Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
Just for fun - Guess the dealers offer
>
Reply to Thread
Message:
<p>[QUOTE="Ruslatin, post: 2937100, member: 75013"]"Selling to a collector is always going to net a higher price, because you cut out the middleman."</p><p><br /></p><p>Yet, in many auctions, lots will often sell to dealers rather than collectors. Perhaps the collector did not know about the auction, or mistrusted the lot description and was not able to attend in person to view the lot, or simply did not have the resources available at the time to purchase the coin (but the dealer did).</p><p><br /></p><p>Many years ago, I was offered a rare gold coin with a distinctive and memorable flan flaw by dealer A at a coin show which I immediately recognised from the catalogue photo of a major international auction. Dealer A knew that I was a longtime customer of Dealer B, who was a well known specialist in that country's coinage.</p><p><br /></p><p>Dealer A quoted me his asking price, which I considered too high and I made a serious counter-offer which was well above his purchase price at auction, yet below his asking price to me at the show. Dealer A then accused me of low-balling him (!!) and said that I was only making such a supposedly low offer because Dealer B had told me what he (Dealer A) had paid for it. I then informed Dealer A that his accusation was untrue, that Dealer B had not told me anything, and pointed out to Dealer A that he was not the only person in the world who received auction catalogues and prices realised from Switzerland featuring such a distinctive and memorable example of that rare coin.</p><p><br /></p><p>In any event, I was so annoyed by Dealer A's comments that I withdrew my offer and spent my money elsewhere instead.[/QUOTE]</p><p><br /></p>
[QUOTE="Ruslatin, post: 2937100, member: 75013"]"Selling to a collector is always going to net a higher price, because you cut out the middleman." Yet, in many auctions, lots will often sell to dealers rather than collectors. Perhaps the collector did not know about the auction, or mistrusted the lot description and was not able to attend in person to view the lot, or simply did not have the resources available at the time to purchase the coin (but the dealer did). Many years ago, I was offered a rare gold coin with a distinctive and memorable flan flaw by dealer A at a coin show which I immediately recognised from the catalogue photo of a major international auction. Dealer A knew that I was a longtime customer of Dealer B, who was a well known specialist in that country's coinage. Dealer A quoted me his asking price, which I considered too high and I made a serious counter-offer which was well above his purchase price at auction, yet below his asking price to me at the show. Dealer A then accused me of low-balling him (!!) and said that I was only making such a supposedly low offer because Dealer B had told me what he (Dealer A) had paid for it. I then informed Dealer A that his accusation was untrue, that Dealer B had not told me anything, and pointed out to Dealer A that he was not the only person in the world who received auction catalogues and prices realised from Switzerland featuring such a distinctive and memorable example of that rare coin. In any event, I was so annoyed by Dealer A's comments that I withdrew my offer and spent my money elsewhere instead.[/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
>
World Coins
>
Just for fun - Guess the dealers offer
>
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...