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 Replies: 12 / Views: 2,196 |
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Bedrock of the Community
 United States
12477 Posts |
I'm trying to thin out all of the inherited randomness in the collection to focus more and decided to start with silver. I've already sold a good amount of U.S. Silver but I have several world coins that I'm going to sell and am wondering what the best approach would be. They are all pretty low value coins as far as I know (less than $10), are varying purities and are not all that pretty. Should I just lump them all together, separate by country? I want to create the best appeal to a collector. Also, would I do better on ebay (auction or BIN?) or here on CCF? Any advice would be greatly appreciated! Here are the coins. I have Mexico, British-India, Hong-Kong, Japan, Panama, Philippines, Germany, and Spain. They are all 20th Century except the 1869 Peseta.       In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
1913 Posts |
One thing I have done, just to be simple and easy, is to bring foreign silver coins to a dealer friend at a local coin show. He weighs them and offers a good price. Your results may be different, but it's always worked fine for me. Why not spend some time searching completed auctions for similar coins in order to see what you might expect.
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Moderator
 United States
56855 Posts |
I think you should try selling here first if you have the time. Chances are you would sell more on the bay,but give the family a first chance. You might be able to use the same pics and info for both venues,CCF and the bay. Good luck. John1  |
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Bedrock of the Community
Australia
21786 Posts |
Calculate the total ASW of all you wish to part with, and sell as a job lot.
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Pillar of the Community
United States
1913 Posts |
Since you did ask about ebay, I can say it is rare for me to bid, and if I do bid, it will end soon. I just don't want to wait days before I know if I win or not. I always search for Buy it Now as a first choice. I always also look for Best Offer and use that too. |
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Bedrock of the Community
 United States
12477 Posts |
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
Uruguay
217 Posts |
The Spanish 1869 Peseta is hard to find near VF condition. I think yours is between $15 and $25.
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Pillar of the Community
United States
3343 Posts |
They look like melters to me.
I've bought better coins out of dealer's melt sacks.
I expect that I'll eventually sell my foreign silver back into the same sacks. Any premium would come from selling them in the country of origin. There are too few foreign collectors in the US. Maybe sell them on the national eBays, but just not worth the time IMO.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
06/24/2017 3:22 pm
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Bedrock of the Community
United States
12477 Posts |
Thanks for the input everyone. Quote:
There are too few foreign collectors in the US. Unfortunately, I believe that's true. I do sell a good amount on ebay and it wouldn't be too much trouble so maybe I'll try that. I also get world exposure that way. I'd be okay with getting melt and just hope for more. I'll probably put the Peseta by itself judging by sold listings there. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
6130 Posts |
There is a decent market for old Commonwealth silver; certainly more than melt. The Japanese 50 sen is a melter, but would do well to move some miscellaneous world coins; the two phoenixes really stand out in a group photo. If you don't mind putting in the time, you could squeeze a bit more than melt from these coins.
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Pillar of the Community
Norway
1358 Posts |
Rule 1 of dealing with foreign stuff: you should divide your intended sales price by the distance from its origin. So even though some coins may appear like having larger numismatic value, chances are slim that you'll get a good deal out of it when trading in the US. If you believe that you will have a hard time selling these coins individually due to lack of demand, then I suggest that you calculate to the total fine weight of the silver, find out how much it's worth and add for example 10%. Then offer it as a bulk. Quote:
There are too few foreign collectors in the US. Americans aren't interested in 'world coins' at all, is my experience. I've seen a very rare coin end up being melted just because it wasn't American, the dealer had no idea of what it was, had no interest in it either and it was foreign, so many good reasons to just melt a coin worth $5000 over here... it was a Dutch 10 gulden from 1892, to be precise. 61 pieces minted, now just 60 available at most, just due to plain stupidity and ignorance... Edited by UltraRant
06/26/2017 08:00 am
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Pillar of the Community
United States
1346 Posts |
From my observations bulk foreign silver lots do well on ebay. |
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Pillar of the Community
United States
1949 Posts |
Quote:
They look like melters to me. You will absolutely get better than melt for those pieces, I agree a mixed bulk lot with everything on ebay would probably net the best price for you... Quote:
Americans aren't interested in 'world coins' at all, That is simply not true. I sell nearly exclusively 'world coins', and the majority of these world coins sell to Americans... |
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Replies: 12 / Views: 2,196 |
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Posted 06/22/2017 11:18 pm
