What is reasonable hourly rate for a coin dealer?

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I agree with you. That is why I suggested what I did after Green's above. Someone has puppy love for GC

 

Yes. I know. Thus my Post. You have a more important responsibility when advising concerning numismatic issues, to the collecting community.

But, in this case, your written thoughts fall on deaf ears, because the OP is certainly not in need of the advice. More than likely, as a Shout Out to Jeff The Science Guy and his detective extraordinaire ability to detect same, it is probably an AI Post.

Again, it is a Private Andrew Malone story. A close reading of the Post will convince you the Post is a GC endorsement. You would certainly glean this easier than most with your experience. The wording, the numismatic statements of Grade, etc., the repetitiveness of GC (a tactic used since the Blessed Stones were carved on the Mountain, and is known as subliminal suggestion in advertising), and a new member that just happens to choose CoinTalk as the most viable source to ask.....

FTR, I call Baloney on the supposed reality factor of the OP.

 

And who is that? The OP, with the repetitive use ..3X...of the Great Collections name? How unfair!!! After all, the OP only mentioned PCGS once!

C'mon, the "story" never happened and there was no visit to the local dealer blahblah.

 

Who am I to resist calls from my fandom?

I'm not seeing it here. The OP had a couple of other posts that seemed legit prior to this thread. If I were coming in cold, asking around in various forums, and reading related threads, I'd probably land on Great Collections as a possibility, too. And I might be careless about counting repetitions when I posted to ask about it.

I try to think the best of people. Sometimes it works out.

 

I agree with you, especially after considering the alleged ChatBot hasn't responded to anyone or any of the comments posted in this thread.

 

...and there is the problem...Julius Caesar.

....and a hell of a lot of times it doesn't.... said every G.I in Indian Country.

I will stick with my version. I read the other Posts.

 

Hello! Thank you for the robust, energetic discussion. I really appreciate the suggestion that $250 may be a bit pricey. On the other hand, I assure you that I am not a shill for GC. On the contray, my experience so far with them has been not the greatest. I submitted some photos of coins to them on May 10 and within 5 hours received an acknowledgement and a support ID number for their initial evaluation. Not hearing anything, I emailed on May 20. No response. I called them around May 31 and provided my support ID number. They indicated they were at many shows, the process usually takes 2 to 4 weeks and they would reach out to the person assigned to my support ID number to indicate that I was waiting. Four weeks was June 10. Nothing. Six weeks is tomorrow, and as of this writing, I haven't heard a thing. If anyone has any sway with GC, please reach out to me and I'll provide the Support ID number to you so you may request, on my behalf (if you want to), that they get "their rear in gear." I also assure you that I am an amateur. I don't want to send 100 coins to anyone with them coming back to me saying..."this one is fake, this is MS60 and it's not worth the cost of slabbing when you thought it was MS65, this one has been cleaned, etc." That's why I turned to this forum - to get some guidance from experts and enthusiasts. I thank those who provided good direction to someone trying to learn. To others who thought otherwise, I hope my continued participation in this forum will earn your trust. Thanks!

 

You would need to post each coin with full sized photos of both sides in order for us to give you better information on them. Each coin should be a separate thread.

 

Hi Collecting Nut - thank you for your thoughts. I truly don't want to burden the forum with 400 photos (800 if you count both sides) looking for mountains of free guidance. Several of those responding to my post about my 1793 Flowing Hair Large Cent have indicated my photography skills really suck (and they do). It was painful to get the final good ones and I had to buy one of those little "photo studios" off of Amazon to get it. I did, however, find another local dealer, at a much more reasonable price, to just give me a "rough cut" for my current situation - something like....."slab this pile, don't slab this other pile." Which is about all I need at this point. I may, however, post a photo of some items which I truly am puzzled about - like this big brown coin with this worn kingly looking guy on one side and on the other some stick like figure with a spear leaning up against some round thing. I also have about 120 Civil War tokens that I have no idea at all how to value, so look for a photo or two of them if the forum allows discussion about Civil Wat tokens. Thanks!

 

My local dealer charges a flat rate to offer a "for inurance purposes" valuation. If he were to charge $250/hr, he would only take 1 or 2 hours.

 

Really? Really?
Now Tokens are added to the mix, and GC is toilet flushed.
Nah, this is not a Sales job, just an average collector figuring out the difference between a 60 and a 61, worn kingly looking guy (I love it when the good ol' boy " aw shucks, I'm just a straw sucking barefoot no nothin" act. "Slab this pile, don't slab this pile...", precious.

