Selling Coins Online - Great Collections

beaconbabe (linda)

GreatCollections has been a topic of discussion for a few threads. I have made a few purchases through them and have had good results. I have not sold any through them though. I am sure others will chime in.

From the little research and emails back and forth with great collections I am feeling more at ease about proceeding - in the meantime, a friend of mine has a contact he has used in the past to sell coins for his relatives, but I am thinking I like the 0% fees for coins over $1,000 and the 5% fee for coins under $1,000. Do you think I should call his friend - not sure if he is a dealer or another collector - as he might require a flat fee? Not sure how it works.

Also, is it safe to mail these coins - I think I will just mail a couple to see how great collections does - and insure the package. I think I will only send the grades/certified coins - this way I can track them online......any advice?

Thanks - Linda

Some gold coins


set of Pandas, McKinley G$1, St Gaudens G$20.... a few other items

Great Collections was started by Ian Russell which was the President of Teletrade. The company is very respected in the coin community and I have heard of others that sell on there and have had real good success as Ian has had a followi8ng since the day GC opened. I have never sold anything through any of the online auction houses such as this but have bought from about all of them including GC and never had a problem with any of them. I believe you will be very happy with the service you get from Great Collections as Ian is a great guy and the realized prices on there seem to be very good also especially for an auction house that hasn't been opened very long (in relation to the rest of the big ones). Not sure if you have seen this thread on here before but this thread was started right after GC started https://goccf.com/t/100947

Coin Community also offers a sales service. (our host here!!)

I would look at what the fees are and past auction prices realized to make my decision.

ABSOLUTELY send insured AND signature required.

First of all be weary of a friend of a friend.
Secondly most true collectors would simply buy your coins from you.
Do some more research and you will know exactly what your coins are worth and what to expect for them.
Sure old mate will flog em off at a coin show for 5-10% commission when they are not the real owner of the coins, Any profit without an investment is a win to these people.
Bryan1315 gave you some sound advice and I personaly would listen to him

Make a list of coin, mintmark, grade by slabbing company.....and post here. Would imagine the members here can give you a very good opinion on price to be realized.

You don't sound like your in a hurry to sell those coins so here is my advice or suggestions.
Do not take chances on the mail system. Usually works but then you never know. I never heard of that place you mentioned but then too there are possibly hundreds or more on line dealers. Some may have just started and some have been around for a long time. Regardless, you still don't know. There are coin stores and pawn shops all over the country but usually they will try to get you to sell for a fraction of real value. AND be carefull of friends telling you what to do since most have no or little experience in what they say.
IF there are any coin shows in your area, I'd say try there first. Usually a lot of dealers so you can get some decent offers. Normally no fees for parking or admittance. Also, no insurances, no postage, no lost in mail, etc. Try looking up coin shows on Google for your state and/or area.