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Advice about 1907 $10 Indian.
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<p>[QUOTE="CamaroDMD, post: 1573481, member: 5233"]I don't see what is wrong with offering him $600 for it...now, if you told him it was only worth $600 then that's a little different. Look, if I was in this situation here is how I would approach it. I would first examine the coin and determine it's authenticity and value. Lets say it's only worth melt. I would tell him, the coin has no value above it's gold value which is $834. If you shopped around a few dealers and did some leg work...you could probably sell the coin for 90-95% of that depending on the dealer (which would be $750-$790 aprox). Because face it, a dealer is not going to pay the full melt value. </p><p><br /></p><p>I would then say, I have $600 cash in my pocket right now. I would buy it from you for $600 cash and you wouldn't have to track down any dealers and do any work.</p><p><br /></p><p>That is not ripping someone off. There is a certain value to the convenience of this situation. If the owner really doesn't want to track down dealers and try and squeeze as much as he can out of the coin (and remember...that takes both time and gas money to do)...that is his choice. As long as the person who is trying to buy the coin doesn't deceive the seller...then there is nothing wrong with this.</p><p><br /></p><p>Now, I'm sure some will disagree with me. But, that's OK.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1573481, member: 5233"]I don't see what is wrong with offering him $600 for it...now, if you told him it was only worth $600 then that's a little different. Look, if I was in this situation here is how I would approach it. I would first examine the coin and determine it's authenticity and value. Lets say it's only worth melt. I would tell him, the coin has no value above it's gold value which is $834. If you shopped around a few dealers and did some leg work...you could probably sell the coin for 90-95% of that depending on the dealer (which would be $750-$790 aprox). Because face it, a dealer is not going to pay the full melt value. I would then say, I have $600 cash in my pocket right now. I would buy it from you for $600 cash and you wouldn't have to track down any dealers and do any work. That is not ripping someone off. There is a certain value to the convenience of this situation. If the owner really doesn't want to track down dealers and try and squeeze as much as he can out of the coin (and remember...that takes both time and gas money to do)...that is his choice. As long as the person who is trying to buy the coin doesn't deceive the seller...then there is nothing wrong with this. Now, I'm sure some will disagree with me. But, that's OK.[/QUOTE]
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Advice about 1907 $10 Indian.
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