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Does anyone know where to buy ancient coins at wholesale prices?
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<p>[QUOTE="dougsmit, post: 1938492, member: 19463"]Wholesale means buying a group as a large lot. If you sell your 1000 coin collection to a dealer for $25,000, that is wholesale at $25 a coin average. Very rarely we see a collection sold as a group by a dealer. More often groups are things that someone did not figure were worth the effort to sell individually. A bag that contains $25 worth of coins is not wholesale. It may not have over one coin. One of our members has had luck buying so called large lots at the end of major auctions but I still believe that beginners would be better served buying coins they selected for being of some appeal to them rather than random groups. The main reason to buy uncleaned 'bag' lots is to have the fun of cleaning and identifying them. It is not the way to form a collection. </p><p><br /></p><p>A general question: How many would be willing to send a dealer (preferably someone you trust and have dealt with before) an amount of money (lets say $500) if he agreed to send you coins totaling $1000 that he had been unable to sell? How about $1000 total of coins randomly selected from his stock? I suspect those who would be interested in such a deal might have resale in mind but most of us (collectors) want to pick and choose (or do we?). If not half price, what discount would it take to interest you?[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1938492, member: 19463"]Wholesale means buying a group as a large lot. If you sell your 1000 coin collection to a dealer for $25,000, that is wholesale at $25 a coin average. Very rarely we see a collection sold as a group by a dealer. More often groups are things that someone did not figure were worth the effort to sell individually. A bag that contains $25 worth of coins is not wholesale. It may not have over one coin. One of our members has had luck buying so called large lots at the end of major auctions but I still believe that beginners would be better served buying coins they selected for being of some appeal to them rather than random groups. The main reason to buy uncleaned 'bag' lots is to have the fun of cleaning and identifying them. It is not the way to form a collection. A general question: How many would be willing to send a dealer (preferably someone you trust and have dealt with before) an amount of money (lets say $500) if he agreed to send you coins totaling $1000 that he had been unable to sell? How about $1000 total of coins randomly selected from his stock? I suspect those who would be interested in such a deal might have resale in mind but most of us (collectors) want to pick and choose (or do we?). If not half price, what discount would it take to interest you?[/QUOTE]
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Does anyone know where to buy ancient coins at wholesale prices?
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