Log in or Sign up
Coin Talk
Home
Forums
>
CoinTalk
>
What's it Worth
>
Discussion, rather than a question: Buying just to re-sell?
>
Reply to Thread
Message:
<p>[QUOTE="ccarroll, post: 2262909, member: 34167"]I know most of the posts here are along the lines of "What is the retail worth of this coin I have?" But I'm brooding over a question that I thought some of you might want to chime in on.</p><p><br /></p><p>I'd like to sell a few coins that had been my grandfather's - for example, a 1911 Indian head $5 piece. I felt like I was getting low-balled by dealers, tantamount to price-fixing, so I thought I'd look around for coin clubs and collectors instead. But I was just meeting with a collector who in fact was offering me <b><u>less</u></b> than what dealers were offering. Now, a retail dealer has not only to make a living, but also has to pay overhead, so obviously he needs a profit. But it turns out that this collector I was talking to - all he's planning on doing was buying to re-sell and was expecting the same profit, or more.</p><p><br /></p><p>Anyway, I'm feeling grumpy and disillusioned. Do many of you buy mostly only with the idea of immediately re-selling? Do you buy because you love to collect, or because you're focused on making a profit? Seems to me there's a difference between what a coin is worth "objectively" vs. what it's worth to someone just looking to make a fast buck.</p><p><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie41" alt=":depressed:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="ccarroll, post: 2262909, member: 34167"]I know most of the posts here are along the lines of "What is the retail worth of this coin I have?" But I'm brooding over a question that I thought some of you might want to chime in on. I'd like to sell a few coins that had been my grandfather's - for example, a 1911 Indian head $5 piece. I felt like I was getting low-balled by dealers, tantamount to price-fixing, so I thought I'd look around for coin clubs and collectors instead. But I was just meeting with a collector who in fact was offering me [B][U]less[/U][/B] than what dealers were offering. Now, a retail dealer has not only to make a living, but also has to pay overhead, so obviously he needs a profit. But it turns out that this collector I was talking to - all he's planning on doing was buying to re-sell and was expecting the same profit, or more. Anyway, I'm feeling grumpy and disillusioned. Do many of you buy mostly only with the idea of immediately re-selling? Do you buy because you love to collect, or because you're focused on making a profit? Seems to me there's a difference between what a coin is worth "objectively" vs. what it's worth to someone just looking to make a fast buck. :depressed:[/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
>
CoinTalk
>
What's it Worth
>
Discussion, rather than a question: Buying just to re-sell?
>
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...