COLLECTORS...DEALERS,if you had the chance to buy ...

mozeppa · June 7, 2011 7:29AM

a lot of widgets and some more pricey-er widgets for less than 35% of gray sheet or online price guides...would you?

by the way....these would all be lincoln cents .

mingot · June 7, 2011 7:32AM

<< a lot of widgets and some more pricey-er widgets for less than 35% of gray sheet or online price guides...would you?

by the way....hese would all be lincoln cents . >>

Do your homework and see what you can actually punt them for on ebay.

If this was about jefferson nickels, I would have to answer no. In reality they don't sell for PCGS price guide (most cases, there are some issues that get close). No idea if the same holds true for lincolns.

RedTiger · June 7, 2011 7:36AM

Personally, no, with more and more scams and fakes, I would wonder why they are being sold that far below market, or if the price guides were out of line with the cash market. I don't have access to wholesale deals so would definitely look the gift horse in the mouth. Another factor is that I can't authenticate the key dates, if there are any good fakes in the bunch. One high value fake and it ends up being a loss.

291fifth · June 7, 2011 7:47AM

No. 35% is too high.

mozeppa · June 7, 2011 7:49AM

red tiger

you're taking the "everyones out to burn me attitude".

i'm the seller and am known on these boards.

there are no fakes... it is my collection.

i have a list complete with pricings that i'd consider "insane" on my part ...however it is what it is.

i'll not live long enough to sell it all one coin at a time. (read nothing into that statement)
and once the best coins are gone, the rest is gonna be difficult at best to sell.

so i thought ..."sell it all at a reasonable price to a dealer who can then deal with selling it off coin by coin. "

(p.s......he can deal with the masses and pay pal and the post office!)

WTCG · June 7, 2011 7:51AM

Depends on the coins. Some widgets are worth less than 2/3 of Greysheet while other coins are a steal at anywhere back of Greysheet.

mozeppa · June 7, 2011 7:51AM

<< No. 35% is too high. >>

really? you'd not pay under 35 bucks for a 100 dollar coin?

mozeppa · June 7, 2011 8:00AM

let me say it like this...

there are 961 coins in all..... all are one of a kind. with maybe 12 duplicates.

162 are pcgs.................. a few are varieties........ doubled dies, rpm's
108 are anacs............... these are varieties........ doubled dies, rpm's

681 are raw 90% of these are ms grades ....most are varieties... doubled dies, rpm's

total values by gray or online guides nears $26,000 dollars.

i'd take $8000 for it all.

Rampage · June 7, 2011 8:02AM

Actually, I would buy it in a heartbeat if I were offered such a deal.

mingot · June 7, 2011 8:20AM

It was my mistake, but I read the OP as "35% less than sheet" instead of the "35% of sheet" that he meant.

And that's quite a difference

mingot · June 7, 2011 8:23AM

Also, if I were you, I might consider consigning it instead of giving it away.

pennyannie · June 7, 2011 1:56PM

<< No. 35% is too high. >>

I think dealer offers would be less than that in most cases.

mrpotatoheadd · June 7, 2011 2:13PM

Are the price guide prices for the varieties significantly higher than the non-variety pieces? Based on what I've read on this message board, lots more collectors want to cherrypick these rather than pay full retail.

RedTiger · June 7, 2011 2:44PM

<< red tiger

you're taking the "everyones out to burn me attitude".

i'm the seller and am known on these boards.

there are no fakes... it is my collection.

i have a list complete with pricings that i'd consider "insane" on my part ...however it is what it is.

i'll not live long enough to sell it all one coin at a time. (read nothing into that statement)
and once the best coins are gone, the rest is gonna be difficult at best to sell.

so i thought ..."sell it all at a reasonable price to a dealer who can then deal with selling it off coin by coin. "

(p.s......he can deal with the masses and pay pal and the post office!)

>>

I don't know you, nor did I know that it was your coins for sale. I apologize if you were offended.

I am talking in general terms. This is an era where coins offered at low price are often fake, often in fake slabs. That is the unfortunate reality we live in and the typical M.O. of those selling fakes.

Good luck with your sale.

Bochiman · June 7, 2011 2:48PM

<< Also, if I were you, I might consider consigning it instead of giving it away. >>

There ya go

Give Jeremy something to do

Baley · June 7, 2011 6:08PM

something to do" is the crux of it... sounds like a huge amount of inventory which has a rather narrow market and may be tough to move and take a long time, if parted out.

it's not surprising to consider a huge discount to give a wholesaler a little room on such a lot. Some folks may not want the trouble or have the room for it, even if offered for free

291fifth · June 7, 2011 8:26PM

<< 

<< No. 35% is too high. >>

really? you'd not pay under 35 bucks for a 100 dollar coin? >>

I'm completely serious. My attitude toward collectibles and the price to be paid for them is shaped by my selling experiences over the past fifty years.

