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 Replies: 14 / Views: 2,429 |
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Pillar of the Community
Canada
5240 Posts |
I got this at a good price from my dealer. Here in Canada they are not valued so much. What would a reasonable dealer pay me for this in the United States?
Assume that this is accurately graded.
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Pillar of the Community
 United States
2843 Posts |
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Pillar of the Community
United States
4212 Posts |
Although they've sold for $50+ on the bay, BS is about spot on.
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Pillar of the Community
United States
8715 Posts |
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Bedrock of the Community
13014 Posts |
30ish sounds right if they even would. A lot of dealers don't like buying lower value common date common grade Morgans, most already have a bunch but more importantly they're basically always available wholesale in any quantity they want for cheaper than from the public. If you want to flip it put it up on ebay |
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Bedrock of the Community
United States
12057 Posts |
This is one of those coins and dates that pretty much any US coin dealer will have on hand. Unless it's exceptionally choice for the grade (e.g. CAC, attractive toning, undergraded) you are not likely to get much interest from dealers at anything resembling FMV. I think basebal21 has the right idea here, and BigSilver/SilverDollar2017 are thinking along the same lines as well. Put it on ebay with a $0.99 start and no reserve and let it roll. Alternatively, offer it for sale here on CCF and perhaps a CCF member will snap it up for you! Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Bedrock of the Community
13014 Posts |
Quote: Put it on ebay with a $0.99 start and no reserve and let it roll. I would NEVER do this ever. This is how you give things away as a seller especially common things, especially when you aren't a mega seller. Do a Bin (maybe a little under value if you hope to be quick). But .99 cent auctions you might as well just sell it to a dealer as you would probably make more than that style auction especially as a small seller Edited by basebal21
09/01/2018 12:53 am
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Pillar of the Community
United States
1590 Posts |
I have to disagree Basebal21. I put pretty much everything up for 99 cents, starting out. IT is true that you can get burned. I've had it happen a couple of times once very spectacularly ( an item that grey sheeted at $300 went for the 99 cents...and I had 10 watchers...just goes to show that nothing is certain). Usually that low starting price gets me more than if I did a BIN. People are looking for deals and get bid happy. I occasionally sell at a local auction where everthing starts at a penny. Now THOSE people generally bring the RedBook to the auction...I kid you not. In ten years of selling I have made more with a 99 cent start than I have lost. But you do have to be prepared for the losses. |
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Bedrock of the Community
13014 Posts |
Quote:
I've had it happen a couple of times once very spectacularly ( an item that grey sheeted at $300 went for the 99 cents...and I had 10 watchers...just goes to show that nothing is certain). Proof in point. Something that awful (which happens because the auction buyers who encourage others to list that way hoping to get cheap buys) no place where things that egregious happen should ever get those auction style listings. Buyers are usually the ones telling people to sell that way hoping for a deal, small sellers get hammered pretty consistently with that. |
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Pillar of the Community
 Canada
5240 Posts |
Thanks for the comments. I am in no particular rush. When I go to the US next year, I may bring it along and see if any dealer wants to buy it, now that I know it should be more than I paid for it.
Edited by oriole
09/01/2018 05:17 am
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Pillar of the Community
United States
3402 Posts |
Why don't you try putting it on a CCF selling post?
KK
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Pillar of the Community
United States
1590 Posts |
basebal21, I tried the bin route. I put things up there for what I knew were good prices. Generally 10 percent below average sold prices on ebay. Most of it just sat there for a couple of months with little turnover. I then re-listed at 99 cents and most went for MORE than the bin price, and the one that did not went very close to my bin price ( within a dollar of a 50 dollar item) |
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Valued Member
United States
175 Posts |
I have to agree with Baseball that a .99 starting auction price is very risky especially for a common readily available coin. You can always list it BIN with the option to accept offers. It's not like the OP is a dealer with 100's of coins listed for sale where he can dollar cost average across all of his listings. This is a 'one of' sale for now and at .99 he's open for disappointment.
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Pillar of the Community
United States
8516 Posts |
jmkedall is spot on. I've done it time and again.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
13014 Posts |
Quote:basebal21, I tried the bin route. I put things up there for what I knew were good prices. Generally 10 percent below average sold prices on ebay. Most of it just sat there for a couple of months with little turnover. I then re-listed at 99 cents and most went for MORE than the bin price, and the one that did not went very close to my bin price ( within a dollar of a 50 dollar item) It certainly can happen especially since ebay started messing with listing visibility and now with promoted listings where fakes will pay a huge chunk to be promoted to the top. That said for the vast majority of collectors selling a few coins, they are going to eat it and eat it hard on a 99 cent auction. There are simply to many common things for every auction to get the proper exposure at all times and the stores and big sellers and promoted sellers will all get priority over the occasional or small seller. |
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Replies: 14 / Views: 2,429 |
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Posted 08/31/2018 5:22 pm
