Posted 02/19/2009 09:33 am
Selling to a dealer will be the fastest route, but not necessarily the most profitable.
Remember dealers have to make a profit and cover their overhead.
So they will obviously buy at a discount depending on several factors:
1) If the coin set has a quick turn around they pay more.
2) The cost of the item. A low cost coin (under $10.00) is heavily discounted (sometimes more than 50%). A high value coin worth several hundred dollars is discounted less (maybe only 10%)
3) If the coin is certified by a major organization, this adds value.
Charlton has two types of books in print:
1) "Charlton Standard Catalogue" price listings of dealers will charge for coins.
2) "Standard Coin Guide" price listings of what prices dealers pay for coins.
I would get a hold of the second book and this would give you an idea of what dealers pay. The first book goes into coin details and retails typically for $20.00, the second book just has dealer price offerings and sells typically for $8.00
I would be tempted to say, list a few items on ebay and let the market decide. But remember ebay can claw back easily up to 25% in listing, final value and Paypal transaction fees.
Remember dealers have to make a profit and cover their overhead.
So they will obviously buy at a discount depending on several factors:
1) If the coin set has a quick turn around they pay more.
2) The cost of the item. A low cost coin (under $10.00) is heavily discounted (sometimes more than 50%). A high value coin worth several hundred dollars is discounted less (maybe only 10%)
3) If the coin is certified by a major organization, this adds value.
Charlton has two types of books in print:
1) "Charlton Standard Catalogue" price listings of dealers will charge for coins.
2) "Standard Coin Guide" price listings of what prices dealers pay for coins.
I would get a hold of the second book and this would give you an idea of what dealers pay. The first book goes into coin details and retails typically for $20.00, the second book just has dealer price offerings and sells typically for $8.00
I would be tempted to say, list a few items on ebay and let the market decide. But remember ebay can claw back easily up to 25% in listing, final value and Paypal transaction fees.
