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 Replies: 20 / Views: 2,774 |
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Pillar of the Community
United States
1590 Posts |
I'm with everyone else, unless you have a really valuable coin, then ebay is the way. |
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Pillar of the Community
United States
1314 Posts |
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$40 per coin for photography. Holey smoke! For that price they should drive over and show it to you. Most people can do as well by going to the photography section and picking up a few pointers. |
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Pillar of the Community
United Kingdom
2885 Posts |
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Most people can do as well by going to the photography section and picking up a few pointers. I'm sure they could - but that's how these companies make their money. Bring your own isn't an option. |
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CCF Advertiser
United States
1533 Posts |
ebay fees come to around 13%, however I would not run an auction for a high value coin on ebay. I would just list it at the price I want to get and wait. David Lawrence has a $975K coin on ebay. Heritage has a $5K min on submissions, but will charge you 10%. They will charge the buyer 17.5% so the coin will bring 17.5% less than otherwise as the buyer will take that into account. So the total HA fees will come to 27.5%. But the coin will sell at the time of the auction and get the most you can get for it.
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Pillar of the Community
United States
757 Posts |
HA fees vary, depending on how much you sell with them. I know a couple of people who get hammer price plus a couple of percent. It takes years of doing business with them and many thousands of dollars of coins sold to get there. A one time I'm getting out of the hobby sale HA auction would probably not be the way to go.
On the other hand HA and stack bowers will buy your collections. They seem to be a bit more fair pricing than most LCS.
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Pillar of the Community
United States
1105 Posts |
Selling through HA does not mean you will get the most you can for your coins. Historically I've seen many average type coins sell on HA for less than Ive seen the same exact one sell on ebay. If I couldn't find local buyers/ collectors/ dealers ready to buy my collection at a fair price then I would stick with ebay.. ebay has the largest, widest audience you can find for your average coins. I don't own any rare $300k or even $10k coins. If I did then HA would be my venue, with a reserve of course. As I've seen many seller's also using reserves because there is no guarantee you will get the most on HA. With that said I don't think HA would be the best venue for a circulated Indian Head cent collection or an Unc Jefferson nickel collection either. I doubt the Sophisticated buyers at HA would even show interest above wholesale for those. The broad and worldwide audience of coin collectors on ebay, from novice to sophisticated, is where ebay outperforms HA and why they can charge those fees we hate. |
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Pillar of the Community
United States
5825 Posts |
First, I'm NOT going to sell my collection.
I intend for it to be intact when I get "slabbed" and buried.
But my wife knows who to contact if she wants to convert the collection to cash.
It will be MFD.
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Pillar of the Community
United States
7622 Posts |
When you are ready to sell know realistically what your stuff is worth. Next, decide what your bottom number is for each item.
Offer them to your local coin club members, local dealers or walk the floor at a coin show and try to market them yourself. The only fees then are your expenses for time, efforts and transportation.
If you sell them online, or through the auction houses, you have to pay their expenses. Nobody does this stuff for free.
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Pillar of the Community
United States
7375 Posts |
An ebay store is the best bang for the buck for selling coins. 6% ebay fee + 3% paypal fee. Also ebay has a special promotion now....not sure if it's in all areas, for $5 per month, for 3 months, for a store. Can't beat that! |
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Pillar of the Community
Russian Federation
5174 Posts |
If I was to sell my hoard, I'd probably pack it up and offer here - on this site, I can say "I will ship by X method, buyer pays for shipping" and not have to say in advance how much said shipping will cost until I actually find out (and ebay's estimates tend to be wildly off; perhaps - I hadn't done the figures - enough that I'd end up spending more on shipping alone than I could gain from the entire sale including ebay "shipping"). I'd probably mention that I do not expect under $20 shipping, however. HA is simply ridiculous in my case - if my hoard were large enough to be worth more than their minimal possible fee, it would have weighed hundreds of pounds. I'd rather sell a few boxes of cent rolls, they're a lot more valuable (almost $25 per box, IIRC), and don't weigh as much either. If I was to sell my collection, however, I'll probably go to a market (maybe Taganka or Sokolniki), set up a stand (this is easiest on Taganka, I believe), and sell the coins individually. |
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Pillar of the Community
Norway
1358 Posts |
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I intend for it to be intact when I get "slabbed" and buried. Isn't that more like getting slabbed, labelled and indefinitely placed with the rest of the collection?  Anyway, I'd stay away from pawn shops and coin shops and go for ebay for 'cheaper' stuff or maybe an auction house if you have an exquisite collection of high-end coins. Or just try to find someone who wants to buy your whole collection at once. |
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Bedrock of the Community
United States
20753 Posts |
Never even consider selling my coins. Someday they will all go to my Son who has no idea what coins are worth and will probably take the entire pile of coins to a bank. Imagine a 1916D Mercury dime in one of their counters. |
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Valued Member
Canada
192 Posts |
Even though I've spent more on coins than I should have, in practical terms the cash value of my collection remains negligible, at best. My wife or brother might get more back on my $x for $x coins than the rest of it combined. Here's to hoping nobody is ever forced to unload it, and that it may be enjoyed for it's aesthetic and technical values for a long time to come! :)
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Pillar of the Community
United States
968 Posts |
edweather, Wow! I didn't know coin sellers got it so cheap! I thought it was the standard 9% rate for everything, which is a whopping 1% off the non-store rates (free listings still make it worth it even though I sell in a 9% category). I did notice another difference for high end items (correct me if I am wrong). It looks like without a store the cap on sellers fees is $750 max per item, which translates into a sale of $7500 or more. With a store it is capped at $250 which would come out to $4200 or more. This is using the 10% fee for no store and 6% with a store. So it looks like there may be a compelling case for selling even higher end items on ebay since you'd pay less in fees than with an auction house. |
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Valued Member
Canada
127 Posts |
That is correct Samura. It's an easy choice to pay monthly for a store if you sell $600 or more in the coins and paper money category. Pretty much the break even just off FVF savings and like you said not mentioning 250 free listings. Another thing to consider if you were unloading a high value collection/items. Having top rated status combined with ebay promo periods will yield another 40% off the 6% fees. Usually when I sell bigger items, assuming the buyer doesn't want to deal outside ebay to begin with, it works out to about 3.5% ebay fees. Edited by thrustie
09/13/2016 1:55 pm
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Replies: 20 / Views: 2,774 |
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Posted 09/10/2016 8:06 pm
