Valuation Question

One whole seller from ebay is quoting catalog value of $370 for 78 MNH plate blocks with the scott number range between 803 to 831 (many duplicates- exact scott numbers are not available).

I made an offer (low ball) offer of $75. He declined the offer.

I'm requesting experts to chime in (though I understand that the lot price may vary if it contains more valuable scott numbers such as 830, 831, 828, 823, 926 etc but any low ball guess-estimate will help me to negotiate with the dealer.

I'd have to see a pic before I could make any suggestions.

However, I can tell you that if the lot is truly at least F-VF MNH with largely defect-free PBs, then the typical auction lot price from the established auction firms for this type of Prexie PB lot is typically 20%-33% + commission. That range I gave you is RETAIL, not wholesale.

Others may have a different pricing observation. I hate to be the only one replying.

You really have to check out the pic and confirm that the PBs are sound. MNH only refers to the gum, but gum is not everything. They could be MNH and defect free, but if they are all AVG centering, then I wouldn't even pay $30 for them. If they were all truly sound VF MNH, then I can understand why the seller declined your offer.

Remember, not just MNH, but condition and grade (centering) are a big part of the price as well.

Buying lots like this is always a bit of a gamble.

Why not just ask for his last best offer and if it's too high you can thank him and walk away?

There will ALWAYS be another similar lot for material like that.

Maybe you should wait and watch the item. Who knows, if they don't sell he may re-list them at a lower price. Then you can try again to negotiate the price.



Butch

Thanks guys. After reading your valuable comments, I decided not to go too aggressive on this.