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Question about Selling Coins to a Dealer
billdauman
Posts: 33
I'll try to be brief.....I want to sell some coins(4 total)...all are PCGS.....older series...not dogs....
How much "should" a dealer buy these for?
Other info-
Dealer will see them in person,the coins are generic but very collectible.
From various sources:
Retail--$725
Wholesale/Grey Sheet--$560
If the dealer likes and could use these what type of offer should I expect?
Thank for the feedback.
Billd
How much "should" a dealer buy these for?
Other info-
Dealer will see them in person,the coins are generic but very collectible.
From various sources:
Retail--$725
Wholesale/Grey Sheet--$560
If the dealer likes and could use these what type of offer should I expect?
Thank for the feedback.
Billd
0
Comments
There are dealers that will buy anything in a holder, especially PCGS.
<< <i>It's always a losing battle selling to a dealer and you'll lose your shirt. Try selling here first on the Buy/Sell forum. You'll thank yourself later. >>
It's often a bad idea to use "always" and "never" when giving any kind of advice. Last summer, I posted a desirable coin on the BST board and ttt'd it for a couple of weeks. I did not get a nibble. I took the coin to the ANA show and sold it to a dealer for 50% more than what I was asking here. Go figure.
maybe its because we here dont know you look like a movie-star
It all depend s on the coins, if you list them or send me a PM I will tell you exactly what they should be worth. I have to run out so it would be later in the day but at least then you will know-
LIST THE COINS-
jim
will never call him again !
Most coin buyers are like that although the same ones seem to think they know better, when in fact they haven't a clue.
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
A coin dealer is smoeone who can follow you into a revolving door and come out ahead of you!!
Now that is very funny!
It's often a bad idea to use "always" and "never" when giving any kind of advice. Last summer, I posted a desirable coin on the BST board and ttt'd it for a couple of weeks. I did not get a nibble. I took the coin to the ANA show and sold it to a dealer for 50% more than what I was asking here. Go figure.
RYK, this is often my experience too. I can almost ALWAYS get more money for coins by selling them to dealers. They know what they want and will either pass or play. I have long given up on using the BST, even for common generics like Morgans. Less than 5% of whatever I sell is to collectors.
roadrunner
Everything I sent to Teletrade sold the first time using this system. There was one coin returned by the buyer so it was relisted and sold for 20% more the second time.
If you want to maximize your return, sell to another collector because
a dealer has to have a way to make a living and if he or she offers you full price,
how then will they make any profit?
With this in mind, selling to a dealer is not the right thing to do,
The dealer HAS to buy low and sell for as much as possible.
This is the thin percentage he or she has to work with because they do have
legitimate overhead, payroll and lastly, themselves to pay.
You have to see the Big Picture from both side to understand "Why" things
MUST be this way.