EthanA wrote:...
*** For the copper only buffs, he has about 640,000 coppers from 1959-1982 in 5 gallon buckets!
. . .
... He says that needs to go to the bank...
. . .
TheJonasCollegeFund wrote:Also, where are the key dates???? Odd to have SO MANY of everything?????
Madwest wrote:EthanA wrote:...
*** For the copper only buffs, he has about 640,000 coppers from 1959-1982 in 5 gallon buckets!
. . .
... He says that needs to go to the bank...
. . .
Really, advise him against taking the pre-83 to the bank for face value. There are buyers for that in any qty. He can get something over face value for sure and will not have to tote it to the bank.
Diggin4copper wrote:What a bizarre thread...
highroller4321 wrote:The problem with this whole deal is the seller is trying to sell this without giving a price. I almost guarantee that that my offer would be $1000+ better than the dealers offer. My guess is the dealer is not valuing the copper and is doing 50-60% of greysheet. I am sure there are a few gems in the lot that are being undervalued as well.
If the seller named a price instead of giving out spreadsheets that are hard to read and fully understand what you are getting one could make an educated offer.
The buyer can not be asked to name a price a price and also buy the item. Doing this causes the buyer to make an undervalued offer based on the risk.
If you get real about selling this then name a price and let us decide.
barrytrot wrote:Even though EthanA may have dropped off the thread, I'm curious as to the thoughts of people here about not starting with a price?
Can someone here explain to me how that will yield "better pricing"? I haven't really sold all that much in this area, but I do sales as my actual "job" and we always say, the price is X. Sometimes the buyer says, "no I want to pay 75% of X" (or something) and then we negotiate.
But when you start with NOTHING it seems that people would be encouraged go low. Am I wrong and it would actually encourage people to aim high?
brian0918 wrote:I could tell by the first page this was probably never going to happen. Nice pictures but vague numbers, vague prices, vague location.Diggin4copper wrote:What a bizarre thread...
barrytrot wrote:Even though EthanA may have dropped off the thread, I'm curious as to the thoughts of people here about not starting with a price?
Can someone here explain to me how that will yield "better pricing"? I haven't really sold all that much in this area, but I do sales as my actual "job" and we always say, the price is X. Sometimes the buyer says, "no I want to pay 75% of X" (or something) and then we negotiate.
But when you start with NOTHING it seems that people would be encouraged go low. Am I wrong and it would actually encourage people to aim high?
Madwest wrote:I think I've sniffed it out...
Madwest wrote: - The owner (Ethan's buddy) decided to sell his hoard.
Madwest wrote: - He got an offer from a dealer. Most LCS will make an offer without you giving an asking price. As actual dealers generally do, the dealer offered the minimum that he thought would not alienate the seller (expecting a counter offer).
Madwest wrote: - Owner and Ethan decided that the dealer offer was too close to low-ball territory and brainstormed of ways to validate or disprove that offer. That brought Ethan here (and likely elsewhere as well).
Madwest wrote:Remember Ethan is not the owner/seller. I think he was sincere in everything he did here but the owner/seller was only loosely interested (at best) in the goings on. Because of that, no one here had a real shot at getting in on the deal. If that wasn't the case, someone like highroller who is known to have the resources to make a deal would be allowed to "bid" against that local dealer. If Adam is cut out of the deal, there was no deal to be made.
Madwest wrote:That's my perception anyway.
hobo finds wrote:I still like the pic of the state quarter boxes... Lots of money tied up there. Not sure how much more you could get for them....
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.
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.
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).
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.
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.
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.
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.
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.
TheJonasCollegeFund wrote:I'm just pissed....I wanted to go see this in person!
EthanA wrote:I actually think it is funny how so many think I am up to no good. I guess I can understand it but it is what it is...
Thogey wrote:First, thanks for bringing this here. This is not the kind of thing we see daily.
Thogey wrote:Being the third wheel in this kind of deal a bitch. You are actually acting as a broker for a very tough kind of deal.
Thogey wrote:This lot is the only one like it on the Earth now. It is unique. You contacted one of the few groups of folks who understand it.
Thogey wrote:What we understand is that you are offering a job, and time consumption must be compensated
Thogey wrote:But it has to happen face to face with the owner, and the lot has to be examined first hand.
Thogey wrote:I hope your friend will compensate you if you are able to make this happen. Again, It's a REALLY tough deal.
Thogey wrote:I don't think our membership truly believes you are a bad guy. Purely by the nature of the deal, there are many unknowns. We all fear and dislike that which we do not understand.
Thogey wrote:Stick around and you will find great value as a member here.
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