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Article #4975Re: COINS for sale
From: Teri Baukal
Date: Wed, 11 Jan 1995 16:11
Date: Wed, 11 Jan 1995 16:11
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3518 bytes
In article <igor.62.003D1EF9@interport.net>, igor@interport.net (Jay Bloom) writes: >In article <1995Jan11.133011.19138@MITL.Research.Panasonic.COM> teri@ATVL.Research.Panasonic.COM (Teri Baukal) writes: >>From: teri@ATVL.Research.Panasonic.COM (Teri Baukal) >>Subject: Re: COINS for sale >>Date: Wed, 11 Jan 1995 13:30:11 GMT > >>In article <3eumgf$8es@asia.lm.com>, dshirsh@telerama.lm.com (dshirsh) writes: >>>Can I ask why you didn't just sell the whole collection of coins to the >>>local coin store ? Would have probably saved a lot of heartache. >>>-- >>Because dealers will only give you maybe 30% of what you could sell the coins >>to the consumer. That's the case with any dealer, for baseball cards, dolls, >>cars, etc., because they won't make money otherwise. > >But you said that DEALERS rushed to buy half your collection at your prices in >the first weekend. Why would those "Dealers" be interested and your friend >(Also a dealer) wouldn't be????? > Because these two dealers, which are local to my area (Philadelphia), sell coins for about 30% MORE than other dealers in the area. Therefore, by buying the coins from me at my price, they could still sell them to the consumer for more money than the average dealer and still make money. Why would people buy from them when they could go a few miles down the street and get the same coin for 30% less? Because they're well-known and people trust them; they've been in the business for many years, and they're honest. My friend is also a dealer, but even though he's honest, he hasn't been established long enough to warrant the same trust from consumers as the "big guys". And he owns a small store in the middle of nowhere. Think about it this way, if you want to buy a car, who do think is going to charge you less, the big fancy dancy Ford dealership located in the busiest section of town, or Joe's Cars located in the worst part of the neighborhood? I hope that has satisfied the dozen or so people who have continued to ask this question.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: febf3,34b01eb475233489 X-Google-Attributes: gidfebf3,public X-Google-Thread: 1031e1,8a3175d1d55b7127 X-Google-Attributes: gid1031e1,public X-Google-Thread: 1085ff,8a3175d1d55b7127 X-Google-Attributes: gid1085ff,public X-Google-Thread: 1046a1,8a3175d1d55b7127 X-Google-Attributes: gid1046a1,public X-Google-Thread: f5b2d,8a3175d1d55b7127 X-Google-Attributes: gidf5b2d,public X-Google-Thread: 102b99,8a3175d1d55b7127 X-Google-Attributes: gid102b99,public X-Google-Thread: 107ef8,8a3175d1d55b7127 X-Google-Attributes: gid107ef8,public X-Google-Thread: 112970,8a3175d1d55b7127 X-Google-Attributes: gid112970,public X-Google-ArrivalTime: 1995-01-11 08:11:02 PST Newsgroups: rec.collecting,rec.collecting.coins,nj.forsale,pa.forsale,princeton.forsale,misc.forsale.non-computer,dc.forsale,ny.forsale Path: arc1-ca.pugleaf.net!nntp.gmd.de!newsserver.jvnc.net!rutgers!gatech!howland.reston.ans.net!math.ohio-state.edu!uwm.edu!lll-winken.llnl.gov!koriel!wnoc-sfc-news!wnoc-tyo-news!aist-nara!odins-suita!oskgate0.mei!chorus.mei!ced.mei!panasonic.com!news From: teri@ATVL.Research.Panasonic.COM (Teri Baukal) Subject: Re: COINS for sale Message-ID: <1995Jan11.161102.23872@MITL.Research.Panasonic.COM> Sender: news@MITL.Research.Panasonic.COM Reply-To: teri@ATVL.Research.Panasonic.COM Organization: Panasonic ATVL References: <igor.62.003D1EF9@interport.net> Date: Wed, 11 Jan 1995 16:11:02 GMT Lines: 37