Message:

<p>[QUOTE=&quot;Conder101, post: 5260974, member: 66&quot;]To give a collector an idea what they will have to PAY a dealer for the coin.</p><p><br /></p><p><br /></p><p>That&#039;s a problem.&nbsp; Many people think there is one set percentage of guide price that a dealer will pay.&nbsp; There isn&#039;t.&nbsp; The percentage of discount will vary from one series to another depending on how popular the series is, and will also vary within each series depending on how common or rare the coin is, AND whether or not the dealer has similar pieces already in stock. </p><p><br /></p><p>For example if you come in with an 1893 S dollar the dealer probably doesn&#039;t have one, he probably has a lot of clients collecting Morgans looking for one so it probably will be a fast turnover item.&nbsp; In such a case he will be willing to pay a much smaller percentage back of wholesale&nbsp; guide price that if you brought in a 21 D Morgan dollar.&nbsp; He has a couple dozen of those and every morgan dollar collector in his client list already has one.&nbsp; It doesn&#039;t matter what the guide price says, your will be lucky if he offers melt value.&nbsp; HE DOESN&quot;T NEED IT.</p><p><br /></p><p>Or say it is a rare coin in a not widely collected series, say seated quarters.&nbsp; Yes it is rare, no he doesn&#039;t have one, but he get maybe one or two people coming in looking for seated quarters in a years time.&nbsp; If he pays close to guide price he is going to have that money tied up for a LONG LONG time.&nbsp; And most likely he will eventually sell it out wholesale to a specialist dealer.&nbsp; So his offer will be at a big discount off of the guide price because he is either going to have to hold it a long time or sell it at wholesale which will also be at a discount off of the guide price.[/QUOTE]</p><p><br /></p>

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