just depressing
arthurlegand
Posts: 314
decided to try to sell 2 commen date ms 63 pcgs peace dollers at several coin shops in town and was offered melt for both now with greysheet listing at 60 dollers this is like a rip off seems they like to sell at those prices but not buy did not sell by the way whats your all opions
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Comments
If they're mostly white or have decent toning, I'll give you $100 for the pair.
<< <i>decided to try to sell 2 commen date ms 63 pcgs peace dollers at several coin shops in town and was offered melt for both now with greysheet listing at 60 dollers this is like a rip off seems they like to sell at those prices but not buy did not sell by the way whats your all opions >>
Years ago, when I was a young lad, I used to take coins into the local coin shop. I wanted to sell some generic gold in PCGS holders. The dealers was fair and quoted 75% of greysheet for the coins I had to offter. I mentioned that the greysheet was much higher. He told me to "sell it to the greysheet then". I understood that the market price is what someone will pay, not what is printed on a piece of paper.
TRUTH
<< <i>...they are nice old green holders white ones... >>
My $100 offer stands.
Coins housed in green label holders should not be considered by default to be high end or extra nice. Quality varies and green holder coins are no exception.
As it has already been stated, the Greysheet is only a price guide and not an absolute authority on determining value. Potential buyers have no obligation to base their buy offers on Greysheet information.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Just as anybody can ask any price they want for a coin they own, potential buyers can offer any price they wish as a buy offer. It is the seller's responsibility to find the best offer they can for the items they wish to sell.
Coins housed in green label holders should not be considered by default to be high end or extra nice. Quality varies and green holder coins are no exception.
As it has already been stated, the Greysheet is only a price guide and not an absolute authority on determining value. Potential buyers have no obligation to base their buy offers on Greysheet information. >>
What a dealer will pay for a coin very much depends on how long he thinks it will take to sell it and/or how it will need to be sold (at retail or wholesaled to another dealer). We are still in the throes of a recession, and what is keeping many small B&M dealers in business is bullion-related trading, not deals involving collector coins.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
let the millions of Ebay buyers have a shot at them. You'll get retail, whatever that is.
Oh, don't forget the costs you'll incur when selling on Ebay.
Good luck,
bob
Chris' Complete Lincoln Variety Set 1909-date
Can someone confirm that MS63 Peace dollars are bid $60 in GS? I thought that price was for Morgans and certified Peace dollars were lagging?
<< <i>Offer them on the BST at a fair price and they should sell. Unfortunately, many coin shops are in the business of ripping off the unknowledgeable public. If they can't buy it at a really low price, they don't want it. >>
<< <i>Offer them on the BST at a fair price and they should sell. Unfortunately, many coin shops are in the business of ripping off the unknowledgeable public. If they can't buy it at a really low price, they don't want it. >>
In the case of many/most coin shops this is the bottom line answer.
<< <i>A log of collectors simply do not want to pay a premium for common date, run of mill BU Peace dollars righ now because the cost of bullion, and I don't blame them. Therefore I would not blame a small dealer if he does not want to tie his money up in this stuff that is potential slow mover and in the longer run money loser. If I were still a dealer, I would not buy these coins for more than bullion. When I was selling coins, aside from the the better dates, like 1921 and 1928, Peace dollars were slow sellers. >>
Interesting! I thought greysheet was what dealers were paying, maybe it is really what certain dealers are BIDDING for them, and the rest of the dealers know who these bidders are, and just flip to them for a quick buck
<< <i>A log of collectors simply do not want to pay a premium for common date, run of mill BU Peace dollars righ now because the cost of bullion, and I don't blame them. Therefore I would not blame a small dealer if he does not want to tie his money up in this stuff that is potential slow mover and in the longer run money loser. If I were still a dealer, I would not buy these coins for more than bullion. When I was selling coins, aside from the the better dates, like 1921 and 1928, Peace dollars were slow sellers. >>
You are making too much sense, please stop.
<< <i>Offer them on the BST at a fair price and they should sell. Unfortunately, many coin shops are in the business of ripping off the unknowledgeable public. If they can't buy it at a really low price, they don't want it. >>
...ditto my thoughts.
