Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
If a Dealer can sell a coin for $100 what should he pay?
>
Reply to Thread
Message:
<p>[QUOTE="The_Cave_Troll, post: 999143, member: 1674"]Gar,</p><p><br /></p><p>It is pretty clear that you dislike the idea of a dealer making a profit, but your example of the 32-S quarter was a very poor choice of coins if you wanted to test him. Unless it is mint state then there is no good reason to get it certified (assuming the dealer can authenticate it), plus it is a near certainty that he has a few of them in the back. PCGS and NGC have certified more than 7600 of them and the vast majority of those (more than 6000 of them) are graded AU 50 and up. This particular coin is one that comes in to a dealer's shop every week in a Whitman quarter book and he pops it out and puts it into a 2x2 to sell since the grade is almost irrelevant since there is no spread between grades below MS. If he believes the coin is an XF and his potential buyer calls it VF then even if he lowers his price from XF to VF money it is likely that the amount he lowered the price would be less than the cost of his grading fee to get it into an XF holder.</p><p><br /></p><p>If you want to distrust all dealers because you din't have what one particular dealer was interested in that is your perogative, but if you buy on ebay you practically guarantee that you will be burned at some point. Whether you like it or not there is no compensation for the advice of someone who spends all day every day looking at and evaluating coins.[/QUOTE]</p><p><br /></p>
[QUOTE="The_Cave_Troll, post: 999143, member: 1674"]Gar, It is pretty clear that you dislike the idea of a dealer making a profit, but your example of the 32-S quarter was a very poor choice of coins if you wanted to test him. Unless it is mint state then there is no good reason to get it certified (assuming the dealer can authenticate it), plus it is a near certainty that he has a few of them in the back. PCGS and NGC have certified more than 7600 of them and the vast majority of those (more than 6000 of them) are graded AU 50 and up. This particular coin is one that comes in to a dealer's shop every week in a Whitman quarter book and he pops it out and puts it into a 2x2 to sell since the grade is almost irrelevant since there is no spread between grades below MS. If he believes the coin is an XF and his potential buyer calls it VF then even if he lowers his price from XF to VF money it is likely that the amount he lowered the price would be less than the cost of his grading fee to get it into an XF holder. If you want to distrust all dealers because you din't have what one particular dealer was interested in that is your perogative, but if you buy on ebay you practically guarantee that you will be burned at some point. Whether you like it or not there is no compensation for the advice of someone who spends all day every day looking at and evaluating coins.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
If a Dealer can sell a coin for $100 what should he pay?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...