How much is it worth ? depends on a few things
How long to do want to wait/hold to sell it ?
How/where will you advertise to sell it ?
Who will see it and will anyone want it while your selling it?
Its a error and worth a prem BUT the internet and
ebay have opened up a HUGE market place for others to sell.
15 years ago lets say 1995 , if some one collected errors and wanted one like yours, what would they do ? They would have to go to shows or shops looking for one. If they could could find one or they waited until one came across their path.Then they paid what they could afford to have one in their collection.
FLASH FORWARD 15 YEARS log on
ebay search " nickel error " ones to chose from on any given day with many chances to buy don't see what you want try back in a few weeks until you do.
So take all those things into consideration.
How long ? to who ? how ? when will you sell at what offer?
Right now if it were on
ebay I would predict $20-25 dollars and chances are someone would but it and try to relist it on
ebay in their ebaystore with a "buyitnow" price of $100-$200 with a "makeaoffer" option and it will sit their for months if not years relisted over and over untill one day some one might shoot them a offer of and buy it or they just lower the price to a more realistic price and sell it eventually
You might get lucky and a few collectors bid on it and drive up the price.
My only suggestion is take some nice detailed pics. Pay to list it on
ebay for a 10 day auction.
Post on the coin forums Coin community cointalk what every else you can find in their for sale section with links to your auction. Try to get as much interest as you can in the coin. Then see what happens
Don't be surprised if it sets for days with few/zero bids until the last few minutes of the auction
the timing of the auction is important also. List it to end during the week, when people are home off work.
For example if you list it at 10pm in Florida it will be 6pm in California and chances are more people will be online to bid on the coin all across the country . BUT if you list it to end 9pm in California consider on the east coast it will be 1 am and those buyers might be asleep.
Also consider time of year .
Times like winter/Christmas people seem to be into collectibles more esp when the weather is cold/snowed in. People spent more time doing indoor activities including buying off the Internet because they cant do much outside. Just the way it is.
It happens with everything Try selling a snowmobile in the summer not much interest, try selling a convert car while its snowing out not much interest. For some reason I noticed on the
ebay prices for coins seem to be higher NOV and DEC then drop off toward spring summer but that might just be my opinion .
People might thing I am " getting carried away a Lil with the variables in the market " But companies spend billions a year in advertising and timing products to make the most profit.
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Posted 02/20/2011 9:16 pm
