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 Replies: 17 / Views: 11,951 |
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Valued Member
United States
451 Posts |
There are couple of ways you can ensure that you sell it at the price you want by listing it on ebay with the price you want to sell it in an auction mode. For listing it in auction mode, you will pay nothing to ebay unless you sell it. That way you can always get the price you want. By selling things on ebay, you would lose 10% of the value as ebay fees. I would be interested in your foreign coins. Please do send me a PM with what you have :) Thanks |
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New Member
 United States
8 Posts |
Hi BrokenCompass, Thank you for responding! I am an ebay seller (small time), and have been dabbling in the selling end for about 7 years. Part of my issue is my ignorance - my coins have not been graded and my knowledge is growing but still minimal. Not having the discernment to estimate the grade, I don't really know how to price a coin auction in most cases. It looks like a commonly available Morgan in uncirculated or almost uncirculated condition will sell for near or less than spot silver. It gets tricky for me for key dates and rare mints because then the grade is all-important. If you give me a few days, I will compile a list of the foreign coins - I'm not sure if they are collector grade or rare enough to be of interest, but I will let you know what I have. Thanks Again for your response! NewNumi |
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Pillar of the Community
United States
2150 Posts |
Another idea would be to post some pics on here of coins you are unsure of the grade. We would be happy to give you a grade and estimated value. wouldn't worry about compiling a list to sell to anyone on here, since you don't have the required post count, you could get yourself and others in hot water with the mods.
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New Member
United States
8 Posts |
Hi CWB8539, Thank you for responding! Part of it is for fast return - circumstances as they are. I think my best move may be to take some of the really pretty but common dates to the local dealer for the fast return for immediate needs and have some of the more rare dates/mints graded before sale. I looked into grading briefly - the tiers and submission limits were frankly confusing. It's more complicated than I had expected, with value limits and such. I didn't get very far and must go back and read through it all again and try to develop a better understanding of the process. As for ebay, my photo equipment is adequate for most selling, but some of the higher value coins would probably do better with those ultra-close pics that looks like they were taken with a microscope. When I can, I want to buy a reasonable usb digital microscope specifically for coin pics. I'll keep my eyes open for the next coin show near home - maybe take in a "handful" and see how I interact with the pros. Thanks for your help! |
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New Member
United States
8 Posts |
Hi JokingJoker,
I will try posting some pics (must take some) for help grading. I especially don't readily pick up on VAMs and errors that aren't obvious. About making a list - I am not trying to sell to members as I know I am not allowed, and hot water is not something I do not want to try out. I appreciate having a place to ask questions and hopefully make sound decisions. Does mods mean moderators?
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New Member
United States
8 Posts |
Sorry for the double negative, JokingJoker.  |
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New Member
United States
8 Posts |
Hi Westcoin! Thank you so much for responding! I live in the Tidewater area of southeast Virginia - right on the coast, military all around. I too was wary of approaching a dealer stating I want to sell. My inexperience could be very expensive. The owner of the shop I have in mind dealt with my father for years, but my Dad passed away almost 25 years ago and I would expect any friendship they had would not necessarily extend to me. Everyone has to earn a living. I have the 2010 Red Book and it has been my primary resource for information. I would like to get the VAM reference, but it is not possible right now. I probably don't have anything in the $5k range, with the exception of one rare CC which may be about half of that or a little more. You are on the dot with don't jump too quickly. Besides the financial loss, it would be disrespectful to my father to do anything less than my best. I will PM. Thank you! NewNumi |
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New Member
United States
8 Posts |
Westcoin, I don't know how to PM. I'll try to find instructions in the FAQ.
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Pillar of the Community
United States
9796 Posts |
Newnumi I see that one cannot PM on this board. I didn't know that either, I'm kind of new here too! For the VAM's try the http://www.vamworld.com reference site, it has close up photos and instructions on how to look for pick up area on the coins you have, very easy to use site, from wiki. Maybe go to the dealer your Dad used, and tell him at this point you are just wanting an appraisal so you have enough insurance coverage. "Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
United States
2373 Posts |
Several of the members here reside in Tidewater. If you click on my name and go to the send a message area I can point you to several reliable dealers for appraisals in this region. Take your time if able and good luck. nlp
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Pillar of the Community
United States
2335 Posts |
You can PM(actually email) on this forum if you meet post requirements & have enabled email on your user control panel. In my opinion most coins sell for their true market value on ebay. That doesn't mean you will get what a price guide says a coin is worth, or what a retail store might be asking. That's assuming you have clear, detailed pictures of the obverse & reverse of the coin, & enough positive feedback to generate trust from the buyers. However, ebay is probably not the appropriate venue for rarer or more high end coins. |
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Pillar of the Community
1028 Posts |
Quote:
....it's a sellers market right now. Not really. There are some high grade high end pieces that are doing well and Morgans happen to be okay, but for the most part, it's a buyer's market right now. Dealers, especially those in brick and mortar, can't give some of their inventory away right now. The few dealers I know aren't even buying most coins worth less than $100 unless the sale is ridiculous because they can't move them right now. I think the best, and worst, way for you to sell your coins would be on ebay. You might be looking up retail values and seeing that the coins aren't realizing those prices. That would happen anywhere and is also due to the aforementioned issue of what I believe it to be a buyer's market. ebay is best because, out side of personally finding an individual collector to purchase your coins, it would likely get you the best value. For why I think ebay is worst, just see this thread http://www.coincommunity.com/forum/...LY_ID=875234On a side note, the really valuable pieces you have should be slabbed. The cost of TPG certification will be worth the increase in prices realized regardless of who to or where you sell. |
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Valued Member
United States
421 Posts |
Ok here is one of the best I feel is the best place to judge your coins against for grading. Now for the ms-60 and above it gets really tricky with what small details that make them higher grades. http://www.pcgs.com/photograde/#I hope it opens for you. Good luck! |
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Valued Member
United States
92 Posts |
I collect Morgans and I find this discussion most interesting I will keep checking back to read other comments. gasman96
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Valued Member
United States
73 Posts |
Here is a good option. They will take care of all grading (discounted), though some coins will not slab (usually the ones we bought while wearing beer goggles LOL) Then they auction the authenticated, graded and slabbed coins and pay quickly minus fees of course. IMO, only an auction will bring true value for all concerned. Watch a couple of their on-line auctions in real time to see the action and how it works before you decide. http://teletrade.com/coins/help/how2sell.aspEdited by goldfinger
12/08/2011 10:00 am
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Posted 11/30/2011 10:51 pm
