Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Dealer Buys GSA CCs as Common BU CCs Problem?
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 1824502, member: 112"]There is no definitive answer to your question Rusty because everybody you ask that question to is going to have a different definition of "fair". Also, you know as well as I do that price guides are so far from what the coin market considers reality as to be useless. And there are other factors to consider as well. </p><p><br /></p><p>For example, if a given coin in the price range you mention is offered to a dealer and he already has 3 of them in his inventory that have been sitting there for a while, then he is not going to be very interested in buying another one, so his offer would be low. On the other hand, if he has another customer waiting in the wings who would be interested in that specific coin, then his offer would be higher.</p><p><br /></p><p>Then you have another thing to consider, the fact that any given coin in any given grade is not worth a set amount, but instead falls into a price range that can vary by as much as 100% and in some cases several hundred percent. This is because each and every coin is unique even when graded exactly the same as another one. In other words, not all MS64's are equal, and you can substitute any and all grades in place of MS64.</p><p><br /></p><p>But, for the sake of argument let's assume that the coin in question is average for the grade and that there is nothing exceptional about it. And let's assume that the dealer has at least a passing interest in the coin at that particular time. If those things were true then I myself would expect the dealer to offer anywhere from 10%-20% less than Grey Sheet Bid for the coin. And I would consider that a "fair" offer.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1824502, member: 112"]There is no definitive answer to your question Rusty because everybody you ask that question to is going to have a different definition of "fair". Also, you know as well as I do that price guides are so far from what the coin market considers reality as to be useless. And there are other factors to consider as well. For example, if a given coin in the price range you mention is offered to a dealer and he already has 3 of them in his inventory that have been sitting there for a while, then he is not going to be very interested in buying another one, so his offer would be low. On the other hand, if he has another customer waiting in the wings who would be interested in that specific coin, then his offer would be higher. Then you have another thing to consider, the fact that any given coin in any given grade is not worth a set amount, but instead falls into a price range that can vary by as much as 100% and in some cases several hundred percent. This is because each and every coin is unique even when graded exactly the same as another one. In other words, not all MS64's are equal, and you can substitute any and all grades in place of MS64. But, for the sake of argument let's assume that the coin in question is average for the grade and that there is nothing exceptional about it. And let's assume that the dealer has at least a passing interest in the coin at that particular time. If those things were true then I myself would expect the dealer to offer anywhere from 10%-20% less than Grey Sheet Bid for the coin. And I would consider that a "fair" offer.[/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
>
US Coins Forum
>
Dealer Buys GSA CCs as Common BU CCs Problem?
>
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...