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Buying Physical At The Local LCS - May 2021

 
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Author Previous TopicReplies: 7 / Views: 402Next Topic  
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 Posted 05/07/2021  09:43 am Show Profile   Bookmark this topic Add jskirwin to your friends list Get a Link to this Message
Hit my LCS yesterday. Bought some 90% at 23x face - which is pretty good these days.

But the eagles and Brittanias were pushing $40. Seemed kind of out of whack to me.

Anyone see similar markups?
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 Posted 05/07/2021  10:08 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
We were selling 90% Dimes and Quarters at 21x IIRC. Halves were 22x. Eagles were $35, Maples $34 and generic $33
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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 Posted 05/07/2021  1:02 pm  Show Profile   Bookmark this reply Add owatchman to your friends list Get a Link to this Reply
I've seen Eagles going for $35-40 for the 2021s. Maples just a dollar or two less. I don't stock up on junk silver, so I don't know what that's gaining for in my area.
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 Posted 05/07/2021  9:34 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
What is totally out of whack is the Bid-Ask spread: $25 - $35! Seriously?
Edited by NumisEd
05/07/2021 9:35 pm
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 Posted 05/07/2021  10:24 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
What is totally out of whack is the Bid-Ask spread: $25 - $35! Seriously?


From a dealer perspective, it's necessary. The problem is, premiums right now are extremely high. That's because demand is high, and supply is low. So the problem becomes, if a dealer buys at $29, and the supply gets filled and the price drops to $27 the dealers are screwed. Buy buying at $25 they can insure a degree of "protection" so they know they won't loose except in the case of a tremendous downturn.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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 Posted 05/08/2021  11:14 am  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
The problem is that dealer won't get any supply at $25.
Suppose I want to sell some ASEs. I can do that on eBay for $35 minus fees of 10% and $3 shipping. Left with: $35-$3.5-$3 = $28.50. Or I can sell to the local dealer at $25.
Guess what I am gonna do.
Edited by NumisEd
05/08/2021 11:15 am
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 Posted 05/08/2021  11:59 am  Show Profile   Bookmark this reply Add jskirwin to your friends list Get a Link to this Reply

Quote:
Suppose I want to sell some ASEs. I can do that on eBay for $35 minus fees of 10% and $3 shipping. Left with: $35-$3.5-$3 = $28.50. Or I can sell to the local dealer at $25.
Guess what I am gonna do.


Is that $3 worth the risk of getting ripped off by the buyer who claims they never received it?

I always have to calculate the risk of being ripped off and Ebay siding with the buyer. In my 22 years dealing with that outfit I don't think I ever saw them side with a seller.
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 Posted 05/08/2021  12:01 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
I never had a problem selling on eBay. But then again I only sell stuff occasionally. Currently about one coin each week.

(Edit to add: clarification)
Edited by NumisEd
05/08/2021 1:26 pm
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