What does retail / wholesale mean?

[toyonakataro]

When someone says, "retail at the show was strong" what does it actually mean?

How about "wholesale"? Is it a transaction between dealers? I'm totally clueless.

[truthteller]

When someone says, "retail at the show was strong" what does it actually mean?

How about "wholesale"? Is it a transaction between dealers? I'm totally clueless.

 

 

Wholesale refers to dealer to dealer transactions. Retail refers to sales to the general public or collectors.

 

 

TRUTH

[toyonakataro]

Thanks, Mr.Truth.

Is there any term for collectors selling to dealers? Is it part of wholesale?

[truthteller]

Thanks, Mr.Truth.

Is there any term for collectors selling to dealers? Is it part of wholesale?

 

 

From a dealer's perspective, it's called a "over the counter" purchase when a collector or the general public sell at a coin shop. Another term is "private party purchase", which means any person, other than a dealer, who sells to a coin dealer whether it be at a store, coin show, etc.

 

 

 

TRUTH

[toyonakataro]

Thanks a lot. I was wondering for a while

[michael]

for crazy coins there is only one market

 

they bring crazy money if selling to the knowledgable advanced collector and/or dealer

 

you can never overpay for a crazy coin in fact usually you underpay as many sellers be them collectors disinterested third parties or dealers do not know how to price them or do not understand their true value

 

only buy crazy coins

[Scavenger]

An easy way to remember- When your buying, your paying RETAIL price.

When your selling, your getting WHOLESALE price.

[Coin]

Actually kinda true , only mostly you are selling and getting under wholesale bid for your coin unless it is one that is in demand and you both know this .

As far as my experience goes , I have gotten some of the most reasonable offers from dealers at the Baltmore shows , the least favorable from the Florida FUN shows and have not been to any West of the Mississippi yet. This seems strange to me as most of the same dealers go to both shows and seem to miraculously change their buying /offering habits.

Do you think they tailor their buying to the local market areas? They still seem to be talkative and friendly , but it is like they are using a whole different set of buy tactics . Is this just me or what do you think?

[HaydenTubbs]

Actually kinda true , only mostly you are selling and getting under wholesale bid for your coin unless it is one that is in demand and you both know this .

As far as my experience goes , I have gotten some of the most reasonable offers from dealers at the Baltmore shows , the least favorable from the Florida FUN shows and have not been to any West of the Mississippi yet. This seems strange to me as most of the same dealers go to both shows and seem to miraculously change their buying /offering habits.

Do you think they tailor their buying to the local market areas? They still seem to be talkative and friendly , but it is like they are using a whole different set of buy tactics . Is this just me or what do you think?

 

 

The Yankee dealers probably feel uncomfortable down south.