I've got a chance to buy 100 full date buffalo nickels from my local dealer, who has always been fair and honest. They were in a ziploc bag and from what I could see they were really nice coins, no cleaning, VG-EF most looked Fine or better. He told me $80 for the lot. He he told me they were all common dates which I pretty much figured. I still think it's a good deal. I know they're pretty busy selling high end stuff and probably just wants to get rid of these. What do you guys think?
Thanks TwoSon, that's what I figured, at 80 cents a piece. It will be fun to search thru with my younger son, hopefully they missed a variety or 2, that would be cool.
.80 is way high tho, you could do better if you went to the bay....$80 should buy you at least 5-6 rolls shipped
Granted $20 would be a great price for a 100 common date Buffalo Nickels. I don't think the dealer is going to settle for it unless you buy A LOT from him. I wouldn't spend a cent over $40 on them. If they are all Common in Fine to Very Fine. Also if you do buy them, ask them to put them in a plastic Nickel roll at very least. lol 100 Nickles Face value = $5 dallars Buffalo Nickels common dates graded F to VF = value about $1 to $2 dollars each coin. I would say if all your doing is planing on is looking through them and holding on to them for a good long time. 30.3 cents a coin is not a bad price.
You could do better on ebay, thats true. But you will be buying them from a person you don't know and more then likly will never deal with again. Im not a very big fan of Ebay myself.
I think if there all full dates and there are some fines in there you should buy em. Ebay will get you junk mostly and you have to pay shipping.
I'll go along with that. And with an ebay purchase you have abolutely no idea of what you may be getting. And if you have to pay for postage, handling, insurances, etc you may end up paying more than you think and if you want to return them, then what? Around me those would sell for about $0.75 to $1.00 each if in decent condition. If you could get them for a bit less than the $80 it would for sure be a bargain. It may well be true he is just trying to get rid ofan over abundance of them. Try for about $60 or so. You may want to check around further to see if there are any better offers first though.
Mr. Merc, I know you don't want to tarnish a good rapport with a local dealer but why not look at them in the shop? After all you AND the nickels are there. 80 cents per is a little steep unless there are a lot of full horn XF in there. My dealer does high volume as well. I've sorted a lot of Blue Whitman folders for him over the years. Of course when I do this I get to look at a lot of coins and he DOES want to move them. Last time I bought in bulk he'd give me a per coin price and whole book price. Paid 50 cents each for most for mainly common dates in the 20s and 30s. He charged me $1 for one book. No problem had a 19S in fine and a real nice 31S. Kind of a fine line but keep building that rapport without paying too much. Good luck! clembo
Try to barter with him a bit, I wouldn't pay $80, but I would try to get them for $40-$50. The trick is to buy some other coins from him too, if you buy some others, then he might be a little more willing to go down in price. Best of luck man. :thumb: Phoenix
The trick is to make it work for you and the dealer at the same time so that you build rapport and are more likely to get better deals in the future or first consideration on rarer items. $80 imo is high so if you can talk him down, politely decline the buffs, but buy something else
