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Advice on evaluating friend's coins, please.
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<p>[QUOTE="Valentinian, post: 3247553, member: 44316"][USER=78468]@Browns Fan[/USER] , there are two types of prices--the price to buy and the price to sell. Most people with coins they don't know about are more interested in the latter. People who find prices for similar coins are often severely disappointed when they sell them, or try to sell them without luck. You need to decide which type of price you are going to communicate to your friends. If you have never actually sold coins you may be surprised when you do. Most people are. Go to a big show and offer a "$150" coin to dealers. You might not get any offers. If you do, they might be very low compared to what you expect. So, it is hard to tell a friend that, yes, to buy it would cost X but to sell the whole batch you will only get Y, a fraction of X that could easily be only 25% of X unless the coins are really special.[/QUOTE]</p><p><br /></p>
[QUOTE="Valentinian, post: 3247553, member: 44316"][USER=78468]@Browns Fan[/USER] , there are two types of prices--the price to buy and the price to sell. Most people with coins they don't know about are more interested in the latter. People who find prices for similar coins are often severely disappointed when they sell them, or try to sell them without luck. You need to decide which type of price you are going to communicate to your friends. If you have never actually sold coins you may be surprised when you do. Most people are. Go to a big show and offer a "$150" coin to dealers. You might not get any offers. If you do, they might be very low compared to what you expect. So, it is hard to tell a friend that, yes, to buy it would cost X but to sell the whole batch you will only get Y, a fraction of X that could easily be only 25% of X unless the coins are really special.[/QUOTE]
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Coin Talk
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What's it Worth
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Advice on evaluating friend's coins, please.
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