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#3115332 - 04/23/09 11:30 AM Coin Dealer Price codes??
gigi9993 Offline
Just got here


Registered: 04/23/09
Posts: 5
Hello eveyone as this is my first of hopefully many posts. I have a question. Coin dealers always put some letters or sometimes mixed with numbers on the back of 2x2 flips or on the back of slabs that they refer to when they determine a price to a prospective customer. Can anyone help me with what all these alphanumerics mean????

Many Thanks!

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#3115348 - 04/23/09 11:36 AM Re: Coin Dealer Price codes?? [Re: gigi9993]
TJ'S Coins Offline
Carpal Tunnel
The Post-man always rings twice. Uhm... ring ring?


Registered: 03/09/06
Posts: 1825
Loc: Coal, Corn & Coin Country
Welcome to the boards and a great question.

One benefit is to know how much they have invested in the coin. With price fluctuations using the code eliminates for changing the flip every time the price changes.
_________________________
Collecting coins that appeal with character and originality.

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#3115349 - 04/23/09 11:36 AM Re: Coin Dealer Price codes?? [Re: gigi9993]
michael Offline
TOTAL NEWBIE


Registered: 01/28/02
Posts: 11305
Loc: western ny state
icould never figure it out some codes are common and universal and some are hard to impossible to figure out

i got a friend who has been doing a small town coinshop for all his life and he is into his 60's and hecan instantly figure out most all dealer price codes

personally myself i would not concern myself as you never know even if you figure out the coin code what the dealer paid

and who reallycares??

just figure out what YOU WANT TO PAy AND IF THE PRICE THE DEALER QUOTES YOU IS THESAME OR LESS THEN BUY IT!!
_________________________
Posts are based on experience and are opinion only. Experiences and opinions of others may differ. Stay thirsty my friends.

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#3115366 - 04/23/09 11:46 AM Re: Coin Dealer Price codes?? [Re: michael]
gigi9993 Offline
Just got here


Registered: 04/23/09
Posts: 5
I was intersted in the price codes so I could develop my own on a similar basis as the dealers. This way when I go to sell (or hide the details from my wife) I know who I purchased it from and what I paid. Can anyone give me an example of what the code might mean? Many thanks again!

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#3115375 - 04/23/09 11:48 AM Re: Coin Dealer Price codes?? [Re: gigi9993]
Schatzy Offline
FACT if I stop posting, trillions and trillions of transistors would be out of work.


Registered: 05/04/07
Posts: 4440
It easy.....just use excel and make a price list!!

example
$1 AZ
$2 AX
$3 AW
$4 AS
$5 AT

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#3115383 - 04/23/09 11:55 AM Re: Coin Dealer Price codes?? [Re: gigi9993]
DNADave Offline
Learning the Ropes


Registered: 04/12/09
Posts: 29
I think a lot of folks use their name and give each letter of thier name a number.

For example.

M i c h a e l
1 2 3 4 5 6 7 etc.

so a $125 coin is MIA

Others use symbols that are harder to figure out.



I love the "who really cares" comment. There are so many High and Mighty people around here. The only thing that matters is what matters to them.

Your question is a fine one and this IS a discussion board. There are mutiple viewpoints with rudeness being commonplace.


Dave

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#3115477 - 04/23/09 12:50 PM Re: Coin Dealer Price codes?? [Re: gigi9993]
James_EarlyUS Offline
TOTAL NEWBIE


Registered: 09/12/03
Posts: 15339
Loc: St. Louis, MO
The most common is to pick a name or phrase of ten letters and align it with numbers, then print that on the holder. For example, if my name were JAMES BROWN, then I would be coded as:

J 1
A 2
M 3
E 4
S 5
B 6
R 7
O 8
W 9
N 0

So, to code a cost of $125, the code would be "JAS".

Now the problem is that it's too easy to crack such a code, so you can introduce extra bogus letters, such as WXYZ that are simply removed when decoding. Then, my price could be coded as ZJAWZS".

This is probably where most dealers end up.

Finally, for the really paranoid, you can add secret "enhancements" , such as:

- underline a digit to mean it is repeated
- two consecutive non-valued digits mean the actual cost is 1/10 of the coded number
- any numerics are subtracted from the previous letter code
- print the letter upside down to double it

etc.




_________________________
Proud EX-50% owner of the banned PCGS-certified Norweb/non-Norweb Wood Hibernia

My posts express my PERSONAL opinions ONLY. Please respect my right to Freedom of Speech as I respect yours.

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#3115674 - 04/23/09 02:06 PM Re: Coin Dealer Price codes?? [Re: James_EarlyUS]
L1ncolnF4n Offline
The Post-man always rings twice. Uhm... ring ring?


Registered: 02/22/09
Posts: 1699
Loc: Los Angeles
The most interesting system I ever saw involved Roman Numerals and alphanumeric combination. Just when I thought I'd figured it out, I found something that totally threw me off.
_________________________
Jeff Lubinski of SBG

Unless otherwise stated, my opinions are my own and are subject to change at any time due to new information.

Looking into the coin is more important than looking at the coin -D.S.


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#3115895 - 04/23/09 03:59 PM Re: Coin Dealer Price codes?? [Re: L1ncolnF4n]
gigi9993 Offline
Just got here


Registered: 04/23/09
Posts: 5
Thank you all so very much for your comments. I think I have a good starting point on dealer price codes.......

Now I have another question that has puzzled me since I started collecting again a few years ago.

This is my question: Where do WHOLESALE Dealers at major shows get their coins from. I hate to mention names but Coleman Foster and Ace Coins are ones that come to mind. It seems they have a network of high end dealers that dump their lower value coins or "Good Deals" to them. I am PERPLEXED??????

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#3115965 - 04/23/09 04:31 PM Re: Coin Dealer Price codes?? [Re: michael]
thebeav Offline
Up 20 words per minute since I signed up


Registered: 02/19/04
Posts: 1002
 Originally Posted By: michael
and who reallycares??


My feeling exactly.
If you have a coin that I need, I don't care if your grandma gave it to you, you found it in the couch, or you paid three times bid.....If I can live with the price you quote, I'll buy it.
Why should it matter to me if your making 5 thousand dollars, or losing 3 hundred dollars.

Paul
_________________________
My eBay Coin Store

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