Questions on buying.....

Some things you can pre-sell, sort of. Find out what your local dealers are paying for X, then offer a bit less than that. Some things are cut and dried, pricewise. Proof and Mint sets, for example. Most dealers will pay 70-80% of bid, depending on their needs. Same for 90% siilver...call and find out about what they're paying, then offer a bit less. At $11.50 silver, you should expect to get 7xfv for 90%. Of course collectible coins will need to be treated differently but there's a lot of stuff that can be priced over the phone or during a brief visit to a local shop. Of course the better you know your dealer the easier this will be.
Hope this helps.
tradernick

 

Log in or Sign up to hide this ad.

So what are you gonna offer 7 or 8 times face. I dont think so. Do your homework!!!!!!
I have contacted just about every dealer in my area (about 2 dozen) , on selling junk silver nickels to dollars and 5 X face was the best price & that was for $1000 or more. The dealers have to make their cut too. Plus they also risk the price of silver falling.

When silver hit $15 , thier prices did not change. Before you call any one crooked MR CLOUDSWEEP DO YOU R HOME WORK BEFOR YOU OPEN YOUR MOUTH AND CALL ANY ONE CROOKED.

aSKING SOMEONE WHAT THEY WANT FOR THEIR COLLECTION IS PROFESSIONAL. I ahave been buying and selling collectibles for about 20 years. And 90 % of dealers( coins, comics, sportscards, antiques & such ) behave this way ONCE AGAIN DO YOUR HOME WORK.

If the person selling such items does not know any thing that is their problem. Most are givin such items and are looking for some quick cash. It should be the sellers responsibility to even know what they have.

If someone asks " what is these items worth" that is a different question. You give them a wholesale price, market price, and the price of what you are willing to pay for such items. NONE OF THIS IS CROOKED DO YOUR HOME WORK!!!!

If you are acting as a middle man, you are not going to give someone the retail price.That is just stupid.
If thats the case buy some of my collection for "retail price"

And then when you buy someones collection for retail price & you intend to make a buck , you are going to have to sell at retail price or above and then YOU ARE THE CROOKED ONE.

When selling large collections of whatever( junk silver - nice MS coins) you are going to get far less then you would sell individually.

ALL THAT MATTERS IS EVERYONE COMES OUT HAPPY!!

lIKE I SAID BEFORE, a majority of sellers selling such collectibles, are handed down such items, or even worse, items are stolen.And a majority of the time they just want some cash and dont have a clue about how every thing works. You only need to give them a little info unless they ask for more. There is nothing dishonest about this at all.
Just ask some of the dealers on this site. They will help you figure it out Cloudsweeper.

DO YOUR HOMEWORK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:desk:

 

Hey Speedy, tell your dealer I will buy every silver quarter for $1 .25.
I f he is selling for $1.25, then he too is only paying 2-3 times face..

Just a point.... think about it!

 

When offering a fair price and the seller sounds unhappy, thats just too bad and that person will continue to be unhappy until he/she realizes just how the market works.

And it all depends what thay are selling and to whom. If you can give a better price than a dealer,& you are able to pick up a nice lot for your collection, or something you can make a profit on. Both buyer and seller should come out a head.

On larger collections, lets say $5000 or more, 50-60 % is a FAIR price.Check it out, do your homework.

Or second option, tell that person to sell their collection on Ebay.And you will have made nothing.And we would have to deal with another newb or scam artist trying to sell all common items as RARE ONES.


Just my three cents!!!!


CLAW

 

Claw, a transaction between two private collectors should be conducted in a different manner than the way most coin dealers operate their businesses, in my opinion. You are comfortable with your ethics. I would not be. I have no doubt that 90% of coin dealers operate exactly as you describe, which you see as an excuse and I view as a problem much of the time. Obviously we would probably never do business with each other, and that will make both of us happy.

 

Thanks guys---lets not get mad at each other---I'm glad I'm getting alot of opinions!
I can't say yet what I'm working on or even if it will work....but I'll know and try to tell ya'll by the end of the month.

Speedy