Approximate Markup on coins?

[Guest]

I'm not a dealer, just a collector and would like to know the approxmate markup from wholesale prices to retail by the average dealer.

I see such a difference from one add to another for the same slabbed coin.

 

Thanks,

 

DblEag

[EVillageProwler]

Hi,

 

For non-moderns, my experience tells me that it's usually between 20% and 33%. For moderns, I think the markup can go as high as 100%.

 

EVP

 

[gmarguli]

It depends on a lot of factors. Does the dealer like you, his original cost, was he lucky (graded higher than he thought), how popular the item is, does he have more in stock, does he have other customers wanting to purchase this item, does he need to turn this item into cash, etc....

 

Common stuff I would expect around 10% mark-up.

 

Uncommon stuff I would expect 20%-40%.

[Tradedollarnut]

5% - 100%

 

I've seen dealers flip high priced coins for as little as 2%.

 

Low grade common stuff I'd say 40-60%. Higher grade certified stuff more like 10-20%

[paigow_johnny]

I just sold some raw dollars to a major mail order dealer who gave me 70 % of their current retail price...so I figure the 30 % markup is a good approximation.

[Oldtrader3]

I usually get 20% back of the Grey Sheet, depending on how strong the coin is. I try to buy at 10% above Grey Sheet, but again it depends on how strong the coin is.

 

I know that this a phosphoric answer, but all depends on the strike, eye appeal et cetera...........

[michael]

whatever ythe market will bear............ but usually if you are a coin seller and a coin seller with intergrity you usually mark up something within reason so it is a good value for your customers!!!!!

 

well that is what i would do and keeping in mind that the coin seller has to make a living also!!

 

sincerely michael

 

only buy great coins! a great coin is something with value for the money and super eye appeal