Any rare coin lover will understand this feeling: you see a coin you simply must have. Your eyes pop out just a bit and your pulse quickens. You get excited thinking about adding it to your collection. However there's something you should think about at this critical time as well. Are you prepared to negotiate for the price of your rare coins? Are you getting the best value you can?
Not every situation is ideal for negotiation of the price of your coins. It's important to recognize that sometimes a buyer is already giving you a very reasonable bargain and to respect the great opportunity that's in front of you.
To try and negotiate for a better price on that rare coin would be even a bit insulting, as the buyer has already thoughtfully gone to the trouble of offering you the most competitive price available. Being sensitive to not only your own needs but also the needs of the buyer makes for the best negotiation.
Use the U.S. Coins Price Guide to ensure you understand the value of your rare coins. Remember to use the most current edition. This is the market value of your rare coin that you desire. While this is the ideal price the coin would be sold for, there are other factors to keep in mind. In some regions of the U.S.A., certain coins would be much more popular than others, so the prices might be higher to reflect that demand vs. supply ratio.
In others, there may be coins that are in less demand that are right at that U.S. Coins Guide. It's those coins you will likely have a better time negotiating the price of. If they are not in demand then the seller will be eager to sell
if a buyer walks in.
The best negotiation is one with a "win-win" attitude where both parties walk away feeling satisfied. You may be wondering, "why should I be so concerned?" but remember: you may do business with this rare coin dealer again, not so far down the road. Or if you give them a very difficult time on a deal they may complain of their troubles with you to other coin dealers. Better to not get a reputation as a troublemaker.
Always think of what deal would satisfy both parties and look at having a long-term relationship with this rare dealer. The coin dealer who gives you a great deal today could be the very same one who finds you that much-sought after coin you've dreamed of for years, six months from now. You don't want them to give you much trouble in selling it to you....now do you?
When negotiating the price of rare coins, remember to consider having the coin evaluated by a third party. An appraisal could save you a great deal of money if you discover the coin is not worth what you'd hoped it to be, or if it's from a different period in history. This coin also could be exactly what you hoped it to be and an appraisal could confirm this for you, making you more definite about your negotiations. Having an appraisal makes you appear to be more of a serious and confident buyer.
Always have a manner of respect, politeness and dignity when negotiating. A negotiation is a discussion to reach an agreement. If you desire a rare coin you seek, a negotiation could be an opportunity to own the one of your dreams. Better to ask than to let that rare beauty slip away forever!
![[Valid RSS feed]](http://cdnimages.articlefriendly.net/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
