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 Replies: 30 / Views: 3,734 |
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Bedrock of the Community
United States
11951 Posts |
Keep in mind that most price guides are retail value. In most cases it is hard to get retail price, unless you have your own business. Dealer greysheet has wholesale prices. Good to know that, for most coins dealers will pay less than greysheet. For common silver coins most will give you back of spot. Checking completed sales on ebay is a good idea for getting a idea on what your coins will sell for on ebay. In my opinion getting a price from a local coin shop gives will give you a good idea on price. FYI ... If you walked into the coin shop I help out in. We would offer you around $110 for the five coins you have pictured. |
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New Member
 United States
5 Posts |
Thank you all for all your valuable feedback. I've put my first coin up for auction. Anyone who can, please let me know if my listing was done well. Much appreciated: *** Link removed by the Staff. Please review our Buy / Sell / Trade Rules *** |
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Pillar of the Community
Canada
1005 Posts |
Ditch the brackets and the free shipping in the title. Add; ASE 1oz. Fine silver one dollar Coin More relevant keywords in the listing title the better. Edited by Bm0ney
02/15/2014 12:04 am
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New Member
United States
5 Posts |
I put my first coin up on ebay, an American Silver Eagle and it sold for $26.26. I offered free shipping for this coin. Now I have a few more questions: 1. Do you believe I'll make more money by offering free shipping? Or is it better to charge for shipping? 2. Is there a best time or day to put your coin up for auction? 3. I scanned my coin on 600 DPI. Do you guys prefer having a coin scanned or photographed? Thank you. |
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Bedrock of the Community
13014 Posts |
Pictures are better than scans but either work. As far as free shipping I dont think you made anything extra doing it. Itll cost about 2 dollars to ship an ASE just for postage and a 26 dollar sale price is right in the range of where they sell anyway. |
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Pillar of the Community
United States
1804 Posts |
 Belated welcome from one newbie to another |
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New Member
United States
5 Posts |
Thanks again for the feedback. This is what I plan on mailing my coins in. It's a "safety mailer." I'll just put the coin in a slip, and then in a small plastic bag for slightly more protection and then I'll put it in the safety mailer below. The safety mailer will be inserted into a regular envelope. Is this an adequate way to ship a coin? Thank you very much:  |
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Pillar of the Community
United States
1804 Posts |
BM0ney.... Quote:
More relevant keywords in the listing title the better. Please more info on the keyword in title please (ebay?) |
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Pillar of the Community
United States
1804 Posts |
GR58......... Quote:
FYI ... If you walked into the coin shop I help out in. I assume you own or work in a coin shop. May I please ask what is a normal spread (mark up) on coins? While I was a merchant in clothing the normal (keystone) was 50% ... but that was years ago. Thanks for any help. |
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Bedrock of the Community
United States
11951 Posts |
It depends on the coin. If it is a coin that will sell fast, it will have less
of a spread.
I would say on average a coin shop may buy coins 35% to 45% back of wholesale
and maybe put a price 20% to 30% at a starting sell price. Many times they will come down from where they starting sell price, just to sell it.
When coins are bought and sold as common silver, the spread is much lower.
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Pillar of the Community
United States
1804 Posts |
GR58... Quote:
It depends on the coin. If it is a coin that will sell fast, it will have less
of a spread.
I would say on average a coin shop may buy coins 35% to 45% back of wholesale
and maybe put a price 20% to 30% at a starting sell price. Many times they will come down from where they starting sell price, just to sell it.
When coins are bought and sold as common silver, the spread is much lower. GR58 --- This info is beyond helpful. Thank you  |
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Bedrock of the Community
United States
11951 Posts |
After re-reading, I could have said that better.
When a dealer goes to re-sell a coin, a average might be 20% to 30% ( above whole sale)
Some coins might be more ...some less .... Depending on how fast the coin might sell.
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Bedrock of the Community
13014 Posts |
Quote:
Some coins might be more ...some less .... Depending on how fast the coin might sell. And how rare it is. Some dealers never learned any of that though and just price everything like its the only one ever made  |
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Pillar of the Community
United States
1804 Posts |
basebal21...... Quote:
Some dealers never learned any of that though and just price everything like its the only one ever made I was a merchant in clothing for years. Tricky to give all details of my modest store front. In general, (twice per year) we sold 100% of goods at regular mark up for about 12 weeks ... then we reduced everything weekly, until all goods were at 3-5 dollars a pop. Then I sold it 100% to a close out buyer. Received about $1.50 to $1.75 a pop. ...and it started all over again for the next 26 weeks. Turning your money was healthy. Customers Don't repeat stores with stale goods. Having said that ... I will just sit on some of my ebay coins until ... well you know. Reason is this ... There is no brick and mortar overhead, on ebay. The over head starts with fees, after you sell. I am looking forward to the time I can sell-trade-buy on CCF. Only 68 days to go |
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Pillar of the Community
Canada
1005 Posts |
Domain555, I mention using more words because that is how people find your coin when searching.
Try to use as many different and relevant words as space permits in the title.
There was a link to a specific item by BambooForest. Being a new member I did not expect it to stay posted.
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Replies: 30 / Views: 3,734 |
First Page
Posted 02/14/2014 9:13 pm