Oh well, no jargon to see here. I'm in. Where do I buy the Stock...

 

That is the thing...you are the 2nd person to mention written appraisals and/or insurance appraisals. THAT is where the BS meets the "give me wampum"BS line, because anything less than a paid transaction for fiduciary advice by a dealer or anyone else, will bring the entire Army of Attorneys to your place of business, when the advice results in monetary harm.

Very few Dealers are willing to risk such an action, as I tried in my own downhome friendly manner (no?), to explain in a prior Post.

Yet, this OP/BOT/AI/HOPE SOME SUCKERS FALL FOR THIS AND PM ME WITH A BUY OFFER Thread producer would have everyone believe otherwise.

I am renewed everyday when I realize the benefit of growing up in Brooklyn; it taught me to recognize a 2nd Ave. NY Hat Salesman.

 

I have read this thread twice and still think I would follow the advice of @Randy Abercrombie and give IGC an initial attempt.

 

Charley, while I understand your incredulity at dealer's willingness to do the right thing for their clients, let me try to enlighten you as to a few details.

The shop I work for will do a written appraisal of your collection for the purposes of insurance or estate for $250/hr. (yes, Coin Corgi, at that rate, I will work with alacrity to get it done.) We also at that point, will not offer to buy the collection because it would create a conflict of interest, and I think that this where people make a mistake when appraising a collection.

We don't see it as a risk, we see it as business. The only reason to fear is that you have not done your due diligence, or you truly don't know what you're talking about. If your appraisal is accurate, there is NO risk.

We employ experts in the respective fields to properly identify and appraise items for our clients. We're not just taking a guess, and we CAN properly value your collection, but if we do, we will remove ourselves from the pool of potential buyers as that is the ethical thing to do.

 

$4,000.00 for 400 pieces is a logical expenditure given the BS level of the OP presentation.

It is NOT logical to expend $250/hr to get a non-opinion opinion. 4 hrs. at that rate is $1,000. That amount would have graded 100 pieces.

So.....Logic. The World needs to get back to it and bury the BS illogical logic opinion in an unbreakable coffin that would also contain kryptonite (in case anybody wants to use the Superman Whataboutism.).
It would be a conclusion to the silliness.

 

This same dealer will give anyone an offer to buy on a collection for free!

 

No. It is NOT incredulity. The word that makes it NOT is "WRITTEN". You are misinterpreting what I state (and did so 3 times) and explained clearly the difference. Return to my Posts and read slowly. A witten fiduciary Appraisal is NOT what the OP aspired to receive.

As to the $250.00, please AGAIN return tp my Posts concerning the Dealer that I know that charges (more than that) for a proper fiduciary appraisal.

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EXACTLY! NOW YOU UNDERSTAND WHAT I HAVE STATED AND THE PURPOSES I DID SO.

Again you agree with me and the thrust of my Posts....ergo the 2nd Ave. NY Hat Salesman phrase added for emphasis, for those that didn't get the thrust of my commentaries.

AGAIN, you are in agreement with me and the statements in my Posts....and my continuing emphasis on the fiduciary legality issues and climbing that Mountain.

Either you have a preconceived notion of me (and I would not find fault with such a thought process) as the dirty t-shirt neighbor next door that leaves the garbage on the lawn and has bad breath and opines with a preference for BS commentary, OR (which is the logical choice) you did not digest what I stated and understood that we ...YOU AND I....are in complete agreement on the issues you state.

So, what is your beef?

I guess there is a 3rd. possibility, since it is the 3rd. time you have mentioned the entity and integrity of same that you work with, that you are doing what any good Capitalist does....giving a Shout Out for consideration of the entity you work with, for consideration by the OP.

There is also a 4th, now that I reflect....You have gleaned from my Posts over time that I am a PITA .
Again, though, we agree. I am.

 

I did like your post and it does read integrity is present. However, I would still pick-out a few of what I feel are the best and a few in the middle and still send to IGC. At least some "groundwork" has been started. I haven't seen the collection, so I have no idea if all the coins are really worth having an appraisal by an expert or TPG. I'm sorry for $250.00 per hour to me it would have to be a very superior collection of coins.

 

A non-fiduciary responsibility appraisal by anybody...not only a dealer....will ALWAYS be "for free", because the 2nd Ave. Hat Salesman schtick is at play. It certainly is not because you are their favorite person in the whole wide world.