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Have your collecting/investment goals changed in the last couple of years ?
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<p>[QUOTE="Whendric, post: 13768090, member: 143854"]Sure in a perfect world, "should, would, could" would make perfect sense but I'm just relaying my personal real world experience. I have two local LCS's in my area, not counting, pay day lenders, "we buy gold" shops and jewelers. I've dealt with both for years. I've sold many Saints and libs graded either MS63-64.</p><p><br /></p><p>Sure the discussion always start with greysheet bid/ask but then they complain about the knee, the nose and the torch and try to undercut the offer by $30-$50 dollars. They hone in on some imperfection that would legitimately cause the coin to grade the grade it did but they would always complain. I've never had a straight up transaction.</p><p><br /></p><p>For fun, a couple times, I took coins to shops in the next town over to see what would happen and got the same "cry me a river" song and dance. Compare that to selling eagles and buffalos, nobody seems to care, it's always spot+2-3% or spot plus a couple dollars. Selling graded numismatics has always been similar to selling a used car.</p><p><br /></p><p>Maybe my shops are a little shady, maybe its a tough economy, maybe brick and mortar expenses are killing them, I don't know. I appreciate your hypotheticals but depending on how old your kids are, maybe send them in to a store with a saint and a lib and see what story they come back with. If they are to young, send in the wife but that might be worse, the LCS's might just see blood in the water in that case and go in for the kill.</p><p><br /></p><p>I sent my wife in once, a year or so ago, and they low balled her $80 below the bid/ask price. Needless to say, she just smiled and walked out. True story.</p><p><br /></p><p>Before she did though, she gave them a Marisa Tomei "Cousin Vinnie" talking to. "Well you know, for this particular year, the strike was particularly weak and the OF on the reverse is nice and crisp. Also, that die clash there next to the rim, that doesn't distract from the value it enhances it, so while you can think you can low ball me, if I took your offer, I know that you could flip this coin for a good $350 profit. No thanks."[/QUOTE]</p><p><br /></p>
[QUOTE="Whendric, post: 13768090, member: 143854"]Sure in a perfect world, "should, would, could" would make perfect sense but I'm just relaying my personal real world experience. I have two local LCS's in my area, not counting, pay day lenders, "we buy gold" shops and jewelers. I've dealt with both for years. I've sold many Saints and libs graded either MS63-64. Sure the discussion always start with greysheet bid/ask but then they complain about the knee, the nose and the torch and try to undercut the offer by $30-$50 dollars. They hone in on some imperfection that would legitimately cause the coin to grade the grade it did but they would always complain. I've never had a straight up transaction. For fun, a couple times, I took coins to shops in the next town over to see what would happen and got the same "cry me a river" song and dance. Compare that to selling eagles and buffalos, nobody seems to care, it's always spot+2-3% or spot plus a couple dollars. Selling graded numismatics has always been similar to selling a used car. Maybe my shops are a little shady, maybe its a tough economy, maybe brick and mortar expenses are killing them, I don't know. I appreciate your hypotheticals but depending on how old your kids are, maybe send them in to a store with a saint and a lib and see what story they come back with. If they are to young, send in the wife but that might be worse, the LCS's might just see blood in the water in that case and go in for the kill. I sent my wife in once, a year or so ago, and they low balled her $80 below the bid/ask price. Needless to say, she just smiled and walked out. True story. Before she did though, she gave them a Marisa Tomei "Cousin Vinnie" talking to. "Well you know, for this particular year, the strike was particularly weak and the OF on the reverse is nice and crisp. Also, that die clash there next to the rim, that doesn't distract from the value it enhances it, so while you can think you can low ball me, if I took your offer, I know that you could flip this coin for a good $350 profit. No thanks."[/QUOTE]
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Have your collecting/investment goals changed in the last couple of years ?
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