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<p>[QUOTE="cpm9ball, post: 1752958, member: 24633"]Matt's discussion yesterday on the wholesale side of the coin business encouraged me to start this thread. I didn't want to post this to his thread because it may have led his discussion in another direction.</p><p> </p><p>Last week, I attended the Summer FUN Show in Orlando on Thursday. I took 18 certified CC-Morgans with me to sell because I needed the cash. I hated to do it, but it was necessary. I could have taken any of the other 135 non-CC certified Morgans that I have in my collection, but I didn't feel that they would be easier to sell close to the prices I wanted. With the exception of an 1891-CC in an old ANACS EF45, all of the others were MS in either NGC or PCGS slabs, and most of these were common-date 82-84. I didn't have a current Greysheet to price them, so I used the Numismedia prices listed on NGC, and I figured that if I was offered somewhere near 70%, I would be doing okay.</p><p> </p><p>My first stop was at the NGC table to take care of a submission. While there, I noticed that the dealer across the aisle had a large "WE PAY CASH FOR COINS" sign, and he had a full case of Morgans. After concluding my business with NGC, I asked if he would be interested in the CC's, and he immediately started going through them with his Greysheet. I pointed out that the values for three of them, an 1882-CC NGC MS63 VAM-2C, an 1883-CC NGC MS65 toner (my avatar) and an 1885-CC PCGS MS65 VAM-4 would be considerably higher than the prices listed in the Greysheet. I told the dealer that I wanted to get about $8,700 for all 18, and he countered that the prices for these three would be a "deal-breaker" for him. So, I asked him to refigure his offer excluding those three since these were my favorite CC's, anyway.</p><p> </p><p>I think what surprised me the most is that he didn't even bother to examine any of them with a loupe. Instead, he simply relied on the grades on the slabs. I would guess that if I had only a few, he might have tried to knock the prices down a bit after examining them. Anyway, his offer for the 15 was $5,150 which was 72% of what I hoped to get for them. Sure, I could have shopped them around a little more, but if I had to spend 30-45 minutes at each table, it would have taken the entire day. Besides, <b><i>A bird in the hand is worth two in the bush!</i></b> Sold!</p><p> </p><p>My purpose for starting this thread is to let some of you know that selling common material like the proof and mint sets mentioned by Matt is a totally different ballgame when compared to a series like CC Morgans or any other similar denomination that will always be in demand. So, if any of you would like to share a similar story on another series or just comment on my story, your input is welcome.</p><p> </p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="cpm9ball, post: 1752958, member: 24633"]Matt's discussion yesterday on the wholesale side of the coin business encouraged me to start this thread. I didn't want to post this to his thread because it may have led his discussion in another direction. Last week, I attended the Summer FUN Show in Orlando on Thursday. I took 18 certified CC-Morgans with me to sell because I needed the cash. I hated to do it, but it was necessary. I could have taken any of the other 135 non-CC certified Morgans that I have in my collection, but I didn't feel that they would be easier to sell close to the prices I wanted. With the exception of an 1891-CC in an old ANACS EF45, all of the others were MS in either NGC or PCGS slabs, and most of these were common-date 82-84. I didn't have a current Greysheet to price them, so I used the Numismedia prices listed on NGC, and I figured that if I was offered somewhere near 70%, I would be doing okay. My first stop was at the NGC table to take care of a submission. While there, I noticed that the dealer across the aisle had a large "WE PAY CASH FOR COINS" sign, and he had a full case of Morgans. After concluding my business with NGC, I asked if he would be interested in the CC's, and he immediately started going through them with his Greysheet. I pointed out that the values for three of them, an 1882-CC NGC MS63 VAM-2C, an 1883-CC NGC MS65 toner (my avatar) and an 1885-CC PCGS MS65 VAM-4 would be considerably higher than the prices listed in the Greysheet. I told the dealer that I wanted to get about $8,700 for all 18, and he countered that the prices for these three would be a "deal-breaker" for him. So, I asked him to refigure his offer excluding those three since these were my favorite CC's, anyway. I think what surprised me the most is that he didn't even bother to examine any of them with a loupe. Instead, he simply relied on the grades on the slabs. I would guess that if I had only a few, he might have tried to knock the prices down a bit after examining them. Anyway, his offer for the 15 was $5,150 which was 72% of what I hoped to get for them. Sure, I could have shopped them around a little more, but if I had to spend 30-45 minutes at each table, it would have taken the entire day. Besides, [B][I]A bird in the hand is worth two in the bush![/I][/B] Sold! My purpose for starting this thread is to let some of you know that selling common material like the proof and mint sets mentioned by Matt is a totally different ballgame when compared to a series like CC Morgans or any other similar denomination that will always be in demand. So, if any of you would like to share a similar story on another series or just comment on my story, your input is welcome. Chris[/QUOTE]
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