As a new member this is probably an old question but? I have just decided to sell my collection(which I have had for 5o years or so) and I am very confused as to what price I should look for as a fair price?I know the dealer has to make money to resell it, but I do not want to be taken advantage of either.There are red & blue books, grey sheet magazines/ internet prices. evry one is different. I do not have the individual pricey coins. My collection is old silver dollars,halfs /quarters & dimes & pennies.I also have many proof sets (also some foreign) help if you can?
Selling your coins directly to a dealer is usually the least advantageous method for you as the seller. Obviously, a dealer has to be able to make money on it to cover overhead and it also has to be items that a dealer can move realtively quickly instead of sitting in a case for years and tying up inventory funds. Most dealers will usually pay about 30% in back of Greysheet bid for common items and even less if they do not have much interest. High demand items tend to bring the best prices since a dealer may already have a buyer waiting on that particular coin= easy resale. A few dealers will also use Bluebook prices which are supposed to represent wholesale prices while the RedBook is supposed to represent full retail prices. An online value resource you can also use would be Numismedia When I am selling coins, I usually use a blend of Greysheet and Numismedia pricing.
Many collectors do best by selling their coins directly to other collectors but if you do not have the time and resources or are not internet savvy, then that can be a daunting task. Some collectors will also consign their coins to a dealer for a percentage of the final price. This works well for both collector and dealer since the dealer does not tie up money in inventory and the collector tends to get more money than selling them outright but without all the work of selling the coins themselves. I know that you are new here but I just thought that I would mention that the owners of the forum sell consigned coins on Ebay- they are truly pros at selling and can be absolutely trusted http://myworld.ebay.com/bobby131313...FSX:SELLERID
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