View Full Version : Coin dealers

John S
04-16-2010, 07:01 AM
Just to say this . I have been hunting for 16 yrs. and talked to a lot of coin dealers. And let tell you if they offer you $10 they are going to make $20. And it is a lot of the trying to make a big name for themselves. If you sale anything you need to know how you'll dealing with. And for as coin grading anyone can do it with a grading book, but is better if sent off to a grading Co.. But if you are not going to sale the coin why do it. And some of the coin dealer can be very pushy whit your coin. But it is some very up standing coin people out there.

04-16-2010, 08:23 AM
Yep, coin dealers are there to make a profit, just like anyone else. The best way to get a FAIR price for your coin is to accurately grade it and know it's value before hand. Also have an idea of what a dealer customarily pays for a coin (say 40% of Redbook or other.) This way, they know you know your stuff!! Otherwise there are some unscrupulous dealers that will grade your coin low and offer you 10% of it's value. Knowledge is power.

04-16-2010, 11:53 AM
Knowing how to grade, understanding the rarity of the coin, checking multiple sources (i.e. auction sites, ebay, the Grey Sheet etc) will help you to get a fair price. Understand, you will likely get more in a private sale than to a dealer, unless he has a buyer screaming for the coin you have... and that is unlikely. RickO