I purchased these for resale, but I am having buyers remorse and think that I paid to much and won't even get my money back. What do you think. http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=110505109969&ssPageName=STRK:MEWNX:IT BTW it is the same coins from this thread except without the 1909-s, 1931-s and 1955 d/d http://www.cointalk.com/t96750/
Including postage you paid approx 0.32 each which is really high unless some are sort of on the expensive side. And unless some are decent condition, you'll never get your money back. HOWEVER, you could do as everyone else does and put them on ebay and say I know nothing about coins, just found these in my socks drawer, all are unsearched Wheat cents. :goofer:
Sad to say, I agree with you - it looks you over paid. But, you wont know for sure until they are in hand. Here's hoping for a couple of nice ones!
I took a look at the auction. First off, whenever buying for resale, do not expect an immediate turn around. You now have inventory, and should expect to hold on to it for a bit if you want to maximize your profits. However, you bought these sight-unseen, which makes it quite the gamble. Now, assuming that these coins are actually problem free (a big assumption since you did not even have photos of the reverse), then you should be able to realize greater than a 50% profit. That 24D may wholesale for up to $30 alone, depending on what the reverse is like and whether some of that discoloration is porous. That 22D may wholesale as high as $10. Again, there are the same stipulations with the reverse and its condition. The 12D has problems, but should still wholesale for a few dollars, and the 11Ds may be as high as $7 and $18, depending on the reverse and any problems found in-hand. The 10S may bring up to $10, and the 09's a few bucks. The VDB would wholesale about $10. So, you're looking at a wholesale matching your buy/shipped price already. And there are a number of coins that wholesale 20 cents or more in the lot. If you are expecting a profit, you have to be patient and watch out for venue and money processing fees. And, again, seeing problems in-hand and the reverse conditions will play a key in your values as well. Good luck!
I do not think you got any super bargain, but from what I make of it, you got your money's worth. However, I am not sure that means you can sell it at a profit - at least after you pay your fees. The two coins that will make/break that are the 1911-D and the 1922-D (weak "D"?). I am still not sure what that 11-D goes for. VF (worse than yours for sure) sold for $35 and gets no offers at $25, but XF (like yours) went for $35 and lists for $45.
My gut instinct is, maybe you paid a shade high. Why not ask him if he can send some of that nice barnboard he's got on that listing.
He emailed me and told me he was going to throw in some bonus coins. That may help. I will post some pictures after I get them.
