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 Replies: 22 / Views: 2,840 |
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Pillar of the Community
United States
629 Posts |
What in your opinion is the best way to sell your coins?
And when you do sell them, realistically, what % of trends do you think that you would get for them?
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Pillar of the Community
United States
3345 Posts |
I have only sold a few, but in small lots. I think people like the fact they are getting a couple of different things in one.
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Valued Member
Canada
371 Posts |
It depends on what the coins are... if they are common, you might consider selling them in small lots. However, if you have rare, key dates, it is probably best to sell them individually, as collectors may only need that one coin to complete a set.
For common coins, I would expect around 80% of trends, and for rarer coins maybe 85-95%.
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Pillar of the Community
Canada
1923 Posts |
When I sell something that I consider common I think 60-70% of trends is a good starting point and for something rare I would ask 100-110% of trends. If your going to a dealer they usually start at 40-50% or lower of trends as so they have a margin to try and make a profit with.
But then again I really don't sell a hole lot of coins I only hoard them but if I did I would try to sell the way I mentioned.
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Pillar of the Community
 United States
629 Posts |
I am currently in the stage of purchasing coins and not selling. But selling is on my mind. I have offered a few things to my coin club but everyone there acts like a dealer and expects wholesale pricing. I am like most collectors I think in that I have series of coins. In the series are the key coins and the commons. The commons are in BU or better and the keys are in all sorts of grades. I don't like to hoard junk as it will always be just that. Selling to a dealer is probably the last thing I want to do as they will price my series based on the keys within the set. Selling coins at auction is another possiblity but again, they concentrate on the key coins. Selling to the collector is my best bet of course in that I could use ebay as the way to go after the most people. As a long time collector, I have the advantage of buying silver when it was $5/ounce and being in USA - Canadian is considered foreign to most dealers and not paid attention to when being sold for the most part. Therefore, I am going to make money when I sell my coins it's just that I don't want to just yet. I do feel that I will try to get 50% of trends as a starting bid in an ebay auction. That attracts buyers and if I am not greedy with postage it should gain the best sales dollars. |
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Pillar of the Community
Canada
1442 Posts |
Never, ever, ever sell to a dealer...they're essentially just parasites and rapists... ebay or consigning to a major auction house, with a decent reserve, would be my way to go... |
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Pillar of the Community
United States
1064 Posts |
I wouldn't paint all dealers with such a broad brush. There are plenty of dealers here on CCF, and most seem pretty decent. Rapist is a bit harsh...
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Pillar of the Community
United States
629 Posts |
As coin collectors we all act like dealers at times when we are making a purchase. Selling to each other, we all want the deal. Everything is the same just how deep the pockets are. Honestly, if I could get 75% of trends, I would be a happy man. But some things are not worth me keeping any more like rolls of bu cents - those are paperweights that never seem to realize any premium.
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Valued Member
United States
361 Posts |
If you sell to a dealer (I am not one) you have to understand they need to make money on any coins they buy from you. Selling to collectors is definitely the way to go. I believe ebay gives the best exposure. There are listing, selling and paypal fees to deal with but your coins will each thousands of potential buyers. If you are willing to gamble a bit I would suggest 99 cent starts wiyh no reserve. This gets the most amount of interest and more bids which could drive up the bids quite a bit. These are, of course, just my opinions, |
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Pillar of the Community
United States
629 Posts |
I very much do appreciate your opinion. I do agree that dealers need to make money as they have overhead with their store, insurance, payroll, etc. But in a way they are like car salesman in that the trust factor is very low when you are not a familiar customer.
I am curious to know from other collectors that have sold portions of their collections as what to expect as a fair price as compared to Canadian coin news trends. With my dealings so far with dealers - it's 25% of trends.
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Valued Member
Canada
311 Posts |
With JackB and Colhand1,  . There are a lot of good dealers out there. You must accept one factor, they are there to run a business, if you do not like their shop, then just find another one. I have found a couple of shops that I have dealt with and feel pretty sure that they will not rip me off. |
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Pillar of the Community
Canada
1442 Posts |
Drug dealers have overhead too, and are there only to run a business ;)... Sorry folks...offering 25% of trends to grandma and grandpa because they dont know how to use a computer or can setup an ebay account...is... you can sugarcoat it all you like :). If you love dealers so much, why dont you sell them YOUR collections for 25% of trends huh? ;) Come on...lets see it...put up or... |
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Pillar of the Community
United States
1064 Posts |
I see lots of 'grandpa' types when I go to the local coin shows, and I wish I knew half what they do. Not every 'old' person is stupid, or numismatically-ignorant, and certainly not computer-illiterate. Seniors are a very fast-growing segment of the online community, and I'm guessing most know exactly what they're doing. And yes, we can even set up our own ebay accounts. As far as selling to dealers, I've done that on occasion, and I did a lot better than 25% - at least I think I did, maybe I better get my grandson to check my figures... |
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Pillar of the Community
United States
629 Posts |
Dealers look for the deals just as we look for deals when we make purchases. How many times have you gone into a dealer and shown them a coin that you were interested in selling and their remark to you is "what do you want for it?" If you say an amount they will say that is too much, give you excuses as to why. You know darn well that taking in a series of coins allows them to price the set based on the keys "if they are even aware of the keys" and the balance of the coins are just taken as part of the deal. Anybody who walks into a dealer to sell their coins and doesn't have anything invested in them other than the gas it took to get there can be pretty happy walking out of there with a wad of cash. But we know that an informed person should be able to walk out with a larger wad of cash for the same items.
Be honest - we take advantage of a dealer's lack of knowledge to gain the best deal, day after day. They too take advantage of the person walking in with little or no knowledge of the hobby.
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Pillar of the Community
Canada
1442 Posts |
I've love to know where these mythical "dealers that you can take advantage of", are located :).
I would definitely pay them a visit ;)
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Pillar of the Community
United States
629 Posts |
I travel and it gives me the opportunity to visit dealers all over the USA. Not everywhere am I able to get a real bargin but over the course of many years, I have been able to get my share of fantastic buys. Just last month I bought a complete set of nickels - 1922 to 2008, with both 26's, a 25 in F, 22 and 23 in unc, 47 dot, 64 EWL. Complete set with most coins in XF or better, walked out the door for $122.
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Replies: 22 / Views: 2,840 |
Posted 06/21/2011 1:27 pm
