I have an 1983/4 US three-piece Olympics proof set (two $1 silver commems & one $10 gold commem) with the box, case and COAs. I'm taking it with me tomorrow to the Philly Whitman show. What do you think I should be able to sell it for? I have a figure in mind. I want to check to see if it's realistic.
From the top of my head only .....(no real experience or research behind it). I think it will be worth $2300 someday. Tomorrow, maybe $500-600. (I am just replying as a means to see how close or far off I am from your figure. I think $350-450.00 is too low, but that might be what you get offered.)
Melt or just a touch back would be a realistic offer to be completely honest. It's a very common set.
About 75% or less than what it would fetch on eBay. Frankly, Kanga, I think you would be better served selling it yourself (or even consigning it) on eBay. My experience is that coin shows are not the best place to sell these types of coins if maximizing your sales price is your goal. Good luck....Mike
Agreed. Bullion value is about $670-680 and that's about what greysheet BID is. So it appears they are generally considered to be bullion coins. I'll ask for $700, but accept $650. If I throw in the other two '83/'84 Olympic dollars I have I'm hopeful of $700. I won't go the eBay route unless I can't get the amount I'm looking for. I checked their completed auctions and they are in the $650-700 range. With the Insertion, FVF and PP fees I'd end up with less. Oh, wait. I think Insertion Fees are free for auction-type listings through Jan 2. (Big deal )
Kanga, Good luck, and please update us on what happens. Nothing like first hand accounts of selling situations...Mike
I just came back to this thread to see if I could think of anyone you could go see at the show... but it looks like your already there Hope you had luck!
Back from the show. About this particular question, it came out as I expected. The 3-coin set plus the 2-coin set got me $650. That's slightly under melt, but unless you are dealing bag quantities that about the best you can expect. The buyer made the point that these are common and even though they are commems, the bullion coins (ASE's, etc.) are doing better. Doesn't necessarily make sense but it is reality. The GOOD items I was looking for will be shown under a separate thread tomorrow. Let's just say for the moment I'm happy at about the 90% level.
You sound happy about the combined transaction. Congratulations. I was pretty far off. Sounds like the coin show tables are more profitable to work with than the pawn shops.
Yeh, it worked out to my satisfaction. And for bullion material coin dealers can work on a closer margin than a pawn shop can. Why? Because they can flip the items much more quickly. A 5% or less profit is okay if you can get it in a few days rather than a few weeks or months.
