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Does your local dealer pay a premium for anything?

291fifth291fifth Posts: 24,709 ✭✭✭✭✭
in U.S. Coin Forum
Let's say you walk into your local dealer with an incredible toner. You ask for a significant, but fair, premium over "sheet."

Will your local dealer pay the premium or laugh you out the front door?

How about a true PQ coin. Will he pay any premium for that?

How about a rare, published variety...any premium over the common date price?

How about properly graded coins in PCGS holders...any premium?



All glory is fleeting.

Comments

  • BarndogBarndog Posts: 20,515 ✭✭✭✭✭
    the only premium the local guy pays for is plastic. Really. One can work it to an advantage, obviously.
    JR Newsletter Online Edition
  • PerryHallPerryHall Posts: 46,881 ✭✭✭✭✭
    Most dealers look at the label and then go to the blue or grey sheet. They then subtract 10 to 20 percent from the sheet value.



    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • JulianJulian Posts: 3,370 ✭✭✭
    Dealers, in general, will pay a premium for something that they have on a want list, is an acknowledged rare variety that they are able to market, or something that really attracts them.

    Other than that, many will not pay any premium for something that is speculatively worth a premium, because they may not have a market for the same.

    Specialist dealers will pay a premium for something that they have good markets for, but local dealers normally do not have these same markets.
    PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
    I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.

    eBaystore
  • CoinHuskerCoinHusker Posts: 5,033 ✭✭✭
    "Does your local dealer pay a premium for anything?"

    image
    Collecting coins, medals and currency featuring "The Sower"
  • twodrhrdtptwodrhrdtp Posts: 1,025
    I get the usual blue sheet - 10%
  • keetskeets Posts: 25,351 ✭✭✭✭✭
    yes, nice coins.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,621 ✭✭✭✭✭


    << <i>"Does your local dealer pay a premium for anything?"
    image >>



    He offered me twenty bucks for my aunt's handicap sticker so he could park closer when he goes shopping. Does that count ?

    ``https://ebay.us/m/KxolR5

  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    There are some coins that my local dealer does - he's a realist, from Brooklyn.

    He says "Tro da sheet away on dat one!".

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    My local dealer would only pay a premium if I thought it was a 65 and he thought is was a lock 67. He'd then pay me premium 65 money for it.

    He could care less about toners as everything he sels is a bright white gem!

    I'm not dissing this guy but he is in the business to make money and not necessarily augment his personal collection. If he were doing that, then I'd be behind the counter asking premium money. image
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • jdimmickjdimmick Posts: 9,783 ✭✭✭✭✭
    I myself:

    Toners: No
    True PQ coin if better date/type : Yes if common date/ type: NO
    Variety /Rarity :Yes
    PCGS holder: No, a nice PCGS-58, or upper end of the grade like say Vf-35, Xf-45 yes

    The other two dealers in town:
    No to all,

    except one actually likes toners, and may if he liked it?

  • BlackhawkBlackhawk Posts: 3,899 ✭✭✭
    I've had some offer a little better money for exceptional coins, but for the most part the offers are not what I'd expect for the coins. Still, if a dealer sells below trends he's got to make some money somewhere. The one that gets to me is a guy that I occasionally do business with who knows that he is going to buy for the price you ask because he's got a buyer already lined up at a decent profit, but whines like a little kid about how much prices have gone up for him. Several times I've come close to telling the guy to grow a set and shut up.
    "Have a nice day!"
  • fcloudfcloud Posts: 12,133 ✭✭✭✭
    Not where I'm from. Buy low -- Sell high is their motto.

    President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay

  • TahoeDaleTahoeDale Posts: 1,785 ✭✭✭
    Julian's comments are right on.

    And if the premium you think the coin deserves is more than the dealer will pay( outright purchase), then I might memo the coin for a reasonable amount of time, if the dealer believes the coin will sell.

    Another alternative. Find the right dealer/specialist in another forum. You are not relegated to only the local dealer.

    TahoeDale
  • BECOKABECOKA Posts: 16,961 ✭✭✭
    I have gotten more than fair money from a couple of big dealers. Often times extra for superb eye appeal. Enough so that I only deal with a couple of dealers.
  • icsoccericsoccer Posts: 1,339 ✭✭✭
    No, but he will buy anything $ to $$$$$$, he is fair but very conservatve.
    Successful BST transactions to date: Coindeuce, Cohodk, dantheman984, STONE, LeeG, jy8s, jkal, SeaEagleCoins, Hyperion, silverman68,Meltdown,RichieURich,savoyspecial,Barndog

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