Do Dealers view VF35 as simply VF...?

OneCent · January 31, 2009 2:47PM

I always liked the grade VF-35. As a collector, it signifies to me a very PQ VF example that is a tad shy of XF.

However, when and if the time comes to sell, my concern would be that dealers simply view a VF35 as VF
and pay as such. I guess the same could be said for XF-45 as well...

What has your experience been?

DennisH · January 31, 2009 2:52PM

My experience has been that when they sell A VF35 they want almost XF40 money, and when they buy a VF35 they offer almost VF20 money.

howards · January 31, 2009 2:52PM

VF35 is EF when dealers sell, F when they buy.

pcgs69 · January 31, 2009 3:17PM

I once tried selling a PCGS VF30 1795 DB Dollar... dealer simply looked up the "VF" bid in the greysheet and gave me an offer. He made no consideration between a VF20 or a VF30. He told me a VF is a VF.

OneCent · January 31, 2009 3:19PM

<< I once tried selling a PCGS VF30 1795 DB Dollar... dealer simply looked up the "VF" bid in the greysheet and gave me an offer. He made no consideration between a VF20 or a VF30. He told me a VF is a VF. >>

That is exactly my concern!

relicsncoins · January 31, 2009 3:19PM

<< I once tried selling a PCGS VF30 1795 DB Dollar... dealer simply looked up the "VF" bid in the greysheet and gave me an offer. He made no consideration between a VF20 or a VF30. He told me a VF is a VF. >>

You should've looked over his inventory and offered him VF20 money for all of his VF35 coins......afterall, VF is VF.

dogwood · January 31, 2009 3:34PM

Specialists will give a nice 35 a bump when buying, over 20 bid, in my experience. Some may intend to sell the raw ones as XF but that's their call.
Their isn't really much difference in detail between a solid 20+ and a 35 anyway.

ColonialCoinUnion · January 31, 2009 4:01PM

<< Do Dealers view VF35 as simply VF...? >>

You may find this shocking, but not all dealers have the same exact views on all issues.

Elcontador · January 31, 2009 4:09PM

Depends. If it's a scarce weakly struck S Mint Buff from the 20s (like a 21 S or 24 S), the coin has a full horn, or it brings F money regardless of the slab, unless the buyer is a pendejo.

CoinJunkie · January 31, 2009 4:29PM

<< You may find this shocking, but not all dealers have the same exact views on all issues. >>

291fifth · January 31, 2009 4:31PM

Most dealers will try and get close to XF 40 money when selling but will pay only VF20 money when buying. An undesirable grade for that reason.

CoinJunkie · January 31, 2009 4:38PM

<< Most dealers will try and get close to XF 40 money when selling but will pay only VF20 money when buying. An undesirable grade for that reason. >>

Well, I hereby announce that I will pay 25 money for any 35 coin. Where else you gonna get
a deal like dat?

greghansen · January 31, 2009 5:30PM

Their isn't really much difference in detail between a solid 20+ and a 35 anyway.

This generalaization certainly is not true in my series. There are 3 grading increments in between and on better date coins, each increment is significant money. I don't know how dealers view it, but I certainly pay a premium for a coin I believe will go in a 35 as opposed to a 20 or 25 slab.

PerryHall · January 31, 2009 9:03PM

<< My experience has been that when they sell A VF35 they want almost XF40 money, and when they buy a VF35 they offer almost VF20 money.

>>

coinkat · January 31, 2009 9:25PM

bottom line is one must have the right coin with the right look and know where to go to sell it. Most dealers should be avoided as folks to sell to... sorry, but that is the way it is

ozzyfan269 · January 31, 2009 11:15PM

<< bottom line is one must have the right coin with the right look and know where to go to sell it. Most dealers should be avoided as folks to sell to... sorry, but that is the way it is >>

Agreed. In almost every case, a dealer will try to rip you! Better to put your stuff up on eBay, Teletrade or even BST!

TomB · January 31, 2009 11:18PM

It depends on the coin, the dealer and the eye appeal, but that was likely all very obvious. Personally, for coins within my buying and selling niche, I have always thought VF35 pieces could provide tremendous value.

RYK · January 31, 2009 11:25PM

My experience has been that VF-35 coins are bought and sold close to EF-40 levels.

jdimmick · January 31, 2009 11:42PM

Several of the comments are what actually happens in the real world quite often by many dealers, when selling VF-35's go on the upward end or xf money, yet when buying they buy based on Vf-20 at best. However, not all dealers work that way as CCU stated, in fact I many times have paid much stronger than VF money for coins that were clearly on the upper end VF scale than a 20 or so. It really depends on the coins in question. Recently I had a guy come in with two nice original seated dollars, both were upper end VF's but just not quite 40's. I actually paid him XF bid for both and was glad to get em. Holdered them, and sold them both for a decent profit, he was happy and so was I.

Jim

ColonialCoinUnion · January 31, 2009 11:53PM

VF35 is a common enough grade in the colonial and early type world in which we specialize, and we buy and sell many of them.

I would add that we often see a very considerable difference between a 20 and a 35 coin, and our buy and sell prices reflect same.

MORGANHUNTER2 · February 1, 2009 12:14AM

<< 

<< Do Dealers view VF35 as simply VF...? >>

You may find this shocking, but not all dealers have the same exact views on all issues. >>

Really!

Seems to me, that dealers will cut your nuts when you are selling coins to them-they don't care, but they sure do talk UP a piece when they are selling, suddenly the coin in their case is much better than the grade they have placed o it.

And one more thing- why do you dealers need to bounce back n forth from grey sheet to blue sheet on graded coins?

