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Negotiating price; the buying process
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<p>[QUOTE="GDJMSP, post: 9632, member: 112"]I would not be concerned with asking your dealer if there is any wiggle room in his price. But I would stop short of discussing the grade in order to get him to drop the price unless the coin is slabbed. You see, with a raw coin it is the dealer who assigns the grade and I highly doubt you would be able to get him to change his mind. But with a slabbed coin it is the opinion of a third party and the dealer may agree with you if you think the coin is overgraded and thus overpriced.</p><p><br /></p><p>Most dealers are more than willing to haggle when it comes to price. But the amount of wiggle room can depend on several things. One of them being how good of a customer are you ? If you buy often and have established a relationship then he will likely be willing to give you a break where he might not for a stranger. Another thing that factors into this is what the dealer paid for the coin. This you will never know - but if he got a deal on it then he may be willing to give a regular customer a deal as well. </p><p><br /></p><p>What matters to most dealers is profit and if they can make a sale - show a profit and do so quickly then they are likely going to do it. For they do not like to tie up their capital for long periods. A quick and profitable sale allows them to move on the next purchase and show a profit on that as well.</p><p><br /></p><p>Bottom line - it never hurts to ask.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 9632, member: 112"]I would not be concerned with asking your dealer if there is any wiggle room in his price. But I would stop short of discussing the grade in order to get him to drop the price unless the coin is slabbed. You see, with a raw coin it is the dealer who assigns the grade and I highly doubt you would be able to get him to change his mind. But with a slabbed coin it is the opinion of a third party and the dealer may agree with you if you think the coin is overgraded and thus overpriced. Most dealers are more than willing to haggle when it comes to price. But the amount of wiggle room can depend on several things. One of them being how good of a customer are you ? If you buy often and have established a relationship then he will likely be willing to give you a break where he might not for a stranger. Another thing that factors into this is what the dealer paid for the coin. This you will never know - but if he got a deal on it then he may be willing to give a regular customer a deal as well. What matters to most dealers is profit and if they can make a sale - show a profit and do so quickly then they are likely going to do it. For they do not like to tie up their capital for long periods. A quick and profitable sale allows them to move on the next purchase and show a profit on that as well. Bottom line - it never hurts to ask.[/QUOTE]
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Negotiating price; the buying process
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