Selling advice for heartbroken collector

Discussion in 'Coin Chat' started by asdfjkl, Dec 27, 2010.

  1. asdfjkl

    asdfjkl New Member

    I'm devastated but I have to sell some coins from my type set to pay CC bills from holiday gifts. Coins range from $200-1000 greysheet, most of the valuable ones PCGS/NGC/ANACS graded with all ANACS being old holders) all of which were selected for quality toning. None of these are marginal examples in the slightest bit, if anything they are good or better for the grade.

    List of coins is here: https://spreadsheets.google.com/pub...WDJDTDhjZ1IzZmRYVHhzOFpJbUE&hl=en&output=html

    I live in Manhattan and was wondering if the NY Numismatics Convention would be a good place to try finding buyers (perhaps selling to dealers there i would net a higher price?)

    I'm under the impression eBay is the wrong way to go between fees and fraud, and that most dealers will give me a low price as they need to maintain their storefronts (although I wonder if the convention would mitigate that), any advice as to how I should go about trying to sell?
     
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Since you live in Manhattan, why don't you give Stack's a call and ask for their opinions. Christine Karstedt is a nice lady.

    Chris
     
  4. gboulton

    gboulton 7070 56.98 pct complete

    http://www.daveramsey.com

    Won't help ya sell the coins. Might help ya not need to in the future. Just a friendly suggestion. :)
     
  5. asdfjkl

    asdfjkl New Member

    Thank you for the suggestion but I would appreciate advice more on track with whether the numismatics convention is a good place for me to try and sell or not.
     
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    High grade stuff, I would say yes! More people come to these places to buy the rare and high end
    Coins i think you would be able to get more out of them there then places like the bay!
     
  7. mark_h

    mark_h Somewhere over the rainbow

    Do you have to sell fast? Check with local dealers - or you might be able to work something out with a seller like 900fine.
     
  8. asdfjkl

    asdfjkl New Member

    Are you saying I could sell to other collectors there, or simply dealers?
     
  9. asdfjkl

    asdfjkl New Member

    It doesn't need to be immediate as I have about a month and a half before the CC payments will come due
     
  10. asdfjkl

    asdfjkl New Member

    Thank you guys for your help by the way!
     
  11. Pilkenton

    Pilkenton almost uncirculated

    Pawn 'em. That way you can get them back.
     
  12. green18

    green18 Unknown member Sweet on Commemorative Coins

    You talkin' about the show at the Waldorf Astoria? If so, that's a mostly world/ancient coin event. Not much in the way of US stuff there and if anything, I think you might get low balled at that show.
     
  13. asdfjkl

    asdfjkl New Member

    Any other advice for Manhattan (other than dealers) then? Are there any coin clubs I might try advertising to?
     
  14. vnickels

    vnickels Matt Draiss Numismatics & Galleries

    The NYC show is only foreign.
     
  15. hiho

    hiho off to work we go

    Absolutely right, this is the premiere NYC World/Ancient show with all of the big dealers from Europe, South America and Asia and they have very little interest in US material. The US dealers and buyers are all at the FUN show in Florida I believe.

    I would contact Stacks on 57th Street or sell to US buyers only on eBay. Most eBay fraud involves shipping to foreign countries, however if you restrict bidders to US residents it's very simple to ship and quite safe. Just take good photos and describe the coins honestly. From the time that you list an auction on eBay you will have money in your Paypal account in about eight days. Then you can transfer the funds to your checking account and pay your bills.

    The combined 12% in eBay and Paypal fees stings but it is the cost of doing business these days.

    Or you could list the coins for set prices on coin forums, including this one, for free. You will still need good photos...:thumb:
     
  16. asdfjkl

    asdfjkl New Member

    Is that the "Open" section here? I will definitely try that once I get ten posts. That said, does anyone know of coin collecting groups in Manhattan I could try contacting? With 4 million people I imagine there must be at least a few (although Google came up with none)
     
  17. blu62vette

    blu62vette Member

    You can also try the classified section here or BST on PCGS forum. Free and a good place to start.
     
  18. GDJMSP

    GDJMSP Numismatist Moderator

    That's because there but few coin dealers in New York City. Quite honestly, Stacks is your best bet close to you. Other than that there are many trustworthy dealers all over the country you can contact. But you'll get no offers until they see the coins in hand. You'd have to ship the coins to them, easy enough to do. Then they will contact you with an offer that you either accept or reject. If you reject, they'll send the coins back to you. If you accept, they'll send you a check.
     
  19. asdfjkl

    asdfjkl New Member

  20. asdfjkl

    asdfjkl New Member

    That sounds like a very risky proposition between the dealer and the mail, and I'd have to pay shipping both ways presumably. Do sales on these forums predominantly focus on moving stock at greysheet? (I can't yet see the open forum so I have no way of knowing yet)
     
  21. asdfjkl

    asdfjkl New Member

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