First Coin Show Question

Etiquette - I have some items to sale as well as looking to purchase. What is the process on selling coins when you visit a show?
I have about 10 lbs of pre 1964 quarters.
I have about 50 Morgans and then some odds and ends....most of which are graded. Will the dealers use grey sheet prices to make an offer?
Don't quote me on that.
0
Comments
Ask the dealer if they are interested in buying "insert item for sale here".
Normally with bulk silver, the buy price could be "spot" minus a percentage.
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
If you don't need the money, I suggest you keep everything especially the bulk silver. If you are not interested in collecting, trade the graded coins into bulk silver or gold.
If you do need money, that is not the best time to sell something as you will be at the mercy of the dealers. What do others here think about showing one graded coin to each dealer to see how he is treated and the amount they offer?
I don't need the money, but I'd like to move the stuff I have to collect more of the coins I want. Perhaps I'll go today and just observe.
Don't quote me on that.
The world economy is in trouble. US debt is rising. Folks are buying silver and gold as a store of value. That said, I don't know how you got the stuff, if you collect, etc.
You sound like a collector. Based on that, I should still keep the bulk silver and "move" my other stuff in a series of trades as you'll possibly get more value given as a trade rather than a buy.
Remember that silver and gold are weighed by the Troy ounce of which there are 14.5833 per Avoirdupois pound.
The buyer’s calculation will be something like:
Weight in Troy ounces x 0.900 silver fineness x spot price (less a small %) = your proceeds of sale.
As far as the bulk silver.... just ask the various dealers and go with the best price. The Morgans will sell based on grade and visual appeal. Cheers, RickO
Most dealers aren't going to quote anywhere near grey sheet either. Grey sheet minus 30-40% might be more accurate, depending on the coin and grade.
You could try our BST here also.....you may very well get higher offers here - but you do need to factor in shipping and insurance, which you wouldn't have to worry about with offering your coins to dealers at a show.
I would throw the stuff up on the BST here before you lug it to a show. You'll probably get more money and the bulk silver can be shipped in flat rate box if someone buys most or all.
Right. Plus you'll have to photograph them, unless you're really just looking at melt pricing.
Lance.
I would only sell bullion to a dealer who makes a market in bullion. If there's one or two at the show, just go with the best offer.
If the offers aren't competitive, check with Apmex, Silvertowne or Scotsman. There are a few other good bullion dealers, but I'll let some other posters chime in with their experiences.
Also, visit the Precious Metals Forum and offer it on their B-S-T thread.
I knew it would happen.
Do your research before selling. JMO
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
BST here is probably your best bet, especially for the quarters. Melt today is around 12 times face plus or minus. At a show unless a dealer needs them to fill an order the best you could do would be around 11 times face, here you might get closer to 12. For 10 lbs of quarters that's about a $160 difference.
For the other stuff take pictures of a few of them and try to sell them here.
Keep in mind that when you ask for free advice you get what you pay for
it's crackers to slip a rozzer the dropsy in snide
I think, for the pre-64 quarters, you'll get a decent offer at any reasonably-sized show. Just go to each dealer and ask what they are paying for 90%. They will ask how much you have, and you tell them. And you compare offers. Some dealers will be fairly strong buyers, some not.
For the graded dollars and other things, it may not be as easy. Better dates might spark some interest. But if they are common dates, probably not, unless they are very high grade or otherwise special, i.e. flashy toning. BST may be your best bet on those.
..Tom (off-and-on show dealer for ....too many years to count..)
LRC Numismatics eBay listings:
http://stores.ebay.com/lrcnumismatics
I am in agreement with the others. Sell on the BST........to maximize sale value.
I always make it a point to arrive a couple of hours before a show starts. Get a good feel for the parking lot. Your safety is paramount. Introduce yourself to security. Plan on bringing lots of water. A sticker on your chest with your name on it is always helpful.
Call around to coin shops.
Ask, "What are you paying for 90%" in those words.
Then you have a frame of reference. Do it right before the show.
Silver coins are price as multiples of the face value of the coins.
If they say they are paying "12 times face" or like that, then the value is 25 cents times 12.
It varies from shop to shop.
I've also just posted the bulk silver to BST as recommended.....hard part is ive done a few deals here but not as many as others...
Dean
Don't quote me on that.
Find out who the bullion guy is and go right to their table and cut out the runner.
Otherwise, the other guys will offer you some slight percentage back and then run the bag to the bullion guy before he changes his mind.
Don't forget to check for any errors on your silver coins.
Errors?
Don't quote me on that.