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 Replies: 12 / Views: 1,235 |
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New Member
United Kingdom
17 Posts |
Poll Question
Hi everyone - I am interested in people's views on book prices for coins. After fees from wherever you sell your coins, you walk away with a percentage of book value. What is on average the lowest percent of book value that you would accept for a coin rather than just keep it? This includes fees (so for example I'd normally take 80% of book value, so on ebay I list things for about 95% of book value to account for fees) So my answer would be 80%I know this varies per coin - coins people really don't like they would take a hefty discount compared to coins they like where you would only take full book price for example. I'm only looking for a very rough idea of average that comes to mind to include as data for a project, I don't need to be very scientific about this.
Edited by UoE_Student
04/20/2022 12:23 pm
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Bedrock of the Community
United Kingdom
17905 Posts |
I find this question impossible to answer as it depends so much on the value of the coin. Many very common British coins, like 1936 pennies in VF, may be valued in some catalogues at 50p or £1 but no coin dealer would be likely to buy them at any price. Similarly, a British dealer would be unlikely to buy a 1991 French 2-franc coin, even though it's valued at about 1000 euros in France. On the other hand he might be prepared to pay near book value for something like an 1847 Gothic crown, which is a popular coin and will always find a buyer.
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Pillar of the Community
 Canada
9862 Posts |
Also depends which book.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
United States
7273 Posts |
The topic leaves too much out. like stated above really depends on the item. Common items, I might be happy with 50% or less. A rare hot item, I want Book value and then some.
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Pillar of the Community
United States
3848 Posts |
It depends what I have into it, and the type of coin. If it is a desirable piece, then I don't accept much less than retail. If I have a lot into a coin, than I can't move the price or else it won't be worth my time.
For me to keep a coin that I purchased, it usually has to be a steal of a deal. I don't usually keep coins that I paid a reasonable amount for.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Rest in Peace
United States
18456 Posts |
Yeah there's a lot to take into consideration : rarity ,grade & condition , how badly you need the money , has the coin been on the market for a very long time and as mentioned ; what price book are you going by ?  |
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Pillar of the Community
United States
2049 Posts |
Also depends on the circumstances. Am I desperate for cash or just looking to get rid of something I don't want? Too many variables (including the ones mentioned earlier) to answer this accurately.
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Pillar of the Community
Russian Federation
5172 Posts |
Quote:
Also depends on the circumstances. Am I desperate for cash or just looking to get rid of something I don't want? Too many variables (including the ones mentioned earlier) to answer this accurately.  Overall I hardly ever sell coins in the first place, and most of the coins I'm at all likely to sell tend to be similar to NumisRob's 1936 penny example - if I get as much as 50% book value for them it already means I got a very good deal. But mostly I don't buy coins to sell; it's too much of a hassle anyway. |
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Pillar of the Community
United States
3848 Posts |
I'd expect a seasoned dealer who is buying and selling everyday is going to have a different answer than a collector who buys/accumulates and hardly sells.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Bedrock of the Community
Canada
21590 Posts |
You can't really go by book price, there are too many variants. A good way to see what people are paying for coins is to check the SOLD prices on ebay for a similar coin. This gives you an indication of what people are paying for a coin, not what it is listed at. |
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New Member
 United Kingdom
17 Posts |
Thanks for your answers everyone. Yes I get that it was an odd question and a hard one to answer properly.
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Bedrock of the Community
United States
18649 Posts |
just my opinion but when I think of book value I would apply the combination of PCGS Pricing, Numismedia and ebay sales |
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Pillar of the Community
4628 Posts |
Depends on the coin - if its muck metal and a common date or something I have many of - its a swap or a freebie most of the time.
When I am seriously selling something worth real money (Like a 19th century halfcrown - or even just silver) I want real money. To a friend, maybe 2/3 of retail, even less at times. On Trade me, I would charge 3/4 or 80% and that equates out to 70% when success fees, shipping and my time are factored out.
Melt silver I generally sell at melt.
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Replies: 12 / Views: 1,235 |
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Posted 04/20/2022 1:27 pm
