Wholesale versus retail pricing evaluations… is there a basic percentage?
Aspie_Rocco
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Is there a basic percentage for wholesale purchases?
If a group of coins was valued at approximately $14,000 retail, how much might a wholesale offer be?
The material in question would be only pcgs graded coins of mixed denominations.
What about a group of PCGS and green CAC sticker coins valued at pcgs list around $10,000, what might a wholesale offer be?
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What the market will bear.
No, there’s not a “basic percentage” because in most cases, different buyers will have different buy prices. And depending on the coins and the buyers, the differences can be significant.
In addition to that, the so-called retail pricing isn’t necessarily firmly established or consistent.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The short answer is “No”. But I do think it’s fair to say that most slabbed US coins can be sold to competitive dealers at somewhere between 85-95% of what they could be expected to bring at auction.
Doggedly collecting coins of the Central American Republic.
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Do you think it fair to offer 30% less than what it would typically sell for on eBay or great collections, if buying as a mixed lot all at once?
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But many of those “competitive dealers” will have different expectations regarding what various coins will bring at auction. And in many cases, coins bring prices that are higher than multiple competitive dealers consider to be normal “retail”.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Would wholesale pricing have a general percentage less than retail or grey sheet for raw coins offered as a large lot of mixed denomination?
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There are still a lot of factors at play. Are the coins raw or slabbed? I assume at least some are slabbed for you to mention GC as an option. If the slabs aren't particularly big dollar coins, 30% could be a reasonable margin. For any nicer slabbed coin ($250 or so on up) maybe tweak the margin on a coin by coin basis. Anything bullion or worth melt would also have to have a significantly tighter margin.
Young Numismatist • My Toned Coins
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My answer would be the same as I posted previously (though I don’t remember having seen references to PCGS or CAC when I first read your initial post).
Sure, some replies will give you general percentage differences between “wholesale” and “retail”, but general or average percentage differences don’t necessarily have any bearing on a specific real-life transaction.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
No - it is going to vary based on the potential buyers inventory needs, (current mkt conditions) what they feel can sell it for, and what can be negotiated. Furthermore whether it’s an A, B,or C coin can influence the offer.
What do you define as retail?
You can get an idea looking at CDN Bid vs CPG. However buyers may offer a pct behind CDN bid. This is due to current market conditions and the sellers need for the item. RCI is not like the stock market. RCI is a free enterprise universe of individuals. Their offer vs bid or markup above bid can vary. What one could call the good, the bad, and the ugly (remember that song). I have offered / paid above bid for CACG single digit pop coins but in other areas may have offered / paid below bid on other situations. It’s relative imo on how much money for buying the buyer has, market outlook, and what they think can sell it for. Real life transactions - YMMV.
Thank you for the input and perspectives.
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