What is reasonable hourly rate for a coin dealer?

I think your contributions here are often spot on, but how they are written takes a while for people to get to know you well enough to "read between the lines". After saying that you are only a PITA when you really want to be.

 

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Do It Yourself! You can YouTube everything today! If you don’t know how, ask any six year old! lol. $250 an hour is a little high but it’s what some people think their worth, not what you think their worth! The person who wipes sweat from their forehead after completing a task for you, deserves $250 an hour! The person who saves your life deserves whatever they want! The person that keeps you out of jail is a necessary evil! IMOH! If someone breaks a sweat while sitting in a chair at a desk, either the air conditioner is down or that person is dying.

 

There’s your first mistake.

You don’t want them appraised by a coin dealer, you want to know which coins he wants to buy, and him to make you an offer to buy those coins. That’ll tell you which coins are resealable. Whatever offers you get, tell him you want to think them over, ask him how long he’ll keep them open, and tell him you’ll get back to him before then. Meanwhile, take those offers as the wholesale offers, figure in a 40% gross margin on sales, and get his retail prices. Do the same with two or three other reputable dealers, and you’ve got as close to the fair market retail value of the coins as you’re probably ever going to get, as well as which of the coins need slabbing, and which don’t.

 

That is very kind of you. I am a fan of the level of sincerity that you have exhibited in your response.

I have been told often in my life that digesting the meaning and intent of my written and spoken commentaries is not immediately apparent, even though I am cognizant of the benefit of brevity when necessary.

My problem is I often conclude that brevity will fail me when I strive to explain my position.

I think it is because I am the smart one (Mom told me).

 

I had some thoughts on that, but I accidentally deleted the first page and a half and didn't feel like typing it all back in.

 

You never fail me, Mr. B. That is an endearing trait.

 

eddiespin, Perfectly stated! After reading your statement again, I have to agree with your logic.

 

They don’t call me “fast” for nothing.

 

Well, speaking for myself as a collector for decades, more serious about it in the last 10 years or so, I also am weak on differentiating between a lightly cleaned (or dipped) coin and one that has not been cleaned / dipped - and it took me a long time to develop my current (and much improved) eye for problems. Should I have coins graded or, I shudder to ask, just give up on my hobby?!?!?! [eye roll]

 

I just use the internet sales sites to view how inaccurate the premier TPG are for their greater than ICG et al. fees!

I can virtually on any given day find the same coin similarly graded by premier TPG in GOOD/BAD/UGLY.

I agree with the ICG conservative vote! JMHO

 

As I often do, you may find a certified "comp" coin in the eBay "advanced" library, which may help you decide.

We don't want an inquisitive individual to leave our group because we aren't TPG graders.

Please stay, and learn our relative knowledge, using certified posts as a resource!

Even after 70+ years of collecting, I still learn here (often to replace "diminished capacity").

JMHO

 

My comment was not to slap at novices. In fact, it was a better question. If one cannot differentiate between problem coins and valuable coins, they should not be sending coins for grading, but rather be educating themselves on how to better tell the difference. This can be done for little to no money, whereas learning by sending coins to a TPG is quite expensive.