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Have any of you dealers been stuck with a coin for over a year?
I have seen a particular 1924 MS66 Saint in one dealers inventory for seemingly ever. I have seen this coin and it is fairly graded unlike most 66 Saints. In fact he claims that it makes most 66 Saints look like 64's. Why wouldn't a nice coin sell in a reasonable amount of time? -
Re: Have any of you dealers been stuck with a coin for over a year?
<< <i> << <i>I suspect only the well capitalized dealers can hold on to coins for over a year. How else can you make a profit if you don't churn coins? >> Sometimes not selling coins(or jewelry in my case) can be the best thing that happens to a dealer. I have seen most of my inventory rise in value year after year. Here… -
Re: Have any of you dealers been stuck with a coin for over a year?
I suspect only the well capitalized dealers can hold on to coins for over a year. How else can you make a profit if you don't churn coins? Dealers don't hold everything that long. Most inventory turns pretty quickly. -
Re: Have any of you dealers been stuck with a coin for over a year?
Different dealers have different business models. Some rely on quick turnover, and some rely on getting their price, no matter how long it takes and how many upward adjustments it takes. When I see a coin held for a very long time by a dealer who usually does turn over his/her inventory quickly, it certainly gives me pause. -
Re: Have any of you dealers been stuck with a coin for over a year?
<< <i>Attend the monthly Parsippany, NJ coin show and you'll see the same old inventories, month after month, year after year. >> Yeah, I expect that some of those coins have been to more shows than most members here have. -
Re: Have any of you dealers been stuck with a coin for over a year?
The better question might be "Have......................... for over a decade? My answer is YES. Numismatic material does not become worth less or get stale. It normally increases in value. I do not consider that I am stuck with a collectible numismatic item. I feel that I have just not found an appreciative collector for… -
Re: Have any of you dealers been stuck with a coin for over a year?
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I have seen some coins stuck at some dealers' inventories since I started buying coins (over 8 years ago) so a one year turnaround isn't long at all. -
Re: Have any of you dealers been stuck with a coin for over a year?
Most brick and mortar dealers I know are becoming simply bullion dealers due to the fact they price their coins much higher than can be bought online or at auctions. The stores I attend in the Phoenix area have had most of the higher grade coins in the series I collect for well over a year. I visited three stores yesterday… -
Re: Have any of you dealers been stuck with a coin for over a year?
In the B&M shops I frequent, many coins have been on display for well over a year... some for more than three years. Cheers, RickO -
Re: Have any of you dealers been stuck with a coin for over a year?
I had seen a coin at the 2006 ANA in Atlanta. I liked it, but thought it was priced too high. At the time they offered no flex in their price. I saw it on their web over a year later, and made an offer I thought was fair.... about 25% below their asking price. They accepted the offer.
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