Dealer Gotcha Question

Dealer had his chance. Game over.

It's not what it's worth, it's what can he sell it for backed off to reflect costs of capital, risks, etc.

If it's truly an R7 coin that hasn't been offered in the marketplace for several years, one of two things happen:

* He knows who to sell it to, makes one call, and flips it. He's looking for your price so he can maximize his profit IF there is one to be made.

* He knows that while it's rare, there's no market for it (or he will have to work hard to sell it).

He's looking at tieing up his money for weeks or months, the time he could be using that cash to make other deals with profits.

He needs it to be a price low enough to make that worthwhile. If he quotes that realistic price, you get insulted and post here about dealers trying to rip you off.

He's better off having you give a price and saying how he wishes he could, but there's no room in there for him to make a profitable deal.

You are coming to him (dealer) I would think you must have a ballpark idea of what you want for it?

Mr frog I have no idea what this R7 variety is worth.

What, exactly, were you expecting the dealer to do/say?

Your coin , your price .
Smart dealers stay away
from the " make me an offer
trap" it usually doesn't end well .

As executor I had to sell the estate's coins. I had no dog in the fight. They were modern proofs I had no interest in. It was a 25 year haphazard accumulation of US Mint offerings.

There was no haggling, no ebay, no yard sale. It took about fifteen minutes. I was pressed for time and I took the $15,000 that the established coin dealer offered.

The gold was worth the most and a little above bullion. One of the silver proof dollars was scarce and worth 100x melt. The non-silver proof sets were worth next to nothing.

The departed would probably have been annoyed with me but he no longer had any say in the matter. The rest of the family was pleased.

And that dealer has had my steady business for the last seven years.