April 13, 2017 – We wanted to take a moment to discuss a very important part of our business plan. In the coin business, we are judged by our peers in a number of different areas including the diversity and scope of our inventory, our expertise in the field of numismatics, and perhaps most importantly our integrity and honesty. For these reasons and others, we have made the commitment to never knowingly re-sell coins sourced from public auctions. There are some very important reasons for this, all inter-related to the above referenced public perception. For starts, we like to believe that our 30+ years in business has established a foundation, or as we prefer to call it, a feeder network, a nucleus of fellow numismatists who have become our supply chain. These proprietary sources are the result of hard work and dedication in forging lasting relationships. In our estimations, our customers are not only paying us for our coins but also our knowledge and insight. It is hard for us to justify merely acting as an agent, farming coins from auction and moving them to a retail environment. Everybody has access to numismatic auctions. They are online and well exposed. If you have a smart phone, tablet or computer these days, you have a direct path to the auction venue. Consequently, almost anybody and everybody has the ability to purchase coins from auction if they so desire. There is nothing exclusive about it, and more importantly, the role of a professional numismatist in the process is often not necessary. Sure, sourcing coins from private parties is a far greater challenge. But, when it is time to sell your coins, which scenario would you rather have: a collection of coins fresh out of the woodwork, or coins which have auction history with associated published prices realized and a ceiling to what they potentially could be worth? Again, when you purchase a coin from The Reeded Edge, you are purchasing more than just the coin. Along with it, comes the peace of mind that your acquisition is fresh to the market, and more than likely resurrected from a collector much like yourself. Fortunately, there are still enough coins in private hands to make this a viable approach for us. We know that there are some collectors, and even more dealers, that take exception to this approach; but it has worked for us and allowed us to garner a loyal and growing customer base. We think it works for them, as well!
https://www.reedededge.com/wp-content/uploads/2017/09/banner.png 0 0 ReededEdge https://www.reedededge.com/wp-content/uploads/2017/09/banner.png ReededEdge2017-09-14 19:06:312017-09-14 19:08:41Our Thoughts on Reselling Auction Coins