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Finders fee? How much?
Is there a formula for figuring a finders fee? I'm looking at a collection (hoard?) that is going to WELL above anything I could buy outright.
It is a large amount of 90% silver, several bags of silver dollars and a small amount of gold(mostly Liberties but there is a few Indians and two Saints)
So the margins won't be high but the volume will.
Any input will be appreciated!
It is a large amount of 90% silver, several bags of silver dollars and a small amount of gold(mostly Liberties but there is a few Indians and two Saints)
So the margins won't be high but the volume will.
Any input will be appreciated!
0
Comments
<< <i>5% - 15% >>
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
15% max.
Everybody have a good weekend!!
Eric
<< <i>1% to 10% since it isn't alwys th e% sometimes it is the dollar amount. >>
Realone, So did you give the guy who spent 8 months aiding you in securing a coin 1%, 1.1%, 1.2%, etc.
<< <i>
<< <i>5% - 15% >>
that sounds about right
<< <i>
<< <i>
<< <i>1% to 10% since it isn't alwys th e% sometimes it is the dollar amount. >>
Realone, So did you give the guy who spent 8 months aiding you in securing a coin 1%, 1.1%, 1.2%, etc.
I paid $1000 extra on a $3000 coin if you have to know......you figure the %, but in this case it wasn't just a finder's fee. Now that you know will you leave me alone about the deal. >>
Are there any other $3,000 coins you need (I'm setup to accept $1,000 PayPal gifts!)?
<< <i>10% is usually standard. >>
Not for Proof morgans it isn't
The Finder's fee depends totally on the profit margin.
Maybe up to 10% if the guy actually did any work in tracking down this little horde.
60 years into this hobby and I'm still working on my Lincoln set!
value for them. But bullionesque coins are a fairly tight and well publicized market. You can figure out exactly what you can get for them within about an hour on-line.
This looks to be approx $100K. I'd be happy to do the work and make $2K-5K. And the only real work is picking up the phone and soliciting a few of the nation's leading buyers.
Then packaging up the coins in <75 lb. boxes then ship out. REG insurance should run <$300. Spreads are tight and well known on this stuff. It's not like trying to find homes
for illiquid material or gem MS/PF type coins. I know some dealers in my area (no shops) that would be happy to turn this deal for $5K or less. The stuff would be committed
within a few hours and sent out within 24 hrs. The sharp dealer can get a few more grand for this material than J6P probably could, and that's their fair profit. But J6P could
probably call around and get within 5% of fair value and make out essentially the same with or w/o a middleman....at least on this type of material.
roadrunner
<< <i>
<< <i>10% is usually standard. >>
Not for Proof morgans it isn't
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......