Selling American Eagles !oz

Numismatics is the hobby of collecting coins. And yes there are all sorts of lopsidedness in the business of numismatics..... Bullion rounds (I refuse to call them coins) is a very fringe area of numismatics. Folks will pay hundreds or even thousands for a graded silver dollar, yet pay twenty bucks for a graded bullion silver round.... Dear heavens if some sort of federal oversight were introduced into the hobby.... I would sell out and take up gardening.

 

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because people buy them for all the wrong reasons ??
or the right reasons in their mind?
or indifferent reasons?

Why isn't there just one, singular car model and maker?
Because all a car does is get you from one spot to another, right?

it all depends upon your perspective. And your perspective may be somewhat similar or totally different from someone else.

 

Because it is what it is. I'm a collector, not an investor, and as such I don't expect to get much (if any) profit when/if I sell. As for regulating the hobby.....lets keep the Feds out of it. If you don't like the price that dealers are buying (selling) then hold on to your coins till the time is more favorable in your direction. I buy many commemorative issues and know I ain't going to make any profit (especially the modern ones) when I go to sell

 

Please don't include me in your group.

It is you who is willing to pay a premium. Not I!

It is you who is confused about the difference between the numismatic value of gold and/or silver. Not I!

You still don't get it! The term "PROOF" is used to identify a method of manufacture, and that makes it DIFFERENT from an uncirculated, business strike, run-of-the-mill, ordinary coin used for general circulation.

Maybe you should take up knitting. Do they make proof or bullion yarn & needles?

Chris

 

how's this ...

It's all about connecting the (a) Correct Seller with the (b) Correct Buyer at the (c) Correct Time vs (d) Supply/Demand of that particular time frame.

The (a) Correct Buyer can be a stead fast high dollar Collector, all the way down to a "spot only" buyer.

The (b) Correct Seller can be someone who values highly the numismatic value of their coin, all the way down to someone who needs fast "close to spot money" is good enough to pay this month's rent.

The (c) Correct Time is all about timing. If Silver prices are $18 and you buy, then it crashes to $13, are you going to want to sell it as if it was $18? As you going to demand you Purchase Price back or fluctuate based on spot?

(d) Supply / Demand. If there is a bunch of people selling a PF70 coin, and only a few buyers .. it's like real estate in that it can be a Buyers or Sellers market.
Of course there's more PF69s and probably a less demand for those.

ebay is a good venue to connect the proper seller and buyer. But it's also comparison shopping too for buyers. Plus fees to pay for that venue, and fees to pay for financial transactions. But it allows a better connection with like minded buyers/sellers but may take more time than just going to a store and liquidating.

put that all in a blender and you get what you get.
If you put strict limits on it what happens if you are in a different country? Sell an ASE/AGE in Europe? Canada?
Sell a Canadian Maple in US, Mexico, South Africa?
Then hold out to buy ASE/AGE in Europe and sell in the US?

What about those English bullion coins that are highly detailed with really kewl scenes and sell for multiples over spot to "collectors" and not "pure bullion" people?

You seem to have a very fixed, biased definition based on your collection of bullion based coins. It's not like that in the real world as you have been shocked into.

 

Please don't confuse him any more than he already is!

Chris

 

Hey Inspector..... I think we should nominate CT as the numismatic oversight commission! I bet we could get the job done better than any overpaid bureaucrats!

 

CTNOC
We could charge just 10% of the selling price for oversight, plus any handling and additional charges if processed through our marketplace. But what about the black market that would ensure soon afterwards ?

 

We would shoot em like any self respecting bureaucrat would do!

 

Once you CTNOC guys fix this proof ASE injustice, I've got some silver proof sets from years past that aren't appreciating in value like I think they should. Could you work on that too? Thx.

 

Complete the appropriate forms and we will get on it.

 

just send us all of your bullion based coins in a non-self addressed, no return envelope package.
We'll make sure we give you a "CTNOC fair market" value for them.
trust us

 

Forms? You guys don't waste time.

 

In triplicate please.

 

Yes. I have every Silver Proof Set issued and they have done nothing. But, I have every silver proof. That is part of my collection strategy. So, I have to live with it. But, It would be great for a CT committee to dictate a value for them.

 

Yes, we will have no part of the US Government "paperwork reduction act".

 

Short answer. Yes, you got screwed, but you did it to yourself by paying high premiums and not knowing the difference between the items you were buying at overly high prices.

Sorry, but sometimes there is a high cost to knowledge. Now if you don't want to believe what everyone here is telling you, that's your decision, but asking the same question over and over isn't going to get you a different answer.

 

we like paperwork.
It delays processing, and things get lost with no internal quality checks and oversight.

and @Randy Abercrombie has already been testing the paper shredder for some reason.

 

Darned thing fills up much too quickly.

 

Dear CoinTalk,

I bought a CTNOC coin for $1100, which included the 10% CTNOC fee. Today I tried to sell it to a dealer, and he offered me only $1000. THIS IS AN OUTRAGE! Why should I lose money to pay for that overhead, instead of the other party?