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Recycled Article No. 1: Coin Show Etiquette
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<p>[QUOTE="medoraman, post: 1479821, member: 26302"]I would have one slight disagreement with you Charmy, and one agreement with you versus CoinGeezer. </p><p><br /></p><p>For the disagreement, you say to not "insult" the dealer with greysheet price for a good coin. Well, I would say it would depend on the coin, the series, how fast they are moving, etc. You may have an excellent 65 commemorative, but if commemoratives are slow I may "insult" you with a greysheet offer. I don't knwo how strong you had to pay, and if I see other dealers selling at greysheet I do not see how it would be insulting.</p><p><br /></p><p>As for the agreement, I fully agree if you cherry pick a coin and are getting it for less that its worth to just pay the asking price. I say this since I have known of cases where a dealer had an unmarked coin and someone cherrypicked it. Ok, thats fair. As soon as the dealer picked the coin up he knew he had missed the rarity but he was going to honor the sale. However, the cherrypicker pressed his luck and then demanded a discount. The dealer, (fully in his rights, heck technically he didn't even have to sell it at the listed price), then said, "no thank you, that price is not acceptable". He placed the coin in his bag and was no longer for sale. </p><p><br /></p><p>I thought about this situation for quite some time, but have come to the conclusion the dealer was absolutely right and ethical. He was going to honor his price, even though legally a price marked is an offer to inquire and not legally binding on him. However, the collector being greedy then offered a lower price. This offer negated the dealer having to honor his marked price, at which time the dealer was ethically justified in taking to coin off sale. </p><p><br /></p><p>To me, any counteroffer on a cherrypicked item is putting at risk you being able to buy that item at any price. If you just picked a $500 coin with a $85 price tag, do you really wish to take that risk?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1479821, member: 26302"]I would have one slight disagreement with you Charmy, and one agreement with you versus CoinGeezer. For the disagreement, you say to not "insult" the dealer with greysheet price for a good coin. Well, I would say it would depend on the coin, the series, how fast they are moving, etc. You may have an excellent 65 commemorative, but if commemoratives are slow I may "insult" you with a greysheet offer. I don't knwo how strong you had to pay, and if I see other dealers selling at greysheet I do not see how it would be insulting. As for the agreement, I fully agree if you cherry pick a coin and are getting it for less that its worth to just pay the asking price. I say this since I have known of cases where a dealer had an unmarked coin and someone cherrypicked it. Ok, thats fair. As soon as the dealer picked the coin up he knew he had missed the rarity but he was going to honor the sale. However, the cherrypicker pressed his luck and then demanded a discount. The dealer, (fully in his rights, heck technically he didn't even have to sell it at the listed price), then said, "no thank you, that price is not acceptable". He placed the coin in his bag and was no longer for sale. I thought about this situation for quite some time, but have come to the conclusion the dealer was absolutely right and ethical. He was going to honor his price, even though legally a price marked is an offer to inquire and not legally binding on him. However, the collector being greedy then offered a lower price. This offer negated the dealer having to honor his marked price, at which time the dealer was ethically justified in taking to coin off sale. To me, any counteroffer on a cherrypicked item is putting at risk you being able to buy that item at any price. If you just picked a $500 coin with a $85 price tag, do you really wish to take that risk?[/QUOTE]
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