There is a woman on CL in my town trying to sell junk silver. She had several large groups of coins up, mostly foreign with odd silver content, so I just overlooked those. However she had one very large lot of US coins, and she had it priced at $1700... I thought the price looked very low, so I checked the current melt value, and she was short changing herself by nearly $1000! Trying to be a good samaritan, I emailed her saying that she was leaving almost a grand on the table selling at that price. I also included the link so she could check it... I got a nasty-gram back about how she has a "book" and I didn't know what I was talking about... I guess she thought I was trying to scam her somehow... ??? Just thought I'd share.
1. Buy aforementioned silver 2. Sell Aforementioned silver 3. Email woman scanned sales receipt 4. Profit?
I'm sure her book is as old as the collection is. Personally, I would have just bought the coins for what she was asking for like protovdo said. The only thing is, there is no question how to profit on that deal.
I thought about buying it and turning it for easy money after I got the reply... I dunno... I guess I am just not that cutthroat. Someone will profit off her. I just don't have that much karma credit accrued to get away with it.
Pensacola Craigslist Collectibles "1150 WAR NICKELS" "$1700" "Back Gate NAS" Easy cheezy. You'd be there quicker than I could dig up her email. She based her price on 1.50 each, as in her book. Melt value is currently over 2.20 each.
She is always selling antiques, cheesy collectibles (like commem plates, for example), and she has even put up modern stamps in the past. She is always overpriced... She has all the sudden started posting some high end coin lots just in the past week. Before this, she has never put coins up for sale, at least not on CL.
Just remember that you can't get anywhere near "melt value" for war nickels. At the last show I went to, when silver was close to the same price it is now, the strongest buyer was offering under $1.40 each for them. Best bet is flipping them on eBay, where you'll probably get around $60-70/roll ($1.50-1.75 each) after fees.
I see this all the time on CL, and I also see way overpriced coins on there as well, and send the seller a link to eBay completed sales, as well as numismedia.com and get nasty grams back. I sent a response last night to a seller on CL who has 2 bullion ASEs he wants $150 for. I told him those can be had for about $2-$3.50 over spot price. He said I need to educate myself on the current market. Whatever!
Easy Ken, Hobo just beat you to the "Post Quick Reply". He was awake and paying attention and you were probably in the backyard polishing...err, curating Pudgy. Bruce
