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Selling Part Of My Collection

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Pillar of the Community
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3680 Posts
 Posted 06/13/2021  9:52 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply

Quote:
What do you mean?


I was still editing. Considering you owned many of these coins for very little time and finding out that many are details. By getting back 70% you still did well ( it wasn't a total loss)

There were coins in the early 2000-2010 that went crazy high as funds started purchasing them , many people way overpaid at that time as the market was hot, we are now in the same place, there are coins many of us are buying that we might not make all of it back. But I look at this as hobby not my retirement. I get to enjoy the coins and I plan on keeping them safely stored and my daughter wants them, so I'll leave them to her in a few decades. If coin collecting is still a hobby many of the coins I have may be worth a pretty penny, if it isn't then they aren't but for now I'm enjoying them and the history they've been through.
Edited by hfjacinto
06/13/2021 10:00 pm
Pillar of the Community
United States
1275 Posts
 Posted 06/13/2021  9:55 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Well, if you were a LCS and you lost 30% on every transaction you would be bust very soon.
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 Posted 06/13/2021  9:58 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
NumisEd, I'm sorry the coins didnt end as strong as you had hoped. I ended up being the winning bidder on 4 of your coins, including the Shield nickel you were talking about.
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 Posted 06/13/2021  10:00 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Hope you will enjoy your new coins, Adam.
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 Posted 06/13/2021  10:01 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
I will, thank you. The 1837 half dime is gorgeous, regardless of the details grade it was assigned. I'm most excited for that one.
Pillar of the Community
United States
1275 Posts
 Posted 06/13/2021  10:04 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
I did try to buy coins that had eye appeal and have "circulation cameo".
I think you did well with the final price, considering I paid double for it...lol.
Edited by NumisEd
06/13/2021 10:07 pm
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 Posted 06/13/2021  10:05 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply

Quote:

Well, if you were a LCS and you lost 30% on every transaction you would be bust very soon.


An LCS is a business they pay wholesale or less and get retail. We aren't a business, heck an LCS makes more money on buying and selling junk silver than a few slabbed coins. They also buy a lot of stuff we aren't interested in, it's not the same.
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 Posted 06/13/2021  10:11 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
The last coin to be listed is a Draped Bust half dime. It is with PCGS currently and who knows how long it will take to grade it.
Edited by NumisEd
06/13/2021 10:24 pm
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 Posted 06/14/2021  01:28 am  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
Seems like you tracked Numismedia prices very closely on the straight grades and got taken to the cleaners on the three big ticket items that detailed - 1805 10c, 1814 1c, and 1802 1c. (Yes, I looked up sold price and Numismedia on all of them - I'm bored). I don't know what you paid of course but those three seem like they were big gambles.
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 Posted 06/14/2021  08:15 am  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Yes indeed. I paid $875 for the 1805 Dime. The 1814 Cent I got for $552 while the 1802 Cent I got for $780.
Valued Member
United States
108 Posts
 Posted 06/14/2021  7:30 pm  Show Profile   Bookmark this reply Add TimNH to your friends list Get a Link to this Reply

Quote:
In short, novices should NEVER buy raw coins on eBay. Better go to a LCS and inspect the coins in-hand, or buy graded coins.


I am a novice, and I buy tons of raw coins on eBay. But to value them I always assume they would come back details of some sort. If someday I slab them and they come back straight graded, then 'bonus'!
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 Posted 06/15/2021  10:45 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I think buying raw online is fine as long as you lower your expectations of what the coin is going to look like in hand and pay accordingly.
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 Posted 06/15/2021  11:53 am  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply

Quote:
Yes indeed. I paid $875 for the 1805 Dime. The 1814 Cent I got for $552 while the 1802 Cent I got for $780.

So the raw sold with BP on those three was $2141 and you paid $2207, which means they sold for 97% of what you paid, even though all three came back Details. I guess I was expecting it to be worse. A few of them did go for more than the Numismedia estimates, notably the 1877 T$1 $395 versus $360, even though it was Details.
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 Posted 06/15/2021  12:30 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Edited by NumisEd
06/15/2021 12:36 pm
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8761 Posts
 Posted 06/15/2021  3:00 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
I think buying raw online is fine as long as you lower your expectations of what the coin is going to look like in hand and pay accordingly.


Also buying from a well established, respectable and reliable seller. I've personally found success selling coin sight unseen. I grade strict, describe the coins to the finest details, and I've never had a buyer complain once. The coins they received, even having never seen them, were exactly what they expected.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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