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 Replies: 9 / Views: 1,832 |
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Valued Member
United States
102 Posts |
I'm looking for advice on the best way to sell coins to upgrade for a better quality. Would coin shows be the best bet? The local coin shops? I have been buying for years and have sold some. I just keep thinking I may have been able to do better. A little education may be a dangerous thing here  |
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Bedrock of the Community
United States
20753 Posts |
From many, many years of experience, you can't beat a coin show for variety, values, cost, information, education, etc. For buying or selling 1. A coin show 2. flea markets 3. coin store 4. some on line coin dealers 5. ebay |
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Pillar of the Community
Canada
1751 Posts |
You could also try webstore.com. It's an ebay model with no selling fees. I've both sold and bought on this site. It uses Paypal , you get to set up your own web store and coins can be sold as a bin or auction. The nice thing is you get your own web address to use on business cards or flyers, or whatever promo you can think of. It's getting great reviews as an ebay alternative. Rox |
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Bedrock of the Community
13014 Posts |
It depends what you are trying to sell really. If its not worth the time to sell it yourself then yes coin shows would be good. You will almost always get more selling it on ebay yourself than you would get from a dealer though |
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Pillar of the Community
United States
8516 Posts |
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
8516 Posts |
Quote:You could also try webstore.com. It's an ebay model with no selling fees. Never heard of it before but I'm all registered now and checking coins out. Some of those yahoo's need to learn to take good pics. That's the secret to selling for better prices. Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
1211 Posts |
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Pillar of the Community
Canada
1751 Posts |
It's true, I've noticed the better the photos the better the price. I also noticed it can be a crap shot. One week a particular coin will go high, next week the price is low. It depends on who is looking for the coin at time of listing. Rox
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Pillar of the Community
United States
1536 Posts |
I recently took a coin to a show and to a shop to see what I get. At the show a dealer wanted to give me $145-$165 for a coin listed as $250 and said it was a grade level less than it was and said I should take this offer another dealer online who offered $190 who required I mail the coin hundreds of miles away first before payment. I listed it for $220 including shipping, a discount of $30, on ebay and it sold in a week. Hands down, ebay was the best option. It is too bad the no fee auctions sites don't get much traffic. One issue with them is that since there is no listing fees, they become littered easily with low cost junk and you have to start your auctions at what you want for the coin since you may get only one bid. The PM shop I took it to wouldn't make an offer since they don't have a market for that year. Edited by buddy16cat
03/10/2013 7:31 pm
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Pillar of the Community
United States
1839 Posts |
ebay is a great way to sell coins however the fees can take a good chunk out of your potential profits. The listing fees are tiny and sometimes there isn't one at all but the final value fees are typically around 8% to 12% depending on how much the item sells for. Then you'll likely pay about 3.5% to Paypal if that's how you get paid. You'll need to consider shipping costs too unless you plan to add to your auction. And as others have said here, pictures are very, very important. good, clear, preferably high definition pictures make all the difference in getting the best price possible.
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Replies: 9 / Views: 1,832 |
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Posted 03/07/2013 10:46 pm
