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 Replies: 12 / Views: 1,572 |
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Pillar of the Community
United States
4337 Posts |
I had grown tired of looking at my 1934 - 1945 AU/BU Mercury set so I ventured out to identify what I would replace it with in my collection. Of course Liberty Seated dimes take precedent in my world but I am also a fan of old gold...either way, I need the money. I had posted the entire set in the capital plastics holder on the bay for $695. Really not a bad deal considering it comes to $19.85 a coin. after over a month and no takers, I decided to break up the set and sell individual coins. What a smart move. I have moved only 16 of the 35 coins in the set and have generated $574 from this. I am now eyeballing a $2.5 quarter eagle and PCGS LSD for the collection. In the end, I have averaged $35.87 per coin sold, have managed to keep 19 of the dimes in the set and I am about to add two beautiful coins to my collection. Just thought I would share. |
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Pillar of the Community
United States
7390 Posts |
Nice. Now you know why I prefer to buy collections / complete sets etc... Its like that old saying about how a car is worth more parted out
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Moderator
 United States
187862 Posts |
No surprise here. The set is always worth less than the sum of its parts. Good work.  |
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Rest in Peace
United States
7075 Posts |
Glad it worked out for you. I hope you can get the new coins you want (I*'m sure you will) and look forward to seeing pics.
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Bedrock of the Community
United States
20753 Posts |
Now you know why dealers buy sets and take them apart. Placing each coin in a separate flip.
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Valued Member
United States
283 Posts |
Very nice. Smart move on your part
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Bedrock of the Community
Australia
21786 Posts |
There are lots of collectors, who build sets by collecting individual coins.
It seems that you are selling to what most set builders do.
As an example, I have never bought a set of coins, but I have been collecting by the acquisition of single coins.
I have broken up sets to sell the whole of my collection, coin by coin. Each collector has his own priorities, and so the whole collection was easier to sell as individual coins. That was decades ago.
There were a few remainders, which I sold as a miscellaneous job lot through public auction.
The money from the job lot provided the cash to buy a interesting gold coin, which was the start of my new collection.
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Rest in Peace
United States
17900 Posts |
Buy big, sell small = Profit. Selling sets on ebay is wicked to the seller. Buying lots, collections and sets can often give you better coins for your own set and sell the rest at a profit. |
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Pillar of the Community
 United States
4337 Posts |
Quote:
It seems that you are selling to what most set builders do. I built that set up over 3 years of work. I made some good buys on most of the coins as individual pieces. Last year I ordered and waited 3 months for that capital plastics holder from random supplier I found online. The whole project was a labor of love. I am finding myself thinking I want to whittle down to Liberty Seated dimes, Capped Bust Dimes, Capped Bust Half Dimes and some nice historic gold pieces. I have so many random type coins and all in lovely shape. Its like, do I want $2,500 in 50 different coins or in 10 coins? Its such a tough decision. |
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Pillar of the Community
 United States
5828 Posts |
Wow! What a HUGE difference! Glad to hear you got to get what you want and keep a few of the BU dimes |
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Bedrock of the Community
Australia
21786 Posts |
Far more market demand for individual coins than for whole sets. Lots of us like to buld sets, and have fun doing so. Also much more budget friendly.
That would help to explain why the average price per coin is higher.
Perhaps, and if you have the money, the 'thing' would be to buy whole sets and break them up and re sell individual coins at a greater average price per coin. That could be fun. Dealers do that for profit.
Pick the best value for money 'cherries' out for yourself, to build a superior set. There would be a profit motive as well!
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Bedrock of the Community
United States
12057 Posts |
Lots of collectors can't afford $695 at once, but many, many collectors can afford $20 every week...
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Valued Member
United States
79 Posts |
Wow, good to know if I ever decide to sell!
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Replies: 12 / Views: 1,572 |
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Posted 02/23/2016 10:09 am
