Collection, how to buy?

logger7

A family contacted a fellow who sets up at a lot of shows, sells memorabilia together with some coins. He rarely gets such contacts so turned it over to a larger dealer. How would you buy a collection such as this, a certain percentage behind Greysheet?

MFeld

I’d research each coin and based primarily upon auction archives and CDN, estimate what I could reasonably expect to get for each one. I’d then offer a percentage of that amount - in this case, probably approximately 85% to 90%.

hummingbird_coins

Buying sight unseen, the dealer is?

logger7

I don't know who Joe contacted to try to have him work out a deal with the customer, I'm not seeing any rare coins here just easy to sell ones, maybe around $6-$7k.

NeophyteNumismatist

1 - create a valuation based on Greysheet and auction results.
2 - ask the seller what they want for it (it may be less than my valuation)
3 - counter with my valuation and explain rationale to see if we can come to a deal
4 - Pay or walk away

blitzdude

I'd be interested in the Au of course. Nothing else. How to buy? Cash is usually king. RGDS!

Cougar1978

I would first make a spreadsheet listing the items. Then a column for CDN Bid, then a column for my offer for each (pct of bid) is which would be based on my opinion of it. A,B,C. Then of course column totals, etc. Where CDN bid not avail other sources can be researched arrive at projected sell value. Then offer pct of that.

. Friends might be brought in as partners who would make their own offer Calc of what they want. We would arrive at bottom line total offer to the client. From there it may become a negotiation.

Every situation different. One nothing but junk or junk silver. Perhaps the good stuff sold by original owner before his death.

jmlanzaf

10% back of grey is fairly standard, unless you want to do a lot of research.

hummingbird_coins

An iconic duo.