How Much Should I Pay For A Coin? - Coin Community Forum

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Author	Replies: 5 / Views: 1,401
snitchard Valued Member United States 420 Posts	Posted 05/26/2016 6:33 pm Hello, I'm just getting back into coin collecting after a couple of years off and I was wondering about how much to pay for a coin. Here are 2 examples of what I'm seeing I'm looking at a 1988 Silver Eagle. This coin retails for about $29 and a local dealer is selling for $30. I'm willing to pay the $30, am I over paying? I also saw a 1976 3 coin mint set at an antique shop selling for $40 My online research showed the average price for this set to be about $21 so I will not be buying that set because that is way over priced. Am I on the right track At coin shows I aim for about 15% under retail. Thanks, Rich Rich M. - Collector since 2008 Report this Post to the Staff

CoinCollector2012 Pillar of the Community United States 8137 Posts	Posted 05/26/2016 6:45 pm Looks like you know what you are doing. Remember, no price is set in stone, I always try to negotiate a better price when I am buying a coin. One of the things I aim for is to never pay the price on the 2X2. You could also look at ebay as a buying option. Here is one that is a dollar more, but you could probably get an offer accepted in the high $20s http://www.ebay.com/itm/1988-Silver...AOSwHPlWg0r4 Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 05/26/2016 7:08 pm How much should you pay for coin? How much can a Polar bear? A better answer is: Do your market research first. A following answer could be: How much will the market bear? Unfortunately, Mints set their pricing for new product with this philosophy in mind. Fortunately, the aftermarket usually sort these sorts of pricing errors out. At least, you are already on the right track with your own market research. A good discipline to have with any expensive coin purchase. Same applies fake research. Report this Post to the Staff
Andrew99 CCF Advertiser United States 1533 Posts	Posted 05/26/2016 7:55 pm 1988 Silver Eagle $25 1976-S 3 pc mint set $18-20 Those are retail prices Report this Post to the Staff
Parklane64 Rest in Peace United States 2668 Posts	Posted 05/26/2016 8:38 pm What you think it is worth. Report this Post to the Staff
T-BOP Rest in Peace United States 18456 Posts	Posted 05/26/2016 8:54 pm I would say look at e-bay for those coins. And like CoinCollector2012 says : Never pay the price on the 2x2 holder ,no matter where you buy from . Report this Post to the Staff
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