Need Help Putting Together a Price

Discussion in 'Coin Chat' started by jaceravone, Jan 18, 2009.

  1. andrew289

    andrew289 Senior Analyst

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  3. green18

    green18 Unknown member Sweet on Commemorative Coins

  4. The_Cave_Troll

    The_Cave_Troll The Coin Troll

    $30 maybe, $50, I doubt it. That said, that (40-50% profit) seems about right for such low value coins. The profit per hour of work involved in buying and selling that type of material is just so low.
     
  5. mralexanderb

    mralexanderb Coin Collector

    Funny story, Joe.

    Bruce
     
  6. covert coins

    covert coins Coin Hoarder

    Makes me want to go your inlaws Joe and use the washroom.. LOL
     
  7. bama guy

    bama guy Coin Hoarder

    I stopped by the little antique shop that I had bought some silver dollars from and purchased the remainder of their hoard. Being the nice guy I am , I offered her $11 each for 19 nice silver dollar (4 were 1993 silver eagles) ---$4.50 for 23 well circulated walkers.

    The lady said she thought that was to much and threw in all the assorted coins she had including a 1965 sms and assorted itmes someone had purchased from littleton. I would estimate their value at a conservative $70. I felt that I probably came out ahead in the deal but she was happy to get rid of the stuff. She also promised that I would be the first one she called when and if they received any more coins. :)

    Bottom line, everyone was happy.
     
  8. Thailand

    Thailand New Member


    Like me! No economic situation is going to dampen my collecting in the least!
     
  9. Just Carl

    Just Carl Numismatist

    If it was me I'd offer about what you said. $65 area is about OK. The one problem with some situations like this is pending on who the seller is. If a relative or close friend, they may always throw in hints on how you swindled them out of a fortune. If a relative, word usually goes from one to anothe about your great fortune for a few lousy dollars. If a close friend, you may find they don't stay a close friend long since you cheated them.
    The more you offer, the more they are REALLY worth. The less you offer, the more you cheated them.
     
  10. bama guy

    bama guy Coin Hoarder

    Could not agree more. I am the one who orders stuff from the mint for a small group of people at work. I do not mind doing this since I only charge what it cost me. I am just not comfortable buying coins from people I see every day because of the reason Just Carl noted.
     
  11. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Well said. I specifically avoid purchasing items from relatives and friends even though the opportunity exists. Some things are more important than the coins.
     
  12. jaceravone

    jaceravone Member

    Good advice and something to keep in mind during transactions like this. Well, it doesn't look as though I will be getting the coins because my father in law wants them....... but I was the one who set the price so I may not be out of the woods. I am 99% sure that everything will be ok. I personally talked with this person and my inlaws have too just to make sure she was alright with the deal.
     
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