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 Replies: 20 / Views: 2,771 |
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Valued Member
United States
379 Posts |
I am not selling, at least not yet, I am still waiting for gold to go to $20,000+ an oz. like the tv commercials say haha. seriously, would you bother to sell each coin individually on ebay, use HA auctions or sell on this site, or ? btw, I saw my first HA auction online yesterday, I was impressed, there is even a video of the auctioneer "doing his thing" as the auction progressed. seemed to be the easiest way, but I do not know for sure. just tired of seeing all the ebay and paypal issues (re: nightmares) that seem to come up all the time. hmmm, a big surcharge on HA, but there are big "fees" (final value fee or whatever they are named now) on ebay, I am pretty sure paypal takes a cut. my brother sold a $1,300 gold coin last year on ebay and paid at least $150 on all the "fees". (anytime I see the word "fees" I fall to the ground for 5 minutes frothing at the mouth). on the HA auctions, wondering if it is...15-20% "buyers premium"? too lazy to check myself right now.... mike "90% of all my problems are caused by people who are either incompetent, stupid or greedy... or a combination thereof". |
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Pillar of the Community
Canada
5239 Posts |
I would first try to sell to collectors in my coin club. I certainly could not sell everything to them, though.
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Pillar of the Community
United Kingdom
2870 Posts |
Most auction houses charge sellers fees, usually 10#8453; as well as buyers fees, could be 15% or more. Sellers also get to pay the auction house photography fees. All in all ebay is usually the cheapest option. |
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Bedrock of the Community
United States
94367 Posts |
Right. HA has a minimum value threshold for the combined value of submissions, I believe, and would not normally be the best venue for lower-value coins. Conversely, ebay would usually not be the best place to sell really special coins - doesn't have as "sophisticated" an audience. Either way it's going to cost you. Personally, I would not use ebay to sell better material, although many do so, asking an inflated price hoping to find a sucker - which probably happens regularly.  |
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Pillar of the Community
United States
968 Posts |
Bacchus2, ebay isn't much cheaper. Between ebay and paypal fees you are giving them around 13%. I think it depends more on what you are selling. Very special or valuable coins I'd look at HA or another auction house. For more normal coins I'd do ebay. |
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Pillar of the Community
United Kingdom
2870 Posts |
Saruma Yes ebay will work out about 13%. Most of the big auction houses will charge you at least 10% sellers fees and anywhere northwards of $40 per coin for photography. As Coinfrog says - you really have to have high end coins to make most of the big auction houses a viable option. ebay is the way to go for cheaper material. |
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Pillar of the Community
United States
1590 Posts |
I'm with everyone else, unless you have a really valuable coin, then ebay is the way. |
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Pillar of the Community
United States
1314 Posts |
Quote:
$40 per coin for photography. Holey smoke! For that price they should drive over and show it to you. Most people can do as well by going to the photography section and picking up a few pointers. |
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Pillar of the Community
United Kingdom
2870 Posts |
Quote:
Most people can do as well by going to the photography section and picking up a few pointers. I'm sure they could - but that's how these companies make their money. Bring your own isn't an option. |
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CCF Advertiser
United States
1533 Posts |
ebay fees come to around 13%, however I would not run an auction for a high value coin on ebay. I would just list it at the price I want to get and wait. David Lawrence has a $975K coin on ebay. Heritage has a $5K min on submissions, but will charge you 10%. They will charge the buyer 17.5% so the coin will bring 17.5% less than otherwise as the buyer will take that into account. So the total HA fees will come to 27.5%. But the coin will sell at the time of the auction and get the most you can get for it.
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Pillar of the Community
United States
757 Posts |
HA fees vary, depending on how much you sell with them. I know a couple of people who get hammer price plus a couple of percent. It takes years of doing business with them and many thousands of dollars of coins sold to get there. A one time I'm getting out of the hobby sale HA auction would probably not be the way to go.
On the other hand HA and stack bowers will buy your collections. They seem to be a bit more fair pricing than most LCS.
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Pillar of the Community
United States
1071 Posts |
Selling through HA does not mean you will get the most you can for your coins. Historically I've seen many average type coins sell on HA for less than Ive seen the same exact one sell on ebay. If I couldn't find local buyers/ collectors/ dealers ready to buy my collection at a fair price then I would stick with ebay.. ebay has the largest, widest audience you can find for your average coins. I don't own any rare $300k or even $10k coins. If I did then HA would be my venue, with a reserve of course. As I've seen many seller's also using reserves because there is no guarantee you will get the most on HA. With that said I don't think HA would be the best venue for a circulated Indian Head cent collection or an Unc Jefferson nickel collection either. I doubt the Sophisticated buyers at HA would even show interest above wholesale for those. The broad and worldwide audience of coin collectors on ebay, from novice to sophisticated, is where ebay outperforms HA and why they can charge those fees we hate. |
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Pillar of the Community
United States
5825 Posts |
First, I'm NOT going to sell my collection.
I intend for it to be intact when I get "slabbed" and buried.
But my wife knows who to contact if she wants to convert the collection to cash.
It will be MFD.
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Pillar of the Community
United States
7614 Posts |
When you are ready to sell know realistically what your stuff is worth. Next, decide what your bottom number is for each item.
Offer them to your local coin club members, local dealers or walk the floor at a coin show and try to market them yourself. The only fees then are your expenses for time, efforts and transportation.
If you sell them online, or through the auction houses, you have to pay their expenses. Nobody does this stuff for free.
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Pillar of the Community
United States
7375 Posts |
An ebay store is the best bang for the buck for selling coins. 6% ebay fee + 3% paypal fee. Also ebay has a special promotion now....not sure if it's in all areas, for $5 per month, for 3 months, for a store. Can't beat that! |
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Pillar of the Community
Russian Federation
5172 Posts |
If I was to sell my hoard, I'd probably pack it up and offer here - on this site, I can say "I will ship by X method, buyer pays for shipping" and not have to say in advance how much said shipping will cost until I actually find out (and ebay's estimates tend to be wildly off; perhaps - I hadn't done the figures - enough that I'd end up spending more on shipping alone than I could gain from the entire sale including ebay "shipping"). I'd probably mention that I do not expect under $20 shipping, however. HA is simply ridiculous in my case - if my hoard were large enough to be worth more than their minimal possible fee, it would have weighed hundreds of pounds. I'd rather sell a few boxes of cent rolls, they're a lot more valuable (almost $25 per box, IIRC), and don't weigh as much either. If I was to sell my collection, however, I'll probably go to a market (maybe Taganka or Sokolniki), set up a stand (this is easiest on Taganka, I believe), and sell the coins individually. |
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Replies: 20 / Views: 2,771 |
Posted 09/10/2016 4:12 pm
