Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Question about 1921-S Roll of Lincolns
>
Reply to Thread
Message:
<p>[QUOTE="cerdsalicious, post: 775346, member: 22135"]ROFLMAO</p><p> </p><p>Paying <b>OVER </b>list price is now a crime! Hurry flash mob lets execute everyone in the coin hobby!</p><p>Just kidding</p><p>But thats how you guys are acting right now. PMSing on the first day of a new year.</p><p>And Please if you all are offended by offering to pay over list then you need to take a good look at yourselves. </p><p>Imagine if a dealer paid list price! OMG the world just might end.</p><p> </p><p>Now on to bussiness Schatzy, I understand where your coming from but take an economical sense into this.</p><p>The economical thing would be to buy the roll and then sell it yourself by breaking it up. Same with the morgans and barbers. If theyre CC morgans pay list or over. Anything else is up to you. The potential of $25,000 over two years makes the roll a sensible buy. Now imagine if you cracked the roll and they turned out to be just good old regular VG wheat cents worth nothing more than 3-5 cents each. Well you just screwed over the lady in that case. If you bought the roll then you have two sellable coins and a bunch of good old wheaties, you took a gamble and you made a little profit. That something dealers do every day.</p><p> </p><p>Then you have to consider your percentage. if your going to broker it as you are intending in this case. between 1.5% to 3.5% is acceptable. Anymore and your being a crooked broker. Paying for NGC certification would come from your end of the deal. </p><p>so assuming you get $50,000 in sales after fees you take a 3.5% comission you get $1750. Which after all your time and effort may or may not be truly worth it. </p><p> </p><p>Plus if you bought that roll and struck it rich by breaking it down and certifiying it, then you could purchase the rest of the barber collection for yourself and cherrypick from the morgans and pay over list if you wanted too. That is a win- win situation for you and the really old lady. </p><p> </p><p>You get cash and coins you really wanted and she sells off her collection for over list.</p><p> </p><p>I dont see a problem with that. You have to remember your taking a risk on the roll eitheir way. You could get $1000 or $25000 or $150000 who knows. Or you could get a couple hundred or barely break even. It is a gamble you and the old lady are about to take on those rolls. And trust me I know rolls, the ends can be UNC doesnt mean the rest will be or that theyre same date. its an unopened roll. </p><p> </p><p>Anyways your roll of the dice, I dont expect you to follow my advice but it is my 2 cents and I do this quite often.</p><p> </p><p>Enough said I am bowing out of this thread respectably if you want to keep flaming go ahead but its not affecting me in any way, only makes you look worse in any light.</p><p> </p><p>Peace[/QUOTE]</p><p><br /></p>
[QUOTE="cerdsalicious, post: 775346, member: 22135"]ROFLMAO Paying [B]OVER [/B]list price is now a crime! Hurry flash mob lets execute everyone in the coin hobby! Just kidding But thats how you guys are acting right now. PMSing on the first day of a new year. And Please if you all are offended by offering to pay over list then you need to take a good look at yourselves. Imagine if a dealer paid list price! OMG the world just might end. Now on to bussiness Schatzy, I understand where your coming from but take an economical sense into this. The economical thing would be to buy the roll and then sell it yourself by breaking it up. Same with the morgans and barbers. If theyre CC morgans pay list or over. Anything else is up to you. The potential of $25,000 over two years makes the roll a sensible buy. Now imagine if you cracked the roll and they turned out to be just good old regular VG wheat cents worth nothing more than 3-5 cents each. Well you just screwed over the lady in that case. If you bought the roll then you have two sellable coins and a bunch of good old wheaties, you took a gamble and you made a little profit. That something dealers do every day. Then you have to consider your percentage. if your going to broker it as you are intending in this case. between 1.5% to 3.5% is acceptable. Anymore and your being a crooked broker. Paying for NGC certification would come from your end of the deal. so assuming you get $50,000 in sales after fees you take a 3.5% comission you get $1750. Which after all your time and effort may or may not be truly worth it. Plus if you bought that roll and struck it rich by breaking it down and certifiying it, then you could purchase the rest of the barber collection for yourself and cherrypick from the morgans and pay over list if you wanted too. That is a win- win situation for you and the really old lady. You get cash and coins you really wanted and she sells off her collection for over list. I dont see a problem with that. You have to remember your taking a risk on the roll eitheir way. You could get $1000 or $25000 or $150000 who knows. Or you could get a couple hundred or barely break even. It is a gamble you and the old lady are about to take on those rolls. And trust me I know rolls, the ends can be UNC doesnt mean the rest will be or that theyre same date. its an unopened roll. Anyways your roll of the dice, I dont expect you to follow my advice but it is my 2 cents and I do this quite often. Enough said I am bowing out of this thread respectably if you want to keep flaming go ahead but its not affecting me in any way, only makes you look worse in any light. Peace[/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
>
Question about 1921-S Roll of Lincolns
>
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...