The price the dealer paid for a coin depends heavily on when said dealer acquired it. If you want to know the price they would pay today, you go in, and initially tell them you have x coin graded by x grading company at x grade and want to sell it. If they ask to see it say it's in the safe deposit box, and you want a good idea of the price they'll pay.
What I was trying to get at is that if you ask the dealer how much they will pay, and they say $10, you know that's what they pay. If you then offer them $12 and they don't take it for their coin, walk away because this person can turn away profit, which means they already have enough money and they don't want yours.
This thread was created and these posts moved because the section where you guys originally posted your comments is NOT, repeat NOT, to be used for discussion. That entire section of the forum - Numismatic Resources - is for informational content only ! In other words, its sole purpose is to allow members to post additional and pertinent (topic related) links to those already posted there.
I don't know any dealers that would even bother with making any offer. They might give you a wide range of what they might pay.
Actually they probably know they can sell it to the next guy for $14. That might buy a burger for lunch.
Agreed, graded generic gold or ASEs might get an offer but anything else the vast majority will want to see it first
I think any legitimate business that buys directly from the public has an obligation to make every attempt possible not to buy stolen merchandise. Anybody who goes into the store trying to sell something while refusing to present the item for inspection will look incredibly shady. Personally, I would not only refuse business at the time, but make a note to not buy from the person in the future.
I hate to argue, lol, but almost every coin has been stolen at one time or another. Have you ever heard of receiving stolen property? From your comment I can tell you have. What was that newspaper that people buy coins from? Sight unseen. Dealers usually ask for valid I.D. and take a copy when buying anything. If they won't quote you a price or like someone said a range of prices, they aren't interested in the coin, or like I said they aren't interested in profit, just gouging.
No, you appear to love to argue and some of the things you have been spouting off have made my jaw drop in disbelief.
"Almost every coin has been stolen at one time or another" is the most absurd statement I have ever read on cointalk.
I thought numismatics was a gentleman's game when I used to watch my grandfather peruse listings that had no pictures, send a check to someone he didn't know, and then to my surprise actually receive what was promised. Then I walked into 5 coin shops and had four of them try to rob me blind. Offering 50% of silver value for junk silver. A small sample I know. I've been to many more since then, the ratio is about the same. I still go to brick and mortar shops because there's nothing like seeing a coin in person, and it's worth meeting that 5th person who's honest, and wants to make a fair 10%-20%.
