Or does it drive you guys nuts every time you place an offer for a coin and the damn dealer makes you wait the full or near full 24hr to decide (hoping for a better offer in that time I expect lol) Grumble grumble... 6hr more to go/wait lol (I will not pay his asking price.. 35% over NGC/PCGS list I offered my usual 1 dollar under list lol)
Well, they are in it to maximize their profit. If they have 24 hours to respond, their best move is to wait 23 hours and 59 minutes, just in case someone does make a higher offer. (For that matter, if they get a dozen other offers and they're all much lower than yours, it gives them added confidence to accept your bid.) From your point of view, it ought to be good news when they're delaying. If they weren't considering your offer, they'd reject it immediately.
I guess my viewpoint is... they aren't sitting by their computer for an offer to come in. They have a life, they have a business, they have a family... they check their offers on their schedule. It doesn't mean anything to me... if they accept it, great. If not, I move on.
I would say though, offering 35% under the dealers asking price could be considered insulting.... that is a HUGE price cut. If I were the dealer, I'd probably just ignore it and not even waste my time responding. The NGC price guide might be a good starting point, but it isn't the Bible. I don't know what coin you're looking for, but any price guide could be quite a bit off.
On the other hand, if you list BIN at a "reasonable" price, you pass on the chance that someone's willing to pay moon money for the coin. The winning strategy might be to overprice the coin, giving yourself room to negotiate, and giving people the opportunity to overpay. (Maybe they see something you don't, and you're still getting cherrypicked.)
That depends. Do I really like it or just fishing? There are a lot of fish in the sea. There are a lot of coins that you don't regularly see and sometimes that weighs in the decision, no matter what ballpark price guides say. Some people like toners, some don't, some like PLs and some do not. I no longer cut any slack for raw coins because half of them end up having problems. Deal or cut bait. If a coin is really that special, someone, at some point in time would have sent it off for grading.......or cracked it back out to sell raw again.
