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How Much Is It Worth, Or Where Can I Sell It.

 
 
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Pillar of the Community

United States
685 Posts
 Posted 05/29/2019  1:22 pm Show Profile   Bookmark this topic Add Panther to your friends list Get a Link to this Message
PLEASE, when you post a topic about a coin you suspect may have an error, PLEASE DO NOT ASK WHAT IS IT WORTH, OR WHERE CAN I SELL IT.
This is a sure way to get your post deleted.
Several interesting coins have been posted, and the discussions were not completed, when the Moderators removed the topic.
IF your coin is valuable, or desirable, someone will tell you so. It is against forum rules to suggest selling a coin in your topic.
Personally when the first thing I read in a topic is; "How much is it worth." I get the impression that the poster of that topic does not really care about collecting, but just finding coins to sell. That in my mind is NOT the spirit of collecting. Most common errors are worth face value, even rare variations of mint errors are in some cases not Valuable, and only reach a small premium. As far as the really rare coins are concerned, the chances of finding one in a roll search, or pocket change is extremely rare. If your goal is to get rich off of a rare coin, you will do better if you buy a lottery ticket, the odds are more in your favor.
I personally feel the point of this area of the forum is dedicated to getting to the bottom of whether the coin is an error or not. Not how much a coin is worth.
So that all questions can be answered, please do not off er buy, or sell a coin in your topic.

Dan
Bedrock of the Community
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United States
24794 Posts
 Posted 05/29/2019  1:55 pm  Show Profile   Check Errers and Varietys's eBay Listings Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I completely agree with you Panther. I absolutely hate it, when people say this. In my opinion, it seems like they're too desperate to make quick money. That's not really how this hobby works unfortunately. It would take a ton of searching to find something worth a lot of money (which is pretty rare).
More information about Die Deterioration? http://goccf.com/t/317950
Retired U.S. Mint Coin Die Set information. http://goccf.com/t/302961
Machine Doubling Tutorial. http://goccf.com/t/332421
Die states progression on coins. Scroll down, so you can see the different die state progressions. http://goccf.com/t/325638
Die Deterioration Doubling Tutorial. http://goccf.com/t/336470
Split Plate Doubling Tutorial. http://goccf.com/t/357614
2000 P LMC With Retained Struck Through error. http://goccf.com/t/357080
Pillar of the Community
United States
3253 Posts
 Posted 05/29/2019  2:11 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
"WHAT IS IT WORTH?"
An honest question. Many ordinary people who are not collectors
may be faced with coins that they do not understand.

WHERE CAN I SELL IT?"
On the other hand this question raises a lot of red flags!
Before I clicked on this post my radar went off and sirens
began to wail. It smelled bad....

So I am in agreement with Panther. Selling coins, while part of the hobby, should remain apart from posts seeking knowledge.
Bedrock of the Community
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United States
40929 Posts
 Posted 05/29/2019  2:17 pm  Show Profile   Bookmark this reply Add coop to your friends list Get a Link to this Reply
The honest question a new poster should be. "What is this?" That way he/she could get a response. If you got a price for something, there are too many situations that a coin could be worth more or less. Depending on condition, coin wear, demand, damage to a coin. All these would need to be considered first. Best to learn what you have and build from there. There are so many new things, we are all learning more every day.
Richard S. Cooper
Some have asked about my images I use and I'm glad to say, you can now you can see the DVD in sections on youtube:
1. Intro, older coins, toned coins 2. Doubled dies 3. Die events, One of a kind errors 4. So called errors, Coin information 5. Coin information Types and Varieties, Overlays
Jefferson nickel doubled dies Wexler/Rebar complete listings

trail dies:http://www.traildies.com/
Bedrock of the Community
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United States
42816 Posts
 Posted 05/29/2019  2:35 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good thread, Dan. Many of us feel exactly the same way, but "talking down" to a newbie doesn't seem like a good first step.
Pillar of the Community
United States
613 Posts
 Posted 05/29/2019  2:47 pm  Show Profile   Bookmark this reply Add Eyes4Error to your friends list Get a Link to this Reply
A coin is worth... a value you have put on it, to keep for your collection... or typically what someone will pay for it to add to their collection.

If you may have found something you don't want to collect...I don't see a problem in selling coins you have found along the way, but aren't collecting. I mean a lot of time goes into looking and learning and finding, that's for sure. There can be value in cherry picking and removing errors and varieties from circulation. Yes, it is a hobby, but can be a hobby with value :)

I do agree that this forum should be dedicated to learning and finding and collecting... rather than selling, since there are other forums to do that. But most people come in here with no base of knowledge, hoping they are gonna find something to make them rich... and as said that is "rare" and takes knowledge of what, where and how to sell.

It is not an overnight thing.

