>
[QUOTE="BooksB4Coins, post: 1377664, member: 36230"]Please allow me to apologize first if this offends anyone, but the whole idea of "never paying retail" and feeling that you as a buyer have the right to always haggle on any and every coin is ludicrous. Hear me out on this and then decide. Coins are not cars, appliances, electronics, etc, etc and at least with earlier and/or less common issues, no two are alike. While you may be able to buy X car (same model, options, etc) at one dealer for less than another, coins are a whole different ballgame. Also, what do each of you view as retail and what as wholesale? If you are buying common types that can be readily had anywhere and at any time, by all means dicker away. If you are looking to buy a common date MS65 Morgan, a PQ coin can be found without a lot of effort at a great price, but say you are in the market for a truly rare coin - one that only comes on the market a few times per year or even less. Say this coin is graded at X yet is of superb quality and originality and priced at 25% over trends. Are you going to pull out your graysheet and think that doing so will intimidate the dealer or stick to the assumption that because you "dont' pay retail" you have the right to buy this coin for less than the true market will bear? How many of you realize that there are plenty of coins that are grossly undervalued even in the best known retail guides? One reason for this is because some coins trade so rarely, but also has anyone considered the fact that a price guide is just that.... a price [U][I]GUIDE[/I][/U]? I can think of a number of coins that I would bend over backwards to pay trends for and could easily flip at a great profit to knowledgeable collectors. Again, it all depends on what you collect/buy/deal in but knowing your market inside and out is the key. Understanding the fact that a truly PQ specimen in a certain issue can easily bring (and deserves) large premiums over the values listed in ANY guide can be more important that haggling. Understanding that a price guide really is nothing more than an educated guess and at best a sampling from a tiny percentage of past sales is of the utmost importance (depending on the type of coin). In reality guides mean nothing... the market dictates values/prices and it is as simple as that. Again, this all depends on what the individual collects. If your interests are in a series that literally hundreds or thousands of coins are available at any given time and in any venue (online, Ebay, shows, shops, whatever), there is absolutely no reason not to dicker if the asking price is not right - there is always another similar coin around the corner. The thing is that with coins, not all are created equal and it is senseless to generalize. One who does not understand this is doing themselves a great disservice. An honest dealer absolutely has a right to make a profit depending on the coin and as long as their price is market acceptable, even if its not what you want to pay. Maybe I'm simply getting old but I can remember a time when everyone did not believe that they [I]deserve[/I] to buy "wholesale" and the coin mattered more than a price guide. Just my two cents.[/QUOTE]
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