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 Replies: 27 / Views: 10,373 |
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Pillar of the Community
United States
1304 Posts |
I have a chance to buy a coin that did not meet the reserve at David Lawrence Rare coins. I have read a lot of good reviews about them but the prices they put on there coins seem to be on the high side. I have checked completed listings on E-Bay for the same coin and they are cheaper than the one on DLRC, sometimes up to $40.00 to $70.00 difference for the coins of the same grade by PCGS. I was hoping someone could explain to me how they set there prices.
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Valued Member
United Kingdom
152 Posts |
RE Price maybe he just charges / set price as he sees fit since it is his business so really he can charge what he likes regardless of any price guide When I list coins on ebay at start at 99p (just over a dollar) and take my changce,but om my web site I am fixed price so either buy or dont buy or make me an offer. Yours Michael |
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Pillar of the Community
United States
3486 Posts |
It used to be, and I believe that it still is, that DLRC buys coins and not holders.
Their reputation has been built upon this practice. So that while a buyer wishing to "flip" a coin would stay away from them.
a collector intending to hold the coin seeks them out.
DLRC is especially good at judging eye-appeal. Seasoned collectors who have spent years searching for just the right coin
often find it here.
That their prices are higher is reflected by this philosophy: they can and will get their price from sophisticated collectors.
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Pillar of the Community
United States
3453 Posts |
Interesting observation, matthewvincent. I enjoy browsing their site, though I have yet to make a purchase.
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Pillar of the Community
 United States
1304 Posts |
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That their prices are higher is reflected by this philosophy: they can and will get their price from sophisticated collectors But will I get the same price when I decide to sell it? Thanks to all for there opinions.  |
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Moderator
 United States
23522 Posts |
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But will I get the same price when I decide to sell it? Yes, if you're lucky enough to get your coin exposed to those same discerning collectors. You're also checking Heritage Auctions' realized prices, right? |
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Pillar of the Community
United States
1304 Posts |
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You're also checking Heritage Auctions' realized prices, right? Yes, Teletrade also. Heritage just sold the same coin and grade for 246.75. DLRC wants $310.00 for there's. That's what I cannot figure out, why such a big difference in price?  |
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Pillar of the Community
United States
1839 Posts |
Quote:
It used to be, and I believe that it still is, that DLRC buys coins and not holders.
Their reputation has been built upon this practice. So that while a buyer wishing to "flip" a coin would stay away from them.
a collector intending to hold the coin seeks them out.
DLRC is especially good at judging eye-appeal. Seasoned collectors who have spent years searching for just the right coin
often find it here.
That their prices are higher is reflected by this philosophy: they can and will get their price from sophisticated collectors. I'd agree with matthewvincent. I've bought about a dozen coins from them and they do indeed specialize in coins with higher than average eye appeal. Keep in mind also that they do take offers. I've found that they frequently accept offers between 5% to 15% off their listed price. One thing I like about how they list their coins is they give two ratings for each coin. One is a rating from 1 to 10 with 1 being very bright in color and 10 being extremely dark in color. The other is a star rating on eye appeal. They do a good job on both in my opinion. They also post pretty descent and accurate quality images of the coins so you generally don't get any surprises when the coin(s) arrive. |
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Moderator
United States
23522 Posts |
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That's what I cannot figure out, why such a big difference in price? Sight-unseen, I'm going to offer the explanation of, "Because they can." Think about why it didn't meet the reserve.... |
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Pillar of the Community
United States
627 Posts |
Comparing Teletrade to DLRC is like comparing apples to oranges. Many problem coins end up on Teletrade and Heritage with overly hopeful reserves...while DLRC sells top notch coins for the grade. DLRC also has a return policy, which with Heritage and Teletrade, unless they shipped you the "wrong coin", you are pretty much stuck. I have purchased a handful of coins from DLRC and they are really easy to work with. They are NOT "just another auction house". They are much more collector-centric than the big greedy auction houses. Just my Two Cents... |
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Pillar of the Community
United States
1436 Posts |
Although I've not personally bought any coins from them, they do offer some NICE looking coins that should always hold their value.
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Pillar of the Community
United States
1304 Posts |
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Sight-unseen, I'm going to offer the explanation of, "Because they can." Think about why it didn't meet the reserve.... The final bid was $300.00 and the reserve was $310.00. Here is the coin listing.... http://www.davidlawrence.com/invent...Half-DollarsThe more I look at the Walker it sure does look pretty good for a G-6. Maybe it is closer to a VG-8 thus the higher price? Edited by Wornslick
04/29/2013 4:52 pm
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Pillar of the Community
United States
1795 Posts |
Bought a few coins from David Lawrence Rare Coins and have never had any problems. The price was right as far as I'm concerned for what I bought.
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Valued Member
United States
207 Posts |
Just bought a Capped Bust quarter from them and really like the coin in hand. It was only graded VF25 by PCGS but is super nice for the grade. Have tried with several offers in the past, but this time they accepted my offer. |
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Moderator
United States
23522 Posts |
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The more I look at the Walker it sure does look pretty good for a G-6. Maybe it is closer to a VG-8 thus the higher price? G6?  I understand the price now. |
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Pillar of the Community
United States
511 Posts |
A higher than average price could mean the coin just misses the next grade which has a huge jump in value. To cite one example, check the 1891 Morgan dollar in MS-64 and -65. Edited by 3stooges
04/29/2013 10:44 pm
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Replies: 27 / Views: 10,373 |
Posted 04/29/2013 08:06 am
