huntsman53

Hey CoinTalk Folk,

I am in need of some serious advice and opinions on selling off some of my error coins as I need to reduce my inventory and recoup some of my investment! I recently purchased almost the entire inventory of error coins from a nearby Error Coin Reseacher/Coin Dealer which was well over 300 coins. All but a couple of the coins are high BU's and Proofs, many are recent new finds by Ben which are now included in Wexler's files and quite a few of these are in their' original submission 2x2's with notations on them by Wexler himself. With this purchase from Ben, my inventory of 2x2'd and attributed error coins which includes previous purchases and my own finds, now comes to around 500. There are Cents (Flying Eagle, Indian, Lincoln Wheat & Lincoln Memorial), Nickels (Buffalo & Jefferson), Dimes (Barber, Mercury & Roosevelt), Quarters (Washington Silver & Clad) and Half Doillars (Walking Liberty, Franklin & Kennedy Silver and Clad). About a quarter of the coins are Proofs while the remainder are Business Strike coins. The errors mainly consist of DDO's, DDR's, RPD's & RPM,s, although I have quite a few other types of errors including Strike Throughs, Off-Centers, Broadstrikes, Clipped Planchets, Lamination Errors and others. I also have well over a thousand other Error Coins that I have found and just placed in bags, since I have not had time to catalog, 2x2 and attribute them.

Since some of the Error Coins such as some of the Cent, Nickel and Dime Errors may only fetch $3 to $6 each and others $5 to $10 each, it would not be cost effective to sell these individually on eBay or another site where fees are incurred. Also since I receive most of my payments for the items through PayPal, the additional fees incurred may sometimes outway (cost me more) than what and individual coin sells for at auction. Even with some of the higher valued Error Coins, the fees incurred would not be cost effective in any return on the coins!

What would you do about selling the coins, how would you go about it? Should I sell 5 or 10 or even more in a lot? Since my' Digital Camera does not take very good close-up pictures and the fees go up with the addition of every pictures included, can I get away with providing 2 to 3 very clear pictures which clearly shows all of the coins in the low but also shows the attribution on the 2x2's? I was advised to see what some of the big Web Coin Dealers such as Roger's Coins, Ken Potter, Mike Byers and others would offer for the coins but I resist doing so. Why should I let them jack the prices up on the coins and make all of the profit off of my work and investments!

Please respond as I really need some good advice and opinions!


Thanks...The Other, Other Frank