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 Replies: 21 / Views: 5,832 |
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Pillar of the Community
 United States
564 Posts |
I just ordered a free copy. I'm kinda shocked you have to mail in to get a copy. I figured it would be online in PDF format. I'm interested to see what the greysheet is like.
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Bedrock of the Community
United States
20753 Posts |
Not sure how big a collection your discussing here. If your going to use ebay or any price listings and if the collection is large, you'll be doing a price thing for a long time. I would ask him about how many coins is there? Are they in Albums, Folders, 2x2's, a bag, a jar or what? You may want to make him a bulk price for everything if you have some idea of what is what. Also, if some are on the really valuable types you may well want to check for fakes. People can throw in fakes in a large collection thinking they will not be detected. If your going to use a price listing of any kind, the grey sheet is what most dealers use but if you use that, you'll be paying the same as if you went to a coin show or store. Be carefull of what you see on the internet. Remember attempting to return stuff is not so easy sometimes. |
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Pillar of the Community
United States
4212 Posts |
Just which list he is referring to can be HUGE. I do alot og CL buying, and 80% of the people go by PCGS, seeing how they have a very user-friendly site, and those are the highest values they can find. Yes, bay recent - 20% sounds good.
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Pillar of the Community
United States
564 Posts |
The collection I don't think is all that big. He wants to sell them for 20% under Coin Values magazine price. I have never look at this mag. Is it know for fair prices? I'm gunna try to get him to use the greysheet. But if I can't is that mag 20% higher than greysheet or is it much more?
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Pillar of the Community
United States
2120 Posts |
BTW, just for safety reasons I would take a friend or two with you, they can stay in the car so it doesn't seem threatening, but I would not go alone. Too many craigs list scams. Also, dont bring any cash with you. after you negotiate and settle on a price, ask him to head to the nearest bank with an ATM. they have cameras so when you withdraw funds you are less likely (but not completely) to be robbed.
Just stay safe and think ahead.
Something my squad leader always told us while I was in the Marines was "Always be Polite, Professional, and have a plan to kill everyone you meet."
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Bedrock of the Community
United States
10284 Posts |
Quote:
Coin Values magazine price!  That magazine is probably 20% over the Red Book. The advertisers in those magazines have an interest in the values they put on coins in there so they can justify their prices in their ads. No way, even then with 20% off you will be buying full retail. I suggest you sit and look over his magazine first and have your coin grading thinking cap on straight too. |
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Bedrock of the Community
United States
10284 Posts |
Coinage, Coin Prices, Coin Values, most any coin collectors magazine is a great read if you own coins and want to believe you have a more valuable collection. These are available at some hospital gift shops and larger newsstand stores around here.
Knowing how to grade is just as important as any price guide can be too.
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Pillar of the Community
United States
1882 Posts |
Quote:
I just ordered a free copy. I'm kinda shocked you have to mail in to get a copy. I figured it would be online in PDF format. I'm interested to see what the greysheet is like. They are online in a PDF format...for $8 you can get a weekly greysheet and the monthly supplement, and cover most of the bases. |
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Pillar of the Community
United States
924 Posts |
I could be wrong but I don't think this guy will be happy selling 20% below grey sheet prices. Quote:
Something my squad leader always told us while I was in the Marines was "Always be Polite, Professional, and have a plan to kill everyone you meet." Like the quote.  |
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Pillar of the Community
United States
2120 Posts |
Yea, its served me pretty well.
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Bedrock of the Community
United States
11951 Posts |
Like just carl said I would have to know what coins he had, and in what grade he thinks. One so I know about how much money the sale could be. Also if you knew he had... say a 1921 D mercury in VF range. You could compare the guide you end up using, to similar coins on E bay or local shops. I think the way he is trying to sell his coins, it might not be a good deal unless it was for coins that you want/need and in the right grade for you. He may had been to a coin shop to sell his coins and was really low balled on a price. Also if the coins are a lot of low grade common coins, then this is a bad way to buy coins. For example: Look up the price of some common 1950's wheat's cents, 20% back of any guide, would be a very high price to pay for coins that trade bulk in coin shops for Two Cents each. |
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Bedrock of the Community
United States
20753 Posts |
Quote:
BTW, just for safety reasons I would take a friend or two with you, they can stay in the car so it doesn't seem threatening, but I would not go alone. Too many craigs list scams. Also, dont bring any cash with you. after you negotiate and settle on a price, ask him to head to the nearest bank with an ATM. they have cameras so when you withdraw funds you are less likely (but not completely) to be robbed.
Just stay safe and think ahead.
Lots of interesting and informative advise but this is probably the most inportant, smartest and best reply yet. |
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Valued Member
United States
188 Posts |
I think the Grey sheet value is a buch better representation of what the coin is actually worth. Those magazines have some nice articles and dealers love them because it makes their high prices seem more reasonable.
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Pillar of the Community
United States
958 Posts |
i'd offer what a dealer would offer to start .I bet he has already tried to sell them and most dealers offer half of book and always try to downgrade stuff
start as low as you can , once you make a price offer you cant go down in price and might have said a price to high and he was willing to take less/ but you can alwys work your way up untill he is happy if he wants to much walk away.
what ever you do dont get cuaght up in the " need this coin, or love this coin" just becuase you dont have it does not mean you need to pay prem or over for it another will always come along
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Pillar of the Community
Philippines
1156 Posts |
This somewhat says the imnportance of a coin dealer, saves one the effort, risk and buying coins unseen that was graded by someone else  and unslabbed. always best to buy coins seen in detail, in a safe environment and ideally in hand. that's usually the coin store with unusual locations for buying, there is always a big chance of high margin profit, also high risk of a scam I'd stick with coin dealers where I can see & handle the coins  |
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Replies: 21 / Views: 5,832 |
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Posted 07/21/2010 09:37 am
