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 Replies: 23 / Views: 3,402 |
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New Member
United States
2 Posts |
Hello! I inherited some coins and will be looking to sell most. I have collected coins in the past so I do know a few things. I am in no hurry to sell. If you guys are nice to me, you can get first look at the treasure. I know there is a minimum number of posts before selling on this site. Let's start with a bang and check out one of the nicer coins I have. What is a fair price for this coin for a person-to-person sale? NGC site says $2100 but ebay just sold one for $2940. Any thoughts or advice on how to sell this? Coin Pics are from a scanner.      |
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Moderator
 United States
56855 Posts |
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Rest in Peace
United States
17900 Posts |
 The grade of the coin, in this case 58, is at least a start for determining value. No two coins are the same. If you check Heritage sold prices you can see that a 1841 Seated dollar, all in the 58 grade, sell for huge differences in price, mostly because of the eye appeal, which isn't listed on the slab. |
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New Member
 United States
2 Posts |
Thanks for the feedback. So I can infer from some of the feedback that coin photography is very important! People are purchasing based upon pictures, so the photos need to capture the coin's "good side". Scanner photos may not be the best method. A slabbed grade is not everything. Now...where to sell this coin? It seems that for a coin like this, an auction makes sense. ebay, Herritage, or Great Collections? I have sold a few of my coins through ebay and Great Collections. Great Collections has lower fees, but ebay has more people looking. Any thoughts? It seems based upon the prices and feedback...$1950 for this coin would be a "good" price for me. |
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Moderator
United States
187950 Posts |
to the Community! Your post was moved to the appropriate forum for the proper attention.  A reminder to everyone else... Buy/Sell/Trade Rules |
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Moderator
United States
56855 Posts |
Photos make a big difference. Use a camera not a scanner. Quote:
A slabbed grade is not everything Buy the coin not the holder. John1  |
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New Member
United States
2 Posts |
It looks like if I pay for an " ebay Store" for about $25/month, I can pay only 6.25% final value fee and cap the commission to $250 per coin. I think my plan is to research the coins, send the better ones into NGC to get graded (if they are not currently), and take good photos in natural light. Then I will do an ebay blitz over a couple of months to sell the coins. I will purchase a macro lens for my DSL camera right away. |
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Bedrock of the Community
United States
17884 Posts |
When he first posts he says he is in no hurry to sell. Nine hours later he is looking for a way/place to sell it. I guess nine hours is a long enough holding time. Edited by Conder101
10/11/2017 12:42 pm
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Moderator
United States
23522 Posts |
PCGS Auction Prices - the most complete record of auction results available in one place - has a total of 51 results for this coin in AU58, not necessarily including ebay since results there can be so far out of whack. To illustrate that problem with ebay, the auction you mentioned brought by far the highest single price ever paid for an 1841 in AU58. Of those 51 results, only 4 hammered over $2000. ebay is where people with no idea of true value go to throw away their money, as that auction proves. It was a well-written auction, which planted the seeds of thought of the coin not being circulated at all. With images which did not establish the fact clearly. From images of that size, not even an expert could clearly determine whether the coin had circulated or not; at the AU58 level you need the coin in-hand to make that determination. If I were in the market for an AU58 1841, judging from previous sales I would expect to pay under $1500 for it, and would not even glance at one whose asking price exceeded $1700. |
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Rest in Peace
United States
17900 Posts |
 with Super Dave's price range, but I'd set my hard water mark on this coin at $1350. Those black spots on the reverse are not attractive. |
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New Member
United States
2 Posts |
Great feedback...I will come back in a few weeks when I have proper photos.
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Bedrock of the Community
United States
94367 Posts |
It's a decent coin, but it's dull and splotchy and I'm not crazy about it, especially the reverse. I would value it under $1,500 for sure.
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Valued Member
United States
179 Posts |
*** Edited by Staff - Please review the rules that you agreed to when you registered. ***
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Pillar of the Community
United States
3479 Posts |
Agree with mox. Eye appeal is the single most important factor when determining value. Especially with slds as most have been doctored at one point or another. Based on the pics your example is ok looking but not great. Probably been worked on lightly as some black stains still remain. The only way to get realistic price discovery is to have an expert view it in hand or put it up for auction with professional pictures.
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Bedrock of the Community
United States
11880 Posts |
great looking coin and much better than most au58s I see.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
13014 Posts |
Quote: Great Collections has lower fees, but ebay has more people looking. Great Collections fees are higher than eBays. They raised their buyers fee to 12.5% so they're still higher even for coins over 1k. ebay you likely won't like the results with a new sellers account that doesn't usually sell coins listing something like that as an auction. David Lawrence is another option for auctions. Your lowest fees would likely be consigning through Gerry Fortin, he only charges 9% at that price level and is a noted seated expert. |
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Replies: 23 / Views: 3,402 |
Posted 10/11/2017 01:48 am
