I Am New To Collecting And Have A Concern - Page 2

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Author	Replies: 22 / Views: 3,797	Page: of 2

Conder101 Bedrock of the Community United States 17884 Posts	Posted 02/19/2015 11:54 am Quote: However, I am looking at the Red Book and each of the silver quarters in the set run about $30 at the grade of PF-65 and the set itself is $135 according to the book. I am not looking to sell, but I sure am confused. If I rip apart the set I have $150 in quarter etcs (plus the other coins), but if I leave it together it is $135. This confuses a not of newbies. The reason the sum of the parts is greater than that of the whole is because the cost of selling the individual items is higher than that of selling a single item. Say the costs for holdering, advertising, inventory etc run to $3 per item. The cost to sell the set is $3, the cost to sell the five quarters is $15. So the final sale price for the quarters has to be $15 higher than the set to break even. Not to mention that you only have to fid one buyer for the set while you may have to find 5 buyers for the quarters. That can mean a lot more time having them in inventory and one of the important things in the coin business is rapid turnover. Report this Post to the Staff
Groszy Pillar of the Community United States 589 Posts	Posted 02/19/2015 12:37 pm Quote: However, I am looking at the Red Book and each of the silver quarters in the set run about $30 at the grade of PF-65 and the set itself is $135 according to the book. I am not looking to sell, but I sure am confused. If I rip apart the set I have $150 in quarter etcs (plus the other coins), but if I leave it together it is $135. I've always thought it was that people collecting by sets only want a specific coin, not the entire set. Thus, the price of the individual coins goes up. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 02/19/2015 3:16 pm Those prices are similar to what happens to a used car that is junked. You take a car or have it towed in to a junk yard. They give you anywhere from $50 to $100 for it. Then someone tells you they just came back from that place and saw people buying parts from your old car. They were selling each part of a lot of money and it is totaling far more than you got when you sold it. Actually that junk yard could end up with thousands of dollars for all the parts of your car. Same with sets of coins. You take a Folder full of coins to a dealer. He takes all the coins out and puts each one in a flip. Sells all of them for 100 times what he paid you. This is called business. Report this Post to the Staff
jbuck Moderator United States 190060 Posts	Posted 02/19/2015 5:50 pm Quote: I've always thought it was that people collecting by sets only want a specific coin, not the entire set. Thus, the price of the individual coins goes up. Yes, you pay more for individual coins to avoid the task of liquidating the coins you do not want or need. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
SPQR Valued Member United States 327 Posts	Posted 02/23/2015 10:18 am I love that fact that people break proof sets. I have several dealers who show up at my (few) local shows who have big baskets of proof nickels, dimes and pennies broken out of sets and 2X2'd. I've built almost a full set of proof nickels from '68 to current for as little as 25 cents each...they aren't like the quarters and above which go off to be graded. The only ones I'm having difficulty with are some of the mid seventies nickels (the proofs absolutely sucked and getting a decent one is tough) and of course the Lewis and Clark commemorative set. It's cool to see the quality of the proofs improve from the 70s and 80s to now; the difference is night and day. Report this Post to the Staff
jbuck Moderator United States 190060 Posts	Posted 02/23/2015 2:46 pm Quote: It's cool to see the quality of the proofs improve from the 70s and 80s to now; the difference is night and day. I agree. My Jefferson nickel and Roosevelt dime Dansco albums have pages added for proof issues. That is, all of the proofs are on separate pages so you can view them as a set, seeing how they changed over the years. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
thetracer Valued Member United States 59 Posts	Posted 03/01/2015 6:43 pm SPQR, I think the opposite is true. The proofs now are just a too frosted mess compared to years past where the proof devices were rich and well defined. What does anyone else think? Which are nicer looking: older proofs or new proofs? Report this Post to the Staff
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