World & US Coin Collection - How To Sell?

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Author	Replies: 6 / Views: 2,960
stage169 New Member United States 3 Posts	Posted 05/10/2020 8:38 pm My family is finally willing to part with an extensive coin collection. Our biggest concern is getting a fair price so just starting off I thought of this question first. Almost all the coins have been purchased from coin show/collectors and have prices on them. What could I expect percentage wise of the price listed on the coins when selling them? I'm not really interested in an auction or ebay. I'm not sure I have the time to sell them myself but will not rule that out. ebay sounds like it protects the seller and I've read of stories where the coin is shipped and the buyer swaps it with a lesser value coin sending it back to the seller. If I did start to sell the coins myself what are good options? Coin shows? Clubs? Selling the entire collection to say a collector or coin shop could I expect at least a 50% return on the listed price? I did have a collector come and look at the coins and it took three days. The offer was less than a 1/3 of the coins price markings on the sleeves. Currently I have almost all of the coin images scanned front and back. Just the pages scanned for inventory the images show the coins but they are not good enough to really show the condition of the coin. Hoping that these images would give a good representation in case a coin shop or collector would be interested. The collection is too extensive to transport nor do I want it out of sight for any time. I appreciate any advice this is something my family hopes to finish soon. We will not stop until we feel that we have done the best that we can. Thanks for the help! Report this Post to the Staff

hfjacinto Pillar of the Community United States 7293 Posts	Posted 05/10/2020 8:57 pm So I'll be blunt. Prices written on a coin could be accurate or totally off. When a large collection you have basically 3 options, 1) if it's valuable you might be better off selling it to an auction house. They will take care of certifying it and you'll get a % if sales, for expensive high value sets this may make the most money with least amount of work. 2) if the set isn't high end your best bet is to sell it your self probably via ebay. It might take years and it's work. 3) the fastest option maybe to sell it to a dealer, but he won't give retail and wholesale is usually 30-50% of retail and if it's a lot of common ungraded coins look towards the lower end. If you don't have coin shops locally a pawn shop will buy it but most likely only give you the precious metal value, If you don't mind a little work you should separate into high value, low value and melt value. But for to do this you need to get a little education on coins. You need to understand condition and rarity. A final option is have a collector look at what you have and give their opinion, but be prepared to pay them or give them something. Good luck My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 05/10/2020 10:35 pm hfjacinto has said it right. A variation of 1) would be to group coins into what you think would be $200 job lots, and present them to an auction house. Have a talk with the auction house first, to see if this sub option is OK with them. Report this Post to the Staff
stage169 New Member United States 3 Posts	Posted 05/10/2020 11:34 pm hfjacinto Thanks for the help! I know the majority of coins are below $30 but there are some valuable ones. Sounds like a good idea to group them and just expect the lower end for the less valuable coins. Honestly the collector that offered to buy them was pretty close then. My family was told that there is a complete collection of Farthings (collector told me that wasn't possible) and I'm not sure. In your guys opinion would it matter to break them up (high dollar/ low dollar) or sell them all together? There are coins from every country on the planet so I guess either I keep them together by country or high dollar low dollar. sel_69\|that sounds pretty good! I do not have any experience with this but it seems for my Dad this was not much of a good investment. I've seen some of the receipts and there are a couple with a 20% mark off when a lot of coins were purchased. That's OK though he was a history dude and I'm sure his enjoyment with them was worth it. It is going to be hard to convince my family that we will only get maybe 30% of the marked value. I appreciate the help and hopefully I can get the rest of my family to share in the work to sell :) Report this Post to the Staff
hfjacinto Pillar of the Community United States 7293 Posts	Posted 05/11/2020 08:21 am Issue with complete collections is that only a few coins are worth much, most are common and not worth much. I don't know about foreign coins so I can't help. But as an example, I have the full set of Lincoln cents. If I sold it to a dealer the coins he would care about would be the 1909 S, 1909 S vdb, 1911 S, 1914d, 1924 d and 1931 S. All the others aren't worth enough to worry , unless the set is high grade mint state in that case we would need to revisit. This is where you need to understand the difference in condition and how the condition affects value. There is a website numista which shows you value of coins, I would check out the valuable ones to get an idea on retail (what you sell on ebay), remember wholesale is less. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
jbuck Moderator United States 190135 Posts	Posted 05/11/2020 11:17 am to the Community! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
stage169 New Member United States 3 Posts	Posted 05/11/2020 12:20 pm Thank you, I'll check out Numista! Report this Post to the Staff
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