Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Prices on slabs at coin shows
>
Reply to Thread
Message:
<p>[QUOTE="drathbun, post: 1981000, member: 42789"]This has been an interesting read. For fun, go back and re-read the entire thread but substitute "car" for "coin" and see what it's like. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> Years ago there were no prices posted in a car. And you can bet the sales rep "sized you up" when you came in, and based his projected selling price on the results of that assessment. Today there is so much information available on cars that the consumer is far more educated, and buying a car is less "random" than it used to be.</p><p><br /></p><p>I'm not a regular at coin shows (I've been to two!) but my experiences were both good. There were prices on coins, but frankly even in my inexperience I knew they were too high. I think it was understood there would be some bargaining involved. I bought some coins, probably paid to much, but I was happy with the coins and that's what matters.</p><p><br /></p><p>What makes the coin business so dynamic, I think, is how much of the coin market is subject to a personal opinion rather than something that can be measured objectively. For example, suppose that someone developed an app for a smart phone that could measure the reflectivity of a coin. This could then general an objective scale for "shine" or "luster" or whatever you want to call it. Another app could use a chromatic scale that would evaluate toning. For each of these apps they would be able to assign a specific and scientific number to the results, which would then drive the price of the coin up or down from some agreed upon baseline. There wouldn't need to be any room to haggle.</p><p><br /></p><p>But we don't have that. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="drathbun, post: 1981000, member: 42789"]This has been an interesting read. For fun, go back and re-read the entire thread but substitute "car" for "coin" and see what it's like. ;) Years ago there were no prices posted in a car. And you can bet the sales rep "sized you up" when you came in, and based his projected selling price on the results of that assessment. Today there is so much information available on cars that the consumer is far more educated, and buying a car is less "random" than it used to be. I'm not a regular at coin shows (I've been to two!) but my experiences were both good. There were prices on coins, but frankly even in my inexperience I knew they were too high. I think it was understood there would be some bargaining involved. I bought some coins, probably paid to much, but I was happy with the coins and that's what matters. What makes the coin business so dynamic, I think, is how much of the coin market is subject to a personal opinion rather than something that can be measured objectively. For example, suppose that someone developed an app for a smart phone that could measure the reflectivity of a coin. This could then general an objective scale for "shine" or "luster" or whatever you want to call it. Another app could use a chromatic scale that would evaluate toning. For each of these apps they would be able to assign a specific and scientific number to the results, which would then drive the price of the coin up or down from some agreed upon baseline. There wouldn't need to be any room to haggle. But we don't have that. :)[/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
>
Prices on slabs at coin shows
>
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...