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 Replies: 10 / Views: 2,021 |
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Pillar of the Community
United States
2233 Posts |
I'm looking to make a large profit from selling coins. My main areas are War Nickels, IHCs, V nickels and Buffalos. |
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Rest in Peace
United States
18456 Posts |
So your looking to make a large profit selling coins !  |
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Moderator
 United States
54283 Posts |
T-BOP, be nice.
If you can get those coins for face value and sell them for 50¢ a piece, that would be a 1000% profit, which would indeed be large.
But to answer your question more seriously, there is no particular market where you can just walk in (or use online) that will guarantee you will get a "retail" price.
Also, there is no particular market that will guarantee you a large profit. Profit is dictated by sales price and cost.
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Pillar of the Community
 United States
2233 Posts |
I was thinking if there were any markets that would pay retail value for coins...
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Moderator
United States
54283 Posts |
Quote:
I was thinking if there were any markets that would pay retail value for coins... The most simple answer would be NO. I'm not saying no one pays retail, but for you to get retail prices for your coins, you have to be the market. |
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Moderator
United States
56855 Posts |
The best way to get retail is to sell direct to the collector,the bay-Craigs list-coin club John1  |
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Pillar of the Community
United States
6130 Posts |
Maximum visibility gets the best prices, and there is no larger coin market than ebay. You have to pay fees and accoint for shipping (minimum is $2.66, but you can fit a LOT of coins in a flat rate box!) But as long as individual coins are nice and/or grouped in big enough lots to be enticing, you will make more on ebay than at a LCS and won't have to waste an entire day at a flea market table. |
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Pillar of the Community
 United States
2843 Posts |
Only Littleton and similar firms can manage that feat. The rest must use ebay or the likes to get the "real" market price. |
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Rest in Peace
United States
18456 Posts |
 with john1. You would have to sell to a collector to get the highest prices for your coins and e-bay is your best bet .  |
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Pillar of the Community
United States
4085 Posts |
ebay minus fees and expenses is your best bet. If you really had a lot to sell, you could try renting a table at a local coin show.
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Bedrock of the Community
United States
36878 Posts |
I wish you luck in your quest.
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Replies: 10 / Views: 2,021 |
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Posted 12/03/2018 08:50 am
