Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
my local coin shop
>
Reply to Thread
Message:
<p>[QUOTE="Player11, post: 1295128, member: 26725"]Buying deals is where a shop makes money. Most of what I buy at my shop is material I flip to make an instant profit on the wholesale market via shows or ebay. While I have material in the shop that is at retail only, there is income from that but traffic who won't pay retail or has a deal for me is simply not worth a large portion of my time. I do have junk boxes (small ticket coins at retail) for a lot of those people and they can look thru them to their hearts content.</p><p><br /></p><p>Consequently, when there is a lot of traffic in the shop it is critical to screen the profitable from the non profitable traffic in terms of time management. Being able to do this quickly is a large part of efficient shop management. I am friendly with everyone and there are many who are mainly book and supplies buyers (thats fine) but I have to concentrate my time on the profitable traffic. The other day I had a knowledgeable collector with a large number of big ticket coins to sell. While a number of them were stickered, they did not really have the eye appeal IMO to be quick sellers. It seems a lot of coins with dark or brown toning, and even black spots are being stickered. They may technically make the grade but most customers want coins that are brilliant with nice luster and no spots or toning. Coins that don't make this criteria I consider "average quality" whether stickered or not. It is my grading criteria and assessment of its eye appeal in determining if the coins can sell (in making an offer)not some sticker. He was willing to consign a few of them (I dont shell out money for big ticket material unless really super deal) willing to take CDN Bid if they sold. Another fellow came in with some nice commems in 65-66 and I purchased them at 80% of CDN Bid which is usually my standard offer for material I can use for inventory.[/QUOTE]</p><p><br /></p>
[QUOTE="Player11, post: 1295128, member: 26725"]Buying deals is where a shop makes money. Most of what I buy at my shop is material I flip to make an instant profit on the wholesale market via shows or ebay. While I have material in the shop that is at retail only, there is income from that but traffic who won't pay retail or has a deal for me is simply not worth a large portion of my time. I do have junk boxes (small ticket coins at retail) for a lot of those people and they can look thru them to their hearts content. Consequently, when there is a lot of traffic in the shop it is critical to screen the profitable from the non profitable traffic in terms of time management. Being able to do this quickly is a large part of efficient shop management. I am friendly with everyone and there are many who are mainly book and supplies buyers (thats fine) but I have to concentrate my time on the profitable traffic. The other day I had a knowledgeable collector with a large number of big ticket coins to sell. While a number of them were stickered, they did not really have the eye appeal IMO to be quick sellers. It seems a lot of coins with dark or brown toning, and even black spots are being stickered. They may technically make the grade but most customers want coins that are brilliant with nice luster and no spots or toning. Coins that don't make this criteria I consider "average quality" whether stickered or not. It is my grading criteria and assessment of its eye appeal in determining if the coins can sell (in making an offer)not some sticker. He was willing to consign a few of them (I dont shell out money for big ticket material unless really super deal) willing to take CDN Bid if they sold. Another fellow came in with some nice commems in 65-66 and I purchased them at 80% of CDN Bid which is usually my standard offer for material I can use for inventory.[/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
>
Coin Chat
>
my local coin shop
>
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...