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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
 Posted - 10/16/2009 : 10:50:53
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have to opportunity to buy a collection. guy wants to sell everythign to one person. i prefer bullion type coins. he's got a lot of proof sets and mint sets.
What do dealers pay for these things? I figure i'll give him what i can resell them for on those, and give him a better price on the stuff i want to keep.
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Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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bman
Penny Collector Member
USA
425 Posts |
Posted - 10/18/2009 : 17:54:40
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each set is different, clad proof sets sell for as little as $6 and some as high as $200 depending on the year and if there are any die varieties in it.
Any idea what years they are? |
check out my coins for sale on ecrater : http://bmanscoinsforsale.ecrater.com/ |
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fb101
Administrator
USA
2856 Posts |
Posted - 10/18/2009 : 18:23:53
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| Get a blue book. |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 10/18/2009 : 21:58:22
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| or even a redbook and use about 75% of what they say in there as a value |
Inquiring minds want to know |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/18/2009 : 22:21:26
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Usually the going rate is 20% back of Greysheet bid.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 10/19/2009 : 09:56:41
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quote:
Originally posted by HoardCopperByTheTon
Usually the going rate is 20% back of Greysheet bid.
Some dealers are even 30% back. It kinda depends on the year.
Lemon I would just go to You must be logged in to see this link. and print out the latest grey sheet with prices. |
Copper Penny Investing
www.portlandmint.com |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 10/19/2009 : 11:29:42
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do you guys find it worthwhile to subscribe to the Greysheet?
i have checked it out occassionally. its a little confusing because its actually a couple of different letters I think. Do you subscribe to all of them or just certain ones? |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 10/19/2009 : 12:13:07
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quote:
Originally posted by Lemon Thrower
do you guys find it worthwhile to subscribe to the Greysheet?
i have checked it out occassionally. its a little confusing because its actually a couple of different letters I think. Do you subscribe to all of them or just certain ones?
I wouldnt subscribe to it because its to expensive for what you get. I would just spend the $3-5 per time to buy the current one that you need.
You must be logged in to see this link.
Coin Dealer Newsletter - Greysheet 10/16/2009 is the one you want.
I would just spend the little extra money and get the packets. Only thing is that you cant view these online while the one above you can.
You must be logged in to see this link.
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Copper Penny Investing
www.portlandmint.com |
Edited by - highroller4321 on 10/19/2009 12:25:12 |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 10/23/2009 : 08:47:55
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As already noted probably the best thing to do is purchase a Red Book by Whitman Publishing. Usually available at all coin stores, coin shows, Whitman web site, Walmart, Amazon, etc book web sites.
Use that book as a Guide and for pricing go about 25% to 30% less. Thab books prices are usually far off in the over methods.
However, remember that a purchasing price is not the same as the selling price. A dealer usually sells for as much as they can get which if you use the Red Book, about 20% of those prices but some dealers sell for that amount. Therefore the price you usually can sell to a dealer for is about 20% to as much as 30% of thier selling price.
Note there is really no manufacturers list price on coins. They are what people will pay for them. If you want to see the most realistic prices on coins, go to ebay.
Now as far as the person that wnats to sell the entire collection.
I'm a bit of a pessimist when something like this happens. I usually want to know why someone is selling an entire collection prior to purchasing. Could it be stolen? Left to someone as an inheritance? Someone out of work that needs the money?
If that person has any idea of coins, why not put the entire thing up on ebay? |
Carl |
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Whats a Fair Price for Proof and Mint Sets
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