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Replies: 7 / Views: 2,495 |
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Valued Member
United States
128 Posts |
Hello! Hopefully I picked the right sub-forum for this post. I've been collecting coins for some time and have been fortunate enough to find many older coins from nations in Europe, Asia, etc. Almost none of them are silver though. (No gold coins either sadly.) I was curious what the best method for selling these "non-precious metal" coins might be. For example I found a nice group of coins from the German Empire, 1 2 5 and 10 Pfennig coins, a few of them in really high grades. I'd like to list them on ebay but I'm not quite sure what approach to use. Should I bundle all the coins into one lot and set it as an auction? Should I split them all up into separate individual auctions? Does Auction format or "buy it now" work better? I know coins made from common metals (Copper, etc) take longer to sell than their gold/silver counterparts, so I was hoping someone who's had experience selling coins like these may have some advice. Thank you!
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Rest in Peace
10197 Posts |
 A lot of questions! OK, I'll give you my personal experiences on ebay. I have done auctions, but don't really care much for them. If you sell each individual Item with a reserve start say, $.99 for a single 1900 1 Pfennig with $.50 shipping, that's about all if anything you will get. I lump coins together and sell in lots. Use the BIN (buy it now) venue. Decide if you will take offers or not. I generally don't, for people offer ridiculously low figures, and ebay's auto rate goes at 40% of your listing price. Make your listing what you want to get, check other similar sales if you can, see what others are charging. chose how many and types you have for each lot. I had put together three grab bags of all my mixed world coins, had 85 coins in each lot, sold for $10 each w/$4.75 shipping. These were all common, 1880's-1980's coins. The better you describe what you have in each lot, the easier I think items sell. If you have few listings, there will be no listing or relisting fees, only fees charged when sells. Be prepared for items to be renewed many times, be patient. Now, if you really want to move these fast, lowball the price when compared to others, may not make as much on individual sale, but you'll sell quantity. But do check what others may be selling a similar coin or group for, some people think their coins are golden and ask way too much. 
Edited by Crazyb0 05/11/2018 11:26 pm
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Bedrock of the Community
13014 Posts |
Low starting price auctions are a great way for most sellers to give things away for pennies on the dollar
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Bedrock of the Community
Australia
21788 Posts |
Why sell them? Start a collection of World coins.
I started out as a specialist collector. As I approached my rather near sighted goals, I realized that my numismatic collecting horizons needed to be extended. Once was a specialist, now generalist, across the whole of numismatics.
Bonus: I now post in most sub fora of the CCF.
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Bedrock of the Community
United States
12477 Posts |
The coins don't have to be silver or gold to be valuable. If you are certain that no individual coin is worth listing alone, I would group them by country. I have sold a few non-PM world coins and that was how they were requested to be purchased. Someone interested in Japanese coins will probably not admire the inclusion of common Belgian coins in the lot. If they are relatively common coins, there is no sense in listing every single one individually. They need to be combined into lots somehow. BIN lisitngs are good for this. Base your price on what you have invested in them, no matter how small. Try to turn a small profit while taking fees/shipping into consideration. Knowing what you have would help in giving more specific advice. 
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
 United States
128 Posts |
Thanks for the replies all! Lots of helpful info here, definitely taking it all in. I'm both a (novice) collector and a (novice) seller. I buy coins to raise money to sell coins to buy more coins...Trying to keep this fun little loop going! As for what they are, 1700's to 1900's coins, Pfennigs from Germany, Centimes from France, Yen from Japan, Pesos from Mexico, Reis from Brazil...on and on. I've been collecting coins from Flea markets and Antique stores for some time and have never been picky, so they're from across the Earth. Most places I go seem to think "If it's not American and it's not precious metal, it's not worth anything." And as long as they keep believing that I'll gladly take those "worthless" coins off their hands.  I've been trying running auctions starting at 99 cents and so far... mixed results. A few of them actually have gone for 99 cents when I know they have more value. So it seems like "Buy it now" listings, with coins all from the same country in each listing sounds like the best move forward. Thanks all, going to be trying that out.
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Pillar of the Community
United States
2926 Posts |
Quote:
The coins don't have to be silver or gold to be valuable.
If you are certain that no individual coin is worth listing alone, I would group them by country. Truth, and good advice. I went through my late Uncle's coins a couple of weeks ago and there were several foreign coppers worth in the $5-10 range. People generally are interested in coins more by country than by region or as part of a "bulk world coin" package.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Pillar of the Community
United States
6130 Posts |
Anything worth over $5 or $10, list individually. If you have a few coins worth more than $1 each, try some small lots of the same country. Lower value coins put together in lots and take what you can get, within reason.
Before I stopped collecting low value world coins to focus on fewer, higher ticket items, I occasionally bought from a seller who was clearly buying in bulk, sorting the coins by country, and reselling them for a decent profit.
Just make sure you identify the best coins in your lots, and make sure those are prominent and visible in your listings.
Also, for any coins that you could lose a fair bit on, make certain that you set your minimum bid at the minimum amount you will accept! I usually spot them after they are ended, bit I have seen people sell high value Japanese coins (10,000 yen coins worth $100 face value) for as little as half of their *face* value!
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Replies: 7 / Views: 2,495 |
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