Just Got Back From Looking At A Few Coins

I'd buy them all, if money was not the question, but it's always a question with my wife.

It's an all or nothing deal. I know what he want's, but I know what I want to pay. Now we have to agree. He has been a good source of rarities for me so I need to be fair without burning a contact.

He's in the 50's. I would much rather be in the low 40's high 30's. I think the gold piece would be in the 15-17k range, but until the others get graded it's a crap shoot. The scratch on the one morgan could get it a details grade and that will kill the value. The seated liberty is definitely details, but with it's rarity it may not hurt the value to bad. It's homework time.

bluesheet is 17,000 for ngc AU58. With the buyer premium added at heritage an NGC AU55 recently sold for 18,800, so it was bid to ~15,500. They also sold a PCGS AU55 for 23,500 subtract the BP and that's a bid of 19,400. I'm gonna have to turn them quickly so I need to get them low enough that I can quick flip them. I would ove to keep them, but it's a lot of money to tie up right now. I've bought to much recently with a xrf scanner and I just bought another truck today that
I'm picking up Wednesday.

It's easy to spend it, it's hard to get it back into the bank account.

I'd try to secure the classic gold and 73-CC quarter for sure.

Just thinking out loud here.

If he wants an all or nothing deal but that puts it a little beyond what you'd want to pay to be able to flip them, maybe compromise. Less money up front, but let him participate in the back end of the deal. It sounds like he has a lot of great coins to unload and this may be what you need to do to sink the hook into this fish deep enough to reel him to shore.


Just making numbers up, but if he wants $50,000 firm and you'd be able to flip them quicker at 35 or 40, maybe offer him the 30 or 40 now plus some additional money depending on what you sell the coins for and maybe even alter that with a time component. Something like 30 grand now plus half of anything I get over 40 grand within a month otherwise five grand more at the end of the month and then half of anything over 50 grand. I don't know, like I said, just thinking outloud.

I once bought a whole division of Rubbermaid over the third competitor in that industry. Key to the deal wasn't the price as much as we made it easy on them to deal with us. I would uninstall their factory and have it done by such and such date so they could move their TX facility up north. I even bought up their old regrind and unused raw chemicals. Sure I made a profit off them too, but I also solved a lot of their potential headaches and made it impossible to say no.

Do whatever it takes to get the fish to shore. You are wise to not want to tie up your cash. He has already tied up his cash. By letting him in on the back end in exchange for a little less on the front end and I think you two can make many a nice deals going forward.

Cartwheelcollector you and I are dead on with the pricing for the gold piece and the Seated dollar. The Morgans definitely are the issue for me. You can't really see it, but there is a staple scratch on the obverse of the one that could take it to a details grade which would kill the value. The other one though is a very nice example and definitely needs to be slabbed. There are also other coins and currency that he will sell once we make the deal, so it could be worth it to overpay a little on this in hopes of making it up down the road.

Also checks aren't very impressive. When I do larger deals like this, I drop $100 bills on the table. When you see a stack of them it usually makes it harder to say no.

I know checks aren't impressive, but it takes my bank a week in lead time to give me $26k in cash since they have to custom order it, so kind of hard to do that. Also, $26k in hundreds starts to get kind of unweildy, that's 2.5 "straps" of $100's. Any time I've done transactions over $15k it's been in a bank since I don't own a store. You just tell them, "This check is good and is what I will pay. You can walk up to that teller right now and deposit it into your account right now, and I can take these coins, or you can put these coins back in your Safe Deposit Box and hope somebody else with $26k to spend wants them. Your call." Works almost every time.

Now for transactions $10k or less, I just bring two bundles of $5k in cash since my bank can usually give me $10k on demand.