Did I low ball this lot of coins, anyone got a greysheet handy?

I had a gentleman on craigslist respond to an ad I had put up seeking to buy coins. He had a decent sized collection and I have bought/sold some of the same coins in the past, in addition I checked out fleabay and heritage to find extremely recent sale prices for the exact coins, which are represented by the average to the right of the description. I had calculated a realistic market value of 1962$ for all the coins and offered him 1450$ after previously letting him know I was buying mostly for retail resale and explaining that I thought the offer (profit margin for me) was pretty fair and extremely competitive with what I know local shops pay. He seemed to be disgusted with the offer and I haven't heard back, furthermore my post was instantly flagged down after appraising his coins and making an offer. I do feel I was fair and honest in the deal and suspect the gentleman had overvalued his coins regarding price, but I would appreciate a second opinion from a more experienced dealer.


1836$2.5 quarter eagle script 8 NGC XF Details scratched Reverse 357
1927$2.5 quarter eagle NGC AU 58 330
1927$2.5 quarter eagle NGC Uncirculated Details mounted 280
17828 reales Mexico NGC El Cazador Shipwreck Genuine 65-100
17832 reales Mexico NGC El Cazador Shipwreck Genuine 45-75
17831 real Mexico NGC El Cazador Shipwreck Genuine 45
17831/2 real Mexico NGC El Cazador Shipwreck Genuine 50-70
1887$1 Morgan NGC 65 Star Rating Ted Binion Collection 225-250
1881$1 Morgan NGC Ted Binion Collection 37
1887$1 NGC Ted Binion Collection 37
1922$1 Peace NGC Ted Binion Collection 37
1922$1 Peace NGC Ted Binion Collection 37
1922$1 Peace NGC Uncirculated Type Set #1002/2500 Ted Binion Collection 50
1964$.50 Kennedy NGC Uncirculated Type Set #1002/2500 Ted BinionCollection 35-40
1964$.25 Washington NGC Uncirculated Type Set #1002/2500 Ted BinionCollection 25
1962$.10 Rosevelt NGC Uncirculated Type Set #1002/2500 Ted BinionCollection 20
1881O $1 Morgan NGC Brilliant Uncirculated Fitzgerald Collection 72
1883$1 Morgan NGC Brilliant Uncirculated Fitzgerald Collection 70
1881$1 S Morgan NGC Brilliant Uncirculated 45
2007$1 Early Release NGC MS-69 45

 

Log in or Sign up to hide this ad.

Walk it off Fishwhacker. Dude missed his chance. Fair offer......

 

Thanks green, I appreciate your insight to the situation. I just don't want to get that pawn shop stigma attached to my name if somehow I had messed up.

 

The figure on the 1836 quarter eagle sounds quite low. Besides that your figures looked ok to me.

At most you could have offered 150$ more. But your offer was not bad. Since he seems to have been really offended yes I think he values those coins more then their true value.

 

Your quote looks fine. Private sellers add sentimentality to the price and generally ask full retail prices when selling

 

The only thing I see is the El Cazador stuff. The 4 reales trade around $200 and the 8 reales are around $400 or so each.

 

Oh....I'm not a dealer, Fishwhacker, but I did stay at a Holiday Inn.

Speaking of which, ya wanna see low ball? Go to those shows advertised in the local paper and held at a local hostellerie.....

 

Hmmmm...

Well maybe things have changed in the year or so since I sold any. I had a 4 and an 8 in the display boxes I put on EBay and they bought close to those prices respectively.