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 Replies: 9 / Views: 966 |
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Valued Member
United States
272 Posts |
Hey all. I'm not entirely sure where else to put this, as I feel it isn't entirely coin specific. But do coin dealers generally take items for trade? I have a number of proof Jefferson nickels I am looking to possibly unload, and I can't imagine I would get much for them in the way of cash. But if I could trade towards something, I'd at least feel like I didn't entirely waste my money. Does it just depend on the specific dealer? Anyone have experience? I have some possible uncirculated and proof jeffersons I'd like to see what I can get out of them, but other than the coin dealer possibly, I am unsure how to go about this. |
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Pillar of the Community
United States
7057 Posts |
Coin dealers generally don't take items in for trade, but you can sell and buy. For example on my latest Date Set album, I had a few duplicates like a 1/10 ounce gold bullion coin, a few walking liberties, a 2021 Peace, etc.. since I was going to sell these, I sold the coins to the dealer. With the funds I picked up Morgan and classic Peace that I wanted. So yes in essence its a trade but its sell/buy. I ended taking a few dollars home one day and paid a few dollars out another time.
The one thing you have to remember is that a lot of what people try to trade has no value to a coin dealer, your example of proof and uncirculated nickels probably have no value to a coin dealer and would probably be a bad person to sell to. If you have bullion (silver/gold) those are much easier to sell and you'll get a good price. My LCS has nickels from the proof/uncirculated sets. They keep them after taking out the silver coins. They wouldn't buy your nickels.
Edited by hfjacinto
11/19/2024 08:52 am
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Pillar of the Community
United States
1098 Posts |
Will depend heavily on the dealer interest and what you are trying to trade for. Bullion many times acts like a cash substitute in trades. Keep in mind that if you don't think you will get much for your nickels via cash then the person you are trading with most likely thinks the same. Having a dealer relationship helps a lot here and they may trade with you just to help you out.
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Valued Member
 United States
272 Posts |
Ahhh, I see. So it's probably better to find someone specifically to trade or sell to, as opposed to a dealer?
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Pillar of the Community
United States
1865 Posts |
You might consider going to coin club meeting or coin show to sell/trade if there are any in your area.
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Moderator
 United States
163998 Posts |
My best success story was trading a large number of silver half dollars I found CRH in the 1990s. I used that "store credit" (on the same day) to obtain the rest of the Franklin half dollars for my Dansco album.  Well, that was really my only success story with trading.  They say, "It does not hurt to ask." I had no I idea I could do it until I asked and then I did. Worst they can do is say no.  |
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Valued Member
United States
272 Posts |
Very true. Honestly, I probably have around 70-80 dollars on these BU/proof nickels that I spent.
It'd definitely be nice to garner something back from it.
They do have boxes of coins in 2x2 flips, so I am curious to how they came across them if it wasn't from others selling them to them?
The only coins I can imagine that might possibly be of some value to them is the proofs, but probably not by much.
Edited by Humanist1287
11/19/2024 09:47 am
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Pillar of the Community
Canada
5177 Posts |
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Bedrock of the Community
United States
94367 Posts |
Have to agree.  |
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Valued Member
United States
331 Posts |
You've just described the ultimate dilemma ... get rid of something you're not keeping, to acquire something you want. My experience on these types of coins, is to sell on ebay despite the cost, as the number of possible buyers it high. Good luck. |
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Replies: 9 / Views: 966 |
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Posted 11/19/2024 08:49 am
