Recent Coin Show-Dealers Feedback - Coin Community Forum

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Author	Replies: 4 / Views: 1,144
murty Pillar of the Community United States 1353 Posts	Posted 03/31/2015 5:21 pm I recently went to coin show to sell a 1990 MS-69 $25 Gold Eagle graded by NGC. They looked up the price in their greysheet. There prices were for all bu coins of that date.I was asking $200 less then the bid price. Basically same response-Very nice coin,my price was fair but there is no demand at the current time so thanks but no thanks.. I understand they do not want to tie up $$$$$ in inventory,but the spread say from MS-60 to Ms-69 is considerable.I was glad to get their market opinion but disappointed on interest of the high graded differances. Any thoughts or enlightenment appreciated. Thanks Report this Post to the Staff

westernsky Pillar of the Community United States 7618 Posts	Posted 03/31/2015 5:57 pm Tying up money on a coin that may become "dead" inventory does not make good business sense. It's all about supply and demand...especially with "better" date/condition AGE's. That's why they told you what they did. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 03/31/2015 6:05 pm In fifteen years a total of 13 1990 G$25 Business Strikes have crossed the block at Heritage. And as it's an added-value coin in the grade, a dealer has to sink the cost of a Saint or 5 good Morgans into it. It's valuable but too niche for a generalist. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 03/31/2015 7:48 pm Try to remember that those dealers are there to make money. Usually they will not buy stuff for large sums of money at the show. They need money to change bills for customers and tying up to much cash at the show is not smart. Yes they will buy some coins but you would really need the right show and right dealers for that coin. Report this Post to the Staff
murty Pillar of the Community United States 1353 Posts	Posted 03/31/2015 10:49 pm Thanks for all the feedback.....I understand the BUSINESS aspect,was suprised at the lack of a demand for coin in low supply.Lesson learned......back to Economics 101. Report this Post to the Staff
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