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need help on fair value...thinking bout buying Morgans from a relative
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<p>[QUOTE="stldanceartist, post: 1649268, member: 13307"]Since I'll be going through this at the end of the semester (my grandmother wants me to sell all her coins for her, so I'll have to buy any that aren't just melt value) I thought I'd chime in:</p><p><br /></p><p>I think you have a couple options. Most important is that it's a relative - so anything less than straight up is going to get around to your family, and you'll feel guilty about it. So complete transparency on that front.</p><p><br /></p><p>You could pay them melt for everything...or...</p><p><br /></p><p>You could call around to all your local coin shops, pawn shops, and get quotes. Write these down, and give your relative at LEAST the best offer. It's not time to be taking advantage of him. I feel like with this, you've done your due diligence. He's gotten a better deal than he would anywhere in town. If there are any keys, of course you should factor that in.</p><p><br /></p><p>By buying his coins this way, you're also assuming that they're all real, that they'll all hold their value (what if silver goes down $5/oz this weekend?), and that you'll be able to sell them for him (or yourself.) To me, that risk is why you don't pay full retail for everything.</p><p><br /></p><p>Anything you want to keep, keep. Anything you don't, sell on here or Craigslist. </p><p><br /></p><p>Just my two cents. Probably what I'm going to do for my grandma.[/QUOTE]</p><p><br /></p>
[QUOTE="stldanceartist, post: 1649268, member: 13307"]Since I'll be going through this at the end of the semester (my grandmother wants me to sell all her coins for her, so I'll have to buy any that aren't just melt value) I thought I'd chime in: I think you have a couple options. Most important is that it's a relative - so anything less than straight up is going to get around to your family, and you'll feel guilty about it. So complete transparency on that front. You could pay them melt for everything...or... You could call around to all your local coin shops, pawn shops, and get quotes. Write these down, and give your relative at LEAST the best offer. It's not time to be taking advantage of him. I feel like with this, you've done your due diligence. He's gotten a better deal than he would anywhere in town. If there are any keys, of course you should factor that in. By buying his coins this way, you're also assuming that they're all real, that they'll all hold their value (what if silver goes down $5/oz this weekend?), and that you'll be able to sell them for him (or yourself.) To me, that risk is why you don't pay full retail for everything. Anything you want to keep, keep. Anything you don't, sell on here or Craigslist. Just my two cents. Probably what I'm going to do for my grandma.[/QUOTE]
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need help on fair value...thinking bout buying Morgans from a relative
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