What Can You Expect A Dealer To Buy Your Coins At

I have not met the dealer who will pay grey sheet price for coins that walk in off the street, I would not expect much over 65% of grey sheet bid price from a dealer and most will pay less than that if they can .

Metalman

10-20 percent in back of Bid. If it's Mint/Proof sets, it could be 30% in back of Bid. On rarer, more in-demand, higher eye-appeal stuff, you can expect Bid+. On really rare and highly in-demand stuff, name your price.

Thanks for all of the quick responses.

Do the dealers apply the same 20%-30% discount on blue sheet prices on certified coins?

In reality that is like asking what will a used car dealer offer me for my car. Or a new car dealer for that matter. The answer is anything they can get away with. Also, depends on where you attempt to sell those coins. If at a local coin shop, you must remember their markup has to be extensive to pay for all the utilities and still feed a family and all based on the profit of selling coins. If you take them to a coin show, every dealer will have a different story of why your coins are just not hot right now or they are over burdoned with to many of those now. The best thing to do nowadays is look up the value in the grey sheet and attempt to sell them yourself on ebay. Also, it depends on what type and how many coins you have to sell. If your selling an album the dealer will probably say he only needs the keys so the rest of the coins are just coins. That is when the battle of prices really starts. I go to coin shows all the time and have seen many, many dealers attempt to buy from people at about 50% or less than grey sheet prices. Again, they are living on a profit sufficient to pay for table rental, transportation to the show, plus raising a family.
When you evaluate your collection always remember that if you want to sell any of it you'll never get close to what you want unless you try selling each coin on something like ebay.

Once again the forum members come through.



Thanks