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Replies: 98 / Views: 12,972 |
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Moderator
 United States
187950 Posts |
Quote: Maybe during these times of listing drought we could increase the limit of listings from 3 to 5 per member  That is a good idea.  Let me run that up the flagpole and see if anyone gives it a salute.
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Pillar of the Community
 United States
1888 Posts |
Quote:
Maybe during these times of listing drought we could increase the limit of listings from 3 to 5 per member Quote: That is a good idea.
Let me run that up the flagpole and see if anyone gives it a salute. Hats off to this. I have so much to sell that I could keep this going for months if only allowed three at a time. The selling limitation makes no sense to me at all.
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Pillar of the Community
United States
834 Posts |
OK, mods upped the limit to 5 listings as suggested. That was fast! I hope that encourages more sellers to post here.
@mysilveryears and all others, let's see what you have!
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Moderator
 United States
187950 Posts |
The suggestion was met with zero resistance. 
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Moderator
 United States
95324 Posts |
Quote:The suggestion was met with zero resistance.  That's what happens when a good idea is presented.. 
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Pillar of the Community
 United States
1888 Posts |
Quote: @mysilveryears and all others, let's see what you have! I will figure this out soon enough. Having never sold coins online before, I am sure to encounter a learning curve.. mostly involving shipping. I have 100% positive feedback on ebay; 5000+; from sales of items from my 'other' hobby, which typically does not require any insurance other than that offered by postal tracking. It is 'end game' time here for coin collecting. Major expenses coming up soon. I would love to receive some input from y'all, as to what to offer first.
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Moderator
 United States
187950 Posts |
Quote: It is 'end game' time here for coin collecting. Major expenses coming up soon. 
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Pillar of the Community
United States
834 Posts |
Always sorry to hear when a fellow collector is leaving the hobby for ANY reason, hope all is well for @mysilveryears.
I sent this message by PM to @mysilveryears, but just in case anyone else is wondering, I'll post this here:
As for shipping coins, it's easy. Anything valued up to $100 you can send by USPS ground advantage. It's a new category for small parcels, includes tracking number and insurance up to $100. Costs about $5. Use a small, padded envelope and lots of tape on all edges so nothing "disappears" in the mail stream.
Over $100, I use small, flate-rate USPS Priority Mail boxes. Put the coins in an envelope or tube (depending on number of coins) then slip that in some bubble wrap or packing paper, into the box and again lots of tape on all edges. Cost about $10.65 for shipping, also includes a tracking number and insurance up to $100. I always insure for full value, and that can add a few bucks to shipping but worth it! I've sent boxes worth up to $3,000 and no trouble.
Keep us updated and ask lots of questions if needed.
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Valued Member
United States
218 Posts |
Quote: I sent this message by PM to @mysilveryears, but just in case anyone else is wondering, I'll post this here:
Interesting; thank you! (I've never sold a coin before, either.) As an American who buys primarily from Europe, I'm curious if you have similar thoughts for international selling. I would think there are people in other countries who would want the opportunity to buy from US sellers... though I imagine it's gotten a lot more expensive & complex in recent years.
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Pillar of the Community
United States
834 Posts |
Quote: I'm curious if you have similar thoughts for international selling. @samoth - It's a matter of risk aversion. How averse are you? Only you know the answer. Obviously people buy and sell internationally every day of the week and most transaction are fine, but it is indeed more expensive and more complicated. I've sold a few items to internatinal buyers, maybe 6 or 7 times I think, and have traded with several others through another website. I have a 98% success rate (lost a couple packages, but most get through). Here are my two big concerns: (1) Fraud: even if you demand payment upfront, that payment often can be "clawed back". Credit card payments can be disputed, wire transfers can be rejected (sometimes days or weeks later), checks and money orders are iffy at best, and of course cash can be counterfeited. This can all happen with US buyers too, but within the US we are better protected by federal and state laws. You can file civil or criminal complaints and possibly recoup your losses. But internationally? Tha's a lot harder, and probably not worth the risk for most of us. Even if you get a judgment against a buyer you still have to collect, and that's tough in international trade. Not worth it for most hobbyists. (2) Shipping: can be very expensive. By international agreement, any object in an envelope other than a paperclip or similar clasp is an "object" and all "objects" must be declared and shipped as a package. For years we all ignored this rule and had good luck mailing coins first class, but no longer! The PO is on to us and recent EU rules complicate the issue - they want detailed descriptions of everything along with specific valuations and then on the EU side the buyers have to pay duties. For anything under $100, and just one or two coins, you can often mail coins in an envelope between rigid sheets of cardboard (the coin sandwich) and hope for the best. But you get no tracking info, and no insurance. Next choice is padded envelope but those typically require a customs for and shipping starts at $15. You get tracking but it's not secure, and insurance is extra. Next step up is Registered Mail. This is VERY secure (envelope goes in a canvas bag secured with a padlock and carried by hand between destination, signed for at every step). But registered mail is also expensive and slow. And again, no guarantee that your payment will come thru unscathed. That's my Two Cents. I'm sure others here have sold internationally and had good experiences. Same here. Most of the time it's no trouble... but when there is a problem, now what? Feel free to ask more questions. Always happy to discuss.
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Valued Member
United States
218 Posts |
That's great info, JB. I didn't know some of that. Thanks!
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Pillar of the Community
United States
619 Posts |
In my experience of shipping to CCF members residing in foreign countries (less than a dozen times) I have never had a problem. Currently, I restrict my sales to domestic. I once shipped a chess computer to India with no problems through another site but that was 30 years ago.
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Pillar of the Community
United States
834 Posts |
Quote: In my experience of shipping to CCF members residing in foreign countries ... I have never had a problem Agreed, CCF and similar forums are less risky than selling via the open market. Mods restrict who can buy / sell / trade, you need some history here just to reply to a listing. Every forum has some rules in place to reduce risk, but nothing is guaranteed. So, to samoth's question, I say know the risks / costs and act accordingly... PS: I dont have an exact figure, but I've shipped internationally 30 or 40 times and lost 5 or 6 small packages / letters. Shipped twice to Thailand and was told by the buyer to use Registered Mail because items would be guaranteed stolen otherwise. It was expensive and slow but safe! Lost a package to India Post... What could I do? USPS says it's untraceable once it gets to India. They suggested next time I use FedEx because it stays in FedEx's possession all the way to its final destination! One package to Guatemala was delivered to Egypt (I traced it thru USPS tracking and said "What? Why?") but package was eventually returned to me in the US. Had to re-send to Guatemala and it made it there the second time. Last year was sending a dozen or so coins to Scotland. Other guy wanted to save on shipping so he suggested regular mail. I split the shipment between two envelopes to avoid detection of a single heavy letter. He got one letter but not the other. That stinks! I have no way to trace that, no insurance, nothing I can do. That's the risk.
Edited by jeffbuckes 07/06/2025 2:33 pm
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Pillar of the Community
Portugal
655 Posts |
I would not mind selling some of my duplicate double eagle types back into their county of origin. They are too nice to dispose of as bullion. But it is not worth the bother and risk of shipping them, no parcel handler here accepts precious metals. I do not know how coin shops here deliver to the USA, if they do. I think they risk sending the coins without proper description. Would only sell in person to someone happening to be visiting my country. Which is unlikely. But those coins can sit safe in a safe for the time being. 
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Pillar of the Community
United States
834 Posts |
@jecz79 Your desire to sell US coins only to US buyers is interesting but self-limiting. I like the idea of repatriating the coins, and US buyers might offer a higher premium than collectors from other nations, but you are adding hurdles to your possible sale. You wont run into many US tourists in Portugal carrying thousands of euro in cash looking for your gold coins. Those who are looking for gold are going straight to a licensed dealer, not private sellers. There are, however, many thousands of US expats who live in Portugal. Some of them may well want to buy your coins. You can start by listing some for sale here with a note that buyers must pay for and pick up coins in person. If no takers, you can list the same coins for sale with the same restrictions on facebook or similar sites. You can readily target US expats in Portugal. There are also other coin related forums where you could list items for sale. Some have a larger auduence and more traffic in the For Sale threads than you'll see here. Not sure whether CCF mods want me to name them here? Meanwhile, if ever you do manage to find a buyer in the US, and you have to ship the coins, I urge you to only use registered and insured mail with a complete declaration of the contents including the actual selling price. Shipments with incomplete or falsified documents may be forfeited. I am not an expert on shipping numismatic items from the EU to the US, but I expect that the coins might be subject to customs duties on one or both sides. Same might be true for buyers who carry the coins back to the US on their person. Customs laws are very specific and revolve around purity, issuer, value, etc. (A couple years ago I was stopped at a US border crossing with about 5k in silver coins but was allowed to pass with no duties after answering a few questions.) In the end, might be better to loosen your criteria and just sell the coins locally, or, as you said, just hold on to them.
Edited by jeffbuckes 07/08/2025 10:21 pm
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Replies: 98 / Views: 12,972 |