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 Replies: 22 / Views: 2,841 |
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Valued Member
United States
361 Posts |
If you sell to a dealer (I am not one) you have to understand they need to make money on any coins they buy from you. Selling to collectors is definitely the way to go. I believe ebay gives the best exposure. There are listing, selling and paypal fees to deal with but your coins will each thousands of potential buyers. If you are willing to gamble a bit I would suggest 99 cent starts wiyh no reserve. This gets the most amount of interest and more bids which could drive up the bids quite a bit. These are, of course, just my opinions, |
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Pillar of the Community
 United States
629 Posts |
I very much do appreciate your opinion. I do agree that dealers need to make money as they have overhead with their store, insurance, payroll, etc. But in a way they are like car salesman in that the trust factor is very low when you are not a familiar customer.
I am curious to know from other collectors that have sold portions of their collections as what to expect as a fair price as compared to Canadian coin news trends. With my dealings so far with dealers - it's 25% of trends.
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Valued Member
Canada
311 Posts |
With JackB and Colhand1,  . There are a lot of good dealers out there. You must accept one factor, they are there to run a business, if you do not like their shop, then just find another one. I have found a couple of shops that I have dealt with and feel pretty sure that they will not rip me off. |
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Pillar of the Community
Canada
1442 Posts |
Drug dealers have overhead too, and are there only to run a business ;)... Sorry folks...offering 25% of trends to grandma and grandpa because they dont know how to use a computer or can setup an ebay account...is... you can sugarcoat it all you like :). If you love dealers so much, why dont you sell them YOUR collections for 25% of trends huh? ;) Come on...lets see it...put up or... |
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Pillar of the Community
United States
1064 Posts |
I see lots of 'grandpa' types when I go to the local coin shows, and I wish I knew half what they do. Not every 'old' person is stupid, or numismatically-ignorant, and certainly not computer-illiterate. Seniors are a very fast-growing segment of the online community, and I'm guessing most know exactly what they're doing. And yes, we can even set up our own ebay accounts. As far as selling to dealers, I've done that on occasion, and I did a lot better than 25% - at least I think I did, maybe I better get my grandson to check my figures... |
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Pillar of the Community
United States
629 Posts |
Dealers look for the deals just as we look for deals when we make purchases. How many times have you gone into a dealer and shown them a coin that you were interested in selling and their remark to you is "what do you want for it?" If you say an amount they will say that is too much, give you excuses as to why. You know darn well that taking in a series of coins allows them to price the set based on the keys "if they are even aware of the keys" and the balance of the coins are just taken as part of the deal. Anybody who walks into a dealer to sell their coins and doesn't have anything invested in them other than the gas it took to get there can be pretty happy walking out of there with a wad of cash. But we know that an informed person should be able to walk out with a larger wad of cash for the same items.
Be honest - we take advantage of a dealer's lack of knowledge to gain the best deal, day after day. They too take advantage of the person walking in with little or no knowledge of the hobby.
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Pillar of the Community
Canada
1442 Posts |
I've love to know where these mythical "dealers that you can take advantage of", are located :).
I would definitely pay them a visit ;)
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Pillar of the Community
United States
629 Posts |
I travel and it gives me the opportunity to visit dealers all over the USA. Not everywhere am I able to get a real bargin but over the course of many years, I have been able to get my share of fantastic buys. Just last month I bought a complete set of nickels - 1922 to 2008, with both 26's, a 25 in F, 22 and 23 in unc, 47 dot, 64 EWL. Complete set with most coins in XF or better, walked out the door for $122.
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Pillar of the Community
United States
629 Posts |
To be honest with you, why would I share the names of the dealers with you that I am able to get the best deals at?
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Pillar of the Community
United States
1064 Posts |
Quote:
To be honest with you, why would I share the names of the dealers with you that I am able to get the best deals at?
In the spirit of CCF? |
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Pillar of the Community
United States
629 Posts |
Ha Ha - not likely - these dealers are cultivated over many years of paying too much. I am keeping these close to the vest.
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Pillar of the Community
Canada
1442 Posts |
LOL...you should have said they were in the US :)...
My best deals were from US dealers too. 1875 quarter in F15 for $500, 1893 RT3 dime in VF30-EF40 for $2300. ;).
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Pillar of the Community
United States
629 Posts |
Also shows, I get good stuff there too - a 1917 1/2 dollar in XF cost me $30. But we all have these stories! That's what makes collecting fun. But to sell, well that's another matter. AS long as I buy right than I won't have a problem selling since I will make money. Maybe not as much as I want to but I will be selling them for more than I paid. But to think that I will get 75% of trends for my coins? I don't think so, unless I can wait another 25 years (I can't). I will strive to get 50% of trends. No one that I know wants to pay retail. Do anyone really buy coins at retail or full trends? If you do, WHY?
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Pillar of the Community
Canada
1923 Posts |
Great deal on the nickels Colhand1, happy hunting
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Pillar of the Community
United States
1064 Posts |
Quote:
No one that I know wants to pay retail. Do anyone really buy coins at retail or full trends? If you do, WHY?
Well, certainly not intentionally... BUT, I've been bitten by the 'got to have it, got to have it', where all good sense seems to vanish. That could be another whole thread for me. |
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Replies: 22 / Views: 2,841 |
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Posted 06/22/2011 12:10 pm
