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 Replies: 23 / Views: 4,981 |
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Pillar of the Community
Canada
3049 Posts |
Guys first I want to say I am NOT a dealer.. but there's nothing wrong with going to one.. just understand that you're not getting full value.. but if someone just wants to get the cash fast... a dealer can be the BEST way to go.. you get cash fast no questions no problems... safe and fast!
When you're talking gold and silver pieces if you're aware of spot.. you will get at least that! It's a no brainer.
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Pillar of the Community
Canada
1984 Posts |
I am not sure what kind of gold coins you have. If they are coins that are, in essence, bullion type coins, you may find this web site from J and M in Vancouver helpful. It shows where they will buy and sell many of the more common coins. Their buy prices are pretty fair I think. Their site has a similar page for silver coins. http://www.bullioncoinsandbars.com/...ld-coins.htm |
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Pillar of the Community
Canada
5417 Posts |
Robert at the Calgary Coin pays pretty good prices.
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Valued Member
Canada
62 Posts |
Maybe look for a coin show and set up a table. You should get somewhere between dealer and ebay prices. Just a thought |
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Valued Member
Canada
118 Posts |
ebay is the best option in my mind if you have the time and energy. Lost coins are rare, in my experience, and you can screen buyers to limit the people who can bid to those with significant feedback (and before someone else says it, no it's not fool proof, and it was better 10 years ago with fewer scammers). That said, ebay deals are still pretty reliable, especially if you send with tracking. If a coin fails to sell, then you can roll it over and do it again at no added cost and with very little effort. If you are going through a dealer, I would talk with them first about what you have. After you speak with three of them, you will have an idea of what each has to offer, as well as whether or not there is much difference between what they will pay.
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New Member
 Canada
6 Posts |
Thank You everyone for the input and feedback, my collection consists of mostly RCM products over the last 15 years or so. I was hoping there would be a coin dealer that is more reasonable to take the collection at a fair price but then they have operating expenses...etc. I will try the ebay route as I am not comfortable selling and meeting people from Kijiji. Any advice regarding selling coins on ebay to US buyers? My expectation is to only sell to Canadian and US buyers. As long as I clearly state the shipping charges and the buyer is responsible for any tax/duty charges then I should be good to go? Thanks Peter |
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Pillar of the Community
Canada
3049 Posts |
I think if you put this question or any others that you have in the ebay thread.... there will be a LOT of people that may be able to help you... there are a lot of eBayers that use that thread specifically |
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Pillar of the Community
Canada
2366 Posts |
Our losses shipping internationally (including to the US) have been significantly higher than shipping within Canada. Therefore we only ship internationally with tracking and insurance (remember the $500 insurance limit). Even with tracking items get lost more frequently. But a lot of people are willing to ship without tracking so we don't get a lot of international sales. It's your call. Remember, the total thickness of the package has to be less than 2cm to ship by lettermail. Most RCM cases are thicker than that and have to go by the much more expensive parcel post. |
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Pillar of the Community
 Canada
5402 Posts |
Peter it sounds like you , as many others , have a load of RCM stuff that is very difficult to resell. We are offered this type of material all the time and buy it at a steep discount to trends. Usually you will not find anyone willing to pay up. Recently we bought a deal in the mail for around 5K from a collector in Alberta. He was offered 3k in two places (Calgary Coin Dealers). Both dealers clearly stated they had little interest and did NOT want any more for stock. Quite frankly I am not sure what we are going to do with most of it either. The problem with selling this kind of material on ebay is the horrendous shipping charges for larger boxed items, as most people want boxes and original packaging. Good luck! Jack |
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New Member
Canada
31 Posts |
If you have a large collection or some pieces that are high value, you may want to consider Sotheby's, Waddington's or another large auction house. They will sell as a lot, divide into smaller lots and sell high items as singles. They also take telephone bids from across the country as well as internationally and you don't need to worry about shipping, insurance or collecting you money. They do publicity for all of their auctions to their known buyers.
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Valued Member
Canada
287 Posts |
Quote:
If you have a large collection or some pieces that are high value, you may want to consider Sotheby's, Waddington's or another large auction house. They will sell as a lot, divide into smaller lots and sell high items as singles. They also take telephone bids from across the country as well as internationally and you don't need to worry about shipping, insurance or collecting you money. They do publicity for all of their auctions to their known buyers.
And they'll charge you 30 to 40 percent of the hammer price for their trouble. And that's on top of their "insurance fees", picture taking fees, catalogue fees, etc.. |
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Valued Member
Canada
147 Posts |
Quote:The problem with selling this kind of material on ebay is the horrendous shipping charges for larger boxed items, as most people want boxes and original packaging Pacificoin: For particularly expensive items that you do sell in North America, we have found that it can help to send the coin in a trackable form and send the packaging separately at a cheaper rate. We limit that to North America because there is a risk to lose the packaging/CoA, but we do have a full refund policy. Also, we try to keep ourselves stocked with stamps that we pay 25-40% of face value on. That really, really makes a difference for us. |
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Pillar of the Community
Canada
5402 Posts |
Way ahead of you ....... we have done that for years! Sometimes you get lucky and the buyer says keep the box!
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New Member
Canada
31 Posts |
Twoplustwo you are partially correct. On lower value lots or pieces the premium is about 30% depending on which company you use. On higher valued pieces or lots the cost drops to 10% which includes, at least for one of those companies, all of the services they provide. I know that some dealers hate them because they have their own staff grade some coins rather than using one of the accepted grading companies. For large lots, I have found them affordable and reliable.
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Pillar of the Community
Canada
1192 Posts |
Hi Peter, I'd suggest that you come to the Edmonton coin show on November 8th/9th. Ask some of the dealers there if they are interested in the type of coins you are looking to sell. I will have a table there in the back corner of the room, my sign reads "Mattscoin". I am located in Edmonton and I do buy older mint product. Due to the amount of time it takes to go through a collection for purchase (and how busy the show is), it may be difficult to sell your collection right at the show. If you turn on your private messaging function, we may be able to work something out. I can also be found easily on kijiji or under ebay stores under the same name: Mattscoin. Full Edmonton Coin Show information can be found here: http://www.edmontoncoinclub.com/shows.htmEdited by Pokermandude
09/19/2014 10:09 am
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Posted 09/04/2014 6:47 pm