If gey sez $xx dollar, but all of a sudden blue sheet is 25% below the grey- you offer blue? WTF is up with that crap?

Get rid of the Blue- that is DEALER TO DEALER PRICING, not COLLECTOR TO DEALER pricing.

Play your silly ass game with folks that have no clue what the sheets are- they will eventually figure out that all your doing is chisling them out of dad's collection.

I watched this happen yesterday- and after the couple left- I told the 'dealer' he was a POS, and left his store.

Some and a good majority of dealers suck...

ColonialCoinUnion · February 1, 2009 12:17AM

<< Some and a good majority of dealers suck... >>

What line of work are you in?

CoinJunkie · February 1, 2009 1:28AM

<< 

<< Some and a good majority of dealers suck... >>

What line of work are you in? >>

Consumer advocacy?

MORGANHUNTER2 · February 1, 2009 1:32AM

<< 

<< Some and a good majority of dealers suck... >>

What line of work are you in? >>

I'm a Construction Safety Engineer/Manager, and for the most part I don't mince my words with folks, but do look at life as hopefully being honest- I don't need to cheat people- in my line of work- cutting corners will get someone dead. I'm not saying ALL dealers, but lately there seems to be a 'thing' going on and I don't like a thief or a scam artist. It's my perception of what I see and when it happens.

doh · February 1, 2009 1:33AM

VF35 is hands down one of the worst grades, if not THE worst grade in numismatics. It's not an XF, but it's not a VF either. You get screwed when you buy one and screwed when you sell one.

jsf · February 1, 2009 1:35AM

dayum, morganhunter is sounding like someone I know.

really collectors, stop and think about what you are doing, look at what is going on around you in this hobby/business.

PutTogether · February 1, 2009 1:43AM

<< 

<< 

<< Do Dealers view VF35 as simply VF...? >>

You may find this shocking, but not all dealers have the same exact views on all issues. >>

Really!

Seems to me, that dealers will cut your nuts when you are selling coins to them-they don't care, but they sure do talk UP a piece when they are selling, suddenly the coin in their case is much better than the grade they have placed o it.

And one more thing- why do you dealers need to bounce back n forth from grey sheet to blue sheet on graded coins?

If gey sez $xx dollar, but all of a sudden blue sheet is 25% below the grey- you offer blue? WTF is up with that crap?

Get rid of the Blue- that is DEALER TO DEALER PRICING, not COLLECTOR TO DEALER pricing.

Play your silly ass game with folks that have no clue what the sheets are- they will eventually figure out that all your doing is chisling them out of dad's collection.

I watched this happen yesterday- and after the couple left- I told the 'dealer' he was a POS, and left his store.

Some and a good majority of dealers suck... >>

This is just a question; don't get mad.

You don't go into too much detail, but the transaction you watched yesterday with a dealer and a couple was bad enough for you to call someone a POS to their face? If it was that bad, why did you wait for the couple to leave? Why not inform them he was such a POS? Granted, when I am in the presence of two people negotiating I keep my mouth shut. I imagine though, that if I was witnessing something bad enough to make me call someone a POS to their face and then walk away in disgust, that I would have to step in. I mean, that is BAD. That is like 89 CC for spot bad.

MORGANHUNTER2 · February 1, 2009 2:03AM

<< 

<< 

<< 

<< Do Dealers view VF35 as simply VF...? >>

You may find this shocking, but not all dealers have the same exact views on all issues. >>

Really!

Seems to me, that dealers will cut your nuts when you are selling coins to them-they don't care, but they sure do talk UP a piece when they are selling, suddenly the coin in their case is much better than the grade they have placed o it.

And one more thing- why do you dealers need to bounce back n forth from grey sheet to blue sheet on graded coins?

If gey sez $xx dollar, but all of a sudden blue sheet is 25% below the grey- you offer blue? WTF is up with that crap?

Get rid of the Blue- that is DEALER TO DEALER PRICING, not COLLECTOR TO DEALER pricing.

Play your silly ass game with folks that have no clue what the sheets are- they will eventually figure out that all your doing is chisling them out of dad's collection.

I watched this happen yesterday- and after the couple left- I told the 'dealer' he was a POS, and left his store.

Some and a good majority of dealers suck... >>

This is just a question; don't get mad.

You don't go into too much detail, but the transaction you watched yesterday with a dealer and a couple was bad enough for you to call someone a POS to their face? If it was that bad, why did you wait for the couple to leave? Why not inform them he was such a POS? Granted, when I am in the presence of two people negotiating I keep my mouth shut. I imagine though, that if I was witnessing something bad enough to make me call someone a POS to their face and then walk away in disgust, that I would have to step in. I mean, that is BAD. That is like 89 CC for spot bad. >>

I had been there maybe 5 minutes max, I was looking for a gift for a friend, had it picked out, was waiting, maybe I should have said something, my mistake for not, but I felt compelled to let this guy know what I thought- maybe someday he will need something and he will be on the receiving end of how it feels to be screwed. I tried to find the couple afterwards but they were gone. I won't visit his place again, nor will I mention it here.

All I'm saying- dealers be fair to the person on the other side of the counter- no need to rip em off.

yellowjacket · February 1, 2009 2:39AM

Regarding Buffalo Nickels, there is a light-year's difference between VF35 and XF40. I have a well-struck, no-problem 1935 DDR Buffalo in a PCGS 35 holder. Price guide is $450. The tippy-tip of the horn is indistinguishable, therefore the grade. A full-horn XF40 and it's a price-guide $700 coin.

It's almost like the AU58 vs. MS62 debate.
Garrow

Do Dealers view VF35 as simply VF...?

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