Hello Group, I just joined CoinTalk and I'm looking forward to participating. I've been getting back into collecting after many years away. For now, I'm a low-dollar hobbyist only. Initially, I've been interested in buying and hunting through OBW rolls of modern cents and nickels, 50's and 60's mostly with some 70's and 80's also. As I teach myself to grade, I am building a small "horde" of what I believe to be MS 65 - MS 68 coins, some that I will keep in my collection, and some of which I would like to sell if possible, to provide funds to make more purchases and keep adding more dates to the collection. I check prices on NGC and various auction sites and the prices for many of these are listed in the $15 to $30 range, but of course it makes no sense to slab these, to confirm the grade, at those prices. I posted some on eBay, but I was also reading here on this site earlier, about some of the pitfalls of that venue. Although I don't expect to reap slabbed prices, I would like to get a fair price for the better grades. I guess part of my question should also be; where might I find a resource for accurately pricing this category of coin, in raw condition? Any suggestions on where to sell some of these at fair prices? Thanks! Gary
Welcome to the forum. Always nice to see new faces. As to the question in the title, eBay is probably you best bet. Despite it's pitfalls, for common modern coins, 9/10 or more, you will get higher prices selling directly to collectors.
Welcome to CT Gary. It may be difficult to sell higher grades for a premium on ebay without having them graded. Most collectors of higher grade moderns collect slabbed coins and if they are not slabbed, you will be competing with people who sell modern coins out of the roll for a few cents profit. I'm not saying that it can't be done, but volume may be better than quality in this instance. You could try to gain a reputation as the high grade moderns guy by having really spectacular images and really nice listings. You may not do as well as you would expect in the beginning (remember that ebay does not allow grades stated in the listing if it is not graded by an approved third party grader) but if you get a good reputation by collectors, it just may work. Not much to loose if you are picking them out of rolls anyway. Good luck.
Thanks much! At least I'm having a lot of fun whilst I learn the ropes. And like you say, my learning curve won't be that costly. It's just that I almost fall in love with some of these sparkling little beauties and after spending countless hours with just me and my loupe, it seems reasonable to get a couple bucks for the best of the roll. But I'm sure 1000's before me have thought the same thing. Anyway, thanks again!
The best advice I can give you about selling these on ebay, is to closely read and follow their guidelines for listing such items, and take good pictures. You will have to be prepared to take a hit on a few of them, and putting a reserve on them will most likely leave you with a lot of unsold items. Reserves tend to scare off potential bidders many times. I would start off with a low opening bid with reasonable shipping, and hope for some bidding wars. It doesn't sound like you have much invested in them, so the occasional losses shouldn't kill you.
