If you have your eye on specific coins with value you need to think about how you can acquire those coins. While some people are simply able to purchase these coins outright, others are going to need to get slightly creative with how they approach their purchase.
Bargaining is an important tool for those who are in coin collecting and are looking to be able to get coins with value. Taking the time to understand some simple bargaining tactics and learning how to bargain with more than just money will help you to see success.
Work the Price Down
The basis of any good bargaining process is to work the price down, giving you the best possible deal for the coins that you are looking to purchase. This is something that you need to work down before you attempt the next two steps or tricks.
Work on your negotiating skills and try to negotiate the price down to something lower and more manageable. It is important for you to research the coin before trying to work the price down, as your knowledge of the true value of the coin will put you on a level playing field with the dealer. You will know how much the coin is worth, when you will be getting a steal, and when you need to walk away from the transaction due to price.
Installments
If you are trying to bargain for coins with value and the person or dealer wants more for the coin that you can handle, consider asking for payment installations. Ask them if they would like to write up a small contract, stating that you will pay the coin off in installments. You may not see the coin until you have paid all installments, but the coin will be saved for you. This helps both parties to get what they want, a fair compromise and a good bargaining tactic for those who feel the coin they want is out of reach.
Other Coins
If you have some coins in your collection that you do not want anymore, ask if you can pay off some of the debt for the coin with other coins. Some shops will be willing to make a transaction like this, even though they do not see upfront money, because they can potential up-sell the coins and make more money than they would have made if you paid upfront.
While it may take you some time to learn how to work the price down, the effort will be worth it. While you may find someone who is working to work in installments or take other coins for coins with value, others may not. This is why you need to foster strong relationship with coin dealers in the area and work to get them on your side. The closer your relationship is with these other coin collectors and profession coin shop owners, the easier it will be for you to bargain for coins with value.
Photo Credits: Svadilfari
Originally posted 2011-04-22 03:19:52. Republished by Blog Post Promoter
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1 comment so far ↓
Hey these are some great tips. I think you’ll find that with any serious coin dealer, if there’s a way to make a deal, a deal will get made. Coins can be such a great, fulfilling investment and dealers, at heart, are just as much collectors as they are businessmen.
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