I have a 10$ Gold Indian 1932 MS63 that I want to sell. Where is the better decision to sell fee bay, craigslist or the local coin dealer?
I'd say local coin dealer. eBay, like you said, has extremely high fees. Craigslist there's too big of a chance to be robbed or something else bad. Dan
Last I saw, CDN Greysheet bid $1030, ask $1090 Don't settle for less. Indian $10s are *always* popular; they always sell.
APMEX current "Buy" price on PCGS MS63 $10 Indians is $1,095. NGC coins will bring close to that much at APMEX. No risk and all you have to do is call for a quote. Who slabbed it? http://www.apmex.com/Product/12919/1000_Indians_MS_63___PCGS_ONLY.aspx
Sell it in the appro. section area here on Cointalk. I have purchased from members here. It has been a good experience - hands down.
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For what its worth (my research that is) PCGS.com lists it at $1,475 that is, if it were graded by them at MS63. I have never tried it but I know that Heritage Auctions might fetch you a better price than ebay, craig's list which as someone already mentioned isn't the safest. H.A. does it on consignment. http://www.ha.com/c/index.zx
List it on eBay for free at a price that will let you absorb the 9% final value fee and don't forget the 3% that Paypal will also charge. (If it doesn't sell you will owe eBay nothing.) Only sell to US buyers unless you enjoy extra paperwork and customs forms. Heritage is a great company but they will charge 15% and they usually have a minimum of about $6000. I would make you an offer but my house needs a new roof and I have to come up with $6000 by next week. Ouch...
Not so, there is no minimum at Heritage. They have venues for just about any coins. And the BUYER pays 15% on most auctions, not the seller, who typically pays 5%. But Heritage also has gold auctions where there is no buyer's fee. I would consign it to Heritage.
Uhhh, yes there is. Even 10 years ago they had a minimum consignment value of $1,000; today it is $5,000 I believe.
Always remember... coins aren't commodities. Yes, gold coins are often traded in bulk sorta like commodities, but one almost always winds up with "C" coins - weak for the grade. MS63s will tend to be mediocre luster and strike, with significant bagginess. Also, the $1095 price is for the mega-common dates. For $10 Indians, that's 1932 and 1926 respectively. If one looks at TPG census reports, one finds that certified $10 Indians are very heavily skewed towards those two dates. In MS64, there are far, far more 1926s and 1932s than all other dates combined - by a very wide margin. For that reason, it is wise to get any other date, as the prices don't jump all that much, considering the populations.
