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<p>[QUOTE="Fropa, post: 196379, member: 837"]After 40 years of collecting I've got my first chance to buy part or all of another persons coins. I'm looking for advice from those of you that have experience making offers to people looking to sell. My initial thought about making the offer fair to both parties is if the seller makes more than he would selling to a dealer and the buyer pays less than he would buying from a dealer. </p><p><br /></p><p>The seller is an elderly gentleman so my guess is that most of the coins he has pulled from circulation over the years and kept in jars/tins. I ordered a set of Greysheets and hope they will be here before I go to look at the coins. My understanding was that the bid price is what a dealer would pay another dealer for a coin, but I've been reading here that people at shows can buy coins at the bid price so I would guess the dealer must have paid less than bid for the coins. When your making an offer do you offer bid, a percentage below bid, or somewhere between bid and ask? My wife only remembers him mentioning having Indian and Wheat cents. I'm guessing most will be common dates in AG-VG condition. Is there such a thing as "Junk Copper" boxes, and if so what is an average for a dealer to sell them for? If he has some low grade common silver what is a fair amount below melt to pay to be fair to him but still be able to make a profit if I can sell to buy other coins I need? </p><p><br /></p><p>I guess all this boils down to me asking how to figure an offer that is not so high that I make it not worth the effort to me and not so low that I become the "jerk" ripping-off people for their coins?</p><p><br /></p><p>I really appreciate any help you can give me.[/QUOTE]</p><p><br /></p>
[QUOTE="Fropa, post: 196379, member: 837"]After 40 years of collecting I've got my first chance to buy part or all of another persons coins. I'm looking for advice from those of you that have experience making offers to people looking to sell. My initial thought about making the offer fair to both parties is if the seller makes more than he would selling to a dealer and the buyer pays less than he would buying from a dealer. The seller is an elderly gentleman so my guess is that most of the coins he has pulled from circulation over the years and kept in jars/tins. I ordered a set of Greysheets and hope they will be here before I go to look at the coins. My understanding was that the bid price is what a dealer would pay another dealer for a coin, but I've been reading here that people at shows can buy coins at the bid price so I would guess the dealer must have paid less than bid for the coins. When your making an offer do you offer bid, a percentage below bid, or somewhere between bid and ask? My wife only remembers him mentioning having Indian and Wheat cents. I'm guessing most will be common dates in AG-VG condition. Is there such a thing as "Junk Copper" boxes, and if so what is an average for a dealer to sell them for? If he has some low grade common silver what is a fair amount below melt to pay to be fair to him but still be able to make a profit if I can sell to buy other coins I need? I guess all this boils down to me asking how to figure an offer that is not so high that I make it not worth the effort to me and not so low that I become the "jerk" ripping-off people for their coins? I really appreciate any help you can give me.[/QUOTE]
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I need advice on making an offer
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