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A heads up - numismatist integrity
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<p>[QUOTE="chip, post: 946539, member: 19122"]It seems that Littleton basically offered him Bullion price for his two coin set, It would be a good profit for him if he bought them at original mint prices. I do not know what those go for, I think Numismedia has them for somewhat more than bullion prices, if they are slabbed it may be different.</p><p><br /></p><p><br /></p><p>Another poster gave his opinion of a fair offer for the set at 1150, but I do not know if that is what he would be willing to buy them for or if that is what he has seen them wholesaling for.</p><p><br /></p><p>So is Littleton lowballing the op? I am sure I do not know, I recently bought a columbus commemorative set from a fellow coin talk member for a small premium above bullion, and showed it to a few of my local dealers who basically buy such things for spot minus 20%, but our local area is really hard hit by the recession, so they may have to rely on selling it to other dealers at wholesale to make a profit.</p><p><br /></p><p>I have seen some crazy high prices for some modern commems, like the Jackie Robinson set. My local dealers do not put much gold out there, so I do not have much to compare prices with.</p><p><br /></p><p>I do know that Littleton does tons of advertising and that might make some of their coins a little pricier to help pay for the marketing. but that seems like a ton of spread, offering a little more than a third of what they sell it for.[/QUOTE]</p><p><br /></p>
[QUOTE="chip, post: 946539, member: 19122"]It seems that Littleton basically offered him Bullion price for his two coin set, It would be a good profit for him if he bought them at original mint prices. I do not know what those go for, I think Numismedia has them for somewhat more than bullion prices, if they are slabbed it may be different. Another poster gave his opinion of a fair offer for the set at 1150, but I do not know if that is what he would be willing to buy them for or if that is what he has seen them wholesaling for. So is Littleton lowballing the op? I am sure I do not know, I recently bought a columbus commemorative set from a fellow coin talk member for a small premium above bullion, and showed it to a few of my local dealers who basically buy such things for spot minus 20%, but our local area is really hard hit by the recession, so they may have to rely on selling it to other dealers at wholesale to make a profit. I have seen some crazy high prices for some modern commems, like the Jackie Robinson set. My local dealers do not put much gold out there, so I do not have much to compare prices with. I do know that Littleton does tons of advertising and that might make some of their coins a little pricier to help pay for the marketing. but that seems like a ton of spread, offering a little more than a third of what they sell it for.[/QUOTE]
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