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 Replies: 19 / Views: 4,144 |
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New Member
 United States
27 Posts |
Thanks for the assistance... I really hate to sell the coins as my husband never sold any and spent hours with his hobby. My kids don't have the passion collecting coins the way my husband had, so they suggested I sell them myself. I'm afraid if I just store them, after I'm gone, they will take to the local coin dealer and just sell for peanuts...so I'm taking on the challenge. I want to honor my husband the best I can, so I've spent the last year learning as much as possible about coins and want to make his effort in collecting them pay off. So glad I found this forum.
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Moderator
 United States
188660 Posts |
 to the Community! |
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Valued Member
United States
453 Posts |
Sorry for your loss first of all. You already seem pretty knowledgeable on the "no-nos" I would suggest you take some time practicing your photography skills, good pics will be key to getting accurate info here and getting your highest price on ebay. If you take a look around the sight you'll find some threads and guides about getting good pics. I'm not the expert but I know how important it is. Also, if it were me I would first think about a couple meaningful pieces to save. Once they are all gone someone might suddenly feel different about the sentimental value. |
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Pillar of the Community
United States
8715 Posts |
to the CCF! |
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Rest in Peace
United States
18456 Posts |
Well you already have the hard part down ,( knowing somethings about coins ). Great and I agree with USSID18 about your coin photos . We will be happy to help you .  |
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New Member
United States
8 Posts |
I like great collections and heritage auctions. I don't remember which one but I know with one of the two there's no upfront cost except the shipping to them. But you can make a simple list of what you have and it's estimated value and submit it to them to review. They will let you know what is worthwhile. You then send them in and their grading experts further check out what is again worthwhile and will actually get me grade and have a market. You then decide what you want to go through and get graded and sold, they send to grading company (PCGS I believe) and get your coins graded under their bulk grading discount price, and when they get them back all graded and slabbed all pretty like, they put it up for sale in their auction. I believe this is most cost effective. They only keep 5 % of total sales up to a certain amount and they charge you after the end of auction by subs tracking the 5% cut and fees for grading.
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Valued Member
United States
419 Posts |
I think Heritage and Great Collections both have a minimum fee and they do not mess much with raw unslabbed coins. They will have the expensive ones slabbed and you pay the fee. I am a big fan of selling at auction such as with these two. But there is nothing wrong with selling on ebay. They have a huge audience. It is essential that you have great pictures on ebay. Many of the sellers there have terrible pictures. On many you can not even see the date on the coin, let along the condition. In a big auction, you get what the market dictates. I have sold over 75,000 lots (mostly fishing stuff) on ebay and often get more than I expected. The killer there is high shipping and a high minimum bid. Some of the same coins that I follow on ebay have been on there forever and will not sell in this market. If you really want to get some action, start everything at 99 cents and free shipping. There are a few sellers of coins there that do that now and they seem to get very fair prices. I still remember the coin I bought for $1 without checking the shipping fee from Canada. $35 !! Guess who I will never deal with again? Lots of work taking all those pictures and creating auctions but since there is no buyer's fee on ebay, folks bid more than with auctions that charge buyers fees or have high shipping. |
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Pillar of the Community
United States
5029 Posts |
to CCF |
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Pillar of the Community
 United States
6514 Posts |
Sorry for your loss. Nice of you to honor your late husband this way.
Good luck with the task at hand. Seems like you're in a good place and not feeling overwhelmed.
The people on this site are very knowledgeable and most will tell you how they see it.
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Valued Member
United States
419 Posts |
If you have excellent pictures, let the bidders decide on the grade.
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Pillar of the Community
United States
4692 Posts |
Great Collections will send your coins in for grading (they only sell graded coins), and take care of auctioning. If they sell for over $1000 (each) there is no seller's fee and they will also give you a cash advance. I would only use ebay for low value coins, not worth grading, and possibly bundle the coins to save on shipping costs. |
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Pillar of the Community
United States
900 Posts |
I have seen experienced sellers doing quite well with the 99 cent approach as others have mentioned. However, when I started selling on ebay a few months ago, I was not particularly happy with my auction results, with quite a few coins selling for less than melt value. Some of that was certainly because I made a couple of obvious mistakes, but some I believe is due to being a new seller and getting less visibility and less trust from buyers because you have low feedback. I have since switched to doing mostly Fixed Price listings with a few auctions mixed in. I'm not under any time constraints to sell, so I am more comfortable with that for now. That will give you a better sense of how visible they are to buyers. Before you start auctioning, be sure to read up on peak listing/closing times. Also, be sure to try using the ebay search feature to find your listings, rather than just looking at them via your "Active Listings" page. Edited by Jadey
03/24/2019 6:23 pm
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Bedrock of the Community
United States
10982 Posts |
Sorry for your loss. If you have some images we can be of more assistance. |
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Valued Member
United States
325 Posts |
Before selling on ebay, take a look at what your coins have sold for in the past in various conditions, slabbed and unslabbed, fixed price and with bids, and what the current auctions are. Some coins should do fine with bidding, and some would do better with a fixed price, especially if you're willing to wait. The total ebay and Paypal fee is about 15%, and you have to pack and ship individual items, so a reputable auction house with a 5% fee could be pretty attractive. You could get your feet wet with different methods for different things. You could take some coins to local dealers and see what they say. I would add that in my opinion, silver is now at a low price historically and relative to gold, so you might want to put off selling coins whose main value comes from the silver content. Right now, the silver value of most US 90% silver coins is between 11 and 12 times the face value. A pre-1965 quarter is worth at least about $3, no matter how low the rarity or condition. |
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Pillar of the Community
United States
7943 Posts |
I've been selling my old childhood collection on ebay over the last 5 years. A few things to consider ... For coins worth $10 or less, and smaller than a half dollar, I just put them in a flip or even a small paper 2 x 2 envelope, wrap a little extra paper around them, tape that to the ebay shipping printout, and put them in a first class envelope with a 50cent stamp. I've sold and shipped Indian Head cents, Lincolns, Jeffersons, Seated and Mercury dimes and Washington quarters that way. Yes, that entails some risk that a coin "goes missing", but it's happened only about 1 out of 100 shipments for me. I charge 59 cents for shipping that way, and I think I get more eyes on my coins because I'm not charging $3 or $4 for tracking. Just a thought ... If you are new on ebay, consdier trying to sell a bunch of lower value items to build up your feedback, before selling the higher value items. I know this goes against the grain of what most of us would prefer to do. Above all, enjoy yourself and don;t make it feel like work! |
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Replies: 19 / Views: 4,144 |
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Posted 03/19/2019 08:27 am
