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New Member

United States
1 Posts
 Posted 05/23/2012  2:40 pm Show Profile   Bookmark this topic Add KraftiKathi to your friends list Get a Link to this Message Number of Subscribers
I am totally new here. I just inherited some coins, one of them gold, some 2.oo bank notes, etc. My ? What is the best way to go about selling them? I have looked them up on line and know that they do have value. If I take them in to a coin dealer is he only going to offer about 1/2 of what they are worth? What about a local show? What about direct selling - or any other avenue to pursue? I also have a bunch of old postcards. My brother has a slew of stamps. Hints and ideas of what to do? Thx bunches!!
Valued Member
MadMortician's Avatar
United States
397 Posts
 Posted 05/23/2012  2:57 pm  Show Profile   Bookmark this reply Add MadMortician to your friends list Get a Link to this Reply
Weclome!

Online guides/books are a good way to look. Also, searching on e-bay for the same/similar items may not give you the overall value, but will give you a starting point idea on what people are willing to pay.

And lastly, going into a coin shop should give you an better idea as well. Yes, if you sell them to a coin shop you might not get the full value, but most collecting shops I've visiting will at least tell you what the value is in addition to perhaps making you an offer to buy the coins.

Good Luck!
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coinwatch's Avatar
United States
808 Posts
 Posted 05/23/2012  3:04 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
Welcome, KraftiKathi!

You are wise to take the time to do some research before selling. Other members here have more experience with rare bank notes and paper currency, but I might be able to help with the coins.

Before you decide where to sell, it's important to know a little about the coins you're selling.

Do you happen to know exactly what coins you have? If you can post a photo, that would help with identification. Otherwise, post the nationality(USA, Canada, etc), face value ($5, $10, etc), and and other information you see on the obverse (front) or reverse of the coin.

Mad's previous recommendation for searching ebay for similar coins is excellent. It does, however, assume you know enough about the coin to make a good search. If you have USA coins, take a look at the sidebar here on the Coin Community web page...you'll see a red horizontal menu bar that says "US Coin Facts." Give that link a click. If you can find your coin in the list, just click on the desired link. You'll not only see a color image of the coin, but you'll also get some basic information and a list of current ebay auctions for similar coins.
Edited by coinwatch
05/23/2012 3:21 pm
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Coinstar's Avatar
United States
1510 Posts
 Posted 05/23/2012  5:02 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
I do stamps also--are the postcards/ stamps US? and what time frame are we talking about
Retired USAF 1983-2003
Rest in Peace
Buddy's Avatar
United States
7075 Posts
 Posted 05/23/2012  5:08 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply


DO NOT CLEAN THE COINS!!

Washing them, or trying to polish them will greatly diminish their value.

The grade (condition) of the coins and notes has a lot to do with their value.

If it is at all possible (yeah, I know it's a bit of work) take photos and post them here. There are a lot of experts (I am not one of them) here who are very generous about sharing their time and knowledge.
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macmercury's Avatar
United States
5837 Posts
 Posted 05/23/2012  5:50 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Rule #1 Do NOT clean coins, wash, rub on the surface and leave fingerprint on coin.

Rule #2 Remember rule #1.
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Coinstar's Avatar
United States
1510 Posts
 Posted 05/23/2012  5:59 pm  Show Profile   Bookmark this reply Add Coinstar to your friends list Get a Link to this Reply
rule #3 never buy coins off the TV
Retired USAF 1983-2003
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