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Coin Show Finds 2 RR denarii and eye candy - Antoninus Pius / The Judgment of Paris
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<p>[QUOTE="akeady, post: 7394101, member: 83175"]The problem I have with your calculations is that you're quoting the profit as a percentage of the selling price, not the purchase price. That would be a profit margin, while I'm referring to a markup or a profit percentage.</p><p><br /></p><p>I factored in everything.</p><p><br /></p><p>The hammer price plus 19.5% is £11,651.25. At today's XE exchange rate, that's $15,968.14.</p><p><br /></p><p>Assuming it sells for $29750, that's 86.3% profit.</p><p><br /></p><p>I didn;t mean you personally about the coin - I should have said "if one missed it".</p><p><br /></p><p>As to the price itself - the CNG example from Triton XXI sold for $32500 plus fees, though it has a different obverse with a bare head and doesn't have holes.</p><p>Maybe the Naville price was a bargain and it's worth nearly twice as much - as with all coins, there's nothing forcing us to to buy them at the quoted or any price. It looks like Nilus have some wiggle room on price and can still make a big profit <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>ATB,</p><p>Aidan.[/QUOTE]</p><p><br /></p>
[QUOTE="akeady, post: 7394101, member: 83175"]The problem I have with your calculations is that you're quoting the profit as a percentage of the selling price, not the purchase price. That would be a profit margin, while I'm referring to a markup or a profit percentage. I factored in everything. The hammer price plus 19.5% is £11,651.25. At today's XE exchange rate, that's $15,968.14. Assuming it sells for $29750, that's 86.3% profit. I didn;t mean you personally about the coin - I should have said "if one missed it". As to the price itself - the CNG example from Triton XXI sold for $32500 plus fees, though it has a different obverse with a bare head and doesn't have holes. Maybe the Naville price was a bargain and it's worth nearly twice as much - as with all coins, there's nothing forcing us to to buy them at the quoted or any price. It looks like Nilus have some wiggle room on price and can still make a big profit :D ATB, Aidan.[/QUOTE]
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Coin Show Finds 2 RR denarii and eye candy - Antoninus Pius / The Judgment of Paris
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