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Replies: 19 / Views: 3,067 |
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New Member
Canada
35 Posts |
Okay guys help me out I have found myself in a position where I need to sell of some of my collection of coins  ( 1953-1967 all certified ) and some other odd ones also that are certified (ICCS ) and so far I have had 2 stores in the west coast tell me there is no value in them and were not even slightly interested in purchasing them, most are MS 64 or higher with a few proofs. I mean there must be some value to them as when you look at the paper and you see them with trends as high as some of them are, its not like I was looking to make money on them ( above what I paid I know there would have to be some loss as the stores need to make money and pay their bills ). So can some one enlighten me and be gentle, I just don't get it and I can't afford to give them away  .ship
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Pillar of the Community
Canada
1192 Posts |
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Pillar of the Community
Canada
1177 Posts |
"there's no value for YOU" they say this either because they don't want it or they want it cheap. I have been looking for certified coins lately and ebay prices are inflated, people pay usually about 10% more for ICCS or PCGS coins just find the market, people like me
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Bedrock of the Community
Canada
10743 Posts |
Why would 2 stores tell you there is no value in certified coins, with most in MS-64  Put a list here to see what you have something wrong somewhere.
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Pillar of the Community
Canada
4944 Posts |
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Pillar of the Community
Canada
5324 Posts |
unless you have a key date or a major variety ie a ms 64 1967 dollar trends at 40.00 you be lucky to get 50 to 60 percent for it because he already has 10 units or more in stock.
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Moderator
 United States
56855 Posts |
Supply and demand is a big factor. Does Canada have an equivalent to our Craigslist? And there is always E-bay. John1 
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Pillar of the Community
Canada
1984 Posts |
I would suggest ebay. You will lose about 13% in fees. But if you are selling straightforward ICCS certified MS65-or-higher coins you will likely get 80% or so of retail (let's call it 50% of trends). It is a bit of work, but it can be a bit of fun too. The MS64 Elizabeth stuff has a somewhat limited market. You won't get much for cents or nickels....maybe a couple of dollars for most of them. The MS64 dimes and quarters seeem to go at a minor premium to bullion. But this is a lot better than the "no bid" from the coin shops.
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Pillar of the Community
Canada
695 Posts |
Quote: Supply and demand is a big factor. Does Canada have an equivalent to our Craigslist? And there is always E-bay. John1
Yes. We also have Craigslist & Kijiji.
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Pillar of the Community
Canada
5324 Posts |
to certifed a ICCS coin , minimum 6.00 per plus shipping and insurance on a 40 to 50 dollar coin?
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Pillar of the Community
Canada
5324 Posts |
ps try kijiji or craiglist as a collection at 60 to 70 percent trend, should get some offers, and its a free service.
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New Member
Canada
49 Posts |
Can you name the stores? that might shed some light on this also.
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Pillar of the Community
Canada
2495 Posts |
Why do store buyers say there's no value for ms64's you say?
Don't take it literally.
It's probably because the store already has an inventory chock full of ms64's, which are not selling in today's depressed economy, so why would they want another one?
Edited by doubleeagle59 10/18/2012 12:08 pm
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New Member
 Canada
35 Posts |
Well I will not out any store its not like they did really anything wrong but they are fairly big in say Vancouver and its a full set of Elizabeth 11 coins from 1953 -67 and some earlier and some later 5 cent 10 cent 25 cent half dollars and silver dollars. And from what I can tell from the trends most of my 5 cent pieces are averaging $50.00-$80.00 from other things my 10 cent pieces are mostly cameo to H cameo and average say around $25.00. I get that some stores might be satuarated with coins and might be experiiencing slow sales, but if you know what I am bringing you to look at do not ask me to bring them in and then tell me you are not interested in even making an offer on them. I did find a store that was willing to look them over and make me an offer ( All Nations ) and talked about auctioning also but I am hesitant unless they will do a reserve. I get that the store needs to make some money at their end but to dismiss it completely after being told what I was bring in, I try not to waste anyones time being that they are in business to make money but for them to waste my time and gas, not very nice. ship oh and let me say thanks guys and gals always good to get those with more experience then myself, I like to buy and its my first foray into actually selling coins.
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Pillar of the Community
Canada
2366 Posts |
Unfortunately you don't have enough posts yet to sell here. Maybe hunt down the local coin club and see if anyone there is interested? You'll get a better price from another collector who is interested without having the dealer in the middle.
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Moderator
 Canada
10463 Posts |
Quote: ...its a full set of Elizabeth II coins from 1953 -67 and some earlier and some later 5 cent 10 cent 25 cent half dollars and silver dollars. Frankly, as a dealer, I don't touch anything Elizabeth II unless it is MS-65 of better. If you go to a coin show, you will see hundreds of MS-64 and PL-64 graded Elizabeth coins, that dealers simply cannot sell. Buyers and collectors of Elizabeth coinage, who go to the trouble of getting certified coins, do not want MS-64 graded coins... I cannot speak for all dealers, but you are stuck somewhere between "too nice for bullion" but "not nice enough..." If I am forced to buy coins like that, as part of a collection, I snip out the MS-64 coins and sell them raw, priced & graded accordingly, at coin shows - and those do sell. I avoid buying certified modern PL (Numismatic BU), Specimen and Proof coins at all costs - those I do buy, I put in a "junk bin" and sell for 50% of trend. My point here is to give you a perspective, from the other side of the table. My advice is that your best return on those items would be as lots on ebay, or consign lots to auctions...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
Edited by SPP-Ottawa 10/19/2012 09:44 am
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Replies: 19 / Views: 3,067 |