How long would expect a show dealer hold a coin for you?

Whether or not to hold it would be part of the negotiation or should be anyways. Realistically though the coins going to hold itself most of the time and its not like these are contracts. Most dealers would sell the coin to someone else in front of your face if they came up and offered significantly more.

If they agree to something honor it otherwise dont agree to hold something or promise to come back if its just lip service.

Its just not that hard for a dealer to say something like if it doesnt sell before you come back you can have the price, or the other way of if it hasnt sold before I come back I'd like that price

 

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I have a dealer that is generous in holding coins for me for two to three days, but I always tell him, if someone else is willing to buy it, then sell it. I'm not going to cost my dealer a sale. Besides, collecting is a walk, not a run.
Now if at a show, I think an hour, maybe two is good, but for me, it wouldn't take that long as the only reason I'd have them hold it was so I could run to the ATM!
In my case I collect a specific few areas/types so it would be less likely another person would come up and be interested in the same coins.

 

Tough crowd I see.

 

I'm with Publius2. I wouldn't ask a dealer I didn't know well to hold a coin at all. My ethics would NEVER let me ask a dealer to hold a coin while I look around for a better deal from someone else.

 

That is not negotiation. That is bad faith bargaining. Don't have ample budget? Don't conclude the negotiation. The price is negotiated by both buyer and seller and "been negotiated" implies availability of funds, based on budget of buyer.

Seller walks away, to peruse another bauble? That is not conclusion of negotiation. That is window shopping.

 

The buyer has the funds for the coin he negotiated. Then he comes across another coin he wants for his collection also. But he doesn't have enough money for both. Now he has to decide which coin he really wants. If he decides to buy the second coin, the polite thing to do is go back to the first dealer and inform him of the decision.

I can see a buyer being able to buy the first coin, then wanting a second one but unable to afford both. I don't think of it as window shopping. But then, I have never done this and never knew it could be done. Maybe I'll try it now!

 

Then conclude the deal, since the negotiation is completed.

Simple. Don't buy the 2nd one until the buyer has the money to do so.

That was already the decision when the willing seller and the willing buyer concluded the negotiations via a price acceptable to both.

Easy to find out. Go to any Bourse and test the the theory, by "concluding" negotiations with 3 different sellers. The logic posit: the moment the buyer visits another dealer, to consider another coin, it is window shopping. It will be known very quickly on the Bourse that the seller is doing so. That is not a pleasant situation for the potential buyer that supposedly already concluded negotiations with a seller, I assure you.

My advice, and I give it freely without commitment or expectation of payment, is don't try. It is not a good thing in our hobby.

 

I picked "not at all." What is the buyer's intent? Do the same with multiple dealers and if one has a better price (for a coin the buyer doesn't like as much?) then go back to the other dealer(s) and try to whittle them down some more, after you've already negotiated? Meanwhile this buyer has multiple dealers holding multiple coins? As a buyer I wouldn't do that and wouldn't expect a dealer to either. I might try to get a best price from multiple dealers but I wouldn't ask or expect any of them to hold something. It seems rude.

 

Another way to put it would be if you are selling a coin at a show and you reach an agreement with a dealer setting the price and he asks you how to hold that coin, how long would you be willing to do that?

 

On at least four occasions (when I was a dealer) after I quoted a price on a coin and the buyer said he would think about it after looking around the show; I put the coin away and told them it was sold when they returned. It's a good lesson for them that I had to learn for myself as a collector.

When you have the knowledge and see something you want/need offered at a fair price, BUY IT! The majority of coins I bought in the past as an active collector (not cherrypicked) were NOT DISCOUNTED, priced over bid, and other collectors/dealers wanted but did not wish to pay for. EVERY CASE of a "special" coin that I "overpaid" for such that I kicked myself buying it turned out to have an extremely good outcome.

Now, I just collect mostly "junk" because I get to play with beautiful coins I could never afford to own on a daily basis.

 

If I ask a price, that's not negotiating The Price. I have no expectation that the coin will be there if I return later for it, although the dealer might offer to set it aside for a while.

If I negotiate a price, then it's implied I'm going to buy it. If at that time, I want the dealer to hold it for a while, it won't be for long, but my expectations are that they'll hold it for however long we agree. Perhaps I need to sell something else to someone so that I can raise the cash, was going to do this anyway, but spotted the coin to buy first. This situation will be part of the negotiation. "I'll pay $x, but I have to sell this to so-and-so, first." Or perhaps I have to hit the ATM and get cornered by someone who's chatty. I don't think I'd ask someone to hold it until the next day unless the show was closing for the day and I'd have the cash in the morning.

 

You want a bag of chips with that wait, neither do I. If that is your wife have her hold your hand because I don't want to, next.

 

I only do this with dealers that I know. Holding it until the show ends has never been a problem with me or them, if they ask me to hold something for them.

 

I go to a show in Idaho once a year. One of the dealers had a coin online that I wanted and a price was settled. I picked it up and paid for it at the next show 8 months later.

 

I dunno, first come first serve, subject currently unsold. I see no problem with a buyer paying for it, and the dealer holding it for pickup later after making your rounds of the bourse, but I do have a problem with a person making a deal and walking away to go look elsewhere with a promise to come back later to finish the deal. I wouldn't take a deposit to hold it either, buy it and here's a receipt to pick it up later and it will be set aside for you, if not and any person with the money comes along in 10 minutes later that wants it, it will be sold to them.

I had a situation like this buying two 50kw and one 175kw generators from a big dealer that had them "on the shelf" for close to $100K. straight up they said "if someone comes along with the money before you do they will be sold and you will need to wait for new ones to be made and shipped to us (about half a year), I can hold them as long as you need in our warehouse for you, but you have to buy them if you want them held for you".

Anyways, I like it, nothing worse than tying up inventory that could be sold on a promise and then it falling through and getting stuck with it when it could have been sold to someone else that is ready to act immediately.

I get why someone might want to do this, maybe they have something they like they need to sell first but needed to find that one thing at the right price before they moved to sell basically one out and one back in. This isn't the dealers problem though, he's there to sell things, not hold things while shoppers figure out their finances in my opinion. maybe the customer works out a deal for what they want, but then they have some convoluted scheme of flipping some things for a day to get to that price and if any step falls though, they won't make it.
A bird in the hand is worth 2 in the bush. pay for it and it can be held until the end of the show, heck pay for the shipping and I'm sure the dealer will even ship it to your address for you so you don't have to be weighed down with it at the show.

 

I’ve never asked a dealer to hold a coin that I haven’t agreed to purchase while I shop around at a show. I’ve been to many shows over the decades and can’t recall a coin that interested me disappearing while I shopped around at other dealers. However, if I am really serious about a coin, I make a quick tour of other dealers that may have it.

Rarely, I have asked a dealer to hold a coin on which we made a handshake deal while I arranged payment. We had a verbal contract, so there was to be no going back or shopping around.

Cal

 

same here, 50% deposit

 

I've bought a coin at shows, then traded it because I found something I wanted more before the show was over. I don’t really get asking a dealer to hold a coin for me in most circumstances.

 

You walk the floor to see if there's something nicer to buy. You might never come back. First person with the money takes it. Not like you can't carry whatever it is with you while you walk.