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<p>[QUOTE="yakpoo, post: 4879586, member: 18157"]I wouldn't presuppose what an LCS can or can't do. I find that a conversation is best. When I would request a specific coin, my LCS would counsel me on the prices I could expect to pay (LCS markup included). We would agree on a grade and a target price range. The more latitude I gave, the more likely my order would be filled. However, in this process, no deal had yet been struck. Once my LCS purchased the coin, it belonged to them...it was their coin.</p><p><br /></p><p>Most times, I got the coin I wanted for the same or even slightly less than originally quoted. There were a few times, though, when the coin increased significantly between the time I made my request and when it was actually located and purchased. In those cases, I would have to pay the difference or the coin would be sold to someone else. That was how the game was played...in Madison, CT in the 1970s.</p><p><br /></p><p>More recently, I was at one of the Baltimore shows and I needed an MS64+ 1912d Liberty nickel. I found a California dealer who had a nice one at a fair price, but it was more than I had in my pocket. Silly me, I thought they would take credit cards! Who wants to be walking around Baltimore with a wad of cash in their pocket?</p><p><br /></p><p>Much to my surprise, the dealer (whom I had never met) took what I had in my pocket ($100) and agreed to let me mail him the remainder! Idk if that's normal, but it surprised the heck outta me. I took him up on the deal and mailed him a check for the difference when I got home. It was just the coin I needed!</p><p><br /></p><p>I would recommend having a conversation with your LCS. Like me, you may be surprised what they may be willing to do. No two dealers are the same. In any event, don't bother telling them what you think is, or isn't, fair. Just listen to what they have to say, be polite, be friendly, and either accept their terms...or not.</p><p><br /></p><p>One last thought...an experienced Numismatist is worth their weight in gold! Think of them as an investment advisor/agent.[/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 4879586, member: 18157"]I wouldn't presuppose what an LCS can or can't do. I find that a conversation is best. When I would request a specific coin, my LCS would counsel me on the prices I could expect to pay (LCS markup included). We would agree on a grade and a target price range. The more latitude I gave, the more likely my order would be filled. However, in this process, no deal had yet been struck. Once my LCS purchased the coin, it belonged to them...it was their coin. Most times, I got the coin I wanted for the same or even slightly less than originally quoted. There were a few times, though, when the coin increased significantly between the time I made my request and when it was actually located and purchased. In those cases, I would have to pay the difference or the coin would be sold to someone else. That was how the game was played...in Madison, CT in the 1970s. More recently, I was at one of the Baltimore shows and I needed an MS64+ 1912d Liberty nickel. I found a California dealer who had a nice one at a fair price, but it was more than I had in my pocket. Silly me, I thought they would take credit cards! Who wants to be walking around Baltimore with a wad of cash in their pocket? Much to my surprise, the dealer (whom I had never met) took what I had in my pocket ($100) and agreed to let me mail him the remainder! Idk if that's normal, but it surprised the heck outta me. I took him up on the deal and mailed him a check for the difference when I got home. It was just the coin I needed! I would recommend having a conversation with your LCS. Like me, you may be surprised what they may be willing to do. No two dealers are the same. In any event, don't bother telling them what you think is, or isn't, fair. Just listen to what they have to say, be polite, be friendly, and either accept their terms...or not. One last thought...an experienced Numismatist is worth their weight in gold! Think of them as an investment advisor/agent.[/QUOTE]
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