Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Working with dealers
>
Reply to Thread
Message:
<p>[QUOTE="bhp3rd, post: 578516, member: 16510"]<b>If respectful 10%, buy a lot, 15% become a customer</b></p><p><br /></p><p><br /></p><p> </p><p>If respectful 10%, buy a lot, 15% become a customer for life sometimes 25%.</p><p>It's all supply and demand just like everything else. When I get a good deal on something I can pass it on. When I'm tight I cannot. It is also very coin specific. For instance on a Mint State twentieth century Type coin that is not a key date the amount of money off the asking price will generally be more - On a key date in original beautiful condition there may be no discount - we don't have to on the second coin - it will sell for full price, in other words again, supply and demand.</p><p>With silver and gold it will be a very close margin because it's just to volatile.</p><p>The thing to remember with any coin is 99% of the time "the dealer who has the coin you may want knows more than you do"!</p><p>The trick is to find the coin value where you may know more than the dealer, that's when you may score a home run.</p><p>The way you do this is again, buy the book, buy the book! Study the price guilds, what for trends, and most of all follow your own path knowing full well it may take you five or more years just to begin to get a grip on this "coin business thing!</p><p>One more thing then I'll shut up - don't be afraid to make mistakes. I always learn more from my mistakes and really hard lessons than I do from my successes![/QUOTE]</p><p><br /></p>
[QUOTE="bhp3rd, post: 578516, member: 16510"][b]If respectful 10%, buy a lot, 15% become a customer[/b] If respectful 10%, buy a lot, 15% become a customer for life sometimes 25%. It's all supply and demand just like everything else. When I get a good deal on something I can pass it on. When I'm tight I cannot. It is also very coin specific. For instance on a Mint State twentieth century Type coin that is not a key date the amount of money off the asking price will generally be more - On a key date in original beautiful condition there may be no discount - we don't have to on the second coin - it will sell for full price, in other words again, supply and demand. With silver and gold it will be a very close margin because it's just to volatile. The thing to remember with any coin is 99% of the time "the dealer who has the coin you may want knows more than you do"! The trick is to find the coin value where you may know more than the dealer, that's when you may score a home run. The way you do this is again, buy the book, buy the book! Study the price guilds, what for trends, and most of all follow your own path knowing full well it may take you five or more years just to begin to get a grip on this "coin business thing! One more thing then I'll shut up - don't be afraid to make mistakes. I always learn more from my mistakes and really hard lessons than I do from my successes![/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
>
Coin Chat
>
Working with dealers
>
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...