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<p>[QUOTE=&quot;clembo, post: 646385, member: 8033&quot;]Always an interesting question and the answer is there are honest and dishonest dealers. Kind of like sellers on ebay but at a different level shall we say.</p><p><br /></p><p>I&#039;ve worked at a shop for just over a year now. I was a long time customer there beforehand and still am.</p><p>As I got to know my boss better over the years I got better deals. It works like this in a lot of shops. Know your coins and they respect it.</p><p><br /></p><p>This is really important if you sell to a dealer. How organized one is means a lot from our side of the counter believe me. Bring in a jumbled mess and it takes time to sort. We want to buy but we don&#039;t want to do free appraisals. Some can&#039;t wrap their brains around this concept.</p><p>If your collection requires us sorting we tend to separate stack and make offers for bulk. </p><p><br /></p><p>Bring a bunch of coins to us in 2x2s and it&#039;s a different story whether or not the seller really does know anything about coins. For example, if you bring in a bunch of Morgans and we notice three are CCs we will indeed offer much better money for those coins. Easy to spot and we want those coins. We will, in turn, make money and since it&#039;s a business we need to do this. I like getting paid on Mondays because the boss made money.</p><p><br /></p><p>The more one knows the better they will do when selling is the bottom line.</p><p>This works for buying as well. </p><p><br /></p><p>Obviously doctored coins we sell much cheaper. Still, I point this out if someone inquires about it. Knowledgeably buyers don&#039;t need me to do this most of the time.</p><p>We want your repeat business so honesty goes a long way in a brick and mortar.</p><p><br /></p><p>I will bring up one area where dealers so often get a bad rap and it involves bulk buying. We do it quite often at work. </p><p>On occasion we will find a semi key or key date in a batch we bought as bulk. Believe me we do NOT search every coin that walks in the door. I figure he&#039;s sold enough coins bulk and had someone else find keys.</p><p>We currently have about 100,000 wheats. I only look through small batches and take a glance at larger batches. Not enough time to search them.</p><p><br /></p><p>Junk silver is the same unless I have a &quot;gut&quot; feeling.</p><p><br /></p><p>My best finds to date are a 16-D Mercury dime and very recently an 09-S Indian Cent and 12-S Liberty nickel from the same batch of bulk.</p><p>The Mercury came from a batch of over 900 coins we bought late in the day. I noticed the wear patterns and decided to take a closer look the next day. My time cost my boss money and it paid off. Usually it doesn&#039;t.</p><p><br /></p><p>I found the other two while sorting out culls from G-VG coins. Several hundred and I always check 1912 V nickels and 08 and 09 Indians. I doubt I&#039;ll ever find two coins like that in one day again.</p><p><br /></p><p>I actually posted about this on a few other forums but not here on CT because I didn&#039;t feel like having people tell me I ripped someone off because I didn&#039;t. One poster on another forum implied it was my &quot;civic and moral duty&quot; to check better when buying.</p><p>Sorry, it&#039;s not. You see that boils down to free appraisals.</p><p>NOW had the seller broken down and bought a Redbook etc. (which we sell) we would have paid much more because he would have isolated these coins.</p><p><br /></p><p>It may sound brutal but my boss will make money on these and that helps pay my wages. Hey, I still buy from the boss knowing full well what he paid and he still makes a profit. Granted I tend to get better prices but if he wasn&#039;t there to buy these coins in the first place I wouldn&#039;t have access to them.</p><p><br /></p><p>One more point that people should understand. If a seller walks in with a coin that we already have 1000 of we&#039;re not going to pay much. We don&#039;t really need them. You&#039;ll make more money finding a buyer that really wants them.</p><p>Bring in a coin that we know we can move and you&#039;ll get much better money. </p><p>Supply and demand.</p><p><br /></p><p>I think I&#039;m done rambling for now.</p><p><br /></p><p>clembo[/QUOTE]</p><p><br /></p>

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