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Fair dealer offer for a roll of Morgans
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<p>[QUOTE="NorthKorea, post: 1721490, member: 29643"]The key to all of this is the anticipated grade aspect of it all. If most of the roll(s) have MS64 coins, that means you'll see something like an average of 17-18 MS64 and 2-3 MS63/MS62 in the average roll. One out of 15-20 rolls might have an MS65 coin. Remember, the coins are distributed on a weighted curve based by grade. What I mean is the bell curve would have a MS62/MS63 midpoint. The MS64 roll is weighted on the MS63/64 end of the curve, but distribution would still be heavily weighted AGAINST having a coin grade higher than MS64.</p><p><br /></p><p>That means 85% of the roll will be MS64 and 15% will be worse, in the average case.</p><p><br /></p><p>Even if the dealer gets $60 per MS64 coin, they'd probably get $40 or less for coins lower than that. That means they're expecting a final sales value of $1140 per roll. This assumes the dealer takes the time to sell each coin individually. They *might* just leave it as a roll and sell the roll for $1100 to someone else.</p><p><br /></p><p>The point is that paying $1000 for something that you expect to sell for $1100-$1140 is more than fair. A coin dealer locally offered a woman that I met face value on Hawaii overprint notes. The notes would grade between and 8-12 on average. He also offered $900 for two rolls of Morgans + $8 or so in mixed Barbers and Walkers. So, yes, you could do a lot worse than getting 88-91% of retail.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 1721490, member: 29643"]The key to all of this is the anticipated grade aspect of it all. If most of the roll(s) have MS64 coins, that means you'll see something like an average of 17-18 MS64 and 2-3 MS63/MS62 in the average roll. One out of 15-20 rolls might have an MS65 coin. Remember, the coins are distributed on a weighted curve based by grade. What I mean is the bell curve would have a MS62/MS63 midpoint. The MS64 roll is weighted on the MS63/64 end of the curve, but distribution would still be heavily weighted AGAINST having a coin grade higher than MS64. That means 85% of the roll will be MS64 and 15% will be worse, in the average case. Even if the dealer gets $60 per MS64 coin, they'd probably get $40 or less for coins lower than that. That means they're expecting a final sales value of $1140 per roll. This assumes the dealer takes the time to sell each coin individually. They *might* just leave it as a roll and sell the roll for $1100 to someone else. The point is that paying $1000 for something that you expect to sell for $1100-$1140 is more than fair. A coin dealer locally offered a woman that I met face value on Hawaii overprint notes. The notes would grade between and 8-12 on average. He also offered $900 for two rolls of Morgans + $8 or so in mixed Barbers and Walkers. So, yes, you could do a lot worse than getting 88-91% of retail.[/QUOTE]
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Fair dealer offer for a roll of Morgans
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