Selling At Shows. Is It Allowed?

Selling at a show to a dealer is part of the game.
But I would hesitate to sell to a non-dealer.

If a given dealer is not interested, you might say,
"Can you recommend someone who might be interested?"

Standard rules of etiquette apply, with additions:
Do not try to sell notes to a dealer to does not sell notes.
Do not try to sell US bullion to a dealer who has a table full of ancients.
See what I mean? Within the market there are many little markets.

You will do fine!

AND, if you find a note that you like, you can always attempt a trade plus cash.
In my experience, dealers like that. Or at least are open to hearing you out.

Ditto: "There is no such thing as a stupid question!"
At worst, we say, "Yours is a common question and these are our best answers."

ASK AWAY!

I was just looking at a BNR guide. It shows the 1918 Elliott-Burke at Fine - $110 XF - $275 and CH CU - $625

With seeing the bills in hand it is very hard to grade.
I have seen some nice looking notes like this go for $120 to $150 .. online

Nice notes!

I might look into having them graded by PCGS or PMG through an authorized dealer.

I was at a show recently 125 tables plus. I tell ya what, the 10 guys at one end dealing in mostly bills were hoping. I found the dealers close to the entrance to be all over asking what you brought to sell, so dont sell yourself short early on, never know who is deeper in the show.

My guess is that you paid less than $50 for the notes.

Back to the original question ...

Dealers always come to shows hoping to buy material for their inventory. As a general statement most of the buying comes from other dealers at wholesale prices.

The collecting public is welcome to sell to dealers at shows ... you should expect to be offered "10 Back of Bid" for any quality materials you may have ... that is 10% below wholesale price.

Wholesale prices are found in many sources ... I'm not sure for bills such as yours ... but for coins nearly all dealers I know use the CDN Greysheet.

Look up the "Bid" price ... subtract 10% ... that is what you should expect at a minimum for selling at shows.

That fact usually comes as a shock to most newer collectors ... but it is a fact and the way the coin show dealers purchase from the public.

They are there to make money after all ...

David

This is my dream result:

http://new.lynknight.com/ShowAuctio...on_Id=190319