I have an 1965 and 1967 half dollars. would like to know what ya'll would grade them. I had a dealer wanting to buy them, but I don't know how much they would be worth, don't want to get ripped off. Thanks for any help. Cheryl, the top reverse belong to the 1965 half dollar.
I think that the value of these coins is the metal content. So I would say that the dealer would give about $2.30 each. Spot is $2.70 each. :kewl:
thank you. can you or anyone can answer this, why would they sell them for $15.00 or more if they will buy for only $2.30? Cheryl, I don't sell my coins so I don't know.
Cheryl the reason they do this is simple, dealers need to make a certain amount of profit on every sale they make. On low dollar items like this it still takes just as long to to make the sale as it does for a high dollar item. And the dealer's time is worth money. So make it worth his while, he has to charge way more for an item than what he pays for it. On higher dollar items, he makes his profit on the spread. The spread is the difference between what a deaer pays and what he sells for - that's typically anywhere from 20% - 40%. For example, if an item is worth $100 wholesale a dealer will pay $80 for it and he will try to sell it for $120. 20% under for buying and 20% over for selling. That's the spread. So if it takes him an hour to buy the coin he needs to make $20 off that for his time. And when he sells it, it takes another hour so he needs to make another $20. But on an item that is only worth $15, how does he make up for the cost of his time ? He buys very cheap and sells very high. Hopefully that is a better explanation.
I understand now. I am not selling my coins now. but before I do I need to read the rest of your posting on collecting and selling. Thank you for you time and help. Cheryl
