natsb88 wrote:I don't like ad-stomping, but with somebody so new to the forum advertising such a large deal, and it going seemingly downhill, I feel a few things need to be said.
Well as I said, this board was 'recommended' to me, as the exact quote was they LOVE pennies. So I came over..shoot me. I am known on the coin forums I frequent so I really don't care if that irks you.
natsb88 wrote:Nobody is going to buy a lot this big (and with this many duplicates) purely as a collector at anything close to a book price to simply re-stack it in their garage.
Well you very well could be right. To be honest if I had the money and of course the time I would buy it. This really is a variety collectors DREAM. Lots and lots of dupes, 1909 all the way to 2014......(Forgot the small amount of IHC)
natsb88 wrote:Selling it as one lump sum limits the pool of buyers to a select few: dealers who are going to look at flipping the entire lot (which is a ton of work), and collectors who would sort through to keep what they want and resell the remainder (they must have the means to make the purchase and the time to process it, same as a dealer, and would be thinking in terms of a return on their investment).
Well I can not answer that all the way but I can find nothing wrong with the logic. My goal was to get it in front of collectors, in some ways I have done just that. It would have never had near the exposure otherwise. In that regard It was a success.
natsb88 wrote:The seller has a decent chance at getting a better offer here than from someone who is strictly a dealer, as a buyer here would likely be looking at keeping at least part of the collection for them self. I can guarantee that there are at least a half dozen members here with the means to pull it off, and I would bet that at least half of those are sincerely interested.
Well then , SPEAK UP, PM me and quit whining!
natsb88 wrote:However, the format of this sale (?) has worked against an actual sale from the very beginning. It reminds me of an episode of Shark Tank I saw once... The guy purposely undervalued his initial request to see what kind of offers he could get. Like two minutes into it he had an offer for 5x what he was asking. Instead of even acknowledging that shark, let alone engaging with her, the guy started asking the other sharks for offers. That ticked off the first shark and she dropped out. The rest of the sharks then asked him for a real valuation, since he clearly sandbagged his initial request and was fishing for way more. But the guy absolutely refused to disclose his valuation and just kept asking for offers. Instead of throwing out a starting point and negotiating, or engaging with a shark who made an offer, he was hoping to get a blind offer higher than his undisclosed goal. Due to his strategy and behavior, the only subsequent offers he received were lower than the first offer, and he walked away with nothing.
You really are reading to much into this. It is as I have presented with some information left out that is NOT bearing on what is presented here. That information is private. (Between the owner and I). I can tell you. HE IS SERIOUS. THIS WILL BE SOLD AND SOON.
natsb88 wrote:You have sincerely interested and capable buyers here. They are experienced with copper, with numismatics, and with negotiating. But they aren't going to waste their time taking shots in the dark on a gigantic lot that is not very well defined when the intermediary is so wishy-washy about the price.
Well, see it as you may. I have defined as best I can at this point with what I was given. I went back and got more. I wish I could elaborate but trust me I am not trying to be deceitful. This from my point of view is no different than when you go to a garage sale and see something your interested in and you ask how much and the owner says 'Make me an offer'. Granted the scale is much larger.
natsb88 wrote: My suggestion to EthanA would be to disclose the dealer's offer (through private messages) to the handful of folks who are seriously interested in the lot. Then if anybody is interested in making a higher offer, put them directly in touch with the seller and let those couple people negotiate with the actual decision-maker.
Well well, hmm I have done that to a certain degree in some pm's. The answers I have given are very good ball parks. Some are even within $5k. So there....I know those that are serious and I have been discussing this with them. As I have said, my goal is to get a buyer in touch with the seller. That is when I walk away....I have not been shy about that from the beginning. Look this was my idea, if it does not pan out, then so be it. He was not going this route anyway. What did it hurt? To be honest, I do think I will be passing some phone numbers soon at least as soon as I can if he wants to do it.
natsb88 wrote: I think EthanA's efforts are sincere, but this thread isn't going to accomplish anything more than it already has without hard pricing and if the poster can't do the negotiating anyway.
I guess either I did not make it clear enough. My part was to get the serious bidders. They can negotiate with the owner. Those that want to bid $20k/$30K/ and yes $40k are not in the ballpark. Serious bidders already realize this. The list is there, the spread sheet has been given and the numbers crunched by many. My part is not to say "He will take it". I can however assure you to the best of my ability, if I come across that person, they will be the first in line to talk with the owner. That after all was my goal.
Thanks