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The run down on a local dealer. Need some advice here.
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<p>[QUOTE="coinhead63, post: 1348381, member: 28001"]The coin dealer you mention seems to have a monopoly in that area of MD. In my opinion your competition can improve upon the quallity of the coins that are available to the collectors in the area. I feel there is room for both of you as he offers raw coins (though dipped) and you offer slabbed coins. He may feel you are on his "turf" when it comes to buying coins. So be it. I have a 4 year old "monopoly" in my area with my repair service. If I discovered a newcommer in my area, it would be an opportunity for me to re-examine what I offer to my customers and make improvements if and/or where needed in order to continue offering the very best to my customers. He may or may not take your competition this way. If he does, I believe it is a win-win situation for everyone from the sellers to the buyers. Collectors welcome the abillity to make a choice. By being another buyer and by your offering of slabbed coins, you directly or perhaps indirectly help educate collectors as to what is a good coin vs. not so good (or just melt value). Even though he may be offering fair buying prices, he's been leading people into believing a bright white or red coin (though dipped) is more desireable to an original coin with less than desireable appearance and charging for a higher grade as a result. If he becomes upset with you, I believe it is his problem not yours and it is probably a result of his dishonesty. Hopefully, this will result in some good old fashioned friendly competition.[/QUOTE]</p><p><br /></p>
[QUOTE="coinhead63, post: 1348381, member: 28001"]The coin dealer you mention seems to have a monopoly in that area of MD. In my opinion your competition can improve upon the quallity of the coins that are available to the collectors in the area. I feel there is room for both of you as he offers raw coins (though dipped) and you offer slabbed coins. He may feel you are on his "turf" when it comes to buying coins. So be it. I have a 4 year old "monopoly" in my area with my repair service. If I discovered a newcommer in my area, it would be an opportunity for me to re-examine what I offer to my customers and make improvements if and/or where needed in order to continue offering the very best to my customers. He may or may not take your competition this way. If he does, I believe it is a win-win situation for everyone from the sellers to the buyers. Collectors welcome the abillity to make a choice. By being another buyer and by your offering of slabbed coins, you directly or perhaps indirectly help educate collectors as to what is a good coin vs. not so good (or just melt value). Even though he may be offering fair buying prices, he's been leading people into believing a bright white or red coin (though dipped) is more desireable to an original coin with less than desireable appearance and charging for a higher grade as a result. If he becomes upset with you, I believe it is his problem not yours and it is probably a result of his dishonesty. Hopefully, this will result in some good old fashioned friendly competition.[/QUOTE]
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The run down on a local dealer. Need some advice here.
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