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Gold for Silver
dmwest
Posts: 959 ✭✭✭✭
Having a tough time in BST trading a AU50 Gold 1850-C for cash or equal trade in Morgans. Is that typical? I feel like I'm being reasonable, but I am new, so maybe my expectations are too high.....
Don't quote me on that.
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MOST (read almost ALL) people THINK silver is a better bet than gold.
Most people also thought the world was flat at one time.
GSR is about 71 for one thing. Finding someone who wants YOUR gold coin and has the Morgans to trade could be tough seeing as the exposure here is somewhat limited. Also agreeing on a trade value for each could be tricky.
I will also add that being a newer member you will most likely have to ship first or supply some references.
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I have a 670 ebay Feedback with 100% positive - does that hold any weight here?
Don't quote me on that.
absolutely, if you were selling it on eBay. I'm not saying your not trust worthy, just giving you the advice you asked for as to possible reasons for the lack of interest.
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No, I understand being new here would cause initial caution when dealing with me, but I was wondering if folks would feel more at ease since I have a long eBay history....I didn't know if that was a reference people would trust here is all....
Dean
Don't quote me on that.
You might have better luck putting what you are hoping to get in trade value out of it and not just PCGS price guide. Also would help if you listed what you were looking for (cull Morgans, slabbed common date, slab scare date, unc or circ).
It's not that your expectations are too high. Rather, it is more likely that you aren't performing to the level generally expected of a seller.
I think you are going about attempting to move this coin with the wrong strategy. Your first BST post leaves out important information from the title (PCGS AU50) and you list the PCGS price guide value with "PM me with an offer". The images are also along the "eh" side of the scale. Those types of threads generally die a painful, lingering death. Your second thread lists the PCGS certified grade, but does not include any images and specifies a trade for a comparable value in better date Morgan dollars. That is a very specific request and you can't expect others to realize you have posted images in another thread.
In my opinion, if you really want to sell the coin then list it with decent images, good information and a sales price that is reasonable. Alternatively, if you would like to turn the coin into better date Morgan dollars then it might be best to do the sale as I just described and buy the coins you truly want.
The PCGS BST works exceptionally well if folks communicate and put forth some effort into their BST threads. If you can't do those things as a seller then it doesn't inspire confidence in potential buyers.
In honor of the memory of Cpl. Michael E. Thompson
You could try a trade with Heritage or a similar dealer who routinely deals in both items. They've have no problem getting you the silver dollars in any grades you want. All you have to do is determine the value of the 1850-c. The value of the Morgans is simple to figure out on any given day. You also might find some people who want to make money on both their Morgans and the 1850-C....rather than say a single transaction at say 85%-90% net. You could also auction the coin at Heritage and stipulate you get paid in X number of Morgans based on prevailing market prices. If you're trying to do this as a IRS "like kind exchange" to roll profits forward, ensure your accountant agrees that you meet all requirements.
Thank you all for the constructive feedback. I did just sell the 1850-C on eBay, something I'm way more familiar with even with the added costs.
Don't quote me on that.
@dmwest
Don't be a stranger, keep posting here
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Bad transactions with : nobody to date