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What is the going rate for slicks?

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What is the going rate for slicks?

Postby Lemon Thrower » Mon Mar 25, 2013 1:40 pm

what is the going rate for slicks? I posted an offer to buy at melt but got no bites. are slick 90% coins going above melt?
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Re: What is the going rate for slicks?

Postby 68Camaro » Mon Mar 25, 2013 1:43 pm

I don't have any slicks... :)
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Re: What is the going rate for slicks?

Postby Verbane » Mon Mar 25, 2013 2:10 pm

I sold a lot of slicks by weight about 3-4 weeks ago. I got 103% of melt + shipping. The lot sold almost immediatly, I know they would have sold higher...
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Re: What is the going rate for slicks?

Postby Lemon Thrower » Mon Mar 25, 2013 2:29 pm

>100?!!!
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Re: What is the going rate for slicks?

Postby beauanderos » Mon Mar 25, 2013 3:27 pm

Lemon Thrower wrote:>100?!!!

yes... of course, over 100%. the online dealer's pay you face value for the coins, not melt by weight. Barbers are as much as 12 - 14% "underweight, early Walkers can be 9 - 11 % under... yet they are purchased all the time in large pure lots of similar coins, or mixed in with others at a going rate of two or three percent above melt values for full wt coins.
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Re: What is the going rate for slicks?

Postby Lemon Thrower » Mon Mar 25, 2013 3:35 pm

ray, thanks for the explantion. however, dealers are only paying 3-4% over melt for regular 90%; buying underweight junk at full weight prices makes no sense to me.
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Re: What is the going rate for slicks?

Postby beauanderos » Mon Mar 25, 2013 4:14 pm

Lemon Thrower wrote:ray, thanks for the explantion. however, dealers are only paying 3-4% over melt for regular 90%; buying underweight junk at full weight prices makes no sense to me.

you're right, of course. But that's where the numies could be. I don't like to offer sub-715 coins to fellow members, so that pretty much everything pre-1920 (Walkers, Mercs, lots of Barbers, Standing Libs) gets sold back to my online sources. As I have been a good customer of theirs in the past (and in all likelihood, they sold me these coins to begin with) they show no hesitancy in purchasing back the coins I don't wish to take the time to date check because they are "slicks." They even profit by my Greshamistic tendencies... as they do not have to employ their own labor force to assemble early dated solid rolls of Mercs or Walkers :lol:
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