i've always wanted a st.gaudens double eagle. i have a small collection of coins,20 diff morgans xf and up,several type coins incl 1805 lg cent ag cond,as well as some currency incl 1917 large $1 note. say i went to a coin shop where they had a st.gaudens for $750 and they looked at my coins and said they were worth $700,would they just take my collection plus $50 for the gold piece? the thing is i like coins,but mine just sit in a strong box.i'm not constantly updating and working on the collection. how many of you sell parts of your collection in order to upgrade? or do you just buy more and keep what you've got?
I'm sure that a dealer would trade you as you have stated. I buy and try to sell coins to support my collecting hobby, seems that I always buy more than I sell though.
Depends on your dealer. There are 2 where I live. One will trade. I can get a pretty good deal if I have something he’s looking for. The other will only buy and sell. Ether way it will never hurt to ask.
Mine would let you trade...I trade 1 half for 1 half and so on... More than likely you will need more than $50--most dealers will give about $8-$10 per Silver Dollar and it seems like the old paper money is hard to sell...so they might say I'll give you $XX where you wanted $xxx... Speedy
BTW--I sell and trade to upgrade alot...its fun and also helps to learn the market and also alot about selling coins...its a hobby in itself... Speedy
Not a tax expert, but may be better for you to do a tax-free exchange than strictly buy and sell. Either way, dealer will want to make his spread on the bid and ask prices. Shop around. Willie
