Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Couldn't believe the fee....
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 1027174, member: 112"]That right there is the issue. What do you consider a fair price ?</p><p><br /></p><p>Probably 999 collectors out of 1,000 will answer that their idea of a fair price is full retail value. In other words if a given coin is selling on ebay, or in a dealer's shop for $56 then their idea of a fair price for that coin is $56.</p><p><br /></p><p>Well it isn't. And that's the hump you have to get over.</p><p><br /></p><p>Think about it for a minute - if somebody is selling a coin for $56 do you think for one second that they paid $56 for that coin ? </p><p><br /></p><p>You see, that's it. Here you are looking for someone to pay you a fair price. But in order to pay that fair price, they have to pay <u>less</u> than that coin is currently selling for. But how much less ? The average dealer is going to look to buy at 20% less than what the coin is selling for. He has to do that just to cover his overhead and show a small profit.</p><p><br /></p><p>On ebay, if you sell there, they are going to charge you about 12-15% by the time all the fees are paid. Is that that much less than the dealer offers ? Especially considering the time and effort you have to put into the ebay sale vs just walking into a dealer's shop and having it over with in 5 minutes ?</p><p><br /></p><p>What I'm trying to tell you is that what dealers offer <b>IS</b> a fair price. But people doing the selling just can't see that because they are too hung up that full retail value number. </p><p><br /></p><p>Full retail value is <u>not</u> what your coins are worth ! Your coins are worth what the average dealer is willing to pay you for them.</p><p><br /></p><p>It takes a long time for folks to realize that.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1027174, member: 112"]That right there is the issue. What do you consider a fair price ? Probably 999 collectors out of 1,000 will answer that their idea of a fair price is full retail value. In other words if a given coin is selling on ebay, or in a dealer's shop for $56 then their idea of a fair price for that coin is $56. Well it isn't. And that's the hump you have to get over. Think about it for a minute - if somebody is selling a coin for $56 do you think for one second that they paid $56 for that coin ? You see, that's it. Here you are looking for someone to pay you a fair price. But in order to pay that fair price, they have to pay [U]less[/U] than that coin is currently selling for. But how much less ? The average dealer is going to look to buy at 20% less than what the coin is selling for. He has to do that just to cover his overhead and show a small profit. On ebay, if you sell there, they are going to charge you about 12-15% by the time all the fees are paid. Is that that much less than the dealer offers ? Especially considering the time and effort you have to put into the ebay sale vs just walking into a dealer's shop and having it over with in 5 minutes ? What I'm trying to tell you is that what dealers offer [B]IS[/B] a fair price. But people doing the selling just can't see that because they are too hung up that full retail value number. Full retail value is [U]not[/U] what your coins are worth ! Your coins are worth what the average dealer is willing to pay you for them. It takes a long time for folks to realize that.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Couldn't believe the fee....
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...