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Pricing And Selling A Morgan:

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Author Previous TopicReplies: 8 / Views: 1,033Next Topic  
New Member

United States
5 Posts
 Posted 11/10/2008  10:43 am Show Profile   Bookmark this topic Add cjd to your friends list Get a Link to this Message Number of Subscribers
Hello, forgive my ignorance however I am new to the Coin World. I have a pristine 1884 O MS 65, graded by NGC. If Coin World says that it is worth $200 full retail, how much can I expect to sell it for? I have included a couple of photos.

Thank you very much.

Image: Pricing-And-Selling-A-Morgan: coin1.jpg
84.45 KB

Image: Pricing-And-Selling-A-Morgan: coin2.jpg
88.38 KB
Valued Member
jerryb's Avatar
United States
61 Posts
 Posted 11/10/2008  11:05 am  Show Profile   Bookmark this reply Add jerryb to your friends list Get a Link to this Reply
Hi cjd ....

Current Greysheet pricing on your coin is $155 bid and $165 ask. I would say most dealers would be willing to pay around $140 for your coin. That leaves them around 10% markup if selling it wholesale to another dealer.

Just an old time dealers opinion.

And again..... to the board.
New Member
United States
5 Posts
 Posted 11/10/2008  11:11 am  Show Profile   Bookmark this reply Add cjd to your friends list Get a Link to this Reply
Hi, thank you very much for your reply. There is a person who wants to buy it at $100. Do you think that's a decent offer?

Thank you.
Valued Member
JonS.7070's Avatar
United States
295 Posts
 Posted 11/10/2008  11:40 am  Show Profile   Bookmark this reply Add JonS.7070 to your friends list Get a Link to this Reply
I think you can get more for it, hang out on here for a little while till you have 50 posts then put it up for sale. Or maybe you will put up a WTB post because you now want to complete the set
Pillar of the Community
TreasHunt's Avatar
United States
2540 Posts
 Posted 11/10/2008  12:36 pm  Show Profile   Bookmark this reply Add TreasHunt to your friends list Get a Link to this Reply
cjd:
I think that $100 is a bit low, altho I would be glad to pay it.
Hold out for more.
And, welcome to the forum.
Pillar of the Community
murty's Avatar
United States
1353 Posts
 Posted 11/10/2008  12:53 pm  Show Profile   Bookmark this reply Add murty to your friends list Get a Link to this Reply
cjd,
$100 is not a fair offer. If you don't need the money hold on until you have 50 posts here. You will do better.
New Member
United States
5 Posts
 Posted 11/10/2008  1:13 pm  Show Profile   Bookmark this reply Add cjd to your friends list Get a Link to this Reply
Pillar of the Community
desertgem's Avatar
United States
860 Posts
 Posted 11/10/2008  1:42 pm  Show Profile   Bookmark this reply Add desertgem to your friends list Get a Link to this Reply
What is meant by the "50 posts" remark is that after making 50 significant postings and being a member for 14 days, you can post "Buy/sell/trade" ads in the forum sections for such. The number of posts is under your name. It goes fast.

I also agree that the offered price is too low. If need is immediate, you may have to use ebay or a local sell, otherwise read the threads and any knowledge gained will aid you in the future dealing. Welcome to the Forum

Jim
New Member
United States
5 Posts
 Posted 11/10/2008  3:53 pm  Show Profile   Bookmark this reply Add cjd to your friends list Get a Link to this Reply
Oh, ok. Thank you for the information. I appreciate it.
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