Pillar of the Community
United States
2601 Posts
 Posted 05/29/2019  7:49 pm  Show Profile   Check DrDon's eBay Listings Bookmark this reply Add DrDon to your friends list Get a Link to this Reply
I would prefer in the poster would stick to finding out if the coin is "something". If they ask after confirmation I think that is then a fair question. The ones that get me are the ones who get confirmation and run to eBay listing at some crazy price.
Pillar of the Community
United States
3404 Posts
 Posted 05/29/2019  7:52 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Now, such posters have just never heard of this brand new website called google! How they made it to this website, is a mystery to me!


Bedrock of the Community
United States
16010 Posts
 Posted 05/30/2019  11:37 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
What is it worth = whatever you can get for it.

Where can I sell it = ebay.
Gary Schmidt
Pillar of the Community
United States
1616 Posts
 Posted 05/30/2019  11:43 am  Show Profile   Bookmark this reply Add levelsofmadnes to your friends list Get a Link to this Reply
FYI
Not to plug a certain auction site but if you use Great Collections and it sells for over 1000, then you pay zero %of what it sold for.https://www.greatcollections.com/main-sell
Got this info from LuvMyCams.

Pillar of the Community
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United States
3324 Posts
 Posted 06/01/2019  09:51 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
25c, 7-11 or CircleK
-----Burton
45 year / Life ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC
Owned by four cats and a wife of 35 years (joined 1983)
Pillar of the Community
United States
6139 Posts
 Posted 06/01/2019  10:52 am  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Sorry, I am on the other side of the coin here. Maybe its from teaching all my life.

Newbies come here b/c they probably googled to find where some experts are who could answer their questions.

Non coin collectors probably ARE trying to make a buck...and?

I suppose if one of us finds an unusual whatchamacallit we don't try to find value also? And when google turns up a forum of experts, do we filter those forums of experts out because we think we might offend the ideals of the expert wathchamacallit hobby?

Even though a newbie might only be posting a steel 1943 cent in circulated condition, at least they can get an idea of some of the coin history and maybe then find some interest in the hobby.

Maybe though rare, the newbie might have something. Its our opinions which means the coin gets put into the hobby to be admired rather than being undiscovered.

- When I value " being right" more than what IS right, I am then right...a fool.
- How much squash could a Sasquatch squash if a Sasquatch would squash squash?
- Real men play Fizzbin.
Valued Member
United States
108 Posts
 Posted 06/01/2019  11:43 am  Show Profile   Bookmark this reply Add jafo50 to your friends list Get a Link to this Reply
I'm in agreement with Earle42 on this.

Let's say you inherited a gold watch or some other item that you are not knowledgeable about its value. Most people would search the web for information on the watch and WHAT'S IT WORTH. Just because you want to know the worth of something doesn't necessarily mean you are actively looking to sell it but you might want to in the future. Where to sell the item is a natural follow up question.

Not everyone is a collector but a site like this provides valuable information so someone can make intelligent decisions down the road.
Pillar of the Community
United States
1923 Posts
 Posted 06/01/2019  11:49 am  Show Profile   Check tropicalbats's eBay Listings Bookmark this reply Add tropicalbats to your friends list Get a Link to this Reply
There are, broadly, three reasons why objects are interesting or important to people.

Personal value - it sparks interest or curiosity, it's a status symbol, it's beautiful, it's rare, and on and on. (Ex: a 1969 Chevy Camaro SS)

Societal value - historical value, scientific value, etc. (Ex: King Tut's mask, moon rocks)

Monetary value - it can be traded for money to buy other wants/needs. (Ex: almost everything)

It has always seemed odd that only the first two values are considered acceptable topics here. Even if you aren't selling your Picasso it is important to roughly know its value to know how to treat it properly as far as storage, display, insurance, etc. It is one of the first questions one asks oneself when thinking about acquiring anything, "how much is it?"

With collectibles, there is always the sliding scale of is it worth more to me to sell it or keep it. So why do we frown upon discussing this, especially with non-specialists who often come here because it is where people would actually know the answer they are looking for?

Anyway, suggesting "Google" as the answer to finding a coin's value is kind of circular as that is almost certainly how the person found this forum, while asking exactly that question of Google.

Now I'm wondering just how much it will cost to buy that "I'm with Earle42" t-shirt
Pillar of the Community
United States
2601 Posts
 Posted 06/01/2019  5:50 pm  Show Profile   Check DrDon's eBay Listings Bookmark this reply Add DrDon to your friends list Get a Link to this Reply

Quote:
I'm wondering just how much it will cost to buy that "I'm with Earle42" t-shirt

Never saw one of them. Maybe coop has a pic of one?

On the serious side:

Quote:
it is important to roughly know its value to know how to treat it properly as far as storage, display, insurance, etc


I did ask one poster if they were seeking a value for insurance. On the other hand we often offer advice on storage without being asked.
Forum Dad
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United States
20199 Posts
 Posted 06/01/2019  5:54 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
Now, such posters have just never heard of this brand new website called google!


You realize the entire purpose of this forum is to share numismatic information right? A huge part of this hobby is value, whether you like it or not. Any member here that answers a question with "Try Google" will get an email from me. If they want to ask what it worth, so be it. If you don't like the question, just don't answer. They're here and that is what we want.
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