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="Soft Coins, post: 1827188, member: 58248"]That last example I would say is atypical unless the coins were high end, high demand coins for a dealer to offer you around GS bid, in some cases they would be losing money, really in many cases they would and with the 9% plus ebay fees they would have to buy NGC/PCGS certified no problem coins a little behind bid, if the grades can be looked up in GS, not MS61 coins, etc., which are not listed except in Bluesheet. The dealers I have generally come across buy considerably behind bid for most all coins, buying type gold coins at their melt price, etc., even if certified with whatever argument they want to make, the market is weak, the coin has spots or toning or doesn't have enough eye appeal, is overgraded, etc.. And many of them advertise in print, tv and elsewhere that they are the top buyers. None of this is illegal, but frankly many sellers do not know how to look up the value of what they have.[/QUOTE]</p><p><br /></p>
[QUOTE="Soft Coins, post: 1827188, member: 58248"]That last example I would say is atypical unless the coins were high end, high demand coins for a dealer to offer you around GS bid, in some cases they would be losing money, really in many cases they would and with the 9% plus ebay fees they would have to buy NGC/PCGS certified no problem coins a little behind bid, if the grades can be looked up in GS, not MS61 coins, etc., which are not listed except in Bluesheet. The dealers I have generally come across buy considerably behind bid for most all coins, buying type gold coins at their melt price, etc., even if certified with whatever argument they want to make, the market is weak, the coin has spots or toning or doesn't have enough eye appeal, is overgraded, etc.. And many of them advertise in print, tv and elsewhere that they are the top buyers. None of this is illegal, but frankly many sellers do not know how to look up the value of what they have.[/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...