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 Replies: 24 / Views: 2,692 |
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Pillar of the Community
United States
7629 Posts |
Got someone who wants to sell a roll of 2011-S proof cents at a decent wholesale price, but wants me to come up with what that price is. I'd like to say I know enough about this stuff to do that, but I'm frankly stumped at what would seem to be an easy task.
Anybody here got any idea what I should pay for a 2011-S roll of cents?
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Pillar of the Community
United States
3276 Posts |
Good luck, most people come to you for answers! lol, hope you get an answer that helps!
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Valued Member
United States
302 Posts |
Say ten bucks. Hes probably thinking 25 then you can meet in the middle.
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Pillar of the Community
Australia
652 Posts |
I would suggest starting at what you would get for them by selling them seperately and then offering a discount on that amount. Assuming the buyer is a dealer, then s/he would be considering a price about 60-70% of retail (which should be your starting price).
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Pillar of the Community
United States
3592 Posts |
Right now they are bring $3-$5 a piece on ebay unslabbed. |
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Pillar of the Community
 United States
7629 Posts |
Yeah - over 5,500 posts on this forum and I think this is the first thread in which I've actually asked a question for which I didn't know the answer before posting.
Ten bucks? Umm, no? Do you have any? I'd be glad to triple that. Offering ten bucks to him would get them sold to someone else. The price per roll is going to be somewhere between $80 and $180. Problem is, I'm not sure exactly WHERE between those numbers I should be.
$3 per coin would be $150 per roll. $5 per coin is $250 per roll. I was thinking somewhere around $2 per coin - $100 per roll. Hmm...
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Pillar of the Community
United States
3278 Posts |
My first thought was at least $100 a roll.
After of course thinking "this guy is asking us a question":>
But really you know you'll get you money back at $150-$200,
but how quickly?
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Valued Member
United States
302 Posts |
Im cheap thats why I said ten bucks  I'm not very firmiliar with proof coin values. According to the information others said Id say 100-125 is a fair offer. |
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Pillar of the Community
United States
7629 Posts |
I kinda figure I'd be favoring collectors selling a PDS set at $5. They'd have a nice P and D mint coin each that I'd have about 50c cost into each, then the proof at about $2, then the materials to put the sets together - around another 50c. That's $3.50 cost into each set, $1.50 profit per $5 set (of course shipping would be additional). That's digestible to me. I think I'll offer $100 a roll and try to get three rolls.
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Valued Member
United States
307 Posts |
My thought is $160-$180 and that would be a fair price. But you are more informed than I.
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Pillar of the Community
United States
3592 Posts |
Yes, I agree with $100 per roll.You almost have to assume $3 a coin retail and you're buying wholesale.At least you won't insult him and have a little room to go up if necessary.
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Bedrock of the Community
United States
19935 Posts |
In my experience proof rolls are subpar, lower grade coins. There's a reason they're in a roll. Sometimes they are impared from banging together too. In a roll, they sell at a discount everytime...I've never seen an exception. I can't recall if these are in CDN either....at work so I can't look. My gut would be $1.50-2.00 max per coin. So, $75 would be a good deal and $100 would be on the high-end. IMO, $80 would be a fair offer.
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Pillar of the Community
United States
7629 Posts |
Actually I know where these came from - straight out of fresh sets. And the reason they are in rolls is because the people selling them to me don't deal in cents. They got the sets for the quarters and dollars. I could probably have the nickels at a big discount too...but am not sure I'm interested in those. I despise nickels.
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Valued Member
United States
234 Posts |
Well, if they are nice coins as you say, then $100 a roll is a great deal. If they average Proof-65 then I would happily to pay $150 a roll all day long! I think your proposed offer of $100 per roll is a fair one that shouldn't insult the seller. Good luck!
Chugly
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Bedrock of the Community
United States
20753 Posts |
Quote:
In my experience proof rolls are subpar, lower grade coins. There's a reason they're in a roll. Sometimes they are impared from banging together too. In a roll, they sell at a discount everytime...I've never seen an exception. I can't recall if these are in CDN either....at work so I can't look. My gut would be $1.50-2.00 max per coin. So, $75 would be a good deal and $100 would be on the high-end. IMO, $80 would be a fair offer.
That too is the first thing I thought of but as you said, you know where they came from. I'd still be cautious on this one. Reason is do you know how they were handled? Do you know if they are now scrated from being put into a roll? Complete roll? Or how many in that roll? I'm a little on the pessimistic side when it comes to buying something sight unseen. I too would say $75 to $100 and only if you think you could turn them around easily. IF, and a big IF, you could turn them around easily, account for the 2x2's or whatever you put them in, make a decent profit, trust the person your buying them from, then maybe. |
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Pillar of the Community
United States
7629 Posts |
Lemme put it this way...
I worked for the company that is selling these to me. I know exactly how they handle coins. I know these coins are going to be int he same condition they were in when they came out of the sets, and I know they are handled with care.
BTW...Chugly - "average" for proof coins coming out of the sets should be closer to PR67-PR68...not PR65. PR69 commands some premium, and PR70 is a higher dollar coin. A PR65 is actually a low grade coin for new proofs coming directly out of the sets.
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Replies: 24 / Views: 2,692 |
Posted 02/23/2011 01:22 am
