I went with my Dad to a local coin shop today. They offered me $325 for my 20th Anniversary Silver

notlogical · June 28, 2007 7:14AM

...a fair price? I thought it sounded kind of low even for a dealer. I thought maybe $400 or something but $325? My Dad told me to wait. I'm going too. I'm just kind of worried about milk spots and thought maybe I should sell before any show up while prices are pretty good...well, kind of good.

TexasNationals · June 28, 2007 7:17AM

Samuel, your father is right, Ebay it, or I bet someone would take it for $400 here on the boards in a heart beat.

Barndog · June 28, 2007 7:23AM

father knows best

notlogical · June 28, 2007 7:24AM

I always get kind of a creepy feeling when I go to that store. I don't know why.

holeinone1972 · June 28, 2007 7:29AM

$450 or bust my fine young man, LOL

fc · June 28, 2007 7:33AM

notlogical, you will quickly learn that for a nice collectable ebay
will give you a MUCH better return that any dealer i have ever met.

sure you have to do a bit of work but it pays off nicely when you
present a clean precise auction with excellent pictures.

basestealer · June 28, 2007 7:33AM

They fetch $485-$490 on ebay, almost every time one is listed. Figure a net around $450 or so after all the fees.

Lionel · June 28, 2007 7:33AM

Mental note: Don't take your Silver Eagle sets to a coin shop.

Seriously, EBAY is the way to go. It seems that learning to sell on EBAY should be a rite of passage for a young man in our culture.

notlogical · June 28, 2007 7:37AM

This dealer we went to does a lot of selling on ebay so he was going to make a lot of money off of me if I let him. Now I'm really glad I waited and now I know where that creepy feeling comes from.

MidAtlanticCoins · June 28, 2007 7:38AM

Dealers are offering between $488 and $525 here at the show today. Sealed sets are bringing a bit more. $325 is robbery.

sfs2002usa · June 28, 2007 7:39AM

Try referencing the prices to well known dealers. Perhaps APMEX or mintproducts.com

ModernCrapNut · June 28, 2007 7:40AM

I think that some coin shops don't follow how rapidly these have risen. I stopped in a new, for me, coin shop Tuesday to pick up some plastic flips and noticed there we not a lot of AEs. Talked to the owner for a while and he said he hadn't had a silver anniversary set in for about a month and he sold that one for $350. I think I'll stop in more often and see if I can catch him with one of those sets. I feel the reverse proof in 69 is worth that much.

DorkGirl · June 28, 2007 8:11AM

Keep trusting that "creepy feeling". It will serve you well.

notlogical · June 28, 2007 8:30AM

<< <i>Dealers are offering between $488 and $525 here at the show today. Sealed sets are bringing a bit more. $325 is robbery. >>

The guy told me that was the price they were paying in Chicago last weekend. I suppose he meant at the Rosemont show. He said they bought 2 sets for that price. Now I see why.

jmski52 · June 28, 2007 8:49AM

Spock would make a logical deduction that if milk spots are not yet obvious on your set, the probability of them occuring is diminishing, especially if you keep it stored in a cool, and dry storage location. And, he would observe that the dealer who offered you $325.00 is not to be trusted at any time in the future, since you now know that his offer was not intended to be fair.

As you know, Spock does not gamble but he does make his assessments based on known data. If the marginal utility of the expected value of the proceeds from the sale of this set exceeds the future anticipated value from a rise in price due to speculative pressures from all known and future collectors of this series, then by all means, you should sell it - but only for the current fair value of $450.00 net or more.

Frankcoins · June 28, 2007 9:07AM

I don't know that $325 is not a reasonable offer from a walk-in. In our brick & mortar store, on more than one occasion, we have bought coins over the counter which we were required to hold for 10 days (after paying $250 a year to the city for a "second hand junk dealer license" because coins are "old.") and had police investigators show up 9 days later and demand the return of said coins as "stolen" with NO PAYMENT TO US. And the evidence that these things were "stolen" cannot be released to us, because it would violate the privacy of the "alleged" thief. That has to be figured into the cost of business. Since you can't sell for over market, that cushion has to be built in, unfortuately, on prices offered for items with the most risk, such as walk-ins. We always prefer to get our inventory from trade shows and known wholesalers.

dan8402 · June 28, 2007 9:10AM

<< <i>I don't know that $325 is not a reasonable offer from a walk-in. In our brick & mortar store, on more than one occasion, we have bought coins over the counter which we were required to hold for 10 days (after paying $250 a year to the city for a "second hand junk dealer license" because coins are "old.") and had police investigators show up 9 days later and demand the return of said coins as "stolen" with NO PAYMENT TO US. And the evidence that these things were "stolen" cannot be released to us, because it would violate the privacy of the "alleged" thief. That has to be figured into the cost of business. Since you can't sell for over market, that cushion has to be built in, unfortuately, on prices offered for items with the most risk, such as walk-ins. We always prefer to get our inventory from trade shows and known wholesalers. >>

Very interesting. It looks like there are two sides to every story. Note that I'm not condoning what the dealer did, but this could be a possible reason.

CoinHusker · June 28, 2007 9:27AM

The dealer knows us.

claychaser · June 28, 2007 9:51AM

How many does he want to sell for $50 above that price?

Too bad Wei does not live closer!

I went with my Dad to a local coin shop today. They offered me $325 for my 20th Anniversary Silver

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