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 Replies: 27 / Views: 4,651 |
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Valued Member
 United States
307 Posts |
Its tough because I want to keep my share and possibly buy more than my share. But how do I make an honest valuation before something actually sells? And what if something sells for more or less than I estimated, I dont want anyone to think I cheated them.
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Pillar of the Community
United States
1913 Posts |
You're obviously not being greedy. Hopefully everyone else involved is of the same character. I think that valuing them at the grey sheet bid prices more than fair to everyone. Reality is that if you went to a large coin show, most dealers would buy them at bid minus a certain percentage. You'd be hard pressed to find a dealer to buy them at bid. And of course they'd have to be problem free and have all the original mint packaging with them. If anyone disagrees with using grey sheet bid, then ask them where they'd get the value from. Full coin shop retail is not fair to you and it's not realistic for anyone because they can't be sold for that much.
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Valued Member
United States
307 Posts |
I also want to make sure there is not a scenario such as: 40 ASE Proofs total. So 20 to me, 20 to my sister. I buy 10 from my sister for "Bid Price" of $45 each. She takes her remaining 10 to dealer who offers her only $35 each... I feel I shouldn't have to pay more than the dealer. Its reasonable to feel this way correct? (Im not being sarcastic, I'm really asking) |
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Bedrock of the Community
United States
11951 Posts |
My suggestion would be to take them to a local dealer
and see what they offer.
For me I would offer the sister what they offer.
If for some reason you wanted to be extra nice,
offer to pay her 10% over the coin shop offer.
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Pillar of the Community
United States
4901 Posts |
Without getting down to the exact penny BuckeyeCoinGuy gave you a perfect, easy to use reference that should be all you need. I think you are trying to be waaaay to exact and it's complicating the process. Even if you "drag all the coins" to a dealer he may low ball you and another dealer might have better prices and another might be better for some and lower on others and on and on and on. Use the list.... ...and... Quote:
I buy 10 from my sister for "Bid Price" of $45 each. She takes her remaining 10 to dealer who offers her only $35 each... ..and if YOU decide to take your 10 to a dealer the same result will occur so don't worry about it Edited by Foxwoods Man
01/05/2016 07:53 am
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Bedrock of the Community
United States
10982 Posts |
The buy prices posted above are very strong. $45/each with no fees except shipping is as good as you'll find and was inline with what the mint was selling them for last year! In other words, wholesale=retail on those published prices. A typical might offer $30 each for common dates, at best.
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Pillar of the Community
United States
1913 Posts |
Quote:
I feel I shouldn't have to pay more than the dealer. Its reasonable to feel this way correct? It's very reasonable to not have to pay more than they can be sold for. In fact, heirs sometimes undervalue property in order to keep it in the family. |
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Valued Member
United States
83 Posts |
So what did you end up doing?
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New Member
9 Posts |
You can buy ASE for 16.51 2.49 over spot if you buy one or 20...It still shipping 7.77 *** Edited by Staff to remove YELLING. All capital letters is the internet version of yelling. Please don't do it in titles or posts. *** |
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Pillar of the Community
United States
500 Posts |
As far a proof ASE's...at the December coin show I was at a dealer table browsing and a customer was looking to sell some ASE proof in boxes with COA's. The dealer offered bid for a couple of them and 30% less than bid for the more common date ones. The gentleman trying to sell them said that was about what he was offered from a different dealer he asked. |
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Pillar of the Community
United States
4901 Posts |
Quote:You can buy ASE for 16.51 2.49 over spot if you buy one or 20...It still shipping 7.77 Really? Proof ASE's (that's what the thread is about) from various years for that price? Please post the link... |
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New Member
9 Posts |
*** Edited by Staff - Please review the rules that you agreed to when you registered. ***
Edited by slackaction
01/11/2016 10:54 am
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Pillar of the Community
United States
4901 Posts |
There is quite a difference between bullion and collector Proof ASE's and they are priced accordingly. Edited by Foxwoods Man
01/11/2016 11:11 am
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Valued Member
United States
307 Posts |
Thanks Guys! No decision made yet on what is going to happen in my case.
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New Member
United States
35 Posts |
Keep us posted! Liquidating an estate can be difficult, it makes sense that you're taking your time. As your ASEs are proof coins, the market price of silver should not effect that value too significantly. It might be worth your time to get offers from local coin shops, but I would be wary of appraisal fees in the case of boxed proof coins with COAs. You should be able to go in with a list, and get an offer based on the list since there should be no condition issues.
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Posted 01/04/2016 11:40 pm
