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 Replies: 19 / Views: 4,140 |
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New Member
United States
27 Posts |
My husband collected coins for over 40 years. Most coins are in Dansco or similar Albums and I will be selling the coins individually on ebay. I've already sold the uncirculated and proof sets and some of what he used to call "his seconds". I have the Red Book and a grading book, but I don't feel comfortable grading myself as too subjective. So I'll be coming here for help. I have list of the most valuable for each coin type, and know enough of the basics; i.e. not to clean them, handle with white gloves and place in 2 x 2 holders. I think I should have some slabbed as better prices are graded ones, but due to expense, I will try to upload some images to get an idea if worth submitting. Any other suggestions? Looking forward to getting some assistance.. thanks in advance. |
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Bedrock of the Community
Canada
24885 Posts |
 To the Forum. |
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Moderator
 United States
15395 Posts |
to the forum. Reading your post it appears you already know the basics - suggest that you share some photos in the appropriate forum for any specific coins you have questions about. We'll do whatever we can to help Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
5464 Posts |
I wouldn't worry about grading them or submitting them for grading. Just post them here on CCF for grading opinions. If you're going to auction them on ebay, let the market drive the price. Tip: If you post them here or on ebay for that matter, post quality, full/entire coin, close-up, not blurry, obverse and reverse of the coins. Take the best pictures you can. Edited by USSID18
03/18/2019 8:48 pm
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Pillar of the Community
United States
3540 Posts |
Welcome! You have tapped the best resource for your question. My condolences of your husband's passing. ebay might work, but the listing/selling/PP fees, probability of returns, and ripoffs makes this venue, less than ideal. Unfortunate. First, don't sell anything else until you have at least two or three opinions of value (not insured value, but purchase value). Second - local coin club available? PHOTOGRAPH all that you take to the club meeting. Show up at a meeting, explain the situation, advise nothing is for sale at the moment, but will take offers against other offers you have. Third - PCGS website has a great grading tutorial with excellent pictures of every coin series. Fourth - grading. oooph....and the fees! Some items will need to be graded. Others, probably not. In my opinion, as it stands now, unless a coin is worth $250 or more, not worth the time and $$ to have PCGS or NGC grade. IF there is a huge price increase between a one grade to the next, might be beneficial. Fifth - Local coin store(s). PHOTOGRAPH what you take to the shop. Don't take everything. Just a sample. Ask what they will pay. Write the pricing info down. Report back here. Sixth - an excellent option is Great Collections. Email or call them with a list of what you have. Any other questions? |
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New Member
 United States
27 Posts |
Thanks for the assistance... I really hate to sell the coins as my husband never sold any and spent hours with his hobby. My kids don't have the passion collecting coins the way my husband had, so they suggested I sell them myself. I'm afraid if I just store them, after I'm gone, they will take to the local coin dealer and just sell for peanuts...so I'm taking on the challenge. I want to honor my husband the best I can, so I've spent the last year learning as much as possible about coins and want to make his effort in collecting them pay off. So glad I found this forum.
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Moderator
United States
187702 Posts |
to the Community! |
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Valued Member
United States
453 Posts |
Sorry for your loss first of all. You already seem pretty knowledgeable on the "no-nos" I would suggest you take some time practicing your photography skills, good pics will be key to getting accurate info here and getting your highest price on ebay. If you take a look around the sight you'll find some threads and guides about getting good pics. I'm not the expert but I know how important it is. Also, if it were me I would first think about a couple meaningful pieces to save. Once they are all gone someone might suddenly feel different about the sentimental value. |
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Pillar of the Community
United States
8715 Posts |
to the CCF! |
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Rest in Peace
United States
18456 Posts |
Well you already have the hard part down ,( knowing somethings about coins ). Great and I agree with USSID18 about your coin photos . We will be happy to help you .  |
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New Member
United States
8 Posts |
I like great collections and heritage auctions. I don't remember which one but I know with one of the two there's no upfront cost except the shipping to them. But you can make a simple list of what you have and it's estimated value and submit it to them to review. They will let you know what is worthwhile. You then send them in and their grading experts further check out what is again worthwhile and will actually get me grade and have a market. You then decide what you want to go through and get graded and sold, they send to grading company (PCGS I believe) and get your coins graded under their bulk grading discount price, and when they get them back all graded and slabbed all pretty like, they put it up for sale in their auction. I believe this is most cost effective. They only keep 5 % of total sales up to a certain amount and they charge you after the end of auction by subs tracking the 5% cut and fees for grading.
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Valued Member
United States
419 Posts |
I think Heritage and Great Collections both have a minimum fee and they do not mess much with raw unslabbed coins. They will have the expensive ones slabbed and you pay the fee. I am a big fan of selling at auction such as with these two. But there is nothing wrong with selling on ebay. They have a huge audience. It is essential that you have great pictures on ebay. Many of the sellers there have terrible pictures. On many you can not even see the date on the coin, let along the condition. In a big auction, you get what the market dictates. I have sold over 75,000 lots (mostly fishing stuff) on ebay and often get more than I expected. The killer there is high shipping and a high minimum bid. Some of the same coins that I follow on ebay have been on there forever and will not sell in this market. If you really want to get some action, start everything at 99 cents and free shipping. There are a few sellers of coins there that do that now and they seem to get very fair prices. I still remember the coin I bought for $1 without checking the shipping fee from Canada. $35 !! Guess who I will never deal with again? Lots of work taking all those pictures and creating auctions but since there is no buyer's fee on ebay, folks bid more than with auctions that charge buyers fees or have high shipping. |
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Pillar of the Community
United States
5029 Posts |
to CCF |
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Pillar of the Community
 United States
6514 Posts |
Sorry for your loss. Nice of you to honor your late husband this way.
Good luck with the task at hand. Seems like you're in a good place and not feeling overwhelmed.
The people on this site are very knowledgeable and most will tell you how they see it.
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Valued Member
United States
419 Posts |
If you have excellent pictures, let the bidders decide on the grade.
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Pillar of the Community
United States
4691 Posts |
Great Collections will send your coins in for grading (they only sell graded coins), and take care of auctioning. If they sell for over $1000 (each) there is no seller's fee and they will also give you a cash advance. I would only use ebay for low value coins, not worth grading, and possibly bundle the coins to save on shipping costs. |
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Replies: 19 / Views: 4,140 |
Posted 03/18/2019 5:34 pm
