Bid Vs Ask On 1914 D Lincoln - Coin Community Forum

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Author	Replies: 5 / Views: 1,294
Lobby Pillar of the Community United States 548 Posts	Posted 12/16/2011 9:20 pm * Moved by Staff to a more appropriate forum. * So a dealer showed me the Greysheet bid / ask prices on a 1914 D Lincoln Cent in VF: Bid - $365 Ask - $395 Let's assume the coin is in reasonable VF condition. No signs of cleaning, no damage, and reasonable "beauty." Questions: If I take this coin to a dealer, is he gonna offer me $365? Will he then sell it for $395? Higher? How the heck does he make a living with only a $30 profit, if he sticks with these prices? Report this Post to the Staff

oih82w8 Pillar of the Community United States 7840 Posts	Posted 12/16/2011 9:38 pm Sounds about right, bid/ask, sometimes there is a greater gap between the two. The 14-D is always in demand, and the prices can vary greatly. Report this Post to the Staff
acloco Pillar of the Community United States 3540 Posts	Posted 12/16/2011 9:46 pm Dealer will offer 250...max. Report this Post to the Staff
amida17 Pillar of the Community United States 4897 Posts	Posted 12/16/2011 10:10 pm Ask is what he would ask another dealer to pay him...bid is what another dealer should pay him. Reality is dealers pay each other about 10% below bid so he would not pay a customer more than 15% below bid.....if any of that makes any sense. Report this Post to the Staff
fcrazo Pillar of the Community United States 651 Posts	Posted 12/16/2011 10:32 pm dealers will probably pay around 25% under bid. keep in mind that these figures are averages as stated that are factored from different sources. Report this Post to the Staff
Lobby Pillar of the Community United States 548 Posts	Posted 12/16/2011 10:38 pm Thanks, boys and girls. :wave I suspected that for buying from customers, dealers would pay between 15% to maybe even 50% of bid. Depending on many factors. Ya'll have confirmed it. Report this Post to the Staff
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