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Where Is The Best Place To Sell Morgans?

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Arcticsparky's Avatar
United States
380 Posts
 Posted 12/19/2012  7:14 pm Show Profile   Bookmark this topic Add Arcticsparky to your friends list Get a Link to this Message Number of Subscribers
I have been looking into ebay for selling morgans. What I found is that at best They will be taking over 11 percent of every sale. This won't work for me as they would be making me lose money on most coins that way. Does anyone have any advice they can give me, if circumstances require some liquidation?
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HippieOutcast's Avatar
United States
615 Posts
 Posted 12/19/2012  7:17 pm  Show Profile   Bookmark this reply Add HippieOutcast to your friends list Get a Link to this Reply
Craigslist is a great option if you don't mind meeting people.
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 12/19/2012  7:18 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply
post a few hundred times here and throw 'em up...I know I'll look...
Valued Member
Arcticsparky's Avatar
United States
380 Posts
 Posted 12/19/2012  7:27 pm  Show Profile   Bookmark this reply Add Arcticsparky to your friends list Get a Link to this Reply
Is there a certain number of posts I need to be able to sell here? I confess I don't remember all the rules.
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HippieOutcast's Avatar
United States
615 Posts
 Posted 12/19/2012  7:29 pm  Show Profile   Bookmark this reply Add HippieOutcast to your friends list Get a Link to this Reply
You need 250 "quality" posts and 90 days as a member to sell things through CCF.
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Arcticsparky's Avatar
United States
380 Posts
 Posted 12/19/2012  7:32 pm  Show Profile   Bookmark this reply Add Arcticsparky to your friends list Get a Link to this Reply
Craigslist sounds like a good option. I would prefer to get cash. At the very least to avoid the large fees of auctioning.
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Lobby's Avatar
United States
548 Posts
 Posted 12/19/2012  7:35 pm  Show Profile   Bookmark this reply Add Lobby to your friends list Get a Link to this Reply
I sell Morgans often on ebay. But only those that a collector would have interest in. In other words, the coins need to sell for $34, not including shipping (at today's silver spot price = $32).

Else the ebay fees are too high.

I'd rather work for me, than for ebay.
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Arcticsparky's Avatar
United States
380 Posts
 Posted 12/19/2012  7:41 pm  Show Profile   Bookmark this reply Add Arcticsparky to your friends list Get a Link to this Reply
ebay is getting pretty fat off those fees. They are even taking a percentage of the shipping costs now. If you sell at 34, you're only taking home 31 and change after the fees. This is not including shipping. Is there some trick to ebay selling that I'm missing?
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Lobby's Avatar
United States
548 Posts
 Posted 12/19/2012  8:32 pm  Show Profile   Bookmark this reply Add Lobby to your friends list Get a Link to this Reply
No, I don't think so. $31 is acceptable for some of the Morgans I sell.
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Arcticsparky's Avatar
United States
380 Posts
 Posted 12/19/2012  9:12 pm  Show Profile   Bookmark this reply Add Arcticsparky to your friends list Get a Link to this Reply
Thank you for your time. I appreciate it.
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TJB17's Avatar
United States
492 Posts
 Posted 12/19/2012  9:55 pm  Show Profile   Bookmark this reply Add TJB17 to your friends list Get a Link to this Reply

Quote:
You need 250 "quality" posts

I just received the email telling me that I can post sales on the forum. Based on some of my postings, "quality" must be a subjective term...
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HelzelsCoins's Avatar
United States
419 Posts
 Posted 12/19/2012  10:54 pm  Show Profile   Bookmark this reply Add HelzelsCoins to your friends list Get a Link to this Reply
Ebay.. the easy to use system, and huge number of users/customers is worth the fees IMHO.... I woukd be afraid to meet up with someone who wanted to buy my silver morgans.....
Edited by HelzelsCoins
12/19/2012 10:55 pm
Valued Member
Arcticsparky's Avatar
United States
380 Posts
 Posted 12/20/2012  12:17 am  Show Profile   Bookmark this reply Add Arcticsparky to your friends list Get a Link to this Reply
Fortunately for all of us we still have the right to bear arms to defend ourselves. And I do.
The best deterrent to some bad ideas is the fear of consequence. However ebay is really easy to use. I'm just praying that silver prices shoot back up again.
The fees won't sting so bad then.
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Lobby's Avatar
United States
548 Posts
 Posted 12/20/2012  12:24 am  Show Profile   Bookmark this reply Add Lobby to your friends list Get a Link to this Reply
Morgan silver dollar prices are relatively independent of silver prices. Sure, get silver up above $40, and Morgan prices will rise, but it's a slow responding effect.

But don't forget that Morgan prices have essentially held constant from a few months ago when silver was $27, to now at $32 - $34.
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Arcticsparky's Avatar
United States
380 Posts
 Posted 12/20/2012  12:32 am  Show Profile   Bookmark this reply Add Arcticsparky to your friends list Get a Link to this Reply
I just noticed that today the sale prices seem to be dipping a little on morgans at ebay. It made me a little nervous. I am new to this and your advice helps to ease my nerves.
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 12/20/2012  12:37 am  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply

Quote:
we still have the right to bear arms to defend ourselves
For the moment. S&W MP40 is my constant companion.

If you want cash, then Craigslist or even the newspaper is about your only choice outside of having a local dealer sell them on consignment. But the dealer is going to charge a minimum of 10%.

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