Finders fee? How much?

Mission16

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!

Shamika

5% - 15%

llafoe

<< <i>5% - 15% >>



10%

AnkurJ

10% is usually standard.

TheCoinGeezer

10% tops

Unknown

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magikbilly

10%
15% max.

Everybody have a good weekend!!

Eric

Broadstruck

<< <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.

johnny9434

<< <i>

<< <i>5% - 15% >>



10% >>



that sounds about right

Unknown

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llafoe

<< <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!)?

crypto79

<< <i>10% is usually standard. >>



Not for Proof morgans it isn't

Amigo

The Finder's fee depends totally on the profit margin.

Unknown

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droopyd

5% would be fair for a large lot of what is essentially bulk bullion.

Maybe up to 10% if the guy actually did any work in tracking down this little horde.

Greeniejr

It all depends on how much the person you will ultimately sell it to is going to make. If it is mostly bullion related and the dealer won't make more than a few percent. When we negotiate a deal like this, we ask the finder what they want to make and see if we can make it work. Typically a fixed dollar amount is easier on a bullion deal because margins are so small. It is further complicated if you have told the person what full on wholesale is. The dealer is not going to want to bear 100% of the finders fee and will likely deduct a portion of what he has to pay out of the purchase price. All bets are off when it comes to non-bullion items.

LindeDad

I have offered double price guide and still not gotten a couple of items I have wanted.

roadrunner

Sounds mostly like a bullion deal. 5% sounds reasonable for a full days work (8 hrs). 10-15% might work for coins that take a lot of time to research prices and get full
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

Mission16

RoadRunner is right, I believe. It seems like a mostly bullion lot. The dollars seem interesting because the 2 boxes I have now are most AU-BU 1890's. I am meeting with the owner tomorrow at my bank to see what all they have.

Justacommeman

<< <i>

<< <i>10% is usually standard. >>



Not for Proof morgans it isn't >>