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Going About Selling Common Date Lower Grade Coins.

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pennycollecter93's Avatar
United States
99 Posts
 Posted 12/21/2013  12:37 am Show Profile   Bookmark this topic Add pennycollecter93 to your friends list Get a Link to this Message Number of Subscribers
My grandpa has tried selling coins on ebay before (Canadian, and U.S.) and they just wouldn't sell. They weren't over priced or anything. That was about 4 years ago. So today while we were grading some of my coins together he asked me to think of a way to get people to buy these coins. He mentioned selling them in groups ie by grades, more common/less common dates or by consecutive dates and mints for new collectors. I could use some ideas or advice! any is welcome!
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noahs-numismatics's Avatar
Canada
3167 Posts
 Posted 12/21/2013  10:11 am  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list Get a Link to this Reply
If there is a demand for the coins, they will sell. Take a look around ebay for completed listings that ended recently so that you can get an accurate estimate of what the buyers market is willing to pay.

Also take a look at the listings that sold, and what was listed in the title and description. Make sure to make good use of the 80 characters given to you for the title because when a potential buyer searches, that is what the ebay search engine will look at.

Finally, it is important to have clear pictures so that potential buyers will have confidence in what they are bidding on.

Good luck!
Hope this helps,
Noah
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KenKat's Avatar
United States
4085 Posts
 Posted 12/21/2013  11:51 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
If they are silver, you can start them on ebay at $0.99 and they will sell for around melt value with almost certainty as there is a large market for these types of coins. Bundle them in small lots to minimize the shipping charges for the buyer as those will be taken into account when they bid. For example, a $3 coin with $2 shipping will often sell for closer to $1 than $3 as the bidders are looking at the total price.

For copper or nickel type coins, you can probably sell them in bulk - for example, common date wheats - I would roll them and sell them in lots of maybe 5 rolls - again starting at $0.99 cents. If there are some nicer dates, you could perhaps sell them in small lots or maybe indicate on the rolls - i.e., contains 12-S, 26-S and 30-D in circulated condition.

For nickels, I'd sell them in lots of 10 for buffaloes or Jeffersons. The Jeffersons could also be rolled.

Partial sets in albums can also be sold that way - just be clear what is in the set via pictures or in the descriptions.

Coins worth less than say $5 can be tough to sell. If you list them at $3 or $5', they probably won't get any bids. But if you can bundle them up into lots that are worth say $20+ and start them low, they will attract enough attention that you can be pretty safe from somebody getting them for 99 cents.

This is what I've observed at least.
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52Raymo's Avatar
United States
8516 Posts
 Posted 12/21/2013  1:04 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Good title description, good pics, and low starting bid. Like KenKat said, people love bidding and winning.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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matthewvincent's Avatar
United States
3486 Posts
 Posted 12/21/2013  2:16 pm  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
KenKat,
Good advice on how to bundle.
Make the listing some how attractive.
And shipping DOES make a difference to a potential buyer.
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pennycollecter93's Avatar
United States
99 Posts
 Posted 12/22/2013  1:36 pm  Show Profile   Bookmark this reply Add pennycollecter93 to your friends list Get a Link to this Reply
Thanks for the insight everyone!
Edited by pennycollecter93
12/22/2013 1:37 pm
Bedrock of the Community
United States
20753 Posts
 Posted 12/23/2013  10:35 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Try to find a coin show in your area. Although so many think ebay is the way to go in selling, you have to remember there is all those fees, then shipping, postages, insurances, lost in mail stuff to contend with.
However, at a coin show, many dealers have books with those 20 slotted pages full of 2x2's with normally lower priced coins. Many people look though those for fillers for themselves or their kids. So at a coin show many dealers are glad to have someone offer lots of those to him or her.
Try Google or Yahoo or Bing for coin shows in your area. Usually type in coin shows and the state you live in. If near other states, also type in those states.
The same is true for local coin clubs. Some of those attempt to purchase lower cost coins for members kids.
Not always an easy task since not all coin shows and/or clubs are listed though.
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