Most of those experiences have been negative and I am not in the mood to lose any more money on collectibles.

ColonialCoinUnion · June 7, 2011 9:48PM

<< 

<< 

<< No. 35% is too high. >>

really? you'd not pay under 35 bucks for a 100 dollar coin? >>

I'm completely serious. My attitude toward collectibles and the price to be paid for them is shaped by my selling experiences over the past fifty years.

Most of those experiences have been negative and I am not in the mood to lose any more money on collectibles. >>

Would you pay $25 for a $100 coin? How about $5? What if someone gave you the coin for free? Would you take it then?

lcoopie · June 7, 2011 10:13PM

<< 

<< 

<< 

<< No. 35% is too high. >>

really? you'd not pay under 35 bucks for a 100 dollar coin? >>

I'm completely serious. My attitude toward collectibles and the price to be paid for them is shaped by my selling experiences over the past fifty years.

Most of those experiences have been negative and I am not in the mood to lose any more money on collectibles. >>

Would you pay $25 for a $100 coin? How about $5? What if someone gave you the coin for free? Would you take it then? >>

can I choose something from your website?

291fifth · June 7, 2011 10:33PM

<< 

<< 

<< 

<< No. 35% is too high. >>

really? you'd not pay under 35 bucks for a 100 dollar coin? >>

I'm completely serious. My attitude toward collectibles and the price to be paid for them is shaped by my selling experiences over the past fifty years.

Most of those experiences have been negative and I am not in the mood to lose any more money on collectibles. >>

Would you pay $25 for a $100 coin? How about $5? What if someone gave you the coin for free? Would you take it then? >>

Who says it's a $100 coin ... some "price guide"?

ColonialCoinUnion · June 7, 2011 11:39PM

<< 

<< 

<< 

<< 

<< No. 35% is too high. >>

really? you'd not pay under 35 bucks for a 100 dollar coin? >>

I'm completely serious. My attitude toward collectibles and the price to be paid for them is shaped by my selling experiences over the past fifty years.

Most of those experiences have been negative and I am not in the mood to lose any more money on collectibles. >>

Would you pay $25 for a $100 coin? How about $5? What if someone gave you the coin for free? Would you take it then? >>

Who says it's a $100 coin ... some "price guide"? >>

Fair point. I interpreted the question differently because I did not read it very carefully.

astrorat · June 8, 2011 12:03AM

Interesting thread ... my comments are about the scenario, not you as a seller.

There are too many unknown variables to answer the question.

First ... pricing; which price guide is accurate? If the "standard" were Greysheet, then that is more precise than "online price guides." Which "online" guides are valid for the coins; Coin Values, Numismedia, PCGS?

Second ... grading; who is determining the grade? Since 2/3 of the coins are raw, there is a lot of value in the coins that will be dependent on the seller's and buyer's grading of the coin. That factor alone may dramatically affect the true value of the collection.

Third ... marketability; would the coins be able to move? Some of the "rare" varieties may indeed be valuable to the right collector, but those collectors may be more rare than the coins. If the coins were all "widgets" and could be moved relatively easily, then the perceived value by the buyer would likely increase.

Offer me raw circulated or PCGS graded MS pieces listed in the Greysheet for 35% of bid and I would jump on it. Offer me raw MS pieces at 35% of Numismedia or Coin Values online prices and I would be much more hesitant.

Now ... who has some problem-free circulated double dimes or Capped Bust halves at 35% of Greysheet?

TomB · June 8, 2011 12:07AM

Given the parameters within this thread then, no, I would not buy your coins at 35% of what you consider their guide value. It appears that this is an extreme niche market and there would be quite a few pieces to move, which means that the effort to move the coins would be considerable while the time to keep them in inventory might be extensive. I would not tie up my money that way.

TheBigB · June 8, 2011 1:05AM

Do these suggested buy prices also apply to sweet old widow ladies?

JamesM · June 8, 2011 1:12AM

<< ...I would not tie up my money that way. >>

Time, is the largest factor here, you can buy bags of silver for just a few % under FMV becuse they can be sold quickly.

we are not talking about coins with a real melt value or high demand.

8k in this type of stuff would last a life time, and not in a good way.

notwilight · June 8, 2011 2:02AM

<< Given the parameters within this thread then, no, I would not buy your coins at 35% of what you consider their guide value. It appears that this is an extreme niche market and there would be quite a few pieces to move, which means that the effort to move the coins would be considerable while the time to keep them in inventory might be extensive. I would not tie up my money that way. >>

Agreed. An exception would be if I had a lot of time on my hands or a new employee I needed to train. --Jerry

COLLECTORS...DEALERS,if you had the chance to buy ...

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