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 Replies: 17 / Views: 4,077 |
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Valued Member
United States
124 Posts |
ive started breaking open presidential proof dollars and start spending them. why? because coin shops offer me less than face value for them. well thats dumb I rather spend them for face. anyways this are problem proof coins,smudges,toned etc. mintproducts offer me $3.50 for the $4.00 face value proof set? why will I sell for less than face? State Quarters also they offer me $1.00 for the 50 state proof quarters sets. the face value is $1.25. So it seems the proof coins are worth less than face value. How is that possible or legal. sell a $1 for 0.75  |
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Pillar of the Community
 United States
5828 Posts |
sell em on ebay for full $$ list individual coins for $2-$5 depending on denomination. |
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Valued Member
United States
221 Posts |
You could get more on ebay. Start the bidding a couple cents lower than face or at face and someone will bid and raise the price. |
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Pillar of the Community
United States
3843 Posts |
Well you've learned that you need to research ( ebay completed auctions, heritage, stacks) the items you're interested in before you buy. Many collectors do this before buying to gauge the resale market in case they need to sell down the road. If the dealer wants too much don't buy it in the first place. There are big margins in the coin business, not unlike many industries. Modern coins that have been hyped up by big marketers aren't good investments. |
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Pillar of the Community
United States
3058 Posts |
Quote:sell em on ebay for full $$  |
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Valued Member
United States
449 Posts |
Quote: ive started breaking open presidential proof dollars and start spending them. why? because coin shops offer me less than face value for them. well thats dumb I rather spend them for face. anyways this are problem proof coins,smudges,toned etc. mintproducts offer me $3.50 for the $4.00 face value proof set? why will I sell for less than face? State Quarters also they offer me $1.00 for the 50 state proof quarters sets. the face value is $1.25. So it seems the proof coins are worth less than face value. How is that possible or legal. sell a $1 for 0.75 Got any 2012 proof Presidential dollars you want to sell? None of the coins are worth less than face value, they're just trying to buy them for less than face. Edited by RCook
05/06/2016 7:39 pm
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Bedrock of the Community
United States
20753 Posts |
Put on ebay and list as highly unusual, fantastic original, stunning PROOF coins. |
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Forum Dad
 United States
24147 Posts |
I'll give you face value plus shipping and give them away to kids.
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Pillar of the Community
United States
1191 Posts |
Quote:
I'll give you face value plus shipping and give them away to kids. I'm kids  |
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Pillar of the Community
United States
4587 Posts |
'Kids' must be shorter than 4' 6"
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
1191 Posts |
Quote:
Kids' must be shorter than 4' 6" A step stool wouldn't help me than  |
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Pillar of the Community
United States
7390 Posts |
Didn't know you were a "hightest" Burton |
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Pillar of the Community
United States
4587 Posts |
No, but a photo was posted of Hello There at the Elgin coin club meeting - he's got to be 6' 3"
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
7390 Posts |
Almost as tall as me  |
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Pillar of the Community
Canada
5238 Posts |
@Alvaro77, rather obviously the dealer does not need or want those proof coins.
While there is nothing illegal about offering less than face, it seems like a poor business practice to make such an offer.
My LCS advises its customers to just spend the ones that are only worth face value.
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Valued Member
United States
354 Posts |
I'm a kid! Short and proud.
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Replies: 17 / Views: 4,077 |
Posted 05/06/2016 5:53 pm
