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 Replies: 12 / Views: 2,999 |
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Valued Member
United States
314 Posts |
I hope this is enough of a variation on the "what happens to my collection when I die" theme to merit a discussion. Moderators, zap it if not. I'm thinking about reducing my collection to complete sets, distinctive coins, and certified coins. That leaves me with a lifetime worth of coins that are not valueless, but are likely going to be interesting to beginning collectors, at best. Examples: Washington quarters and Liberty dimes that are in Whitman folders about one third full with no rare dates; miscellaneous loose coins, mostly cents, but others, from the teens to the fifties; Morgan dollars of common dates from VG to AU. (Re the Morgans: keep as bullion?) Common proof sets. You can probably imagine the rest. I'm open to any suggestions, and hoping there is an option I have not thought of. I'm guessing that most of it is not worth enough to outweigh ebay transaction costs, and to be blunt, I don't want to give them away. So, what have I not thought of? Many thanks in advance. Footnote: I live in a small town, hence no coin club. |
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Moderator
 United States
56855 Posts |
Try selling here on CCF. You could sell on the bay as small lots. There is also Craigs List, your local paper,local coin club,etc. John1  |
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Pillar of the Community
United States
772 Posts |
One idea is if you ever are going on a trip somewhere, look to see if the area has a coin shop. If it does, take the coins with you on your trip.. and don't bring them back!  |
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Rest in Peace
United States
18456 Posts |
If you don't want to dish out the e-Bay costs , then by all means sell them on CCF . we have plenty of Newbies here .  |
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Pillar of the Community
United States
7615 Posts |
Try it here first. Just keep it in small lots with fair prices. You might be surprised with the results.
Good luck!
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Pillar of the Community
United States
6130 Posts |
Are you registered on ebay? I created an account for transactions to hide from the wife for no particular reason, and pretty routinely get promos offering to waive seller fees for up to 5 listings. It's worth looking into, but also remember to limit each lot to what you can fit into a small flat rate box, or keep it under a couple pounds or it will really cost you in shipping. |
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Pillar of the Community
United States
3468 Posts |
 with T-Bop. Let us know what you have. |
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Valued Member
United States
175 Posts |
All good advice given here. Finding myself in a similar situation I decided to sell off my duplicate coins. First I made sure that any Whitman or other coin books had the best example of the coin. I acquired used coin books and filled the holes with my duplicates which I sell on ebay. It's a lot easier sell the books even though they are incomplete than trying to sell individual common coins one at a time on ebay. I also read the Buy, Sell and Wanted forum and was able to sell lots of my duplicates that way. Once the excess coins are sold of you have the cream of your collection left. You can now decide if you want to keep or sell the remainder of your collection without being overwhelmed by the volume of your coins. |
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Pillar of the Community
United States
987 Posts |
Quote:
(Re the Morgans: keep as bullion?) If you don't need the money, I suggest doing this. Morgans, even in low grades, hold a good premium. |
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Rest in Peace
10197 Posts |
What I have done especially with a partial folder, those are the least sellable items ANYWHERE, including here, got my T-shirt! The crowd here is cheap! On ebay partials languish(just look at my store, been there for 8 months!). You will get your biggest rate of return by consigning to an online auction house such as ones on Proxibid or similar. They do the work, you pay a commission, rest is yours. I've done this a few times to clean house, great for unloading bid lots of LWCs and old Jeff nickels. Some of these outfits that are part of this network may be local, that's where I consign, saves shipping! |
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Pillar of the Community
United States
759 Posts |
You're going to need 2 sales channels. By all means, list here first. After selling what you can here, you will still have a bunch of misc stuff left. Based on the amount of effort it is to sell here, you can decide if ebay is worth it. Local auctions can be options depending on what you have. I am in the same boat and I think my best effort-to-$s relationship will be to put them out at the next yard sale. Silver will go out a bit under spot, common proof sets at $3-$5, mixed grab bags at a few bucks each, specific less common coins at probably a third to half retail and very negotiable, partial Whitman albums at just above face + silver melt. What's then left over goes to some YN collection here and some wheats are probably being released into the wild. I'm only keeping coins I love, including a roll of Morgans since they're fun to have in hand and liquid. Good luck. Too much work (for me) to maximize $s and each and every coin brought enjoyment at some time and I'm good with that. YMMV. |
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Rest in Peace
United States
17900 Posts |
If you have a general local auction house, consign them there. Average selling prices are much better because folks get to touch and feel them.
I frequently take all the "stuff" parts of collections I buy and consign in a little town of 2500. I almost blush at what some "stuff" sells for. Almost.
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Valued Member
 United States
314 Posts |
I'm very thankful for all these ideas. I'm going to do some sorting next time I have a slow day, and will probably take the suggestion to use CCF as an outlet. Again, thanks for the effort to reply.
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Replies: 12 / Views: 2,999 |
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Posted 04/02/2018 2:22 pm
