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City38
Penny Sorter Member
62 Posts |
 Posted - 10/21/2009 : 22:37:14
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Hello again. I always run into those folks who have a few junk silver coins that they have found in change but they never want to part with them. I offer 10x but no takers. Any advice on getting those few coins?
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/21/2009 : 22:41:35
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What do they like?
Sometimes trading is better than offering FRN's! |
There's profit if you melt things!!
8{> |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 10/22/2009 : 16:50:53
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Hi there-
10X is too low. Remember, don't get into metals to MAKE money, only to save it. If you offer whatever coinflation pricing is at, you'll probably get sellers.
JMO!
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 10/22/2009 : 19:04:22
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Maybe those who have found a few silver coins in circulation don't want to part with them since it is the only silver they have.
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n/a
deleted
64 Posts |
Posted - 10/22/2009 : 19:39:35
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| It's about the motivation of the owner/seller of the item. Someone that is not looking for a buyer, is not really looking to sell. If you are approaching / bringing up the topic, expect resistance. If they respond to your ad, they are motivated sellers. I buy single coins often, brought to my business and buy for way less than 10x. Search the forum on the topic of buying silver for less...and good luck! |
"it is the tradition that a Kentuckian does not retreat, he does not have to" |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 10/22/2009 : 21:02:05
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Just let them know yout always willing to buy. A lot of times a month later or so they call...
But I have found that most of the time they think what they have is more valuable then what it is. Some people are afraid to sell what they don't understand. So they figure its better to hold onto it.
Let them know your willing to help them appraise what they have and all you ask in return is an opportunity to buy from them before they sell to a coin dealer or someone else.
For example. I work with a guy he is looking at getting values of his Mothers coin collection to sell. He told me some of the coins he has and what a dealer offered him.
One that peaked my interest was a 1831 Bust half. The dealer offered hime about 50.. SO its probably worth closer to 100 at least. maybe more if the dealer is real scummy.
I said I would probably be interested in it and guarantee I would offer a better price + I would help him with the rest (appraising)...
I can't wait to see this half and other goodies he may have...
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City38
Penny Sorter Member
62 Posts |
Posted - 10/22/2009 : 21:46:40
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| Thanks for all the advice. I enjoy finding new sources for silver, and love to see what people have. I found a place near my home that sells junk at 10x...the owner said he could'nt find anybody that wants to buy at any price. oober, I think your right, I believe people fear selling something that may be really valuable, but don't take the time (or know how) to research what they have. Wags, I just throw out the 10x because its so easy to figure in my head, I would pay more but it never gets that far. I guess it is a learning process like everything else. I never have been one to haggle prices. more advice welcome! |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 10/22/2009 : 22:09:31
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Hi there-
No, you're right- there are lots of places to get silver at 10X or much lower.... ; ), but I don't think they'll be selling for 10X on THIS forum... :P
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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bman
Penny Collector Member
USA
425 Posts |
Posted - 10/23/2009 : 21:54:28
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| try offering a trade with some common date Indian cents or V nickels or other cheap but old coins they are not likely to find in change. |
check out my coins for sale on ecrater : http://bmanscoinsforsale.ecrater.com/ |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 10/23/2009 : 23:15:51
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quote:
Originally posted by City38
I found a place near my home that sells junk at 10x...the owner said he could'nt find anybody that wants to buy at any price.
I would buy EVERYTHING he has for 10X
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You don't have to be the BEST you just have to be.......SLICK
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/23/2009 : 23:55:29
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If he can't find any buyers at 10x, then offer 9x for the entire lot and flip it here for 11x.  |
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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City38
Penny Sorter Member
62 Posts |
Posted - 10/25/2009 : 11:38:48
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bman, that might work. some of these people love the history associated with older coins.
Slick, I know you are in the Carolinas...and I know you would buy everything at 10x, thats why my source must remain a secret!
Hoard, I think my guy would go as low as 8x. too bad most of my money is tied up (freed up?) in PM. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 10/25/2009 : 13:08:54
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quote:
Originally posted by City38
Hoard, I think my guy would go as low as 8x. too bad most of my money is tied up (freed up?) in PM.
Go make your deal at the lower price, then sell some of your other PMs here at the higher price to pay for the new stuff. You dollar cost average down this way. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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CajunCoin
Penny Sorter Member
USA
26 Posts |
Posted - 11/07/2009 : 20:24:15
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| I have found to offer going rate, some if not most "dealer" types meaning retail only offer 4 to 9 times face when buying and want to sell at 13 to 15 so you just be competitive, it will show up. |
Real Money Rings True. |
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Those few coins
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