Trading part of my collection for a high value coin.

Only if he knows he has a dedicated buyer for your specific coins....unlikely.

 

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Let's get specific....what coins are you selling (what is their liquidation value) and what grade of HR Saint are you looking at ?

 

I have a 12 piece gold type set with an extra saint and a $10 eagle. Along with a few other sets, mostly pcgs. I’d be looking for au55-58 most likely

my 7070 registry set. https://www.pcgs.com/setregistry/ty...dified-type-set-1796-date/publishedset/150533

 

Thanks Whipps...so what $$$ are we talking about selling ?

And what 1907 HR are your looking at buying?

 

Exactly. That’s why I asked why a dealer would trade (retail) dollar for dollar unless they got some other benefit out of the deal. @TypeCoin971793 referenced moving unsold inventory, and you talk about trading away a coin the dealer probably can’t sell easily for one they can. Those are precisely the kinds of benefits I’m talking about here.

Absent that, in what world is a dealer buying a coin at wholesale and selling a coin at retail considered a ripoff, @TypeCoin971793 ?

 

The problem is that our friend is ditching multiple coins, which means unless you get lucky and have 1 big buyer for the batch, you could be stuck with the coins for a while.

Conversely, you have just 1 coin (the 1907 HR Saint) to unload right now...and it is a very liquid coin, in high demand, and can easily be sold to many serious Saint collectors and/or dealers.

Liquidity and marketability are key in determining price.

 

It's one thing to exchange or trade a bunch of common Saints and MSDs for a 1907 HR or another pricey Saint. In both cases, you have very popular coins being exchanged for one another.

But unless each of the coins in the registry set has plenty of buyers OR the entire set is desired by 1 individual.... well...basic math says it's easier to sell 1 coin than 10 or 20 or 30 coins.

 

A coin dealer is in business to make money. They can't turn a profit on an even trade. Would you expect a car dealer to give you that type of deal. They must make a profit and no car dealer is going to give you the price they are selling your old car for as used. The same applies to a coin dealer. You get the lower wholesale price and he gets the retail price. You're the buyer so you make up the difference. You may get a discount but you still end up paying the difference in price.

If you really want a high grade expensive coin then you really need to do your homework to get the best possible deal. But think about this first; how many buyers are out there to by that $10,000 coin from you when you want to sell? Not a lot, that I can tell you. But how many buyers can you find for lower priced coins? A whole lot more, that I can also tell you.

We can't tell you what to do. It's your collection so you have to make the decision. It sounds like you have a nice collection that you are willing to part with to get the one coin. I personally would keep the collection and do without the high relief saint, but that's me.

It never hurts to ask or to talk to the dealer you want to trade with. If you don't ask, it's an automatic no. Just be prepared to hear the worst from him. He has to make a profit with every deal or he'll be out of business.

 

Numerically and logically, that sounds true.

But consider this: the buyers for lower-priced coins often have to stretch for the $$$ to buy those coins. Or they may already have them.

Conversely, people who can buy a $15,000 HR Saint -- let alone a pricier one -- either have the $$$ or can get it with the next 1 or 2 paychecks, if not tapping into some financial assets.

Or as a friend told me many years ago....it's easier to sell a $40,000 Porsche than a $15,000 Camaro.

Now, don't everybody tell me this is wrong...I admit it is probably BOTH right and wrong....it depends on the circumstances. My point is that there are very different demographics for the buyers of 5-figure Saints vs. 3-figure MSDs and often-times the latter don't have the $$$ whereas that's not usually the case with the former.

That said....eBay, HA, and other online venues have INCREASED the reach and increased liquidity and the ability to market to a larger audience and pool of potential buyers.

Excellent point...you never know, talk to a few dealers and you might find someone who has a ready buyer for a bunch of coins or a complete set like yours and the dealer will give you a price CLOSER to but not equal to the retail price. If he KNOWS he can unload it within days or weeks, he'll pay you more than wholsale. Or should.

 

I haven’t found one yet. I’m thinking about sending a group of coins to HA instead of trying a trade.

 

Buying outright and trading are not the same thing. That's where you keep falling short in your analogy.

THEY ABSOLUTELY CAN AND WILL!

 

Since you're yelling at me I will only say that we must agree to disagree.

 

Ignoring all of my previous posts does not make you right.

 

I've read your previous posts. I would never show a profit trading coins as all I'm doing is transferring my costs from one coin to another coin.

 

And when the coin is sold, *poof* profit

 

Anytime you're trying to get a ton of trade credit like that you will likely get hosed and would be far better off selling what you wanted to trade and then using the money for a purchase. Dealers generally don't like taking a lot of lower value coins for a high value one as they have to make far more sales to get the same amount. If you have stuff they can move fast or have want lists for you'll usually do better or if you're a long time frequent customer.

There's a lot of variables but one general rule is that the more coins it takes you to reach the desired value the more you'll get penalized in value

 

I think we're debating semantics here....I think the belief was that the OP trades his set to a dealer who has a READY buyer for the complete set or most of the pricier parts, or somethign to that effect.

Right ?

 

The outcome is the same:

• Selling your coin for $100 and buying the dealer's coin for $100 is exactly the same as trading coins.
• Selling your coin for $75 and buying the dealer's coin for $100 is exactly the same as trading your coin for $75 in credit, then buying the dealer's coin for $25.

Either way, you're faulting the dealer (i.e. the retailer) for buying at wholesale and selling at retail.

 

I would only do it, if you feel that you can replace the coins that you sell to fund it, and at a reasonable price.

 

Very easy solution.

Trade your group of coins to a different dealer for his cash.
Take that cash to your dealer and trade it for his HR saint.

Semantics problem solved.
Now back to our regularly scheduled program.