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 Replies: 14 / Views: 1,408 |
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Valued Member
469 Posts |
As some of you may already know, I have been trying to sell off some coins to save up for a nice example of a Liberty Cap large or Half Cent. There are three of my lots listed here on CCF, but I am looking for a more, how can I say it, active market, other than ebay. I've already given ebay it's fair shot, and it hasn't worked out at all. Fees, bad buyers (and sellers for that matter) are just too much of an annoyance when all in am trying to do is sell some darn coins. Can't go to an auction house because my coins are not really anything too special, and I refuse to get ripped off at a pawn or LCS. My LCS usually has good prices, but they do not give good prices. For instance, I went to sell a few draped bust and classic head large cents that were all solid G-4's or above and was offered three bucks a piece for them. So, might anyone know of I way I can rid myself of these coins in an efficient and preferably quick manner? And, hey, if any of you want to take a look at my listings on CCF, please, be my guest! Thanks.ahead of time, Carson |
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Pillar of the Community
United States
8516 Posts |
Quote:
For instance, I went to sell a few draped bust and classic head large cents that were all solid G-4's or above and was offered three bucks a piece for them. I'll bump it to 3.50 apiece  Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
4691 Posts |
You can post them on this site, but not in this forum.
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Valued Member
 469 Posts |
I've already taken care of that jimbucks. And 52Raymo, well, I will have to think about it, haha!
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Pillar of the Community
United States
4989 Posts |
One thing to keep in mind is that local coin shops have quite a bit of overhead relative to an online shop. They have to pay rent and staff the store with full time employees.
Local coin stores do a great service to numismatics by allowing people to browse and explore coins "hands on". For that reason, I don't mind selling to them at a discount to what I could possibly get online.
Edited by fenton
06/26/2015 8:31 pm
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Valued Member
469 Posts |
That is all true, except for the fact that the man who owns my LCS owns the building he is in and is the only person working there.
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Valued Member
United States
308 Posts |
Maybe you could go to a Coin Show and ask dealers with similar coins if they would be willing to make you an offer for all of them? I have done that before with a bunch of World Coins that I was no longer attached to. Didn't get too much for them, but I just wanted to give them a good home.
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Pillar of the Community
United States
6370 Posts |
Have you considered trading the coins for the Liberty Cap Cent? Take what money you have now and the coins you want to trade, and ask if he will be willing to honor 50+% of the selling price of your coins as credit towards the liberty cap. He will be moving a relatively large-value inventory item and it still gives him money to make.
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Valued Member
469 Posts |
That's a great point! I will try to manage something like that, last time I got store credit from him he was more than fair.
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Pillar of the Community
United States
3210 Posts |
Pytellc
I see your in upstate ny I'm in the Hudson valley orange county area. I know a local wholesaler who is a bigger dealer and is very fair. Perhaps if your willing to make a trip down to Middletown ny and see him....if your interested I can give you info. Respond on here or private message me.
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Bedrock of the Community
United States
94367 Posts |
I have to go a bit of a distance, but a dealer several towns over runs a weekly bid board that I have had very decent luck with. Maybe there's one somewhere near you.
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Valued Member
469 Posts |
Imthealphaomega, I will PM you ASAP! And coinfrog, unfortunately I haven't come across anything like that in my travels.
Another question, has anyone had a positive experience selling foreign gold at coin shows? I just shopped around an 1867 Napoleon III Gold 5 Francs at a coin show and was offered melt value price by most people I talked to. Apparently there was no appreciation for mid-19th century foreign gold today.
If some one has had a positive experience doing so, or knows a better method, please let me know. And, if no one can help me out, I will just list it here on CCF.
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Pillar of the Community
 United States
4591 Posts |
Quote:
Another question, has anyone had a positive experience selling foreign gold at coin shows? I just shopped around an 1867 Napoleon III Gold 5 Francs at a coin show and was offered melt value price by most people I talked to. Apparently there was no appreciation for mid-19th century foreign gold today. Pretty much the truth. The down-side of the AGE and similar coins is that anything that's NOT a US coin or bullion piece is considered less liquid and thus less desirable. Which translates to lower offers when buying it from you. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
1450 Posts |
I almost always have a few coins to trade when I go to my LCS. If you are a regular customer and the owner knows you will be coming back it is in his interest to give you a deal at least on buying coins. Selling coins you should not expect more than about 50% of their value. The dealer needs to make a profit. He has expenses. He has help to pay. Who knows how long the coin will sit before it is sold? If my LCS is open today I think I will go to buy and trade a few coins. First I get the rock bottom price. They I ask how much off for my trade-in. Then I ask for cash discount. You know they can fake the paperwork and reduce their profit for IRS. Not easy with checks or credit cards. One hand washes the other.
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Pillar of the Community
United States
3343 Posts |
Take Raymo58's offer and put the money in your piggy bank.
I got a little more than that selling no-silver modern proof sets at my LCS and considered myself lucky to be rid of them. Dealers don't like deadstock inventory.
Regarding common foreign gold like your 1867 5F, unless it's high uncirculated it trades for melt. Small face value common gold - up to quarter eagle size - retails above it's melt value, but there is no premium selling it. It gets tossed in the melt tub along with the rings and dental gold. I've bought coins at very low markup out of those tubs that interest me - early French 20F's, uncommon jewelry grade US gold - but I know that when it comes time to sell them they're going back in the tub.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
07/03/2015 12:24 pm
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Replies: 14 / Views: 1,408 |
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Posted 06/26/2015 7:57 pm
