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 Replies: 35 / Views: 2,495 |
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Forum Mom
 United States
5877 Posts |
Sharktoy, While I admire your ambition, it is not easy to get into coin sales - especially on ebay. Bobby and I were lucky. I had a 30-year collection to sell to get us started. Since then, we've purchased our own inventory in addition to selling on consignment. The consignment sales seem to be the best way to go but it is difficult to find clients that will let us sell the way we know works - which is starting bidding low and no reserve. You also need to be sure that you take the fees into account when you decide how much you can afford to sell a coin for. For instance, if you run a common Mercury dime in Good condition at auction for 7 days, starting bid 99 cents, with a gallery picture, the listing fee is 55 cents. If you accept Paypal, you will have to pay another 2.9 percent of the sale price. There is also the final value fee which is 8 percent of the final sale price. Total fees for this sale are 80 cents, without considering your purchase price. It is possible to get these for $1.00 these days. This makes a total profit of 70 cents. There are a lot of things to consider when selling. I wish you all the best, but there is no sure-fire way to make a profit. Also, if you are looking to sell on ebay, you need to take the time to establish yourself as a reputable seller. This is especially important nowadays since there are so many scammers out there. Hope this helps. |
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Valued Member
 United States
129 Posts |
Hi susan,
Thanks for the information. I am already a power seller with over 125 positive feedback. I used my jewelry store to bring me up to that position. Now I throw a few coins into my auctions. I would post my username but I must first post 50 topics or replys. Thanks :)
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Valued Member
United States
129 Posts |
anyone need to get rid of some morgan coins that will sell it for a great deal. Please contact me. Thanks
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Pillar of the Community
United States
1247 Posts |
Shark, You will always hear the wonderful stories about how so and so cherry picked something at a show and "flipped" it for a $1,000. Some of these stories are even true. In fact the late John J. Ford Jr. cherry picked an original CSA half dollar in 60's and he wasn't even trying. It was offered to him at a convention but he didn't have the time to look at it, so he just threw out an offer for a re-strike which was accepted. Later he found out it was one of the original four.
There is no shortage of speculator glamour stories. There does seem to be a shortage of (current day) horror stories however. Maybe it's too embarrassing for speculators to admit the daisy-chain unraveled on their watch?
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Valued Member
United States
129 Posts |
I noticed the gold market is shooting upward. Will this make the american eagles worth more? More than a few dollars?
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Pillar of the Community
United States
2365 Posts |
quote:
Originally posted by sharktoy
I noticed the gold market is shooting upward. Will this make the american eagles worth more? More than a few dollars?
Sharktoy - the answer is yes, ofcourse the increase in bullion (gold/silver) will increase the value of any gold/silver coin. The reverse being that they will also cost more to purchase. I think that you should find a good book on Numismatics. Perhaps that will help you to understand coin collecting. Anyone know of another publication that will help Sharktoy to understand, the basics atleast, pertaining to her questions? |
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Pillar of the Community
United States
1454 Posts |
Coin Collecting for Dummies? Not a joke. There really is a book called this, it's from the for Dummies series. It was the first coin book I bought. Got mine at Barnes & Noble.
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Member
United States
1154 Posts |
YEa its a pretty good book. I got it from the library.
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Pillar of the Community
United States
2365 Posts |
Great suggestion Irishraider! I saw those just last night at Barnes and Noble and didn't even think about them. The Dummie books are really good for just about anything. I hope that sharktoy takes you up on your suggestion. It's a very good place to start - basics and more.
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Bedrock of the Community
United States
14454 Posts |
sharktoy, I dont know what you call a good deal on Morgans but I am in the middle of a Major renovation of my Morgan collection and have been selling off all of the coins I have been upgrading here before I put them on ebay, and although you have to have 50 posts to sell/trade that is not a requirement to buy so keep on checking on the sell part of this forum as a few of us sell morgans on there from time to time, I just sold 13 different dates on here last week for what I call really good prices, they were at greysheet bid or ask which is alot better than you would find on ebay because of the fee's. Many of my Morgans are unatributed VAM's also so even though a VAM isn't quite a error coin but it is a Variety coin Edited by Bryan1315
07/14/2006 12:08 am
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Valued Member
United States
129 Posts |
bryan do you have a ebay name? |
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Valued Member
United States
129 Posts |
I am interested in your coins bryan. How can I see them?
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Bedrock of the Community
United States
14454 Posts |
I always sell on here before I sell on ebay, so if I have any for sale they will be down in the buy/sell/trade section of this forum's main page. I had 13 on here last week but all of them have been sold so just keep checking because I have quite a few left that I will be getting rid of soon |
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Valued Member
United States
129 Posts |
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Pillar of the Community
United States
2177 Posts |
quote:
Originally posted by Irishraider
Coin Collecting for Dummies? Not a joke. There really is a book called this, it's from the for Dummies series. It was the first coin book I bought. Got mine at Barnes & Noble.
 Ha! Thanks for the heads up. I'll be getting a copy!  |
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Replies: 35 / Views: 2,495 |
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Posted 07/12/2006 9:01 pm
