COOL collection, thanks for sharing the pics.
EthanA wrote:Wow, I just heard from him and not a single person has contacted him about the possibility of buying the pennies. I find that odd as I sent the contact information to at least 10 folks I though were seriously interested.
Strange..
Surprised? Surely ye jest!
The internet has been around for a long time now, deals involving altruistic middlemen do not have a high track record of success (for a variety of reasons). Principally, in my opinion, is the medium involved.
Additionally....
You spent the past two weeks losing momentum, there's probably a lesson in there somewhere.
It's Christmas time, the absolutely worst time of the year to be attempting sales of anything that is non-gift related.
Most folks buying metals are (and have been) putting money into AU/AG at prices that haven't been seen in quite a while, you are competing against these other metals and limited budgets. Those are point and click or cash and carry sales, no sweat equity involved. Your sale is very SWEATY!
Most folks that are "penny wise" don't have $30K lying around to "jump on this"...
OneBiteAtATime wrote:Its interesting. If I were to make an offer on this (and I'm not), I would go 5 cents on the wheats and 2 on the rolled copper. I think I could make good money on it. 40 cents on the IHPs. 1.1 on the bulk copper (beats the bank).
EthanA wrote: Well that sounds about right for what he has, sure that includes the 1909s but also the 1958's...you never know. I did not total up like that.
As someone who bought a rather large collection of copper, wheats and Indians once upon a time (and only about 5% of what is in this hoard), this sale really only makes sense on a local level. The amount of time and energy required to make it happen will most likely cause the buyer to regret the purchase in short order.
Your guy will be lucky to realize 2 cents per coin, for the whole shooting match.