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 Replies: 11 / Views: 1,426 |
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Rest in Peace
United States
9104 Posts |
for a dealer to offer for an NGC ms63 $10 gold? FWIW, numismedia is: 62 1,150
63 1,530 |
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Valued Member
United States
100 Posts |
I'm just guessing...assuming numismedia, Red Book, and other online price lists that the delear may refer to are all in the same ballpark - that a decent offer would be 70% of that or around $800-1,000. The dealer is buying it to resale so isn't going to pay full price obviously. Earl Edited by EarlB
02/06/2012 8:45 pm
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Pillar of the Community
United States
4897 Posts |
AGE or old gold? If old what type?
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Bedrock of the Community
United States
10982 Posts |
Quote:
AGE or old gold? If old what type?
Prices quoted are for generic "type" $10 Indians. I bought a generic $10 Indian in NGC MS62 last week for $1,000. Current wholesale prices are: MS62: $920 MS63: $1200 Offering much less than that would be "looking for a rip". |
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Pillar of the Community
United States
4897 Posts |
 Sounds reasonable. |
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Bedrock of the Community
United States
14454 Posts |
I agree, most dealers should pay pretty close to the wholesale prices and if it was much less than what BH quoted I would find someone else
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Rest in Peace
 United States
9104 Posts |
Reason I asked is I had a guy thought 1200 was too low. Not my fault he paid 1700.
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Valued Member
United States
100 Posts |
After your inital post @biggfredd, I did a little searching on ebay and saw some posted for less than was offered ($1050-1100). I would have thought that $1200 offer was a very good one for the seller. It's like the people that pay $2000 for the ASE sets on the shopping networks, you can't take them into your corner coin shop and expect to get your money back! Earl |
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Pillar of the Community
United States
4008 Posts |
This is an interesting aspect of business that seems to escape a lot of people. When we are selling something, the buyer does not care what WE paid. The buyer is ONLY concerned with what THEY have to pay to get it. I agree that a lot of people over-pay for things and then expect to pass that over-payment tendency on to the next (uninformed) person, if they can.
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Bedrock of the Community
United States
10982 Posts |
Quote:I did a little searching on ebay and saw some posted for less than was offered ($1050-1100). EarlB: There are no ebay listings for MS63 Indians under $1200. The lowest Buy-It-Now for an NGC MS63 is $1375 and the lowest completed listing is just over $1200. Generic $10 Indians in 63 typically bring $1300 retail. The $1200 wholesale offer was very fair for sure. You may have searched for $10 Libs by mistake. |
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Valued Member
United States
100 Posts |
BH1964, my memory was $50 off: http://www.ebay.com/itm/ICG-MS63-19...em43acc5ead5I also probably was seeing/thinkin of the MS62's of which there are many that are under $1k. I'll never be advanced enough to want/care to spend several hundred more $$ for that extra point. Just me though. Earl |
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Rest in Peace
United States
9104 Posts |
OK, I'm an idiot. It was NGC63 Indian $10. I'm not doubting he got that offer, we've got a local who has been reported to have: - Failed the pawnbroker test twice
- Offered $540 (spot) for bullion silver worth $450
- Bought $120,000 in fake gold
- Paid more than melt for 90%
Either way, I wouldn't pay that much unless I had a buyer. |
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Replies: 11 / Views: 1,426 |
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Posted 02/06/2012 8:50 pm
