| Author |
 Replies: 76 / Views: 7,239 |
|
|
|
Pillar of the Community
United States
1547 Posts |
Soccerdad, who knows? There are earmarks of confidence, here, though, I'm saying, and if he's being played for a chump, I'm sure he'll figure it out soon enough.  |
|
Valued Member
 United States
364 Posts |
Eddie and Soccerdad - I sure hope she is not trying to set me up. I am significantly younger and married:). Seriously though, I figure I can help and maybe get a few coins in the deal. If I buy, I will pay more than dealers here do. They are paying around 16x for 90%s. My wife may well be in the same situation one day.
As for opportunities, I just talk to people. You never know what doors it will open.
Pretty sure I am not being played. This teller is a nice older lady and she orders me halves. Evidently, her sister wants it gone, and has no idea how to make it happen. Some coin dealer went in and made the sister angry. We shall see. It may not work out.
Edited by Nobis1
03/25/2011 5:10 pm
|
|
Bedrock of the Community
United States
12437 Posts |
OUCH, only 16x face for 90%? That is an absurd ripoff considering I can walk three blocks from my house and sell to a dealer for 25x face.
|
|
Pillar of the Community
United States
601 Posts |
Nobis- you'll probably get a thousand more perspectives, but this is what has worked every time for me.
Offer to help the woman- be completely honest about what you DO know and what you DON'T. Owner will clearly most concerned about getting a fair price for the VALUABLE stuff- silver and the like that is expensive. I get the sense you'd be interested in the numismatic items- collectible coins instead of silver bullion. Separate the expensive bullion- help her to get a fair price from a reputable dealer and she'll be eternally grateful. Now what's left is the stuff that YOU want. Go through, be fair with your offer and fully expect that she'll insist on compensating you for being her advocate. Do what's in her best interest, and EVERYTHING else takes care of itself.
This scenario is a very real portion of my income. I would rather help a collector get top $ for his coins- than try to beat out competition and attempt to pay strongly for items I'm not as familiar with. As a dealer, I charge a VERY small percentage based fee (below 10%) on the total of the sale (as a coin advocate). And I DO work very hard to find the best prices. It's in my best interest being on commission. I also give straight and fair offers on the things I'm interested in, and I take all the time they want to explain what IS valuable and why.
You can do it any way that someone else suggests. My experience is just helpful suggestion too. But I swear by my own method. 25 months ago I was waiting tables. I quit and dove in head first, last year we bought a house and had our second child. I constantly wonder how life can possibly continue to improve, but it does. My point is, my karma is in harmony with the universe, I love to buy, but love even more that I can be proud of it and hold my head high.
You catch more coins with honey too, who wants flies?
Edited for typo
Edited by liveandievarieties
03/25/2011 5:44 pm
|
|
Pillar of the Community
United States
601 Posts |
Agreed Biokemist-
Bullion is so expensive, it takes a lot of capital and the margin is soooo thin. You'll do better helping the owner to sell it, and your transparency will be appreciated.
|
|
Valued Member
United States
364 Posts |
Liveandie - what you say sounds like exactly what I intend to do. I have already told the sister that some things I know (halfs, Morgans, dimes and pennies) and some I don't (nickels, foreign). Some research will have to be done. I also have some dealers I have gotten good prices from for bullion. For the numismatic stuff, I will use ebay and some local dealers/antique shops. As for information, I will be upfront about value and take the time to explain. Glad to hear this has made you living. Thanks for the input. |
|
Pillar of the Community
United States
601 Posts |
If you end up putting several days of time into it, be wary of paying prices equal to top dollar on ebay. Being ethical isn't a matter of paying top dollar every time, it's simply being fair and not taking advantage. I think you'll amaze these people! Nobody expects such openness and honesty. Often, it leads to bigger and better things. Please let us know what comes of it, sounds exciting! |
|
Bedrock of the Community
United States
19963 Posts |
Quote:
My experience in buying from sellers like this is for me to ask them what they want to sell for. I like when they make the first move. It could work out well if they don't want much, then you can actually give them a little more if the asking price is crazy low. This might make another topic for a thread, What is the best way to bargain for collections?
Exactly how you do it! In this case, I would have immediate told the guy I will buy the cans for cash, right now. If he didn't have them until the next day, I would have passed him a $20 and let him know I'd be back tomorrow to pay the rest and collect the coins. With wishy-washy guys like him you have to be a little aggressive. Deep down, he really doesn't want to keep those coins anymore or he wouldn't have mentioned them. You just gotta bring it out of him.  Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
|
|
Pillar of the Community
United States
958 Posts |
if she want to liqudate, and you want no part? it starts to become a hassel Just tell her take a pic of the coins and list it on ebay... she will get more then any local dealer she will also get a good price for keys or rare items |
|
Pillar of the Community
United States
601 Posts |
Yup- I make a living buying off of ebay and selling much of it on ebay as soon as I get it. Someone will certainly buy it on ebay, nobody can argue that. |
|
Pillar of the Community
United States
958 Posts |
hey liveanddie , I suspected that not for the reason you buy/sell and have mentioned it BUT your up all night at various times repleying to post..... My opinion is the best time to buy off ebay is often late at night "sniper deals"... 2am-5am when the majority of america is asleep... alot of bidders just set a bid price and go to bed or forget they were bidding .. You can them come in a few minutes/secconds and get a good deal. |
|
Rest in Peace
United States
9104 Posts |
Quote:
I would offer him more upfront or if you want to have a better impression w/ him then come back and give him some cash once you found some nice profit. Don't piddle. Negotiate a price where you can at least get your money back from a dealer, and buy them all. Otherwise, you may find yourself going back to "this other guy came in and offered me xyz, so I let him have them." xyz, btw, may even be less than you would pay, but once someone decides to sell, you better be ready to buy. |
|
Rest in Peace
United States
9104 Posts |
Quote:
Assume he pays 6 cents a coin. Assume they're worth, sight-unseen, 3 cents a coin. That's a premium of 3 cents a coin he just paid. He finds just 30 coins out of the 1000 worth just $1 each and he just erased the premium and broke even on the lot. The odds of 3% of the wheats being worth $1 each, even if the wheats were put away in the 60s, is between slim and none. If you see a few IHC, that's a different, if unlikely, story. |
|
Pillar of the Community
United States
601 Posts |
Why do collectors speculate on what "could be" or what the group of coins "might" have? Seriously- I see this phenomenon on ebay all the time! An "unsearched OBW" roll of circulated Pre-1930 cents? Sure, and I've got some property to sell you too... I'm not trying to discourage anyone from buying, just trying to encourage rational thought. My way of looking at is is soooooo simple. Pay the lowest common denominator- 3c. each. If you do well, the owner won't refuse more money. I mean really, I'd love to sell a can of Mercuries and get double what anybody who regularly buys coins would pay. I'll tell people that there "Could" be a 94-S Dime in there. Could be anything. So pay extra high prices now, you won't be sorry.....maybe. Perhaps, the more we pay, the better chance that luck will allow rare dates in the mix. Right? Doesn't seem like such a complicated concept. When you go looking for a used car to buy from a private party- do you look up KBB values and then insist on paying full Blue Book? Would you EVER? Edited for clarity Edited by liveandievarieties
03/26/2011 1:10 pm
|
|
Pillar of the Community
United States
601 Posts |
|
| |
Replies: 76 / Views: 7,239 |
First Page
Previous Page
Posted 03/25/2011 5:01 pm
