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<p>[QUOTE="Randy Abercrombie, post: 3247743, member: 92655"]I believe what you are doing is a service and I applaud you. Much has been said already about wholesale versus retail price estimates. If you were to add anything to your brief education you are offering while evaluating collections is a clear understanding of the difference. You don't want to lose a friend because you told him his Morgan was valued at twenty-five bucks and he is miffed because the local dealer offered him sixteen.</p><p><br /></p><p>Only reason I say that is because I made this very mistake with a trusted friend. His father had passed and left him with a hoard of walking liberty halves. I inventoried and did a spot silver calculation and give him a very loose value based on spot. It was roughly $8000.00 in silver value alone. The dealer he sold them to did the exact same calculations I did and offered the man $6800.00. My friend called me after the transaction to ask me about the difference. Well, it was obvious to me. The dealer needed to make money on the deal and I failed to think about and mention it up front. I felt pretty bad about that.</p><p><br /></p><p>And I am sorry that my Panthers will have to hurt your feelings next Sunday.[/QUOTE]</p><p><br /></p>
[QUOTE="Randy Abercrombie, post: 3247743, member: 92655"]I believe what you are doing is a service and I applaud you. Much has been said already about wholesale versus retail price estimates. If you were to add anything to your brief education you are offering while evaluating collections is a clear understanding of the difference. You don't want to lose a friend because you told him his Morgan was valued at twenty-five bucks and he is miffed because the local dealer offered him sixteen. Only reason I say that is because I made this very mistake with a trusted friend. His father had passed and left him with a hoard of walking liberty halves. I inventoried and did a spot silver calculation and give him a very loose value based on spot. It was roughly $8000.00 in silver value alone. The dealer he sold them to did the exact same calculations I did and offered the man $6800.00. My friend called me after the transaction to ask me about the difference. Well, it was obvious to me. The dealer needed to make money on the deal and I failed to think about and mention it up front. I felt pretty bad about that. And I am sorry that my Panthers will have to hurt your feelings next Sunday.[/QUOTE]
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Advice on evaluating friend's coins, please.
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