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<p>[QUOTE="Clawcoins, post: 3643385, member: 77814"]Coins are like cars.</p><p>You buy it, drive it off the lot and it's worth far less than a few minutes ago. You buy from the US MINT you are paying the Engineering, Marketing and Distribution costs plus the bullion. Then add PCGS, etc as a selling incentive to keep those prices high.</p><p>Unless, you find someone that really wants it.</p><p><br /></p><p>Slabbed coins, especially 70s you need to find the one person that really wants it.</p><p>A coin dealer sees 1oz of gold. They do not see a PCGS MS70/PF70 AGE. They see 1 oz of gold .. cleaned, scratched, details = MS/PF70 as it's 1 oz of gold.</p><p><br /></p><p>Of course, if you sell them a PF70 for spot, they'll try to sell it as a PF70 to someone that <i><u>wants </u></i>it as a PF70.</p><p><br /></p><p>The more in a hurry you are to sell something the lower you'll receive.</p><p>Why didn't you go to a pawn shop? ... because you'll receive less right?</p><p>You will have to Market and sell that coin to find the right person to make the most revenue, before the additional <u>costs</u> and <u>time</u> needed to do that.</p><p><br /></p><p>If my neighbor walked up to me to sell me one of his gold coins I'd offer way under spot. Why? because now I have to take my time to sell it unless it was a special coin that I really wanted in my collection. Plus right now I'd consider the spike in PM prices as I rather wait than buy anything for my collection right now .. I'm not in a hurry to pay a premium.</p><p><br /></p><p>Differentiating between Collector vs Hoarder, Dealer vs Collector, raw vs slabbed is all based upon how long you want to wait to cash out and how much effort you are going to put into it to sell.</p><p><br /></p><p>I learned that lesson years ago selling some gold, platinum/gold proof US coins. I was in a hurry, and got the "in a hurry price". I knew I could have made more selling on eBay but then incur the time and costs associated with that.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3643385, member: 77814"]Coins are like cars. You buy it, drive it off the lot and it's worth far less than a few minutes ago. You buy from the US MINT you are paying the Engineering, Marketing and Distribution costs plus the bullion. Then add PCGS, etc as a selling incentive to keep those prices high. Unless, you find someone that really wants it. Slabbed coins, especially 70s you need to find the one person that really wants it. A coin dealer sees 1oz of gold. They do not see a PCGS MS70/PF70 AGE. They see 1 oz of gold .. cleaned, scratched, details = MS/PF70 as it's 1 oz of gold. Of course, if you sell them a PF70 for spot, they'll try to sell it as a PF70 to someone that [I][U]wants [/U][/I]it as a PF70. The more in a hurry you are to sell something the lower you'll receive. Why didn't you go to a pawn shop? ... because you'll receive less right? You will have to Market and sell that coin to find the right person to make the most revenue, before the additional [U]costs[/U] and [U]time[/U] needed to do that. If my neighbor walked up to me to sell me one of his gold coins I'd offer way under spot. Why? because now I have to take my time to sell it unless it was a special coin that I really wanted in my collection. Plus right now I'd consider the spike in PM prices as I rather wait than buy anything for my collection right now .. I'm not in a hurry to pay a premium. Differentiating between Collector vs Hoarder, Dealer vs Collector, raw vs slabbed is all based upon how long you want to wait to cash out and how much effort you are going to put into it to sell. I learned that lesson years ago selling some gold, platinum/gold proof US coins. I was in a hurry, and got the "in a hurry price". I knew I could have made more selling on eBay but then incur the time and costs associated with that.[/QUOTE]
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