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Posted 05/07/2010 5:48 pm
Joel,
I can see your frustrated. I think it is hard for me and others on here to to really understand your motivation. Do you need the money, so your going to sell a collection that someone close to you spent many years to put together and decided to leave it to you. Or do you just have no interests in coins and want to be rid of them. Most of us here, are here to learn more about the hobby and share our collecting experiences with each other. And as far as selling on here, the rules recently changed and it is no longer 2 weeks and 50 posts.
That is not to say members on here do not want to help you so you don't get ripped off.
Most are happy to help you. I have tried my self and it seemed hard for you to stay focused.
If you really want to sell your coins, you have to know what they can sell for.
To me the best way to sell is not all at once.
Number one thing you need to learn/find out .. is what the value of the coins are.
There are three groups of prices. Dealer prices, online/Ebay prices and selling to a collector prices.
You need to take one set of coins at a time, figure out which coins are common and which will bring more when sold. Do not jump all around, separate the common from the better coins, then move to the next set of coins.
Common coins can be sold anytime you want and all at once, of course you want to know what they are worth. And that the price of silver changes everyday, so you could get more or less from one day to the next.
Common silver half dollars, quarters and dimes will sell at melt value. For example you might get $12.00 for every one dollar face value. Common silver dollars may bring a little more.
Common circulated Lincoln cents and Jefferson nickel do not bring much above face value.
If I was selling your collection. and if I needed money, I would sell the common coins first.
Then take my time with the more collectible coins. For example: I would take just the 1921 D Walker
into all the local coin shops in my area. I would have a pretty good idea what the grade is and why.
I would then ask what they would give me for it, and ask to see what the buy and ask prices are for that coin to make sure their offer fall close to the greysheet prices. Understand you will not get the price dealers sell coins for, they have to make money to run their business, so their buy price will be much less. Of course I would let them know I have more key coins to sell and who ever gives me the best price will get my business. Good grade, key coins are what dealers want, in my experience taking them in one or just a few at a time will increase what you will get for your whole collection.
I can see your frustrated. I think it is hard for me and others on here to to really understand your motivation. Do you need the money, so your going to sell a collection that someone close to you spent many years to put together and decided to leave it to you. Or do you just have no interests in coins and want to be rid of them. Most of us here, are here to learn more about the hobby and share our collecting experiences with each other. And as far as selling on here, the rules recently changed and it is no longer 2 weeks and 50 posts.
That is not to say members on here do not want to help you so you don't get ripped off.
Most are happy to help you. I have tried my self and it seemed hard for you to stay focused.
If you really want to sell your coins, you have to know what they can sell for.
To me the best way to sell is not all at once.
Number one thing you need to learn/find out .. is what the value of the coins are.
There are three groups of prices. Dealer prices, online/Ebay prices and selling to a collector prices.
You need to take one set of coins at a time, figure out which coins are common and which will bring more when sold. Do not jump all around, separate the common from the better coins, then move to the next set of coins.
Common coins can be sold anytime you want and all at once, of course you want to know what they are worth. And that the price of silver changes everyday, so you could get more or less from one day to the next.
Common silver half dollars, quarters and dimes will sell at melt value. For example you might get $12.00 for every one dollar face value. Common silver dollars may bring a little more.
Common circulated Lincoln cents and Jefferson nickel do not bring much above face value.
If I was selling your collection. and if I needed money, I would sell the common coins first.
Then take my time with the more collectible coins. For example: I would take just the 1921 D Walker
into all the local coin shops in my area. I would have a pretty good idea what the grade is and why.
I would then ask what they would give me for it, and ask to see what the buy and ask prices are for that coin to make sure their offer fall close to the greysheet prices. Understand you will not get the price dealers sell coins for, they have to make money to run their business, so their buy price will be much less. Of course I would let them know I have more key coins to sell and who ever gives me the best price will get my business. Good grade, key coins are what dealers want, in my experience taking them in one or just a few at a time will increase what you will get for your whole collection.
They'll get you into trouble every time!
to the forums Jerry! I hope you enjoy it here! It would probably be best to start your own topic in regards to this question, as the current discussion on this thread isn't related to modern commemoratives.
