How much of a "transaction cost" should I expect to trade for a similar coin?

shirohniichan

I want certain dates for my transition year type set.

If I have a coin in the same grade with the same catalog value, how much should I expect it to cost me to swap a coin the date I want? Does it make any difference of the coin has numismatic value or trades at only bullion value?

robertpr

Bullion margins are thin, expect transaction costs on bullion to be very low.

Other than that, many variables come into play such as the actual value range you're working in, the date and mintmarks of the coins you're trading, whether the dealer needs the date you have to offer, the phase of the moon, liquidity and popularity of the series, blue fish, etc.

DaveG

I think that a dealer would need to make roughly the same profit margin on a trade as he would a sale, so he'd buy your "trade-in" at a price that would allow him to sell it later at a profit and would sell you the replacement coin at his regular price.

SamByrd

Depends.. If you are a regular customer and the dealer wants your trade many times they will split there margin its a win win.

ColonialCoinUnion

If it was me, and I thought your trade and my existing coin were of equal value (numismatic or otherwise), I'd take yours in trade and give you the other one and expect nothing other than for you to bask in the considerable goodwill I just created.

I think any dealer who would like to make 'roughly the same profit margin on a trade as he would a sale, so he'd buy your "trade-in" at a price that would allow him to sell it later at a profit and would sell you the replacement coin at his regular price' is being a pig.

shirohniichan

<< <i>If it was me, and I thought your trade and my existing coin were of equal value (numismatic or otherwise), I'd take yours in trade and give you the other one and expect nothing other than for you to bask in the considerable goodwill I just created.

I think any dealer who would like to make 'roughly the same profit margin on a trade as he would a sale, so he'd buy your "trade-in" at a price that would allow him to sell it later at a profit and would sell you the replacement coin at his regular price' is being a pig. >>



I'll ask at a show and see what dealers say. I think the St. Gaudens I have is a 1927 in AU, and I need a 1907 in similar condition. The PCGS Price Guide has them both pegged at the same price.

Fortunately my grandmother left me the Liberty Head 1907 so I don't have to trade for it, too.