Best Place To Sell Ungraded Coins?

What part of the country are you located in? I'm sure some of us could point you in the right place to contact a reputable dealer for an apraisal. I would recomend this over actually selling or letting them know you want to sell. Get an independent idea for "insurance" purposes only. They would be more apt to give you the true value, of course a dealer would pay only 60%+ as they need to make a profit, but at least you will have an idea of the real value, remember you hold the keys in the deal, it's a sellers market right now. You should expect to pay for at least an hours time depending on the amount of coins to be appraised, probably cost less than $150.00.

Start off by getting a Red Book - most large bookstores carry it, go over what you have, sort out the dreck and low value items, stuff that is fairly common like modern mint sets, proof sets, you can find current real market values on these items with a quick ebay completed items search, the rest you should have an idea of what to look for from either the RedBook or appraisal. Really high dollar stuff over $5k you might want to consider an auction company, look for experience and the ability to market your coins within a good upcoming collection auction or coin show.

Some of the Morgans and other high end or higher value coins may be candidates for a submission to a grading company. I'm sure you'd be more than welcome to contact most of us here (me included) privately with a list of what you have. I helped my uncle in the same spot selling off stuff for one of his wifes realitive, he started out by selling Morgans locally, but was only getting half of what he probably should have been paid (I don't know as I never saw the coins), he shipped me the rest of the Morgans he had, so many CC's and great VAMs, we sold them on ebay properly marked and he made a ton for his brother in law! I only took a small precentage 5% for VAM'ing and photographing/writting the descriptions for him, he already was an accomplished ebay seller.

Good luck and don't jump to quick - until you really know what you have!

There are couple of ways you can ensure that you sell it at the price you want by listing it on ebay with the price you want to sell it in an auction mode. For listing it in auction mode, you will pay nothing to ebay unless you sell it. That way you can always get the price you want. By selling things on ebay, you would lose 10% of the value as ebay fees.

I would be interested in your foreign coins. Please do send me a PM with what you have :)

Thanks

Another idea would be to post some pics on here of coins you are unsure of the grade. We would be happy to give you a grade and estimated value. wouldn't worry about compiling a list to sell to anyone on here, since you don't have the required post count, you could get yourself and others in hot water with the mods.

Hi JokingJoker,

I will try posting some pics (must take some) for help grading. I especially don't readily pick up on VAMs and errors that aren't obvious. About making a list - I am not trying to sell to members as I know I am not allowed, and hot water is not something I do not want to try out. I appreciate having a place to ask questions and hopefully make sound decisions. Does mods mean moderators?

Hi Westcoin!

Thank you so much for responding! I live in the Tidewater area of southeast Virginia - right on the coast, military all around. I too was wary of approaching a dealer stating I want to sell. My inexperience could be very expensive. The owner of the shop I have in mind dealt with my father for years, but my Dad passed away almost 25 years ago and I would expect any friendship they had would not necessarily extend to me. Everyone has to earn a living.
I have the 2010 Red Book and it has been my primary resource for information. I would like to get the VAM reference, but it is not possible right now. I probably don't have anything in the $5k range, with the exception of one rare CC which may be about half of that or a little more. You are on the dot with don't jump too quickly. Besides the financial loss, it would be disrespectful to my father to do anything less than my best. I will PM.

Thank you!
NewNumi

Newnumi I see that one cannot PM on this board. I didn't know that either, I'm kind of new here too! For the VAM's try the http://www.vamworld.com reference site, it has close up photos and instructions on how to look for pick up area on the coins you have, very easy to use site, from wiki.

Maybe go to the dealer your Dad used, and tell him at this point you are just wanting an appraisal so you have enough insurance coverage.

You can PM(actually email) on this forum if you meet post requirements & have enabled email on your user control panel.

In my opinion most coins sell for their true market value on ebay. That doesn't mean you will get what a price guide says a coin is worth, or what a retail store might be asking. That's assuming you have clear, detailed pictures of the obverse & reverse of the coin, & enough positive feedback to generate trust from the buyers. However, ebay is probably not the appropriate venue for rarer or more high end coins.

Ok here is one of the best I feel is the best place to judge your coins against for grading. Now for the ms-60 and above it gets really tricky with what small details that make them higher grades.

http://www.pcgs.com/photograde/#

I hope it opens for you.

Good luck!