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Today's coin dealer experience..Warning..long winded!!
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<p>[QUOTE="The_Cave_Troll, post: 318471, member: 1674"]Have you ever tried to sell a piece of jewelry back to a retail store? They generally work on a 200% or more mark up meaning when you try to sell back to them they will pay less than 35 cents on the dollar. If coin dealers could get away with that the business would be easier, but we can't we work on a 5-20% markup. Coin dealers would likely act differently if they tripled up on every coin they sold instead of dealing with buyers who want to chisel every last cent from them until there is no profit in the transaction. </p><p><br /></p><p>Your comparison is faulty.</p><p><br /></p><p><br /></p><p>edited to add:</p><p><br /></p><p>I am annoyed by dealers and collectors who insist on arguing about grade. If I offer a coin for sale make me an offer (or accept my price) but don't tell me a story. The same is true if someone offers me a coin. Just tell me what you want for it and I will either accept it or counter (if the asking price is anywhere near reasonable), but don't tell me a story about why I should pay more, I don't care to hear it.[/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 318471, member: 1674"]Have you ever tried to sell a piece of jewelry back to a retail store? They generally work on a 200% or more mark up meaning when you try to sell back to them they will pay less than 35 cents on the dollar. If coin dealers could get away with that the business would be easier, but we can't we work on a 5-20% markup. Coin dealers would likely act differently if they tripled up on every coin they sold instead of dealing with buyers who want to chisel every last cent from them until there is no profit in the transaction. Your comparison is faulty. edited to add: I am annoyed by dealers and collectors who insist on arguing about grade. If I offer a coin for sale make me an offer (or accept my price) but don't tell me a story. The same is true if someone offers me a coin. Just tell me what you want for it and I will either accept it or counter (if the asking price is anywhere near reasonable), but don't tell me a story about why I should pay more, I don't care to hear it.[/QUOTE]
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Today's coin dealer experience..Warning..long winded!!
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