nick1878 said:
Yeah dealers only offer up to 40% of the value of a coin. Unless he wants it for his collection I would get a second opinion. Thats a great find. Looking forward to seeing the pics
Coins are only worth what someone is willing to pay for them.
Just because a book says they're worth x amount doesn't mean they are actually worth what that book says they're worth. You can try to sell your coin/s for what a book says they're worth but, if no one offers more than 75% of that suggested worth, then, that's all you'll get for it/them.
Dealers will offer "buy price" for a coin.. If they offer $600 - that means the "ask price" for that same coin in a dealers shop would/should be approx. 25% higher on avg.
The dealer needs to make money to keep his coin shop open, pay the bills, etc. and who knows how long the coin will sit there before someone comes in and actually buys it (and usually for less than it's marked) because EVERYONE wants and tries to get a "deal", so, the dealer ends up making less than his "hoped for" 25% to begin with, plus, he may have waited 2 months to a yr or more to sell the coin.
People have too many over-blown ideas that dealers get all their coins at unheard of prices, and then make ungodly money off of them.
The "reality is" that even in the world of coin dealing -- "There is NO get rich quick" and there's less money being made on coins than MOST people think there is..
