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 Replies: 18 / Views: 4,583 |
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New Member
United States
25 Posts |
Hello everyone, I searched but didn't find the answer. What is the best place to sell a graded Peace dollar? I saw ebay raised the charges to 10% final sale price and I wanted to see a place with less charges with good results. Thanks in Advance. |
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Pillar of the Community
United States
5825 Posts |
ebay is still probably you best place. And I think the FVF has been 10% for a while not. Craigslist is probably cheaper but you are taking a serious gamble listing there. The bigger auction houses won't be interested in your coin unless it's a VERY high grade and catalogs in the high 100's or more. Plus their FVF is more like 17.5%. You won't have to pay a fee at a dealer's B&M store BUT they won't pay as much. For all of their problems (which are many) ebay is still the best.
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Moderator
 United States
23522 Posts |
Quote:
I wanted to see a place with less charges with good results. Not happening. ebay is cheaper than the alternatives. With that said, what is the specific coin? Value tends to affect the appropriate venue; if this is a $1000 coin I'm going to offer a different suggestion than if it's a $100 coin. |
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Pillar of the Community
United States
8517 Posts |
Agree with Kanga !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
1158 Posts |
ebay you will get paid essentially full retail, reach a worldwide audience, and only pay 10% commission (10% includes paypal fee, too) Sell it locally, you'll reach a limited audience, worry about your safety meeting potential buyers, get haggled down to below retail Coin shop, you'll get low wholesale because the dealer has to sell it at ebay prices and still make a profit. A real auction house will charge 30%+ People complaining about ebay just haven't thought it through or don't remember how hard it was selling things prior to ebay. 10% is a bargain, even if I hate ebay's monopoly power.
Edited by tkbslc
09/25/2014 12:40 pm
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New Member
 United States
25 Posts |
Thanks everyone, didn't realize everyone is charging up to 17% fees. As fat as the coin it is a 1922 Peace dollar MS66 and 1925 Peace MS65. With this being the coin I take it ebay is still the best? |
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Pillar of the Community
United States
1002 Posts |
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New Member
United States
25 Posts |
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New Member
United States
25 Posts |
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Valued Member
440 Posts |
Float it on the bay ( ebay). |
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Moderator
United States
15469 Posts |
As lovely as these may be may be ... neither of those coins are truly expensive. The 1922 MS66 is a $600 coin and the 1925 MS65 is a $150 coin. That said ... ebay is the way to go for your coins IMHO. For $5,000 plus coins a major USA auction house earns their increased premiums by reaching a larger audience of well-heeled collectors. Humbly correcting some mis-information that was posted earlier in this thread ... Quote:
(10% includes paypal fee, too) The PayPal fee for all ebay transactions is 2.9% ... so all ebay sales cost the seller 12.9% of the final price. ebay also imposes a 10% fee on the stated shipping cost. Quote:
A real auction house will charge 30%+ There might be some auction houses somewhere who do so ... but the major USA auctions houses (Heritage and Stacks) charge the seller 17.5% of the winning bid. Best of wishes with selling your coins. David Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
United States
1002 Posts |
Nickelsearcher is spot on. On approx. $750. gross sale - minus roughly $100. in fees net will be about $650. in your pocket. Post an ebay auction with excellent pictures, free shipping and ending on a Sunday evening. You may net a little more, sometimes those PCGS OGH get a small premium. Good Luck! |
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Pillar of the Community
Canada
5417 Posts |
Night hawk is spot on. ebay is your best bet. Good luck  |
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Pillar of the Community
United States
7840 Posts |
Surprised that nobody mentioned greatcollections.com
5% seller fee if the coin is sold for under $1000.
No fee if over $1000.
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New Member
United States
25 Posts |
Thanks everyone for the input. I guess I will give ebay a try. |
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Moderator
United States
23522 Posts |
Quote:
Surprised that nobody mentioned greatcollections.com
Check there, and Heritage, first. Do your due diligence. Maximize the potential. ebay might be the best venue, but as you look closer you'll find it's a crapshoot. Some coins go for ridiculous money while others languish. And if you protect yourself with a high starting bid or a Reserve, you'll drive away potential customers who don't like those formats. It might be that a more secure, yet slightly less profitable, venue like Great Collections would be the smarter course. We can't define your tolerance for risk, of course, so it behooves you to carefully figure that for yourself. I wish you the best of luck and don't hesitate to ask any questions about the coins or the process which may occur to you. Also, if possible, I'd like to see images of these coins. There are varieties known for both of these years which will possibly add value, or at least make them a more attractive target. |
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Replies: 18 / Views: 4,583 |
Posted 09/25/2014 08:47 am
