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<p>[QUOTE="Vegas Vic, post: 1981913, member: 58810"]This describes me exactly. While I try to take a day off to go to a show I don't want to waste my time talking to a dealer when we are so far apart on pricing. And because there is no standardized method of pricing toned coins and even with white coins some people are so far over bid I have no interest in buying or even discussing anything. I'll stop and admire what they have and move on. </p><p><br /></p><p>The msg board has seen a lot of my coins. Only two came from a show. I overpaid on a few coinfacts coin but on many other I got good online rates I.g. I went to the pcgs only show a dealer was selling pcgs proof walkers. He wanted double gray bid because they had none of the haze I see so often on these coins. I honestly thought the guy had a good point and left. I bought a pcgs 64 walker proof on ebay two weeks later and paid $10 over gray bid. </p><p>[ATTACH=full]353475[/ATTACH] </p><p><br /></p><p>Offered $20 less then I paid for this one, by one of the dealers here.</p><p><br /></p><p>[ATTACH=full]353477[/ATTACH] </p><p><br /></p><p>Offered $200 less then purchase by a dealer at a vegas show</p><p><br /></p><p>[ATTACH=full]353478[/ATTACH] </p><p><br /></p><p>A few examples to make my point. </p><p><br /></p><p>My point is not that I am an awesome coin professional. My point is that I am not. </p><p><br /></p><p>If someone with as little experience can purchase coins like this at the prices noted above it tells you one thing. Between tpg, internet, information(I use grey, coinfacts, ebay completed, and heritage) and a return policy that really that is all you need to succeed. Yes you need to be able to look at a coin and decide if it would work well with the grade but what the examples show is how seriously little experience is needed, and how far you can cut the middleman's piece of the pie.</p><p><br /></p><p>I've made some real mistakes. Not all of my purchases were great. But over all I've done ok for a simple retail buyer. </p><p><br /></p><p>In today's world the need for a middleman is decreasing. There will be coin dealers for some time to come, but boil it down to the basics. A coin dealer was the bridge connecting one collector to the next. And for many years they had a monopoly on coins. But times are changing and there really is a new breed of coin collector out there. </p><p><br /></p><p>You don't need to have my money to succeed as a dealer. But my population is growing and the old school fading away. Gone are the days when you needed to actually speak or see the person selling you the coin. And gone is the strict monopoly that dealers had over the industry. Dealers used to be 100% of the business. Every day shifts the equation from advantage dealer to advantage buyer.</p><p><br /></p><p>My point in all this is twenty years ago the dealer could act any way they wanted. Now if you want to do business with the guys like me, people with all the needed info literally at our fingertips customer service is becoming more mandatory and less optional. So feel free to act any way you want as a dealer but as time moves forward you will see fewer and fewer dealers as the industry consolidates from many little guys to a few larger organizations. Just look at the rise of the auction houses and online venues like ebay, gc and teletrade. </p><p><br /></p><p>Yesterday the coin dealer could act as unprofessional as they wanted. Today they will exist without my and guys like me's money. Tomorrow they will be gone. My industry is consolidated from a past of only one man band guys. Today it is half solo half corporate. </p><p>Tomorrow there won't be very many one man shows around and you can best believe the surviving few will have the best customer service around. Doug is right about yesterday. But this post is about tomorrow. And I'm not the only guy saying this. My advice to dealers now- listen to the comments your real life customers are making on venues like this. Tomorrow competition in this market is going to be twice as difficult as today.[/QUOTE]</p><p><br /></p>
[QUOTE="Vegas Vic, post: 1981913, member: 58810"]This describes me exactly. While I try to take a day off to go to a show I don't want to waste my time talking to a dealer when we are so far apart on pricing. And because there is no standardized method of pricing toned coins and even with white coins some people are so far over bid I have no interest in buying or even discussing anything. I'll stop and admire what they have and move on. The msg board has seen a lot of my coins. Only two came from a show. I overpaid on a few coinfacts coin but on many other I got good online rates I.g. I went to the pcgs only show a dealer was selling pcgs proof walkers. He wanted double gray bid because they had none of the haze I see so often on these coins. I honestly thought the guy had a good point and left. I bought a pcgs 64 walker proof on ebay two weeks later and paid $10 over gray bid. [ATTACH=full]353475[/ATTACH] Offered $20 less then I paid for this one, by one of the dealers here. [ATTACH=full]353477[/ATTACH] Offered $200 less then purchase by a dealer at a vegas show [ATTACH=full]353478[/ATTACH] A few examples to make my point. My point is not that I am an awesome coin professional. My point is that I am not. If someone with as little experience can purchase coins like this at the prices noted above it tells you one thing. Between tpg, internet, information(I use grey, coinfacts, ebay completed, and heritage) and a return policy that really that is all you need to succeed. Yes you need to be able to look at a coin and decide if it would work well with the grade but what the examples show is how seriously little experience is needed, and how far you can cut the middleman's piece of the pie. I've made some real mistakes. Not all of my purchases were great. But over all I've done ok for a simple retail buyer. In today's world the need for a middleman is decreasing. There will be coin dealers for some time to come, but boil it down to the basics. A coin dealer was the bridge connecting one collector to the next. And for many years they had a monopoly on coins. But times are changing and there really is a new breed of coin collector out there. You don't need to have my money to succeed as a dealer. But my population is growing and the old school fading away. Gone are the days when you needed to actually speak or see the person selling you the coin. And gone is the strict monopoly that dealers had over the industry. Dealers used to be 100% of the business. Every day shifts the equation from advantage dealer to advantage buyer. My point in all this is twenty years ago the dealer could act any way they wanted. Now if you want to do business with the guys like me, people with all the needed info literally at our fingertips customer service is becoming more mandatory and less optional. So feel free to act any way you want as a dealer but as time moves forward you will see fewer and fewer dealers as the industry consolidates from many little guys to a few larger organizations. Just look at the rise of the auction houses and online venues like ebay, gc and teletrade. Yesterday the coin dealer could act as unprofessional as they wanted. Today they will exist without my and guys like me's money. Tomorrow they will be gone. My industry is consolidated from a past of only one man band guys. Today it is half solo half corporate. Tomorrow there won't be very many one man shows around and you can best believe the surviving few will have the best customer service around. Doug is right about yesterday. But this post is about tomorrow. And I'm not the only guy saying this. My advice to dealers now- listen to the comments your real life customers are making on venues like this. Tomorrow competition in this market is going to be twice as difficult as today.[/QUOTE]
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