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Question for dealers/sellers: Blue book prices
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<p>[QUOTE="Vess1, post: 467588, member: 13650"]A lot of stuff such as Morgan dollars and Peace dollars and many many others show up at half of retail. 50% looks to be the norm. I never would have guessed it would be that much of a difference.</p><p><br /></p><p> The coin I mentioned originally here, I was able to get 35% knocked off the price. But if it is indeed EF45 as I suspect and that's what the dealer actually paid or close to it, then he still made a 200% profit on the coin. It has a really nice toned edge which bumps it up some. But a basic coin of this type, no frills, going by NGC's retail price guide at EF, is very nearly 3x the price that is listed in the blue book. </p><p><br /></p><p> If the blue book prices are within 20% +/- what dealers are paying (which I'm sure is well within that range) there's still a huge profit margin selling just about any coin at normal retail. </p><p> It's no wonder people get low ball offers when they go to sell. I'm not accusing anybody. I just think it's good for everyone to realize, especially maybe some of our newer members that prices can be negotiable if you really want something and you're a good customer, willing to put in the time. And be respectful about it. </p><p> The grades that people list on ebay mean less and less to me. Some are decent about it but others are really pushing it. You almost may as well count on everything being listed as a grade high, if you really want to study it and compare with slabbed coins on heritage.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 467588, member: 13650"]A lot of stuff such as Morgan dollars and Peace dollars and many many others show up at half of retail. 50% looks to be the norm. I never would have guessed it would be that much of a difference. The coin I mentioned originally here, I was able to get 35% knocked off the price. But if it is indeed EF45 as I suspect and that's what the dealer actually paid or close to it, then he still made a 200% profit on the coin. It has a really nice toned edge which bumps it up some. But a basic coin of this type, no frills, going by NGC's retail price guide at EF, is very nearly 3x the price that is listed in the blue book. If the blue book prices are within 20% +/- what dealers are paying (which I'm sure is well within that range) there's still a huge profit margin selling just about any coin at normal retail. It's no wonder people get low ball offers when they go to sell. I'm not accusing anybody. I just think it's good for everyone to realize, especially maybe some of our newer members that prices can be negotiable if you really want something and you're a good customer, willing to put in the time. And be respectful about it. The grades that people list on ebay mean less and less to me. Some are decent about it but others are really pushing it. You almost may as well count on everything being listed as a grade high, if you really want to study it and compare with slabbed coins on heritage.[/QUOTE]
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Question for dealers/sellers: Blue book prices
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