Buy/Sell at 50/50?
Coffee's For Closers
country, with low competition.
What do you think about a dealer (physical, storefront) with a
general policy of 50/50 buy/sell rates? Meaning that, if an item
has a catalogue price of $100, they will offer you $50. This
includes NCLT proof sets, and also junk silver. This means
losing money on sets from the past several years, compared to new
price.
Is that just a little too harsh? Maybe justifying the hassle of
eBay, if there is sufficient time (weeks and weeks, maybe?)
As I said, small market, less competition.
I am asking generally, without any concern for any "hot"
speculative items.
Thanks...
--
Get Credit Where Credit Is Due
http://www.cardreport.com/
Credit Tools, Reference, and Forum
Bruce Remick
"Coffee's For Closers" <Usene...@THE-DOMAIN-IN.SIG> wrote in message
news:MPG.2570ffe7...@news.eternal-september.org...
> OK, maybe the issue here is geographic... A small (non-US)
> country, with low competition.
>
> What do you think about a dealer (physical, storefront) with a
> general policy of 50/50 buy/sell rates? Meaning that, if an item
> has a catalogue price of $100, they will offer you $50. This
> includes NCLT proof sets, and also junk silver. This means
> losing money on sets from the past several years, compared to new
> price.
This assumes you received no $$ equivalent of enjoyment as a collector from
these items over years of ownership, and that you somehow expected to make
money after a few years. It might be less of an issue if that dealer had a
50/50 buy-sell policy on *all* coin-related items offered him -- not just
the hot stuff he can turn into a quick profit. Paying 50% of spot for junk
silver doesn't seem very competitive, and sounds like he is willing
accommodate any suckers but would otherwise rather not get involved in
handling junk silver.
>
> Is that just a little too harsh? Maybe justifying the hassle of
> eBay, if there is sufficient time (weeks and weeks, maybe?)
Sure, I would consider eBay if I saw that similar items there were
attracting buyers at close to what price guides quote. On the other hand,
you might be surprised to see some of those NCLT proof sets go for 50% of
price guide, especially the high grade slabbed stuff, which makes the dealer
look not so bad. Considering whether to sell on eBay also depends upon your
personal "hassle" threshold.
>
> As I said, small market, less competition.
Ebay reaches a *large* market. By placing a three-day auction with a BIN
option and accepting PayPal payment, you could get your money within 3-4
days in theory. But then if you've never sold on eBay before, the "hassle"
of establishing an account and learning how to do it for only a few items
would probably be a turnoff, as it would for most people.
>
> I am asking generally, without any concern for any "hot"
> speculative items.
Just be sure to wear heavy gloves at all times. ;>)
Bill Krummel
"Coffee's For Closers" <Usene...@THE-DOMAIN-IN.SIG> wrote in message
news:MPG.2570ffe7...@news.eternal-september.org...
> country, with low competition.
>
> What do you think about a dealer (physical, storefront) with a
> general policy of 50/50 buy/sell rates? Meaning that, if an item
> has a catalogue price of $100, they will offer you $50. This
> includes NCLT proof sets, and also junk silver. This means
> losing money on sets from the past several years, compared to new
> price.
>
> Is that just a little too harsh? Maybe justifying the hassle of
> eBay, if there is sufficient time (weeks and weeks, maybe?)
Don't assume the catalogue prices will be the sell prices. Sometimes, and
maybe quite often, a coin that shows a catalogue price of $100 will never
sell, sitting in inventory instead, unless the price is dropped to $75 or
$60.
My experience has been that the catalogue prices are simply rough guidelines
and unless a particular coin is currently sought after (hot), the retail
price guides are very optimistic.
Bill
oly
> Credit Tools, Reference, and Forum
I don't understand what's being questioned here. If the other posters
have gotten the sense of the question right, and if you're selling, I
don't think you have to stand for getting only 50% on your "junk
silver". On other items, that 50% might be a truly generous offer.
Besides clarifying the question, you might do well to let the group
know what country you're talking about.
oly