RSS

Low value, high grade

08 Mar

1a

Sometimes coins that sellers bring in to a coin shop are lower in value or have little demand from collectors that after shipping and online selling fees, the purchase of a coin like those shown above, may not be a good business purchase if the buyer is upside down in the deal.  The coins shown above both have around 4 million mintage (mintage=how many were released) and graded at Proof 69. They currently sell for about $7 each online and after a buyer pays fees to list and ship it, the remaining profit is around $2.50.  That profit would have to be split with the seller and when all is said and done, it doesn’t amount to much for either party.

Bring your coins in to NwPlaza this weekend for a free valuation. Even if we don’t make a deal, we can offer tips on unloading these types of high mintage and low value coins.

 

 

Advertisements
 
Leave a comment

Posted by on March 8, 2018 in Coin Selling 101

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

 
%d bloggers like this: