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 Replies: 43 / Views: 6,608 |
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Valued Member
Canada
155 Posts |
Hi. I have some coins from my collection that I would like to sell. I am reluctant to go to a dealer because many of the reviews paint them as unscrupulous (at least the ones I checked near my home). I am thinking about selling on ebay or Delcampe or some other site, but I am a complete novice, and would like some advice. - Do's, Don'ts, and how to figure out what would be reasonable prices to ask for, e.g. see what others are asking on ebay, check other sites, whether to establish a fixed price or auction, etc.. I would appreciated any advice. Thanks |
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Pillar of the Community
United States
7840 Posts |
 I am sure that some Canadian specific folks are going to chime in. Once you get the required amount of quality posts (50) you can list your items here! With no fees! And we are always willing to give our 2 cents on your coins and notes, provided we see them  As far as ebay goes, there are fees and more fees ( ebay and Paypal), and sometimes the highest bid is not what you wanted to get out of the item. It's kinda like gambling; sometimes you win (higher than expected sell)...sometimes you lose (lower than expected sell). Be sure to check out the completed listings to get an idea of what kind of prices the item is going for. You can always set a reserve amount (more fees) so that the item will not sell until it reaches that amount. I always start my ebay items with a bid of .99 and let it go from there. The important thing is having fun! Success! Edited by oih82w8
02/21/2012 6:56 pm
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Previously Ousted
Canada
398 Posts |
first, make a list of exactly what you have and popst it here.
then follow the suggestions you will receive here.
Depending what you have, you might be asked for sharp images.. (not images which shoe your kitchen table cloth etc. more than the coin.
best I can do for now.
where are you located?
if you can, send an email
cg
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Valued Member
Canada
319 Posts |
For ebay, you can start an auction off at a higher amount and see if anyone will bid. You can do buy-it-now, but if you undervalued your item you will lose out. If the items are of great value you could get higher than you expect for the items on ebay. I think the first 50 auctions are fee listing, but only if they are 1 cent starting auctions. Keep in mind ebay takes about 9.8% of the final bid value on the item and the shipping. You can factor in some of those fees within the shipping, but if the shipping is too high you could be susceptible to negative feedback from the winner. |
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Valued Member
 Canada
155 Posts |
Wow, lots of good advice. Thanks, all.
One person suggested I get some ideas on possible values by posting them here, with photos. Does that work? Sorry for being a complete newbie... I am in your capable hands.
Thanks,
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Valued Member
United States
157 Posts |
I am in no way an expert at this, just a hobbyist, however, with the help of existing ebay stock, buy it now etc, may I suggest making an inventory sheet as mentioned, scribe some prices from a Trends paper, ebay and possibly if available to you from a Charlton book. You possibly won't get full price of what trends is suggesting or the book, but it will start you off in the ball park. Just a thought. |
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Pillar of the Community
Canada
572 Posts |
yep, check selling prices from dealers, as well, if possible. browse a few posts here you will find some online dealers recommended/reviewed by many knowledgeable folks here. that's basically how I started, although I'm looking to buy than selling.
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Pillar of the Community
United States
1659 Posts |
to the forum! If you have the ability to post photographs of your coins here, there are a lot of very knowledgeable people here that would be happy to give you an idea of value. High quality photographs are a huge part of successful selling on ebay. |
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Valued Member
Canada
155 Posts |
I will do this. Which forum should I post on? Most are Canadian coins, but I also have some US coins and some from Europe- Turkey, Bavaria, GB, etc. Thanks. |
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Valued Member
United States
240 Posts |
oih82w8, you need 250 posts to list for sale here, only 50 to buy. The requirements changed.
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Pillar of the Community
Canada
972 Posts |
My advice is buy low and sell high.
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Pillar of the Community
Canada
849 Posts |
Hey, I have been selling on ebay the last 2 months with pretty good success. Well trying to get my collection up to par I took the buy a roll approch (small cents). Basicly been working on my Queen Eliz set by buying a roll from each year and picking the best ones for me set. With this approch I have tons of extra coins so I sell them on ebay like the following: - ebay give you 50 free auctions with ANY STARTING PRICE. So I price my auction with an amount I am happy with (with taking the 9.8% ebay fee and $0.30 + 2.9% paypal fee into account). - I never sell a single coin for under $2.50. Really It just not worth it because of paypal taking $0.30 + 2.9% per transaction (just not worth it) - Make sure to include Packaging, Handling and shipping cost when calculating shipping. I charge the following: - Free shipping on higher prices single coin items (Coins I want to sell for $8 i'll list $9.49 with free shipping to caanda and charge $1.00 for USA... people like free shipping) - 1-2 Coins - $1.49 Canada, $2.49 USA - 3-10 Coins - $2.49 Canada, $3.49 USA - 11-20 Coins - $3.49 Canada, $4.49 USA - I find that sets of common coins sell better then singles (this also helps with paypal fees). I like to list 60-69, 70-79, etc. - For varities I list them seperatly (Hanging 2s, Double Dates, etc) - For single coin purchases I offer combine shipping of $0.50 per item (helps get double single coin sales) Help that helps --James |
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Valued Member
Canada
155 Posts |
Buy low and sell high. Wow. I never thought of that (LOL). Is there a way I can check on ebay to see what items sold for. I can see all the auctions that are open, but is there a place I can check for sold items? |
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Pillar of the Community
Canada
849 Posts |
I haven't found a way. But if I'm looking to sell something and there are others up for auction i'll add them to my watch list so that I can see the final price was. But like others have said you can post you items up here and ppl can give opinions on how much you can get. I personally just look at other items up for auction and use them as a guildline and take how much I paid into consideration. I usually like list items at double my cost which after fees and such I still profit enough to make it worth it and use the profits to buy more coins :). Hope that helps.
--James
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Valued Member
Canada
155 Posts |
Hi james.
Good advice, thanks.
So, for your single coins, do you set a reserve of $2.50 at the outset? I have a pile of pennies, and not worth too much on their own. So if I understand you correctly, you would sell them in a single batch of say, canadian pennies 1960-1970? If I get 50 free auctions, does it make sense to ry to sell my higher priced items first, so that I can comfortably set a minimum starting price? Then later, if I have lower value items, e.g. pennies, to wait until I have exhausted the 50 free ones?
Carl
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Pillar of the Community
Canada
1984 Posts |
If you want to find past ebay sales, you can go into advanced search and click on completed listings. I don't remember how far back it searches, but it will give you useful information for most relatively common coins. |
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Replies: 43 / Views: 6,608 |
Posted 02/21/2012 6:50 pm
