Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Was This Out of Line?
>
Reply to Thread
Message:
<p>[QUOTE="Marshall, post: 1516153, member: 21705"]Part of your education is knowing that just because HE got a bargain (or overpaid), it does not mean YOU should get a bargain (or overpay). Also, it's up to YOU to determine what YOU think is fair. It's not your job to make sure the buyers didn't make money off the transaction. You were invited to make an offer, but you wanted the seller to make the offer after he's already mad one. You asked him to make a second offer without you're making a counter offer. This is what is called bidding against yourself and the seller is not likely to take kindly to this poor business practice. Unless you're a sports agent, you won't generally find it a common practice.</p><p><br /></p><p>I would not say you were out of line, but I would consider it immature to the ways of normal commerce.</p><p><br /></p><p>I often find the individual coins I can identify and find out what they've sold for in the past. Some times they're substantially higher. Other times they don't attract bids or offers at half the price. YOU as a buyer have to determine what you are willing to pay. The seller has to determine what he is willing to accept. If you can meet at an acceptable price, you can complete a transaction. If not, then you won't. That's the market.</p><p><br /></p><p>The idea of flipping it quickly is sometimes maligned. But it is the best way to make sure the seller stays in business and that the buyer can obtain his purchase with the minimum markup. If you have a seller that refuses to ever take a loss on a transaction, he will wind up holding overpriced stock for an inordinate amount of time and reduce his sales. But it does seem to be a business model common in numismatics.[/QUOTE]</p><p><br /></p>
[QUOTE="Marshall, post: 1516153, member: 21705"]Part of your education is knowing that just because HE got a bargain (or overpaid), it does not mean YOU should get a bargain (or overpay). Also, it's up to YOU to determine what YOU think is fair. It's not your job to make sure the buyers didn't make money off the transaction. You were invited to make an offer, but you wanted the seller to make the offer after he's already mad one. You asked him to make a second offer without you're making a counter offer. This is what is called bidding against yourself and the seller is not likely to take kindly to this poor business practice. Unless you're a sports agent, you won't generally find it a common practice. I would not say you were out of line, but I would consider it immature to the ways of normal commerce. I often find the individual coins I can identify and find out what they've sold for in the past. Some times they're substantially higher. Other times they don't attract bids or offers at half the price. YOU as a buyer have to determine what you are willing to pay. The seller has to determine what he is willing to accept. If you can meet at an acceptable price, you can complete a transaction. If not, then you won't. That's the market. The idea of flipping it quickly is sometimes maligned. But it is the best way to make sure the seller stays in business and that the buyer can obtain his purchase with the minimum markup. If you have a seller that refuses to ever take a loss on a transaction, he will wind up holding overpriced stock for an inordinate amount of time and reduce his sales. But it does seem to be a business model common in numismatics.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Was This Out of Line?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...