Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
So discouraged
>
Reply to Thread
Message:
<p>[QUOTE="-jeffB, post: 8305848, member: 27832"]<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie78" alt=":punch:" unselectable="on" unselectable="on" /></p><p><br /></p><p>There's a guy at our local shows who is my go-to guy when I want to sell common Morgans. Here's why.</p><p><br /></p><p>I take him batches, with some culls, some circulated problem-free, some low MS, and occasionally a nicer MS, all raw. He classifies them and offers a price for each class. It's low enough that he can still make some profit selling them, but consistently higher than anybody else I've tried to sell to.</p><p><br /></p><p>At one show, when silver was pretty low, he was going through a roll or two stating how much he'd offer for each -- $18, $18, $16 (wire-brushed), $20, $160, $18... "Hang on, back up", I said, "what was that $160?" He handed me a circulated 1881-CC that I'd mistakenly put in with the others. It was still a fair price, but I wanted to hang on to that one.</p><p><br /></p><p><b>THAT's</b> the guy I go to, and that's the guy I direct friends to.</p><p><br /></p><p>Now, having said that, if by $3000 "retail" you mean "Red Book prices", I'm guessing $1.5K is probably the <i>ceiling</i> for what you could expect to get. I don't know your experience level, but if you haven't been buying <i>and</i> selling for a while, you're likely to get some bad surprises where a coin you thought was MS-63 is actually cleaned and ungradeable -- or even surprises in the opposite direction, where something you thought was nothing special is actually highly desirable.</p><p><br /></p><p>You've got your first experience now trying to sell the collection. You've also learned something important about that dealer -- at my most generous, I'd say he has very poor attention to detail, at least when it comes to making honest offers. Try some others. Try shopping the coins around at a show, where dealers know they're competing with one another. DON'T bother with pawn shops (I'm sure you already knew that). Do consider using the BST forum here.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 8305848, member: 27832"]:( :punch: There's a guy at our local shows who is my go-to guy when I want to sell common Morgans. Here's why. I take him batches, with some culls, some circulated problem-free, some low MS, and occasionally a nicer MS, all raw. He classifies them and offers a price for each class. It's low enough that he can still make some profit selling them, but consistently higher than anybody else I've tried to sell to. At one show, when silver was pretty low, he was going through a roll or two stating how much he'd offer for each -- $18, $18, $16 (wire-brushed), $20, $160, $18... "Hang on, back up", I said, "what was that $160?" He handed me a circulated 1881-CC that I'd mistakenly put in with the others. It was still a fair price, but I wanted to hang on to that one. [B]THAT's[/B] the guy I go to, and that's the guy I direct friends to. Now, having said that, if by $3000 "retail" you mean "Red Book prices", I'm guessing $1.5K is probably the [I]ceiling[/I] for what you could expect to get. I don't know your experience level, but if you haven't been buying [I]and[/I] selling for a while, you're likely to get some bad surprises where a coin you thought was MS-63 is actually cleaned and ungradeable -- or even surprises in the opposite direction, where something you thought was nothing special is actually highly desirable. You've got your first experience now trying to sell the collection. You've also learned something important about that dealer -- at my most generous, I'd say he has very poor attention to detail, at least when it comes to making honest offers. Try some others. Try shopping the coins around at a show, where dealers know they're competing with one another. DON'T bother with pawn shops (I'm sure you already knew that). Do consider using the BST forum here.[/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
>
So discouraged
>
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...