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What price should you expect to pay at a coin show?
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<p>[QUOTE="mikenoodle, post: 314410, member: 307"]Darryll:</p><p><br /></p><p>I don't know if this helps, but as you know, I do some working with a local coin dealer on the side, and when it comes to pricing, we have a pretty standard policy and I think I'll put it out there and you can view this as another differing way of doing it.</p><p><br /></p><p>We pretty strictly go by CDN, although in ANY case where we ask more, it is because we paid more than sheet for it. As for a policy of price on something... when someone comes up to the table and asks for a price, either to buy or sell, we try to calculate a fair price the FIRST time. If this is an acceptable price, the deal is done, if not, then both of us move on. </p><p><br /></p><p>Haggling on price is never done at our table. As a dealer, it is incumbent upon me to calculate the best deal I can make on the first try, not feel out a customer for what they want to pay. I feel that if I make my best effort the first time, then most times customers will be direct and either buy or not. There are no hard feelings with either decision, buy or not, but there is also NOT a "can you do a little bit better" price. If I could do a little bit better, I would have and I understand if you feel that you'll want to search more. </p><p><br /></p><p>Some customers mistake this for not caring, I actually feel it is quite the opposite in the fact that I respect the customer from the start and make a solid attempt to earn his business on the first try.</p><p><br /></p><p>just a rookie coin dealer spouting off... GREAT thread Darryll!!![/QUOTE]</p><p><br /></p>
[QUOTE="mikenoodle, post: 314410, member: 307"]Darryll: I don't know if this helps, but as you know, I do some working with a local coin dealer on the side, and when it comes to pricing, we have a pretty standard policy and I think I'll put it out there and you can view this as another differing way of doing it. We pretty strictly go by CDN, although in ANY case where we ask more, it is because we paid more than sheet for it. As for a policy of price on something... when someone comes up to the table and asks for a price, either to buy or sell, we try to calculate a fair price the FIRST time. If this is an acceptable price, the deal is done, if not, then both of us move on. Haggling on price is never done at our table. As a dealer, it is incumbent upon me to calculate the best deal I can make on the first try, not feel out a customer for what they want to pay. I feel that if I make my best effort the first time, then most times customers will be direct and either buy or not. There are no hard feelings with either decision, buy or not, but there is also NOT a "can you do a little bit better" price. If I could do a little bit better, I would have and I understand if you feel that you'll want to search more. Some customers mistake this for not caring, I actually feel it is quite the opposite in the fact that I respect the customer from the start and make a solid attempt to earn his business on the first try. just a rookie coin dealer spouting off... GREAT thread Darryll!!![/QUOTE]
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