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 Replies: 16 / Views: 10,066 |
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Valued Member
United States
300 Posts |
^^^yea, and depending on how many you have, it could take a while to sell them all to collectors
Edited by L1011
09/23/2010 4:00 pm
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Valued Member
United States
70 Posts |
Selling to collectors would require obverse and reverse photos of each coin. A dealer paying a decent price would pay 90 cents for each dime. ebay completed listings tells the story on what you can expect if you photograph every Merc dime and post it on ebay. I say just sell to a dealer. http://completed.shop.ebay.com/Merc...l1513&_pgn=6Edited by CoinMeister
09/23/2010 6:57 pm
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Pillar of the Community
United States
672 Posts |
I say if you dont need the money right away try to sell them privately. You should be able to get spot for dimes, but you will have to sell them in smaller lots. Thats what I would do if I had them. If I needed cash fast, hit up ebay, but do it in several lots to leave it open to more buyers. |
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Pillar of the Community
United States
6391 Posts |
My local dealer is currently paying about 13X face for 90% silver coin. I'd be happy to pay just $0.90 each for mercuries, then flip 'em for $1.30  |
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New Member
 United States
16 Posts |
Thanks for the reply's. The ones I saw on ebay sold in lots for over $1.55 a coin. And after ebay screws you over in fee's. Their still probably getting $1.40 |
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Pillar of the Community
United States
5832 Posts |
Ah! Then there's Paypal fee on top of ebay. 2.9% |
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Valued Member
United States
70 Posts |
Quote:
My local dealer is currently paying about 13X face for 90% silver coin. Jaobler, who is your local dealer and in what city is the dealer located? Edited by CoinMeister
09/24/2010 12:26 pm
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Valued Member
United States
321 Posts |
I sold assorted mercs and rosies to a dealer at a show at melt value, $1.20 each. That was in May when silver just touched 18
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Bedrock of the Community
United States
12437 Posts |
My local dealer in St Louis was paying 14x face as of last Saturday. If your dealer is only buying at 9x, you might want to find a new dealer.
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Pillar of the Community
United States
2424 Posts |
nice. I think my coin shop pays 10 or 11x and you can buy 90% for 14.5 I think..
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Valued Member
United States
70 Posts |
If a dealer is paying 14X face for Mercs, how much is the dealer charging for a roll of Mercs?
Edited by CoinMeister
09/24/2010 5:37 pm
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Bedrock of the Community
United States
12437 Posts |
The buy/sell spread was 1-1.5x face
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Valued Member
United States
70 Posts |
Quote:
The buy/sell spread was 1-1.5x face That would mean a roll of 50 Merc Dimes, for which the dealer paid a total of $70, would sell for $105. That seems kind of high. Based on today's spot price of $21.48, I can buy a roll of Mercury dimes online from a coin shop in Marysville for $77.69. Are you sure that your St. Louis dealer pays $1.40 for each Mercury dime and then sells rolls for $105? Edited by CoinMeister
09/24/2010 11:24 pm
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Bedrock of the Community
United States
12437 Posts |
Your math is off, selling a roll would net $70 while buying one would cost $75-77.50, buying at 14x and selling at 15-15.5x.
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Valued Member
United States
70 Posts |
Quote:
Your math is off, selling a roll would net $70 while buying one would cost $75-77.50, buying at 14x and selling at 15-15.5x.
Even at that rate, the dealer is spending $140 on 100 Dimes and selling them at $150-$155. That seems like a low Return On Investment. But I guess the dealer can handle it. How much does your St. Louis dealer pay for common date Morgans and Peace dollars? Edited by CoinMeister
09/26/2010 12:07 am
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Replies: 16 / Views: 10,066 |
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Posted 09/23/2010 6:55 pm
