Home U.S. Coin Forum

Need help from some dealers Please!

bsshog40bsshog40 Posts: 3,689 ✭✭✭✭✭

I'm thinking of taking some of my collection to a local B&M. They have good reviews of being honest and fair. Just wondering what kind of percentage should I anticipate from market values to selling to a shop? I'm fully aware that they have to make money also, just wanna know what I might have to accept as fair. Any advice or help is appreciated!


  • shorecollshorecoll Posts: 5,445 ✭✭✭✭✭

    It will help if you give some examples of types of items. Stuff they have to sit on they will knock down, if it would sell tomorrow could be 75% of value or more.

  • bsshog40bsshog40 Posts: 3,689 ✭✭✭✭✭

    I'm thinking of starting with my SAE's. Dansco of BU eagles 86-2020. Plus my proof eagles in ogp. 2000-2020. I have a few slabbed eagles but I can figure those out.

  • jesbrokenjesbroken Posts: 8,707 ✭✭✭✭✭

    Being an East Texas boy, maybe some dealers on the forum could recommend a dealer near you that would benefit your type collection, Bobby. Best of luck.

    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.
  • MasonGMasonG Posts: 6,268 ✭✭✭✭✭

    @bsshog40 said:
    Just wondering what kind of percentage should I anticipate from market values to selling to a shop?

    It'll probably depend on what they intend to do with them. If they'll sell to retail buyers, they can offer more than if they wholesale to another dealer.

  • bsshog40bsshog40 Posts: 3,689 ✭✭✭✭✭

    I can see where there would be different scenarios to selling. I have other stuff but not wanting to go real deep in my collection right now.

  • PerryHallPerryHall Posts: 44,839 ✭✭✭✭✭

    You would do better selling ASEs on the BST Forum.

    Worry is the interest you pay on a debt you may not owe.

  • Herb_THerb_T Posts: 1,521 ✭✭✭✭✭
    edited April 10, 2022 11:55AM

    @PerryHall said:
    You would do better selling ASEs on the BST Forum.

    Yup…..look on eBay to see what they are selling for, then figure 50% off …or even 60% off…..

  • numismanumisma Posts: 3,877 ✭✭✭✭

    @bsshog40 We do this all day, six days per week. It is good that you are asking questions. The first thing that we always do during the initial call is to recommend that the customer obtain at least 3 or 4 local bids for the same items. Just take a nice sampling to each place, as opposed to everything. That will backfire on you.

    It is wise that you are compartmentalizing your collection. I often suggest this as a strategy. It makes it easier for an apples-to-apples comparison of offers.

    Let's talk dollars and cents. You mentioned 2000 to 2020 Proof ASEs. There aren't any special dates (i.e. 1994) in that range, so I would treat them all as common if you offered to us. That being said, I know that I can get $80 on the wholesale market for a quantity of 20 proof ASEs. As such, I would offer you $60 per coin.

    Regarding the certified ASEs, I check each one in specific terms regarding recent sales. For example, if a you offered me a such-and-such Silver Eagle with a Chilean Sea Bass privy mark, signed by Mercanti & Eckfeldt and in PCGS MS70 holder, I would check recent eBay sales. If the consensus is that they are selling for $200, I would offer $120. Figure 20% eBay fees and free shipping, and you are down to $150 or so. Then time, labor, returns, whatever. $120 is a fair price, but most will offer you $100. Take it, unless you have your own eBay account, and the time to sell online.

    As for your album of Silver Eagles, you should expect a premium on the few key dates. The good news is that generic Silver Eagle premiums are crazy right now. We are paying +5 per ounce on common dates in BU condition (much more for quantity). We can get around $8 over spot right now on the dealer market for Uncirculated Silver Eagles.

  • DelawareDoonsDelawareDoons Posts: 3,076 ✭✭✭✭✭

    I offer the option to pass through to wholesalers for a 3% rake, payment made when the wholesaler pays me. $3000 minimum order, I can usually help get you there with stuff I have laying around if its just a few hundred bucks difference.

    Works pretty well for everybody. Clients get paid more than they would otherwise, it's easy as heck for them, and I make ~$90 minimum for tossing some stuff in a box and printing off a form, then shooting you a payment once they pay me.

    I don't lock the wholesale orders until I have the material in hand, so there is sometimes some fluctuation between when the groundwork is laid and when the order is locked, but it's usually not much difference at all, especially these days with premiums kinda going nuts.

    Just to lay out some hypotheticals based on current bids; 40 ASE = $33.99 ea bid right now. $1359.60 there.

    22 Proof ASE, assuming with box and card, $83.50 ea. $1837 for those.

    Subtotal of $3196.60.

    Less my 3% rake; $3100.70.

    Probably would cost about $30 to ship them insured to the wholesaler, that comes out of the clients end.

    $3,070.70 net to client.

    I'll do this for anything I have access to a bid on, that I have worked with before and trust.

    Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file