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 Replies: 10 / Views: 1,487 |
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Valued Member
United States
89 Posts |
Hello I am curious what places have been the best for your sales of coins? Currently I have only been selling on ebay. ebay charges a good amount of fees - and I'd rather sell coins to others without the ebay % which would be better for them.  I have sold a little through Facebook, but I don't really want too much posted publicly for every joe schmo to see and know where I live  So, what are your favorite places to sell? |
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Pillar of the Community
United States
5825 Posts |
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Moderator
 United States
187702 Posts |
I have never sold a coin and doubt I ever will, so I can be of no help here. However, as a buyer, I like a good coin show and have used ebay a bit lately. Depending on what you are selling, seeking offers from a few dealers at nearby show might be worth your while. |
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Bedrock of the Community
United States
20753 Posts |
You might try selling at coin shows. Of course you would have to sit there all day and usually need a good amount of coins.
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Pillar of the Community
United States
2869 Posts |
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New Member
United States
6 Posts |
Sold before on ebay but they tend to charge a lot in fees. I sometimes trade with our local coin dealer. He likes new stuff in his shop so usually pays fair prices. Don't think I'd sell on Facebook for security reasons. |
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Bedrock of the Community
Australia
21786 Posts |
I am the same as jbuck, never sold a coin in 45 years.
My collection will be broken up via public auction after I kick the bucket.
As it turns out, because I have always cherry picked in terms of price, I have always bought well, and the total value of my collection has turned out to be a moderately profitable against inflation.
Perhaps you should change your selling strategy, and help out your loved ones instead, and in the meantime, just enjoy your collecting over a lifetime.
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Bedrock of the Community
 United States
18644 Posts |
everytime I went to a show and attempted to sell the prices were sometimes less than half of what I could get on something like ebay. in order to make $$ dealers rarely can pay more than that unless they know they can unload it quickly for a profit. thats why they are in business. |
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Bedrock of the Community
Australia
21786 Posts |
I agree with Panzaldi; that has been my experience also.
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Pillar of the Community
United States
600 Posts |
Quote:
Perhaps you should change your selling strategy, and help out your loved ones instead, and in the meantime, just enjoy your collecting over a lifetime. I'm of the opposite opinion. I want to help my loved ones by separating the wheat from the chaff in my collection while I'm still here. Then my loved ones don't have to deal with thousands of items when I'm gone...which leads to simply selling in bulk at 1/2 value. As we get to that point in our lives, it is the perfect opportunity to refine and narrow down our collections to the items we really appreciate and want to pass down. |
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Pillar of the Community
United States
4846 Posts |
I am a vest pocket dealer and find that the best strategy when selling to dealers is to offer my slabbed coins at 10% back of greysheet bid. I do this when selling through other sources would net me less profit after fees. The coins tend to be coins that have a wholesale-retail spread less than what is typical(or rarely, negative). I'm kind of taking advantage of the dealers who rely solely on TPG grades and greysheet. Otherwise, my go-to selling place is reddit. The coins4sale and pmsforsale subreddits have a very active userbase and pay strong prices, especially for metals. The only downside is that it can be incredibly risky. There's absolutely zero protections for both buyers and sellers. Usually first time sellers are expected to ship the item before receiving payment. |
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Replies: 10 / Views: 1,487 |
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Posted 09/07/2021 3:02 pm
