i am going to a show this coming weekend and am wondering what i should expect it terms of trade value on NGC slabbed coins. When you guys trade coins with dealers at shows do you go by the grey sheet "bid" price or "ask" price or something in between or lower than bid? I'm thinking if i go by bid on my coin i would expect the dealer to do bid on his? is this unrealistic? Thanks guys
I would expect a dealer to offer something at or below bid for your coins. If it is a generic coin that will be difficult to sell, he might want to go significantly below bid. If it is an easy one to sell, then he would have more flexibility. Of course, a dealer might offer you more in trade than he would for an outright cash transaction. The dealer should sell you his coins for what they are worth & what he could realistically get from other buyers. That may not be the bid price. Very best regards, collect89 P.S. not all NGC coins of the same grade will trade at the same price because they are all different. Just look at the prices realized at an auction site for a particular coin in a particular NGC grade. The prices will be all over the place.
Yes it is. Any dealer worth his salt will ignore the plastic and make an offer based on the coin. And in this day and age when even the best TPG routinely over-grades - well, that offer may surprise you. Of course you should do exactly the same thing when looking to buy.
I have been told by several dealers that they buy and trade 5% less wholesale and they sell retail +. I'm in Florida so this may be different elsewhere. Slabbed are not they are buying the grade. Sell at the start of the show buy at the end of the show. A lot of the dealers at shows have hired someone to work the show for them and they are the ones that stick to a platform. So your best deals will be with the guy that is doing his own booth. Ed
