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<p>[QUOTE="-jeffB, post: 2658971, member: 27832"]As others have said, dealers <i>must</i> offer you less than they expect to <i>sell</i> the coin for, or else they can't stay in business.</p><p><br /></p><p>The Red Book gives some idea of <i>relative</i> value, but its prices are almost always high. You'll never get that much for your coins, and if you <i>pay</i> that much, you've probably been had. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>For slabbed coins, you can use completed auction results to see how much equal-grade coins have sold for. There are caveats with that, too, though:</p><p><br /></p><p>* Not all coins are equal, even if they have the same grade from the same company. Better coins can always get more money.</p><p><br /></p><p>* When you sell at auction, the auction house gets a cut. On eBay, the buyer pays the listed closing price, and the seller is charged a fee of up to 10%; at other auction houses, the buyer pays the listed closing price plus a "buyer's premium", and the seller may or may not be charged a fee as well. These fees can easily add up to 20% or more of the closing price.</p><p><br /></p><p>One closing thought: Dealers are often <i>ecstatic</i> to see sellers who are new to the hobby, or not interested in the hobby, because those sellers end up providing the best deals <i>for the dealer</i> -- in other words, selling coins for much less than they should. Don't be eager to leap into that role. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2658971, member: 27832"]As others have said, dealers [I]must[/I] offer you less than they expect to [I]sell[/I] the coin for, or else they can't stay in business. The Red Book gives some idea of [I]relative[/I] value, but its prices are almost always high. You'll never get that much for your coins, and if you [I]pay[/I] that much, you've probably been had. :) For slabbed coins, you can use completed auction results to see how much equal-grade coins have sold for. There are caveats with that, too, though: * Not all coins are equal, even if they have the same grade from the same company. Better coins can always get more money. * When you sell at auction, the auction house gets a cut. On eBay, the buyer pays the listed closing price, and the seller is charged a fee of up to 10%; at other auction houses, the buyer pays the listed closing price plus a "buyer's premium", and the seller may or may not be charged a fee as well. These fees can easily add up to 20% or more of the closing price. One closing thought: Dealers are often [I]ecstatic[/I] to see sellers who are new to the hobby, or not interested in the hobby, because those sellers end up providing the best deals [I]for the dealer[/I] -- in other words, selling coins for much less than they should. Don't be eager to leap into that role. :)[/QUOTE]
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