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 Replies: 15 / Views: 2,991 |
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Valued Member
United States
384 Posts |
If this is in violation of TC of forums I am sorry, I checked and it seemed okay. I'm trying to upgrade some of my old coins and wanted to use them as trades. They are all certified by the big three. What is the best way to go about it? I don't use ebay for sales so that's out. Are there any dealers that accept trades? How do you find them? |
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Pillar of the Community
United States
1088 Posts |
If by dealer's you mean brick and mortar, retail coin shop dealer's, and if by upgrading you mean trading your unwanted coins for better coins, then good luck with that. Besides why wouldn't you rather sell your coins for as much as possible to a collector, wether it be ebay or elsewhere, then take the cash and buy your upgrades? I mean there aren't that many retail store dealer's around per square mile these days anyway. And I can't imagine finding one that's going to show interest in letting you "trade up", so to speak, without them making something on the deal. I know there are plenty of online seller's that sell on ebay or on social media and forum's such as this one. But then you'd have to find one that has the coins you need AND is willing to accept your unwanted coins in exchange. Like I said good luck with that, I would just try selling them. |
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Pillar of the Community
Canada
3733 Posts |
yea most dealer's pay 40-50% of trends, then will try to sell you an upgrade for 80-100% of trends..
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Pillar of the Community
United States
4211 Posts |
You could try a local coin show to try and sell your coins to some dealers.
And yes, most are going to want to sell their nicer coins at a premium and pay very little for lower grades.
I suggest if you don't already have one, to get a CDN greysheet and study the values of what you have vs the coins you wish to own.
That might give you a little extra bargaining power.
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Bedrock of the Community
Australia
21786 Posts |
I don't use ebay, either. However, lots of dealers with excellent professional reputations use ebay extensively. Perhaps you may wish to use such a Company. You may wish to consider the consignment of them as a job lot to a well known numismatic auctioneer. The temptation is that you may find other interesting lots to bid on. The problem with this approach may be the %age lost in fees and shipping, and the use of money received tempted to be used for the payment of other than numismatic things. A coin dealer may or may not have the coins you may wish to upgrade to. |
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Bedrock of the Community
13014 Posts |
Well you threw away the best option by not using ebay. That leaves you with trading with collectors, or taking a blood bath trading with dealers if they would even allow it. Dealers like trades when you give them comparable or better material, not a lot of lower end material compared to the item you are trying to trade for. |
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Valued Member
United States
79 Posts |
I live about 50 miles from the nearest coin shop and a local coin show may happen every 2 or 3 years. I try to watch the newspaper for estate sales / garage sales that may list coins. Other than that I would have a much smaller collection if not for ebay. It's not perfect and certainly not free of risk but it is an option for those of us not blessed with local shops. |
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Bedrock of the Community
Australia
21786 Posts |
Search out dealers' advertisements on line the CCF is an excellent place to start, and deal directly with them over the 'phone and via mail for delivery. Perhaps they an an on line listing to peruse. Have to use mail or parcel delivery even for ebay, so that is the same cost. Payment can be by direct debit or money order. One of the problems with the upgrading of coin via a dealer is that you don't get much value for the coins that you are trading in. They like to make a profit on the buy / sell split on the coins they accept from you, as well as a profit on the buy / sell split on the the coins you may wish to upgrade to. A solution to this problem is to buy the best your budget will allow to begin with, and avoid having to upgrade. Edited by sel_69l
06/25/2017 8:59 pm
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Bedrock of the Community
United States
20753 Posts |
OR you could try becoming a dealer yourself and sell off your present stuff. Of course this would mean setting up a web site or finding a coin show to start.
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Valued Member
United States
338 Posts |
That is really good advice from the other members. I'd take my time. Maybe you could list one coin on ebay and see how it goes. |
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Valued Member
South Africa
331 Posts |
Personally I would not sell them to upgrade them, I would just start another
Upgraded set even if it takes me a decade or more I would just do it
I have never sold any of my coins, every coin I buy has a significance to me in some way or the other
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CCF Advertiser
United States
1533 Posts |
I would find the coin you want to buy from a dealer, then offer him the other one in trade. If you have an MS-63 coin of a certain date and want to upgrade to an MS-64 that he has, he will likely be interested in your MS-63 coin, especially since he will not have any example once you buy the MS-64 from him. Often there is something that can be worked out.
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Pillar of the Community
United States
7840 Posts |
When selling, state your selling price, let the prospective buyer negotiate...and let the dance begin. It appears that "right now" is a buyers market, and selling "right now" has not been very kind. I cannot say anything about "trades", because I have not experienced that. The BST over on the left is a good avenue to Buy / Sell / Trade, provided you have met the criteria to do so. Large and clear images are an absolute necessity!
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Moderator
 United States
188130 Posts |
Quote:
Personally I would not sell them to upgrade them, I would just start another
Upgraded set even if it takes me a decade or more I would just do it
I have never sold any of my coins, every coin I buy has a significance to me in some way or the other I know this is not a fit for everyone, but I feel the same way.  |
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Valued Member
 United States
384 Posts |
I wish I had the $$$ not to need to get rid of old coins; unfortunately I bought some lower grade or details coins that now are taking up space
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Valued Member
United States
384 Posts |
These were some of the coins I recently upgraded (traded) for a purchase. What do you think would be a fair price to receive for them? Just out of curiosity to see what kind of deal I got 1921 Morgan $1 MS62 1877 Trade dollar VF35 1872 VF35 Seated Liberty dollar1991-95 WW2 50c PF 69 Ultra cameo 1993 James Madison 50c PF 69 Ultra Cameo 1994 World Cup 50C PF69 Ultra Cameo 1900 Barber 50c G6 1944 Mercury dime MS65 1854 Seated liberty with arrows 50c G4 1864 2-cent F12 1843 Seated liberty 50c G4 1927 SLQ 25C F12 1808 draped bust Half Cent VG8 Details 1925 stone mountain 50c AU50 details 1891 Morgan dollar AU50 Details 1991 Mt Rushmore 50c PF 69 Ultra cameo 1872 3 cent nickel VF20 |
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Replies: 15 / Views: 2,991 |
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Posted 06/11/2017 6:16 pm
