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<p>[QUOTE="Jaelus, post: 24182982, member: 46237"]I can't speak for you experience with trades, that's great if you've had good results with that.</p><p><br /></p><p>But regarding selling at wholesale prices, don't get caught up in the retail price. It's not accessible to you anyway.</p><p><br /></p><p>If you have common US material, that is very hard to sell at retail and it takes a long time and a lot of work. The best you can do is eBay and you're paying a lot in fees and in time photographing and listing individual items. Time is money. A dealer may be willing to pay wholesale and buy a large quantity of common material all at once because they can just put it in their storefront and wait for a few years for it all to sell. You're getting that money up front.</p><p><br /></p><p>It matters even more when you get into specialized US (varieties) or specialized foreign material, because as a collector you most likely do not have the means available to sell an item like that at a retail price. You don't have access to a broad client base for that material, and you don't have a brick and mortar where people will walk in looking for that material. Even if you consigned it to an auction house (even eBay) you're paying significant fees. So the idea that you can sell a coin at retail yourself is simply not true.</p><p><br /></p><p>Let's say you had a specialty coin that could sell for $1k. If you sold it on eBay assuming you found a buyer at $1k which might take 6-12 months you would net about $840 after fees and shipping costs, and you're taking on a lot of risk. A general dealer in that material might offer you $800 cash in hand on the spot. The extra time and risk in selling it on eBay is not worth the $40 difference here.</p><p><br /></p><p>Even better if you can find a specialist dealer in that material they might be able to offer you $950 cash on the spot because selling that material is faster and less risky for them. They might even have access to a buyer for the coin at $1200 that you don't know about.</p><p><br /></p><p>So don't get caught up on retail pricing. If you're not a dealer you're generally not able to realize those prices anyway. Selling for wholesale and having cash in hand is valuable. That's money you can immediately turn around and put into something else that's making you money.[/QUOTE]</p><p><br /></p>
[QUOTE="Jaelus, post: 24182982, member: 46237"]I can't speak for you experience with trades, that's great if you've had good results with that. But regarding selling at wholesale prices, don't get caught up in the retail price. It's not accessible to you anyway. If you have common US material, that is very hard to sell at retail and it takes a long time and a lot of work. The best you can do is eBay and you're paying a lot in fees and in time photographing and listing individual items. Time is money. A dealer may be willing to pay wholesale and buy a large quantity of common material all at once because they can just put it in their storefront and wait for a few years for it all to sell. You're getting that money up front. It matters even more when you get into specialized US (varieties) or specialized foreign material, because as a collector you most likely do not have the means available to sell an item like that at a retail price. You don't have access to a broad client base for that material, and you don't have a brick and mortar where people will walk in looking for that material. Even if you consigned it to an auction house (even eBay) you're paying significant fees. So the idea that you can sell a coin at retail yourself is simply not true. Let's say you had a specialty coin that could sell for $1k. If you sold it on eBay assuming you found a buyer at $1k which might take 6-12 months you would net about $840 after fees and shipping costs, and you're taking on a lot of risk. A general dealer in that material might offer you $800 cash in hand on the spot. The extra time and risk in selling it on eBay is not worth the $40 difference here. Even better if you can find a specialist dealer in that material they might be able to offer you $950 cash on the spot because selling that material is faster and less risky for them. They might even have access to a buyer for the coin at $1200 that you don't know about. So don't get caught up on retail pricing. If you're not a dealer you're generally not able to realize those prices anyway. Selling for wholesale and having cash in hand is valuable. That's money you can immediately turn around and put into something else that's making you money.[/QUOTE]
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