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General Selling Question

 
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Author Previous TopicReplies: 6 / Views: 411Next Topic  
Valued Member

United States
149 Posts
 Posted 10/16/2020  5:07 pm Show Profile   Bookmark this topic Add navycapt1635 to your friends list Get a Link to this Message
All,

I have several of the same coins (1959, 1960-D pennies) in what I estimate to be a mid-high MS (some photos of which I will be posting today or tomorrow for your grading help (I'm having issues sending the photos from my phone to the PC right at the moment). It seems to me that if they are suitable for submission to auction sites (e.g., GC/Heritage), I should NOT submit them at the same time so as not to "dilute" their individual value. Does that make sense?

Thanks.

Bill
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United States
5556 Posts
 Posted 10/16/2020  5:39 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Too many of the same date/denom/condition on any auction site will negatively affect auction results. It falls into a supply and demand situation.

Also remember that unless your coins are high end examples (MS67/68/69) you are gonna have a tough time recovering your costs and trying to turn a profit.

Just my two cents. Others can and will have different opinions.

Good luck!
Valued Member
United States
149 Posts
 Posted 10/16/2020  5:48 pm  Show Profile   Bookmark this reply Add navycapt1635 to your friends list Get a Link to this Reply
Thanks--that's what I thought. I assume that collectors go to multiple online auctions, so even sending the same coins to different auction companies would result in the same outcome? I certainly understand your point about the high grade for these coins. Appreciate your help!

Best,

Bill
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United States
1801 Posts
 Posted 10/16/2020  8:36 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
I'm with westernsky. Cents such as '59s and '60s would need to be approaching MS68+ (exceeding actually) to reap any financial benefit. If you do submit some, lets know the outcome.
Valued Member
United States
325 Posts
 Posted 10/17/2020  5:03 pm  Show Profile   Check Lancek's eBay Listings Bookmark this reply Add Lancek to your friends list Get a Link to this Reply
Heritage probably won't even want them. Then tend to deal in high dollar items or large collection. GC only auctions graded coins. You can send them to them raw, and they will submit for grading. You still pay for the grading. But at their lower cost. I don't think what you have is valuable enough to cover the grading costs.
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United States
2485 Posts
 Posted 10/17/2020  5:35 pm  Show Profile   Bookmark this reply Add keith12 to your friends list Get a Link to this Reply
I would think they would have to be MS-68 or better to make any money with all the fee's involved. Ps From Sterling Va.
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United States
19684 Posts
 Posted 10/19/2020  9:33 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Just to common to mess around with.
just carl
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