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How To Price Sets?

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Author Previous TopicReplies: 14 / Views: 970Next Topic  
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malissadawn's Avatar
Canada
1931 Posts
 Posted 07/13/2008  11:20 pm Show Profile   Bookmark this topic Add malissadawn to your friends list Get a Link to this Message Number of Subscribers
I am considering selling some of my sets that are extra sets. Here's my question (forgive me if I asked before) To decide on a price, do I just grade and value each coin and then total that for the sale price or is there another way it is supposed to be done?

thanks
malissa
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GO's Avatar
United States
6563 Posts
 Posted 07/13/2008  11:23 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
RedBook is a good guide but check out the Completed Listings on ebay for such sets as an idea. Certain things like spots on cents and poor toning on silver can sometimes diminish it's value.

However! Sometimes with Proofs you can actually break them out of sets and sell em individually and make quite a bit more
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malissadawn's Avatar
Canada
1931 Posts
 Posted 07/13/2008  11:28 pm  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
ok, just to be sure we are meaning the same thing. I dont mean the sets that are encased in plastic, I mean the kind that are in the cardboard blue folders made by whitman and you fill them yourself. just to be sure. I dont really like to use ebay for values because I'm not experienced enough to tell when they are giving an honest price or not and they seem to feed off each other on there. If one person posts a dishonest type of price other people use that as a guide and then none of the prices are very reasonable. (sometimes) Also, just as a note, not of my sets have spots or bad toning. I tried to fill them with at least VF or higher.

thanks
malissa
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GO's Avatar
United States
6563 Posts
 Posted 07/13/2008  11:36 pm  Show Profile   Check GO's eBay Listings Bookmark this reply Add GO to your friends list Get a Link to this Reply
Oh

I just assumed proof and mint sets

You can always get more from a collection if sold in small groups or individually. If you sell something as a set there's always a "bulk discount" that is assumed

You're all about those really big pics.... whatcha got?
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malissadawn's Avatar
Canada
1931 Posts
 Posted 07/13/2008  11:39 pm  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
lol!! giant pics coming right up!
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malissadawn's Avatar
Canada
1931 Posts
 Posted 07/14/2008  12:13 am  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
ok, so I couldnt seem to get my focus straight when trying to photo a whole page of coins but you'll get the idea.

How-To-Price-Sets?

How-To-Price-Sets?

How-To-Price-Sets?

How-To-Price-Sets?

How-To-Price-Sets?
Valued Member
ptb's Avatar
United States
128 Posts
 Posted 07/14/2008  01:51 am  Show Profile   Bookmark this reply Add ptb to your friends list Get a Link to this Reply
I don't know how best to price these self-made up albums but I did notice you could not resist selling a single your - 1926 "far 6". Well there drops the price for this set.

I think obtaining the general values of each coin would be your best bet. You or someone has put alot of time and effort into compiling this set and there is value in this too. Not to mention the additional time you may spend in obtaining values of each coin.

Might be using a grade / value book and using your vf grade as the grade would be your best bet. Checking on auction sites would be great however, finding an exact graded set of your coins would be unlikely.

I would be interested to know what you come up with for a price before you sell.
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malissadawn's Avatar
Canada
1931 Posts
 Posted 07/14/2008  02:09 am  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
lol I never had that missing 1926. was a little too expensive for my blood so I settled on the 1925. was still happy with that though. I was thinking about the same idea. maybe just do a general grade and value for each coin. what I wasnt sure of was should I take a little off that total before selling or add a little more for the time and effort part of it?
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ptb's Avatar
United States
128 Posts
 Posted 07/14/2008  02:27 am  Show Profile   Bookmark this reply Add ptb to your friends list Get a Link to this Reply
Well that depends! If I were the buyer certainly you should take alot off "that total" however, if I was to sell an assembled set as nice as you have here I would definately add to the total for the effort and time!
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ptb's Avatar
United States
128 Posts
 Posted 07/14/2008  02:56 am  Show Profile   Bookmark this reply Add ptb to your friends list Get a Link to this Reply
fyi http://cgi.ebay.com/Canada-Scarce-1...ts_W0QQitemZ a href= https://www.coincommunity.com/go/link.asp?target=https://www.ebay.com/itm/-/310066068046 target= _blank rel= nofollow 310066068046 /a QQihZ021QQcategoryZ3387QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
that is one big hole in that set!
Pillar of the Community
United States
1231 Posts
 Posted 07/14/2008  7:06 pm  Show Profile   Bookmark this reply Add onejinx to your friends list Get a Link to this Reply
You might be better off with an auction in the auction forum. Say you want at least a certain amount for it, let's use $50 and that's the least you would take. Just start the auction out at that price. If you get no bidders, at the ending date just put it over in the sell forum for a sell price

Either way you go will help give you some experience selling coins
Edited by onejinx
07/14/2008 7:07 pm
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malissadawn's Avatar
Canada
1931 Posts
 Posted 07/14/2008  8:53 pm  Show Profile   Bookmark this reply Add malissadawn to your friends list Get a Link to this Reply
that's a good idea onejinx. I get nervous about posting for sale and sending through the mail because firstly, I am afraid of getting them lost, and secondly I have never sent a package through the mail so I dont really know how. lol
maybe I will try an auction and see what happens. thanks
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BadThad's Avatar
United States
19937 Posts
 Posted 07/14/2008  10:04 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Personally, I'd put each coin into an Excel spreadsheet and assign a value to each one, then just total the column.

Don't worry about the mail, it's no big deal. Not sure about Canada, but in the US (USPS) you can pay a little extra for insurance and delivery confirmation. I'd be willing to bet Canada has the same deal going and that it's cheap like here. The key to shipping is PACKAGING. I would never send in an album like that, I'd take each coin out and put it in a 2x2 or, if they are lower quality, put them into a coin tube. If shipped in that album, chances are they will come out and be flopping all over the place. Always package your shipments well and tight and everything will be fine.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 07/15/2008  07:58 am  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Are you sure you don't want to keep this and other sets around until your great-grandchildren can appreciate them ?......
Edited by eaglefoot
07/15/2008 07:58 am
Bedrock of the Community
United States
20753 Posts
 Posted 07/15/2008  11:10 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

Are you sure you don't want to keep this and other sets around until your great-grandchildren can appreciate them ?......

Actually not a bad idea.
You actually have a problem. Not many collectors appreciate those Whitman Folders. If the coins were in an album, that could make a big difference. Coins in those folders mean someone probably used their thumb or even a soft hammer to push them into the slots. Also, note the back of the slots are usually shinny due to the glue used to make the folder and that is not necessarily good for coins.
What you have is the one biggest problem I've found in coin collecting. To complete a set or close to complete is fun for a hobby. Once done and if attempting to sell there is a rude awakening about the REAL value of the set. This is why so many coin dealers that purchase one of those sets take them apart, place each coin in a 2x2 or similar and sell separately. Many, many of the coins in most sets are just sort of fillins with no great value unless in a very high MS grade. Due to the methods used to insert most of those coins in a folder, not many will aquire MS status.
In summation if you truly want to get rid of you sets as a set I suggest you invest in an album, place all the coins in them and then try either a coin show, on this forum or ebay.
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