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 Replies: 12 / Views: 2,325 |
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New Member
United States
44 Posts |
What's the rule of thumb for Book Value Price vs Sell Value Price. Lets say you grade a coin and put a book value price on it according to the current price guide charts. Lets say for example book value is $100.00. what price should you expect to sell the coin at?
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Rest in Peace
United States
18456 Posts |
I'm not a seller but I might try $95 with '' Or Make An Offer '' .  |
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Pillar of the Community
United States
505 Posts |
I look at the book value and keep it in the back of my mind while I look at what the same coins sold for at auction. It could less or more than the book value.(Usually less)
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CCF Advertiser
United States
1533 Posts |
I grade the coin correctly, then look at the Greysheet. Coins that are priced back of bid will sell. Above Greysheet needs to sell retail.
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Pillar of the Community
United States
7273 Posts |
I look at grey sheet. Unless it's really really nice I'll only pay up to greysheet.
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Pillar of the Community
United States
819 Posts |
That depends on if you are selling to a dealer or collector.
Dealers will pay less as they have to make a profit.
Collectors will pay more as they need it.
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Pillar of the Community
United States
1261 Posts |
This is a tough question to answer without more specific details. It depends if the coin is raw or slabbed by a third party grading service and which one. It also depends on the type of coin it is. There are no rules of thumbs. It also depends on who you're selling to. A coin shop dealer may not give you the best price.
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Pillar of the Community
United States
1613 Posts |
When I see a coin I'd like to buy, I generally shoot for 75% of the value listed in the books/sheets. Coin Values price guide in my case. Which seems to have worked out nicely over the years. The same I'd apply to selling, which I've only done once in my many years of collecting. Hope that helped in answering a great question.
ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Bedrock of the Community
Australia
21786 Posts |
Book prices are the highest retail price that a dealer can expect for a coin. Such a dealer may offer to buy for perhaps less than 50% of the book value to cover all of his operating expenses. He may offer more than 50% of the book value, if he knows that he can make a quick turnover. An ebay seller can undercut a dealer by easily selling at a lower price, but there will be extra expenses involved with ebay fees and shipping. |
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Bedrock of the Community
United States
17884 Posts |
There is no rule of thumb. What you will be offered is going to vary depending on how common or rare the coin is? is the series a popular one or not so popular? How many does he already have or how often is he offered them? If it is a key or semi-key in a popular series the dealer may be having problems keeping them in stock. In that case he may offer 90 to 95% of book. A more common piece in a popular series he may have several already or it may be in stock for a long time before he's able to move it. So h may only offer 60 - 70%. Same thing if he is offered a better piece in a less popular series. He gets little call for them and they will sit tying up his money for a long time so even for a key or semi-key he may only offer 70%. A common piece in a less popular series you my be lucky to be offered 50%. Something from an obscure series you may only get 20%.
Price guides (book values) are only suggestions or estimates and offers can vary widely depending on real world circumstances.
Edited by Conder101
06/11/2020 12:04 am
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Pillar of the Community
United States
5825 Posts |
Quote:
I look at the book value and keep it in the back of my mind while I look at what the same coins sold for at auction. Auction results are the most accurate pricing method. Based on auction results I subtract fees and S&H and that plus a small increase is my bid. In most cases that means my bid is about 80-85% of my calculated value. The grey sheet is probably about the second best pricing source. Since I don't think fees and S&H is included in their catalog values 90% is a good starting point. For low value items (<$50) ebay is probably the best source of values. Remember to only use completed auctions/sales on ebay. We don't care how much an item is listed for; we only care how much it sold for. You can see the sold prices by using the "Advanced" capability in the upper right. |
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Pillar of the Community
United States
4989 Posts |
Usually grey sheet + 15% for retail but if you like the coin the sky is the limit. Every coin is unique, and you should be buying the coin not the holder. As an example, I've bid 300% over grey sheet for fantastic toning.
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Bedrock of the Community
United States
20753 Posts |
As mostly already noted, no real answer. A coins value is what it is to each person.
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Replies: 12 / Views: 2,325 |
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Posted 06/10/2020 12:52 pm
