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 Replies: 9 / Views: 1,396 |
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Valued Member
United States
364 Posts |
If I wanted to trade some coins with a dealer for some specific coins I want, will it be a fair trade, generally (the dealer is an honest guy), or will the dealer generally expect to come out a little better to make some profit?
Reason I ask is I'm about to come into some nice junk silver, and I'd love to maybe trade a few of the coins for stuff I don't have, like indian head pennies, etc.
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Valued Member
United States
467 Posts |
A fair trade is where the dealer will make a small profit. Overhead is not cheap.
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Pillar of the Community
United States
524 Posts |
I would sell the silver for spot then take the cash to the dealer. You would probably come out further ahead. He will not give you full price for the silver knowing he must sell to get any money.
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Bedrock of the Community
United States
10982 Posts |
I agree with BLUESZONE that selling and then taking cash to the dealer often results in "more for your money". However, if your dealer will pay close to spot (say 95%) and you don't want to mess with selling yourself, then a trade can work out fine.
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Pillar of the Community
United States
2120 Posts |
Yea, I would say selling and then buying is the way to. I've only been in a few situations where I got more out of doing a trade than I would have for just selling. But thats cause I was clearing his inventory and giving him more easily sell-able items.
Selling to nondealers gives everyone a better deal. you sell for more than the dealer would pay, but the buyer gets them cheaper than the dealer would have sold for.
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Pillar of the Community
United States
1042 Posts |
Quote:
However, if your dealer will pay close to spot (say 95%) and you don't want to mess with selling yourself, then a trade can work out fine.  I'd also like to add that you'll probably get a higher price for your junk silver if the dealer knows that you're planning on spending the money from the sale inside his/her store. I've done this in the past with my local dealer. His profit will come in the purchase of the coins you plan on buying. |
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Valued Member
United States
127 Posts |
I agree with Scotty.  |
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Valued Member
United States
368 Posts |
tried doing this with a guy who deals around my area
he was all about making money though
told me he would give me like 90 cents for a silver roosie dime
and he was selling other roosies to me for 1.30 or more
I walked from that offer and havent had time to find another dealer
I just continue to roll search,
its more impressive filling albums with finds rather then buying things in my opinion
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Pillar of the Community
United States
511 Posts |
As always, get more than one offer.
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Valued Member
India
265 Posts |
Even the dealer is expecting get some profit, when you expect get all the profit ,what would the dealer get in return. Be reasonable, even the dealer has a business, when you are money oriented the dealer would also be money centric, if not he will become bankrupt. so when you come across a good offer, use your basic instinct and go in for the deal.
Chance favours the prepared mind.
warm wishes.
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Replies: 9 / Views: 1,396 |
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Posted 10/11/2010 12:55 pm
