What would you do in this situation?

Discussion in 'Coin Chat' started by Pilkenton, Jul 8, 2014.

  1. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Let's consider a few things . . .

    It sounds like a fair amount of time has passed since you frequented this shop. We all grow from our experiences, and it's entirely possible that this owner, and perhaps even his staff has changed as a result. Giving this man the benefit of the doubt is probably the best way to handle the situation.

    I don't think you can fault this seller for being unwilling (unable?) to bargain when he apparently pays strong money for the coins he puts in his inventory. Expecting to waltz into his shop and bargain on price, while he willingly pays the asking price at your table, without any negotiation at all, is paradoxical to me.

    From behind the table, I would sell a few coins to him at your prices, but not all that he wants. Price a few of them high enough that you're sure he'll pass.

    Then I'd take the others to his shop with you, explain that you'd retained those coins on purpose, and try to cultivate a new relationship, knowing you still have some coins they would like to own. If he's a good dealer, he'll respect the fact that you are trying to work with him at a level closer to wholesale than retail. Then, you need to respect the fact that his overhead is much higher than your own. Any deal struck in his shop still needs to be in his favor. Conducting business that way will gain you far more of his respect than that gained by customers who do not consider his position (perhaps you were one of them years ago?).

    - Mike
     
    Last edited: Jul 8, 2014
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  3. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Sell him the coins, and make sure that you two do not get married. It won't last. :)
     
    definer, Kasia, micbraun and 4 others like this.
  4. Argenteus Fossil

    Argenteus Fossil Active Member

    Oh don't even get me started! ;)
     
  5. Argenteus Fossil

    Argenteus Fossil Active Member

    I do want to disagree with a common theme in previous comments. They all suggest returning to the store or in the future with other dealers, display your knowledge so the shop owners/dealers know that you know something about coins to gain their respect, etc... I completely disagree. In what other business do you go to that you have to prove yourself to be a customer!?! When you go to the grocery store, you don't have to show that you know about different types of milk to buy milk. If anything, they should try to prove themselves to you as to why you should do business with them!
     
  6. rickmp

    rickmp Frequently flatulent.

    ABSOTIVELY!
     
  7. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    POSOLUTELY!!!
     
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  8. Patrick King

    Patrick King Well-Known Member

    Sell him the coins, but first assert your dominance by peeing on them as he watches. The next time you go to his store, he will recognize you as his superior.
     
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  9. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Oh definitely. This is clearly a territorial issue.
     
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  10. rickmp

    rickmp Frequently flatulent.

    We definitely need a sarcasm font.
     
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  11. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Maybe Patrick was really on to something....:):D
     
  12. Kentucky

    Kentucky Supporter! Supporter

    There is one B&M coin shop in my area that I have only been in a few times. This is in Oxnard, CA. The owner (?) is OK, but not overly friendly. I also buy from a dealer who shows up at a flea market and I sometimes stand and shoot the...bull with him. He has given me many deals, particularly on coins he has picked up but are not in his interest range. I would think letting a dealer know that you are not a complete noob and that you have specific interests should work in your favor. In the present case, I would let the customer at my table know that I know his shop and be friendly. Stop by the shop at a later date even if just to say hi.
     
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  13. ace71499

    ace71499 Young Numismatic

    I brought some coins to a local coin shop to see if my grandfather got ripped off (he bought me 200 bucks worth of assorted coins to start my collection off) he said
    "You have basically a bunch of garbage here, tell your grandfather not to buy coins for you anymore" Then i showed him my coins that i have found he said "Maybe instead of going by whatever the internet tells you, you should buy this redbook (he said this in a nasty tone)" I was enraged that i literally left forever, and do not plan on returning. I also would like to add that i am a big grudge holder so if he came to my shop i probably would have said, right before he purchased the coin "oh sorry im on my lunch break now, please come back when ____ freezes over" Only because he said my collection was garbage (summed up)
     
  14. medoraman

    medoraman Supporter! Supporter

    Was it garbage? A lot of older dealers may sound gruff, but it's their way to teaching. Sometimes being shocked by the truth is enough to kick some in the pants out of laziness and get to educate themselves before they waste too much money. One of the best dealers I ever knew was this way, but if you proved to him you were willing to learn he would spend hours teaching you. He just got tired of lazy collectors unwilling to spend time studying and just wanted all answers handed to them.

    Yes, there are a lot of grouchy dealers, but a heck of a lot more lazy collectors unwilling to educate themselves.
     
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  15. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna


    How many go into a grocery store to willingly/gladly waste hours of the manager's time without spending a single cent, and in what other business is this type of behavior considered, at least by some, to be the perfectly acceptable norm? I am sorry, but your example is a poor comparison.
     
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  16. flintcreek6412

    flintcreek6412 Active Member

    Ever consider the chance that he does know more than you? He bought your stuff at retail no questions asked as a dealer. Not sure what he bought but there may be attributions he recognized that you have no clue about......Just saying it's possible.
     
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  17. coleguy

    coleguy Coin Collector

    By chance is that the shop near the turn-off to Santa Clara? I only went there a few times when I'd be there visiting my sister. Used to have a good selection of copper. I kinda forgot it was there. The one on Bluff closed, as far as I know, after the previous owner was killed.
     
  18. ToughCOINS

    ToughCOINS Dealer Member Moderator

    A very likely scenario. I've been both the picker and the picked . . . advantage goes to the party with greater knowledge.
     
  19. Argenteus Fossil

    Argenteus Fossil Active Member

    That's a valid argument. I see where you are coming from.

    What about clothing stores? Specifically higher end clothiers. I spend time talking and a few visits before a big purchase. I want to see if they are knowledgable in their trade. Once a relationship has been established I return over and over. In wealth management, specifically financial advising, clients spend hours and hours over weeks or months sometimes visiting and asking questions before becoming a client. It comes with the territory. Some people are more geared towards making a sale, but I feel it's the wrong approach. Given the complaints here I think I may be on to something? What do you feel?
     
  20. spirityoda

    spirityoda Coin Junky

    yup that's the coin shop. get this. I was in the other coin shop before that new coin shop opened. I was there 1 hour before my late and great coin dealer Gordan Allgood get shot and killed in his coin shop. His best friend Troy took over the shop and moved it over by the Dixie downs area close to or on the way to Santa Clara.. he still calls it Allgood Coin for the respect of his best friend that died, Gordan Allgood was a great man and friend. he taugh me a lot about coins and was a great friend. I sure miss him.
     
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  21. spirityoda

    spirityoda Coin Junky

    I am not saying you have to prove yourself... just let them know you've collected for so many years and you know the coins you are going after. I wanted to also say... "ask" for a discount on multiple coin lots/bundles. I often get great deals if I buy several coins from the same dealer. or if the dealers has multiples of the same coin I always ask for a discount and they usually give it to sell that coin off. :blackalien:
     
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