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What price should you expect to pay at a coin show?
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<p>[QUOTE="USS656, post: 313987, member: 6641"]This was a great off-topic post and I felt that it deserved it's own thread - so here goes:</p><p> </p><p><br /></p><p> </p><p> </p><p>This sounds like a comment made out of frustration but the big guy always has the advantage over the little guy - this has always been the way of business... As a small business you need to find a way to separate yourself from the others.</p><p> </p><p>I am an average Joe who doesn't spend a ton of money at any local shops or shows. I spend more online only because I feel I get better prices - the sacrifice is probably the quality of the coins. At a show you can pick the best set for the price. Pictures tend to hide many of the things you would notice with the coins in-hand.</p><p> </p><p>Okay to the real meat of the post - what price should I expect to pay at a show? Should I be able to walk up to a dealer and flash a copy of the grey sheet and say this (ask) is the price I would like to pay? </p><p> </p><p>I have done this and have had various reactions. One guy (who's shop I now go into from time-to-time) flat out told me that pricing is only for dealers and wanted 20% above ask for the 56 proof set I was looking at. I moved on. I mostly buy supplies there and probably will never quite forget his reaction or mark-up. Other dealers have told me they payed too much for the coins to let them go at that price - I can respect that but generally I move on when I hear it. His situation shouldn't be my loss. As posted in the other thread - many times the dealer will pull out a copy of the Grey sheet and show me the ask price. It is hard not to expect to pay ask when it's encouraged by others.</p><p> </p><p>Personally I feel if dealers are getting the coins at bid - ask is not a bad deal for them. Easy for me to say!!! I am not trying to insult anyone by thinking this way and if it is disrespectful in any way the dealer should simply say I cannot let it go at that price. In the end, they know what margin they need to reach to survive and I can respect that - but it may mean that I need to buy from someone else. If I want it bad enough - believe me I will pay a little extra for it.</p><p> </p><p>What are your thoughts?[/QUOTE]</p><p><br /></p>
[QUOTE="USS656, post: 313987, member: 6641"]This was a great off-topic post and I felt that it deserved it's own thread - so here goes: This sounds like a comment made out of frustration but the big guy always has the advantage over the little guy - this has always been the way of business... As a small business you need to find a way to separate yourself from the others. I am an average Joe who doesn't spend a ton of money at any local shops or shows. I spend more online only because I feel I get better prices - the sacrifice is probably the quality of the coins. At a show you can pick the best set for the price. Pictures tend to hide many of the things you would notice with the coins in-hand. Okay to the real meat of the post - what price should I expect to pay at a show? Should I be able to walk up to a dealer and flash a copy of the grey sheet and say this (ask) is the price I would like to pay? I have done this and have had various reactions. One guy (who's shop I now go into from time-to-time) flat out told me that pricing is only for dealers and wanted 20% above ask for the 56 proof set I was looking at. I moved on. I mostly buy supplies there and probably will never quite forget his reaction or mark-up. Other dealers have told me they payed too much for the coins to let them go at that price - I can respect that but generally I move on when I hear it. His situation shouldn't be my loss. As posted in the other thread - many times the dealer will pull out a copy of the Grey sheet and show me the ask price. It is hard not to expect to pay ask when it's encouraged by others. Personally I feel if dealers are getting the coins at bid - ask is not a bad deal for them. Easy for me to say!!! I am not trying to insult anyone by thinking this way and if it is disrespectful in any way the dealer should simply say I cannot let it go at that price. In the end, they know what margin they need to reach to survive and I can respect that - but it may mean that I need to buy from someone else. If I want it bad enough - believe me I will pay a little extra for it. What are your thoughts?[/QUOTE]
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