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 Replies: 12 / Views: 2,156 |
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New Member
United States
10 Posts |
Selling to a coin store, what would the percentage of the spot value I should expect to receive?
Thx!
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Pillar of the Community
United States
1494 Posts |
I'm not an expert, but here's my Two Cents. You should find a place that buys it right about spot. I suggest a bullion or coin dealer. Try to avoid going to a pawn shop as they don't give the best prices. |
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Pillar of the Community
United States
4333 Posts |
About 10% below spot.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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New Member
 United States
10 Posts |
I was planning on going to a coin dealer in the Houston area. Just wanted to get an idea what I should expect and what would be considered getting ripped off.
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Pillar of the Community
United States
2637 Posts |
My LCS in Texas pays $9:$1 for junk; $14:$1 for cull dollars. If you are discussing rounds, bars, or sovereign rounds, that is a different discussion
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Pillar of the Community
United States
759 Posts |
You can call. They would likely tell you their current buy prices. I called a couple of coin shops about gold recently and for US bullion, they were at 3-5% below spot, for foreign bullion, a little less.
Edited by OneBowl
04/10/2019 2:52 pm
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New Member
United States
10 Posts |
Ty for all your replies, I should have a good idea on how to approach it and would like to thanks again for the insight!
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Bedrock of the Community
13014 Posts |
Depends what you are trying to sell
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Pillar of the Community
United States
1913 Posts |
Your best bet is to go to a coin show and take offers from dealers. One of them will make the best offer.
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New Member
United States
10 Posts |
I will not be able to do a coin show. I am limited for time. I am selling for my parents and I will only be in the area for 3 days.
The item is a gold 1oz. Krugerrand 1984
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Pillar of the Community
Canada
3733 Posts |
i wouldn't sell it for less than spot price.
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Pillar of the Community
United States
616 Posts |
Dunno the Houston market. Maybe you'll get lucky and someone from there will post here.
Also Google the area and see what the reviews are at the local coin shops.
IF you are in a hurry to sell something, you open yourself to fraud by the unscrupulous and raise suspicion among those with scruples.
It's a lot easier to sell a valuable if you aren't in such a hurry.
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New Member
United States
10 Posts |
It is really not that much about being in a hurry I guess I miss quoted. But about I'm limited in time, fact is, I'll only be there three days. That's why I'm trying to get as much information as I can before I go.
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Replies: 12 / Views: 2,156 |
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Posted 04/09/2019 05:22 am
