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 Replies: 16 / Views: 2,823 |
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New Member
United States
33 Posts |
I was at the bank looking at my collection and I think it is time to let go of some of it. I have a lot of doubles and lower grade coins. That are taking up space in the safe deposit box. My only issues are that I have to make multiple trips to the bank, I have to take photos, and I have to list them on ebay. I will spend so much time grading them, purchasing shipping material and running to the post office. I am wondering if it's just worth it to let one of the LCS take advantage of me and lowball the heck out of my collection? Has anyone on this board face the same dilemma? *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
United States
1005 Posts |
You could have a tech savvy kid with some spare time sell it for you on ebay for a flat fee/commission if time is the issue. This might be more cost effective depending on the average value of the coins. The only issue would be finding someone to trust with your coins. |
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Pillar of the Community
United States
1660 Posts |
You're asking if a higher return is worth working for?
Seriously?
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Pillar of the Community
United States
6370 Posts |
Why do you have to make several trips to the bank? Is your collection really that huge?
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New Member
 United States
33 Posts |
That is a thought, but I don't have an issue with technology. I am going to have to bite the bullet and spend some time to do it. I been hoarding coins since the age of 7. I been collecting for over 43 years, so you can imagine the amount of coins I have to sort through. I also must confess that I have a hard time letting go.
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Bedrock of the Community
United States
20753 Posts |
I have several safe deposit boxes. Most are full of Albums full of coins. Once an album is worth a lot, I put them in a safe deposit box. I don't see any problem having duplicates. For example I have 10 Albums of Lincoln Cents, 12 Albums of Mercury dimes, 8 of Buffalo nickels and on and on and on. The only real problem is if I get a really high grade anything, it goes into set 1 and the one in set 1 into set 2 then into set 3, etc. This usually means going to a safe deposit box for sets 1 and 2 and on and on. Does get to be a pain in the butt but that's the problem with any hobby. You either put up with STUFF or change hobbies. You might consider changing to collecting Beanie Babies for example.  |
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Pillar of the Community
United States
6394 Posts |
Sell if you are ready to sell, not because the SDB is full. You might consider putting coins in 2X2's or even rolls to save space, particularly if they are low grade. You can always replace the coins in the albums when you want to display them.
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Pillar of the Community
United States
3540 Posts |
Just a thought. Take the pictures and list here.
Why take the hit on the selling fee or lowball dealer offer?
My other reason - you have a CAPTIVE audience here! :)
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Pillar of the Community
United States
1326 Posts |
Do you think it would be feasible to sell your coins in large lots? You may be able to move many coins this way and perhaps save on shipping.
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Valued Member
United States
336 Posts |
You could create a trade list on here, trading can be quite fun
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Pillar of the Community
Norway
1358 Posts |
What would really help here is a bit more concrete information. How many coins are we talking about here? What kind of coins? If you consider it's not worth the investment of time, are we then talking about generally low-value coins? (also: why have your whole coin collection at the bank? No chance of having some at home to clean up space in your box?) Some people are actually selling coin lots on ebay and similar sites. That may be an option in case you don't want to sell each coin individually. But all is better than having a LCS or pawn shop take the best of you. Edited by UltraRant
09/27/2016 03:25 am
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Valued Member
United States
256 Posts |
Hes got a long way to go to post them for sale here.....but it would still be nice to know what he has.
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Bedrock of the Community
United States
17884 Posts |
Any plans on how you going to ship them? If you aren't going Registered or signature required you can get postage and delivery confirmation printed up on your own printer and just drop in any mailbox. No going to the post office. Shipping materials can be purchased online and shipped right to you. If you plan on using priority mail the post office will deliver the boxes right to you for free (You'll have to pay the flat rate postage upfront probably. Do they still have non-flat rate priority? If they do they'll deliver those boxes to you at no charge.). Checked the USPS website and yes they do still provide free boxes and shipping envelopes. If you have a lot of stuff going out at one time you can even schedule the post office to pick it up.
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Bedrock of the Community
United States
94367 Posts |
UltraRant is right, we could use a whole lot more information, along with reasons why you are paying safe deposit box fees of this apparent magnitude if the overall value is not that high.
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Pillar of the Community
United States
1326 Posts |
Quote:
I have ... 12 Albums of Mercury dimes How many 1916D do you own!? |
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Bedrock of the Community
United States
94367 Posts |
How about some input, Rick?
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Replies: 16 / Views: 2,823 |
Posted 09/24/2016 08:19 am
