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 Replies: 13 / Views: 1,474 |
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New Member
United States
2 Posts |
I am somewhat of a novice at selling coins and had an experience today that made me think I was being cheated by a coin dealer. I took a NGC graded MS-64 1921-D Morgan dollar in to a local coin shop to see if they would buy it. They offered me $200 and showed me this magazine which showed the Blue Sheet price of $200-250 as justification for the offer. I thought this was quite low based on my online research. I researched online and discovered they stopped publishing the Blue Sheet in 2018 so this had to be an old price list. The owner told me it would be worth $300 if it was a PCGS graded coin. Was the dealer low balling me and using outdated information? Thanks. |
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Pillar of the Community
United States
1227 Posts |
He or she is in business to make money I know nothing of value of that coin but do know if it's worth a certain number they are going to pay you less so they can make money them self. They are dealers not collectors.
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Moderator
 United States
15385 Posts |
 to the CCF Dealers that I have sold to generally start their offers at '10 back of Bid' - which is 10% less than the current Greysheet Bid price on the coin. Greysheet is the monthly publication of CDN (Coin Dealer Newsletter) and is available to anyone for a single issue price of $9.99 If you want current pricing on coins to sell (or purchase) through a professional dealer then purchase a single copy of the current month Greysheet and use that as your guide. To get you started - Greysheet has two prices for each grade of each coin listed. Bid and Ask Bid is what a dealer will sell a coin direct to another dealer - think of this as the wholesale price. Ask is what a dealer will sell a coin to you - think of this as the retail price. So - '10 back of Bid' is what a dealer will generally pay you to purchase your coin, This is, obviously, 10% less than the wholesale price and gives them the pricing cushion necessary to sell the coin and make a profit. Always keep in mind that Greysheet like all other price guides is just a guide. Lots of other factor can affect the value of a coin such as strike, eye appeal, toning, TPG name, etc. To answer your question on that 1921-D Morgan and whether or not you were being lowballed - the answer lies in the current Greysheet should you choose to purchase a copy. Take a look at my other hobby ... http://www.jk-dk.art |
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Moderator
United States
56855 Posts |
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Bedrock of the Community
United States
94367 Posts |
ebay "sold" results are your best guideline. to the CCF!
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Bedrock of the Community
United States
19111 Posts |
The market place--warts and all. Yes, ebay sold info is a good indicator. |
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Pillar of the Community
Canada
5392 Posts |
A single copy of Greysheet is $40.00 . The days of a single copy @ $9.99 long gone . Check out their website ! To the OP , Bluesheet pricing is still in the current Greysheet , APRIL 2023 pricing Bluesheet In MS64 is $250 for NGC 1921D. PCGS is higher. That said ebay SOLD prices are WAY HIGHER! Doubt the dealer was messing you up . All smart dealers use Greysheet and generally pay 10 to 20 Back of bid depending on needs /wants Edited by Pacificoin
04/13/2023 10:15 am
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Moderator
United States
187544 Posts |
to the Community! Your post was moved to the appropriate forum for the proper attention.  |
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New Member
 United States
2 Posts |
Thanks to all for your comments. They were all very helpful.
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Pillar of the Community
United States
4233 Posts |
Heritage sold prices for 1921-D $1 MS64 since the first of the year range from $252 to $540 for one with CAC. I'm not going to add them all up but I'd estimate the average is around $350. The dealer offered you around 60% of that which seems typical.
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Pillar of the Community
United States
4468 Posts |
Recent ebay NGC MS64 1921 D sold are in the $400 range. If you sell on ebay, the selling cost is going to be about $60. If you sell the coin at Great Collections Auction, you will most likely net over $300 with fees and shipping. The dealer was low balling you a little bit, but they need to make a profit to stay in business. Edited by Slider23
04/13/2023 2:58 pm
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Pillar of the Community
United States
4468 Posts |
There is not a $100 difference in value for similar MS64 1921 D between PCGS and NGC as the dealer noted. The difference in value is mostly going to be because of toning, luster, marks, CAC sticker, and varieties.
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Pillar of the Community
Canada
5392 Posts |
Actually there is a big difference between PCGS
& NGC in Blue Sheet Pricing on this particular
issue .1921 D MS64
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Pillar of the Community
United States
2280 Posts |
You got a fair offer.
You're lucky he didn't offer you greysheet or back of greysheet.
You realize when you know how to think, it empowers you far beyond those who know only what to think.
-Neil deGrasse Tyson
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Replies: 13 / Views: 1,474 |
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Posted 04/13/2023 08:09 am
