Trade in?

1Mike1

Are there dealers who accept trade ins when you decide to upgrade? For me it would be easier to trade my old coin in rather than being bothered trying to move it on eBay

CoinRaritiesOnline

I do, and I suspect many, many others do too.

Shamika

Most all dealers will accept trade-ins. The issue is how much they'll give you. Some will give you a nice trade-in allowance while others not so much.

Greeniejr

I find it quite shocking that there are dealers who don't. I have a few clients who were shocked when I told them I would take their dupes in trade. If the coin is not good we just blow it off wholesale. If the coin is nice we gladly sell it. There are times when we get a chain of 3-4 coins going because we have collectors at every level of the hobby. We have a client who is a major registry player who has us sell most of his upgrades even when he doesn't upgrade through us.

TomB

Like John, I also accept trades and suspect that a great many other dealers will do so, also. However, if the material to trade is not something that the dealer typically carries you may end up with a lower trade-in credit.

njcoincrank

I do. In fact I would say it happens more than people think.

njcc

crypto79

While most do they are not oblivious to the fact they are giving up a better something for a worse something when you are upgrading, trading choice stuff to help pay is completely different. Most dealers will apply their margin on the trade side and the buy side of the transaction which makes you end up paying much more for the transaction. What I normally do is solicit an offer from the dealer but end up paying for it outright and then rounding up the offer a little to cover shipping and moving it on the BST to a collector instead of a dealer unless the offer was in line with my initial expectations and anticipated %s. I find the quality of the coin I am offering has more to do with the strength of the offer than any specific dealer formula but it is still fun to pass on coins at decent prices directly to collectors and I find they move quickly at that level.

NewEnglandRarities

In almost all cases, I will certainly take a trade in towards an upgrade or new coin.

lordmarcovan

<< <i>Most all dealers will accept trade-ins. The issue is how much they'll give you. Some will give you a nice trade-in allowance while others not so much. >>



This.

Except I'd change the word "most" to "many".

CoinZip

I accept trade ins.....

illini420

I love trade-ins, particularly when I sold the coin to the client in the first place. If I liked the coin enough to buy it and sell it once, I'm pretty confident that I'll like doing so again. I sometimes get down when I find out people later resell their coins I have sold them without giving me the heads up as in many of those cases I would have paid more for the coins because I knew the coins... and sometimes I get a little attached to the really pretty ones

Justacommeman

I hazard to guess it's been probably win/win on all my trade ins..................MJ

jdimmick

If Nice I would think that most would, I know I would. You can make a little more on the deal as a whole by selling the trade in a for a profit.


I know for my personal collection, two coins that I upgraded , the dealer would not sell me the new coin unless I offered him the other in trade;

1) was my 16-d Merc in PCGS64FBCAC , had to trade in my 16-d in PCGS 58 or no deal. (This was a hard call, because I had too break a deal with a really close friend of mine who wanted the 58 if I ever sold it) I explained to him how bad I wanted the 64fb, so he let me off the hook. He knew how nice the new coin was, wanted it years ago but couldn't afford it. The nicest 64fb 16-d dime on planet earth.

2) This was when I collected the previous time, the 01-s quarter In PCGS Fine, had to trade the dealer my VG8 to make the deal, would not let me buy it direct. I actually still own this one again this time around, because I was able to buy it back from the guy I sold it too 7 years prior. (thanks Vern)

In all fairness, in both situtations, the dealers made fair offers for the coins in trade! (or I wouldnt have done it) except maybe the 16-d.



Matter of fact today, I bought back a coin from one of my customers who decided to sell it after owning it about 2 yrs. was glad to buy it back.

stman

I don't think I've done a trade before. But if I did, and the coin I was trading back to the dealer I bought it from for a different one........ I'd want the dealers trade offer before I send the coin. And now as of late, if I'm selling a coin back to a dealer I'd want their offer first. No more send the coin for their offer if I bought it from them in the first place.

Edit, just thought about it and I have indeed traded a coin in before.

PonyExpress8

Happens regularly and I am always glad to try and work on a trade if that is what the customer wishes.

RYK

I have found that I generally do better selling the trade material on my own than working a trade. As a result, I have gotten away with working trades with dealers. Perhaps I should revisit trading.

MidLifeCrisis

<< <i>I hazard to guess it's been probably win/win on all my trade ins..................MJ >>


Me too.

DeliaBug

<< <i>In almost all cases, I will certainly take a trade in towards an upgrade or new coin. >>



I can vouch for this. And very fairly.

WTCG

Most of the time I will consider taking in trades but I have turned down some trade material when the coins are too unattractive or too unpopular.

Elcontador

If a dealer can move your coin quickly and it is attractive, a trade may make sense. Otherwise, you're better off selling it on your own.

I try to avoid upgrades, because almost time you buy or sell a coin, you're leaving anywhere from 10% plus on the table. Do the math. You buy coin #1, you trade coin #1, and get coin #2. That's three trades at 10% plus each. It can burn a hole in your wallet.

coinbuf

It would be my guess that this only works well for the person trading in if:
1) you have a working relationship with the dealer, not required but I'm sure it would help
2) your trade-in is a better date, key date, high demand item

I have tried this three times, in all three tries the items I attmpted to trade were(imo) very nice correctly graded coins, one a top pop coin. One time worked well, in that case I traded a 55/55 Lincoln and cash for a tough mid 20's S Lincoln, and in the other two cases I did not get what I thought was a fair offer. In the one case it worked I had not bought or sold anything with that dealer prior, in the other two cases I had prior dealings with one of the sellers but not the other.