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<p>[QUOTE="jaceravone, post: 1867349, member: 9474"]My good friend happens to be my coin dealer, so every day I am hanging at his shop. These very same types of people come in all the time. He is just very patient with them and tries to explain things to them in a way they understand. For instance, most people like this get their pricing info from the Red Book or some other sort of retail price guide. My buddy just explains to them that this pricing is usually retail pricing from one collector to another, but as a dealer, he has to make some money to pay his overhead costs so dealer prices are much less. Most customers understand this, but not all. Its just taking the time to look through what they have and explaining things to them. Here is another example. A customer brought in a roll of memorial cents. Can't remember the date. But in the Red Book, it said that in MS67 RD each one of these was worth $35 so he wanted $35x50. My dealer just had to explain to this guy how grading worked and that there may be one or two that would grade that high, but most would be less. The guy couldn't understand how a UNC roll would grade for anything less than MS67RD per cent.[/QUOTE]</p><p><br /></p>
[QUOTE="jaceravone, post: 1867349, member: 9474"]My good friend happens to be my coin dealer, so every day I am hanging at his shop. These very same types of people come in all the time. He is just very patient with them and tries to explain things to them in a way they understand. For instance, most people like this get their pricing info from the Red Book or some other sort of retail price guide. My buddy just explains to them that this pricing is usually retail pricing from one collector to another, but as a dealer, he has to make some money to pay his overhead costs so dealer prices are much less. Most customers understand this, but not all. Its just taking the time to look through what they have and explaining things to them. Here is another example. A customer brought in a roll of memorial cents. Can't remember the date. But in the Red Book, it said that in MS67 RD each one of these was worth $35 so he wanted $35x50. My dealer just had to explain to this guy how grading worked and that there may be one or two that would grade that high, but most would be less. The guy couldn't understand how a UNC roll would grade for anything less than MS67RD per cent.[/QUOTE]
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