<< <i>
<< <i>A log of collectors simply do not want to pay a premium for common date, run of mill BU Peace dollars righ now because the cost of bullion, and I don't blame them. Therefore I would not blame a small dealer if he does not want to tie his money up in this stuff that is potential slow mover and in the longer run money loser. If I were still a dealer, I would not buy these coins for more than bullion. When I was selling coins, aside from the the better dates, like 1921 and 1928, Peace dollars were slow sellers. >>
Interesting! I thought greysheet was what dealers were paying, maybe it is really what certain dealers are BIDDING for them, and the rest of the dealers know who these bidders are, and just flip to them for a quick buck
...i guess some just aren't into SHARING THEIR WEALTH!
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
If they are not their thing then a bullion offer is in line with their business plan.
BTW eBay without images of slabed items is a risky road to travel.
``https://ebay.us/m/KxolR5
<< <i>
<< <i>A log of collectors simply do not want to pay a premium for common date, run of mill BU Peace dollars righ now because the cost of bullion, and I don't blame them. Therefore I would not blame a small dealer if he does not want to tie his money up in this stuff that is potential slow mover and in the longer run money loser. If I were still a dealer, I would not buy these coins for more than bullion. When I was selling coins, aside from the the better dates, like 1921 and 1928, Peace dollars were slow sellers. >>
Interesting! I thought greysheet was what dealers were paying, maybe it is really what certain dealers are BIDDING for them, and the rest of the dealers know who these bidders are, and just flip to them for a quick buck
NO, Some dealers are paying those prices, and quite often those prices are to dealers with whom they do business on a regular basis in bulk. Remember, the coin market is not like an organized market, like the New York Stock Exchange which has trading rules, safeguards and price stabilizing features. The coin market is a feel wheeling disorganized segment of trade that varies from one end to the other. Just because one dealer might be a player in one area of the coin market does not mean that other dealers will follow suit.
<< <i>
<< <i>
<< <i>A log of collectors simply do not want to pay a premium for common date, run of mill BU Peace dollars righ now because the cost of bullion, and I don't blame them. Therefore I would not blame a small dealer if he does not want to tie his money up in this stuff that is potential slow mover and in the longer run money loser. If I were still a dealer, I would not buy these coins for more than bullion. When I was selling coins, aside from the the better dates, like 1921 and 1928, Peace dollars were slow sellers. >>
Interesting! I thought greysheet was what dealers were paying, maybe it is really what certain dealers are BIDDING for them, and the rest of the dealers know who these bidders are, and just flip to them for a quick buck
NO, Some dealers are paying those prices, and quite often those prices are to dealers with whom they do business on a regular basis in bulk. Remember, the coin market is not like an organized market, like the New York Stock Exchange which has trading rules, safeguards and price stabilizing features. The coin market is a feel wheeling disorganized segment of trade that varies from one end to the other. Just because one dealer might be a player in one area of the coin market does not mean that other dealers will follow suit. >>
100% correct. The greysheet is available to a large audience, the prices reflected are available to a select few. I cannot get the listed prices from the top tier buyers unless I have hundreds of slabbed dollars to sell. I can get 5-10% off the published prices in a bull market for 5 coins here or 10 coins there.
The run up is so obvious and clear, because it affects only a VERY narrow slice of the overall coin market. If it were a true rally in COINS, then it would be broadbased and universal.
The smart dealers sell into the market and take their profits. Then say, enough, and wait it out. It happens all the time with many different sectors of the coin market.
TRUTH
Just some Wednesday thoughts...
K
<< <i>
<< <i>decided to try to sell 2 commen date ms 63 pcgs peace dollers at several coin shops in town and was offered melt for both now with greysheet listing at 60 dollers this is like a rip off seems they like to sell at those prices but not buy did not sell by the way whats your all opions >>
Years ago, when I was a young lad, I used to take coins into the local coin shop. I wanted to sell some generic gold in PCGS holders. The dealers was fair and quoted 75% of greysheet for the coins I had to offter. I mentioned that the greysheet was much higher. He told me to "sell it to the greysheet then". I understood that the market price is what someone will pay, not what is printed on a piece of paper.
TRUTH >>
Your local B&M was likely spoiled by ripping people off regularly. 25 back on generic gold? That'll pay the rent and electric.