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Numismatic Silver Quarters

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jamwins's Avatar
United States
58 Posts
 Posted 10/11/2011  1:19 pm Show Profile   Bookmark this topic Add jamwins to your friends list Get a Link to this Message Number of Subscribers
I've invested in some junk silver and have sorted and found some semi-numismatic ones. My favorite is the 1917 type 1 Standing Liberty. I was wondering what the best place to sell them is. ebay is kind of a pain and they take quite a bit in commission, is there someplace easier/better?
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Saruma's Avatar
United States
968 Posts
 Posted 10/11/2011  1:29 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
Here when you get 250 posts!

Otherwise, I'm not sure of many places that will take less of a cut than ebay, and certainly no one that will give you the level of exposure ebay can. Really nice, slabbed, coins might benefit from being in a coin auction like Heritage. But I think their fees come out to be something like 30%. We all want to sell our coins without a middle man, but it is hard to get good exposure for free. If you live in a large metro area you could give Craigslist a shot. Smaller areas might not have enough people looking for coins to get you the price you want. It may not work, but it is free to post. So all you'd be out is a little time.
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bjones's Avatar
United States
304 Posts
 Posted 10/11/2011  2:57 pm  Show Profile   Bookmark this reply Add bjones to your friends list Get a Link to this Reply
I hate to condone ebay, I agree their fees are too high. But with the exposure your item gets and the number of people who search and purchase from ebay, I think in the end the fee is outweighed by the potential for more bids, which equals to higher ending values, which is more money in your pocket for the item.

Until buyers start to look elsewhere instead of ebay, it will be the way to go for selling as well. Selling is all about being where the buyers are.

Seems to me that ebay has been going down the wrong road since they acquired Paypal.
Bedrock of the Community
United States
20753 Posts
 Posted 10/12/2011  09:19 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

You may want to check out if there are any coin shows in your area. As you already know, ebay is one place but sort of a pain. Coin stores are easy to sell to but usually the worst prices. At least in a coin show you get a larger assortment of dealers so might get some decent prices.
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Saruma's Avatar
United States
968 Posts
 Posted 10/12/2011  12:33 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
I just thought of something else that may be helpful when you are shopping around for the best deal and considering ebay. Search through the completed ebay auctions for 1917 T1's and see what ones in a similar grade to yours have been selling for (make sure you only look at the green, sold, ones and not the red unsold ones). Take that price and subtract 15% (that is roughly what ebay and Paypal get in total out of your sale). After doing that go ahead and take it to some dealers or a coin show and see what they will offer you. If they don't come in close to the ebay price you just calculated then you know ebay may be your best option. If they meet or beat that price you may want to sell to them.

You should also go to Heritage (ha.com) or a similar auction website and search sales there. Those coins are all slabbed, so you will be seeing the higher end of what you can get for them (just remember auction houses take bigger cuts than ebay). It is easy to do and gives you some additional pricing info.
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