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 Replies: 16 / Views: 3,691 |
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Valued Member
United States
403 Posts |
Much to my sadness I am now forced to sell my collection.
Also it seems that dealers do not pay percentage wise what they use to.
In general what percent of retail do dealers pay to a collector when he sells.
To keep it simple if you have a $100.00 retail set how much could you expect to get.
I know there are variables such as rareness and how much a dealer needs a particular coin but I just need a ballpark buy price from a dealer to a collector that is selling.
*** Moved by Staff to a more appropriate forum. ***
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Bedrock of the Community
United States
62064 Posts |
The coin dealer I go to says he would give 70% of the gray sheet to buy coins. (but not sure if that is across the board though)
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Rest in Peace
United States
18456 Posts |
I have to say it depends on what you have to sell . If you have coins worth a thousand $ or more each then put them in a major auction . But if they are not then e-bay might be the best way to go. As far as bringing them to a dealer to sell , I learned a long time ago to never do that. Most only pay a fraction of what they are worth.  |
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Pillar of the Community
 United States
2843 Posts |
 If you are savvy enough, ebay is a great way to sell your collection. Either as single listings or as a lot. |
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Bedrock of the Community
United States
62064 Posts |
Or you could list them here on the auction forum.
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Pillar of the Community
United States
663 Posts |
I have sold quiet a few coins on ebay. I went through $900 worth of Wheat cent last year, I bought from a dealer that had no interest in varieties. I took out everything I wanted, rolled the coins by date and mint mark and sold many by the roll on ebay. After I paid ebay and paypal fees I still cleared over $1000 in profit. If you have the time to sell your coins individually or in lots that is probably the way to go. |
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Pillar of the Community
United States
8137 Posts |
I would also try to sell some stuff at coin shows. There are lots of dealers that attend these shows, and if you don't lkie one dealer's offer, you can just go to the next table and get another offer.
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Bedrock of the Community
Australia
21788 Posts |
On ebay, keep your estimated lot value to around $100, for single coins, for small or large groups, or sets. Consign to a major specialist numismatic auction for individual coins estimated at over $1,000. |
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Pillar of the Community
United States
589 Posts |
I sold my collection sometime back in 2009 to local coin shops. I made a little profit on the sale, but it wasn't because they offered me fair price. My collection at the time was not small and had little bit of everything. My core collection was in gold coins and silver dollars. There was also classic, World, Modern and other novelties. It took six different trips to sell-off all my collections to different shops. How did I not loose money? I got lucky because gold and silver price went up and I made some buys at a good price. To my knowledge I received something close to $25,000 and I paid closer to the $23,000. What was the retail price of my collection? I'm guessing something closer to the $40,000. Few sample coins:    Back then 1885CC in MS-65 was price closer to $1,300 and the dealer offered me $800. Today this same coin is retail for about $800. I was buying gold coins for close to melt at around $450 and when I was selling it was closer to $1,100. If I were to sell my current collection to the local coin shop today, I'm sure I will take a blood bath. |
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Pillar of the Community
United States
6130 Posts |
I agree with sel regarding ebay. Collectors will bid up to catalog value until the doubt, "what if it's fake?" starts to set in. From time to time, people will post collections that are "worth" $500-1,000 as a single lot, and bids very, very rarely top $250. |
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Bedrock of the Community
United States
11951 Posts |
That is a tough question, hard to answer with out knowing what coins you are talking about. The percentages a dealer might offer will change for coin to coin. Problem coins will be far back of greysheet. Modern common coins may not be much above face, or just face. Some coins seem to pile up in dealers inventories. Like 1921 Peace dollars, 1938 D Walking Liberty halves, 1909 Lincoln, 1883 N/C nickels. Coins like them will also get offers of well below greysheet. Low greysheet offers can easily be 35 to 50 percent back. |
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Valued Member
 United States
403 Posts |
coop, on this site seems best but I have a large collection, would take many postings, then there is distance, I live in the boondocks so would have to be done by mail which sometimes ends up with mailman the winner, I have bought a few things on this site, I don't think I have sold any, if I were to sell them here what is the most secure way for both buyer and seller, I do not like ebay or paypal, had trouble with both years ago, none of the problem was on my end yet they shut me down like I was capones grandson |
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Valued Member
United States
311 Posts |
Personally I would start by offering coins on here at 75-80% of retail... you will have a bigger audience that understands the value in the coins you are selling and also would be getting a better deal than most of their local shops... then I would list the coins in the $100-300 range on ebay and let them sell for 60-70% of retail, just remember to set your reserves and buy it now prices somewhere reasonable and where you won't be getting fleeced... last, I would take the bigger coins to a dealer, if you have any left... don't accept anything less than 60% but aim more towards 75%... THE BEST TACTIC, hands down, when negotiating with someone is to use the doubtful thinking about their offer and then say no, I'll just hold on to it... They have wiggle room, and if not, you WILL be able to find the price you want somewhere else... just remember the Golden Rule about selling off anything valuable to you... Be Patient |
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Pillar of the Community
United States
4469 Posts |
Here is what I would do: Under $500 ebay or CCF $501 to 2500 Great Collection Over $2501 Heritage You really should think about giving ebay another try so you can maximize your return. |
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Pillar of the Community
United States
1915 Posts |
Quote:
The coin dealer I go to says he would give 70% of the gray sheet to buy coins. (but not sure if that is across the board though) Keep in mind that the Grey Sheet is "wholesale" pricing. |
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New Member
Canada
8 Posts |
I am in a similar boat - I inherited my mother's collection and she wanted us to have it to do a renovation on our house... I know VERY LITTLE about coin collecting, but have a friend come over and take a look to see if there was any of the obscure coins in the collection - nothing special, as she sold all her gold off years before, so these are just pennies to dollars from the 1800's till fairly current. Face value of the coins if I walked into a bank would be $3000US - does this mean that if I took them to a dealer, they would offer me roughly 70% of that (e.g. $2100US)? |
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Replies: 16 / Views: 3,691 |
Posted 02/28/2016 12:17 pm
