Does This Coin Dealer Make A Fair Offer? Morgan Dollar Collection Appraisal 

GTP you could essentially have an easy way to visually value a collection as long as they are graded or you have a typed description for the camera viewfinder to see

There's also the opportunity cost. If he pays that guy $2300, that's $2300 dollars he doesn't have to do something else with. There's also a small % of risk. Risk that one of the coins could wind up being fake, risk of being stolen or damaged, risk of it getting lost in the mail when he ships it to a customer...they're all unlikely, but they do add up.

This was so cool that Daniel did this video.

Did you accept the offer

@@jackyren8217 You'll know in my video tomorrow morning.

You can't have one, they where not released to the public or collectors or accidentally into circulation, and it's not about the marks but the finish. No other 1964 Kennedy has this finish and there's only 20 something 64 SMS exist. All where found in a mint director's estate in 1991.

It's always fun to interact with Daniel.

Yep, It's cool to see both the collector side and the coin dealer side.

It was so cool of Daniel to do this video. Seeing both sides is just way cool.

👍

Thank you

PCGS are artificially inflated. You must use Grey Sheet CPG. I don’t remember offering to buy it appraise your coins.

I released a video on it this morning.

You’re correct

Yeah, I did on the 1883 O MS64, but it was fixed. I just didn't catch before the video was published. I can't change it now.

Coins sold for a lot less before 2020.

@@CoinHELPu yeah this was in 2008 or so when it happened. Not sure what spot was then?

@@jrpcoins Average silver spot price in 2008 was 14.99

You don’t understand coin values or about appraising coins. My videos are geared to teach you. Many of these coins are ungraded and cleaned. I pay based on what I can sell them for not 30% off retail. I was just giving an example. Businesses have to maintain a certain profit margin and/or volume. It would do you well to learn about coin values and business before taking shots at someone who runs an honest business.

I sell a tad less than retail unless it's a choice coin.

Why would I need that? I need everyone else’s.

I’m not at all very knowledges with Morgan Dollars any help would be appreciated in identifying year maybe on coin?

Problem is PCGS price guide is over inflated, a dealer would go out of business buying 20% or less back off their list value. You go by what they’re selling for lately and 20% isn’t enough unless the coin is worth $1,000 or more. Bottom line, if you want more then find your own customers. It takes a lot of work and time to resell as many coins as I buy and I am a small dealer. Building the customer base to be able to move large amounts of coins is a whole other animal, and it’s important if you want avoid the fees of online selling sites.

@@CoinHELPu yes, it does take a lot of work. I'm going by what I've seen in the market in New England, especially at coin shows, where most of the buying and selling happens in this part of the country. If you're talking about raw coins from a dealer in an antique mall, sure, you'll get quite a bit less from a dealer than if the coins were PCGS slabbed, of course, but they'll also sell for a lot less, and most coin shops here have closed, and the few that remain open do most of their selling on eBay or through auctions, and many, for some reason, don't sell slabbed coins, or sell very few. Certainly it's easier to operate with smaller margins when coins are at about $1,000 or higher, which I mentioned, but if business is brisk, and it certainly has been here at the coin shows, you can make up for it in volume and by having pricier coins, and selling on eBay, and this seems to be viable for the dealers I've met and worked with. If you find that PCGS values are inflated, I think that depends on the kinds of coins you're talking about, and that it's probably relative to your local market - I've seen a lot of PCGS slabbed coins around here going for about what's in the PCGS price guide - most, in fact. There are some deals, but there are also some that are priced at a premium above PCGS prices as well, especially if they have a lot of eye appeal or they're hard to find, or if the coin is in an old holder. If a dealer doesn't have a lot of volume, is selling mostly sub $100 coins, and has high overhead from running a brick and mortar shop with employees, etc., then sure, I can see a bigger margin being necessary, but I haven't really seen much of that around here. I've seen lighter overhead strategies mostly, and thinner margins to encourage liquidity (sales).

As shown in the video, I use PCGS, NGC, CPG, and various sold auctions and for me 30% off retail is the most on common coins. I make less than that and pay more for key dates and higher value coins. There's just no rule on a dealer should pay 20% back of retail, it's not black and white, but I do appreciate your comments, very thought out from keen observations.

The fact is buyers are always trying to get deals as well. All of your customers are not coming in going I'll give ya 100% of what it wells for on ebay. So if customers are trying to get it 15% off retail ND he is in it for 80% of retail he is only making 5% and if the market drops a little then possibly making 0% so I get it. As a buyer I want the best deal possible but I also wanna sell for most I can. Well he can't sell stuff for good deals if he us also overpaying

@@wheelman0799 true, one has to also assume I can or am selling for retail. Most dealers do not, they do try and some coins do, but not all coins, there's always deals being made that people don't see. i can buy coins from other dealers in the networks for less than retail all the time.

I would have to see them but $25 to $28.

So many unknowns with your questions. A coin dealers coin shop has coins for sell and many have websites, you can see what they're selling graded and ungraded coins for, so you don't need a dealer to tell you. At my coin shop, we do, and most other dealers do as well. A lot of dealers, like me, sell price guides as well.

@@CoinHELPu So if a dealer quotes an undervalued price ,like spot , knowing of a real higher real value ,is that not fraudulent ?

@@jdog667 it’s not fraud cause they’re not breaking the law, but it’s unscrupulous or unethical.

@@CoinHELPu yea I get that part of it ,, but to undervalue a coin as a professional coin dealer ,,has no legality issues ? There could be hundreds or thousands at play there ,to where the professional knew of this

@@jdog667 I don’t give legal advice.

VAM is a term used to describe variations in Morgan's and Peace dollars. It is derived from last name initials of LeRoy C. Van Allen & A. George Mallis, whom wrote the book "Comprehensive Catalog and Encyclopedia of Morgan and Peace Dollars"

A VAM is a Peace, or Morgan silver dollar die variety that has been identified in an all-inclusive book called The Comprehensive Catalog and Encyclopedia of Morgan and Peace Dollars by Leroy C. Van Allen and A. George Mallis. The term VAM derives from the first initials of Van Allen's and Mallis' last names. source: the Susan Headley. updated 11/30/21.

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Just checked, focus is great. I looked on my large screen TV, so check your device.

Start your own coin shop then come talk to me, mon.

A coin dealer worth his weight in salt will never try to squeeze the last penny out of buyers. A dealer will do exactly like Daniel and look at what the market is doing. The margin on popular and key coins will almost be less than a coin which is not in high demand, or, the price is so high that average collectors can't afford them. The one subject which isn't addressed is turnover. A dealer would much prefer to sell a coin with a lower profit margin and move it quickly than to have a coin sit in their inventory for months. Coin dealers are running a business and have to make money to cover their business expenses.