Need Advice On Inherited Coins, Please

In addition yo sharper images, I'd prefer larger ones myself. I find it a shame to hear of people inheriting a collection and trying to sell it off as cheaply (and quickly) as possible to get it gone. Although I've seen that with foreign coins a lot more than US ones...lucked out years ago though, got a grossus from the First Republic of Poland in fairly good shape (it's probably a $40 coin) for 12.5 cents from a new lot a dealer had bought that week; and lucked out a few months ago at a pawn shop, 1885 Liberty V nickel, in fair to about good condition (lowball estimate value, $200) for 90 cents. People lost out in both cases. The 1885 V nickel is fairly liquid and could have been sold quickly (if I paid 90 cents for it, the pawn shop paid even less), whereas the Polish Grossus is not all that liquid, and it probably would have taken a while to sell to get full value; but that's the nature of the beast.

What I'm trying to get at, which is what others have said, but I feel the need to reiterate, don't settle...at least not right away. Your CC Morgan you sold... while sure, people on ebay are looking for a deal, 2 watchers shows there was interest. It might have taken you two or three relistings before you'd have sold it (or it could have taken more), but to lower the price when it's not selling right away is not the way to do it. Take time with it, stand your ground a little bit. If it isn't selling for $100, lower it to $95 instead of $75. The coin market is just like the stock market, when you can't sell the coin quickly, just as when prices of stocks start to slide, the vultures love the panicked who settle for even lower.


Other: As to your question on ebay advertising and its impact here...there probably will be a benefit to posting here. You have collectors here who won't pass up a good deal when they see it, and since they know you're wanting to sell, they'll probably be watching your account. However, as stated above, people may want a good deal, and so try to give it to them (checking ebay buy it now listings are always good, as well as checking Red Book pricing), but don't give them too great of a deal unless you've had it out online for months and **really** want it gone as quickly as possible. (I've done something similar many times...coin or banknote been on ebay for 6 months or more, no takers, many views, decent numbers of watchers each relist, but don't want to lower the price right now, so back into the "holding" pile for a year or two they go...hoping things will be different then)

Agreed. Most of my mistakes come from rushing.