I decided to sell off my Peace Dollar set. Twenty-two coins. My set was all PCGS/NGC slabbed, AU or better. First I removed the 1921 and the best one of the rest for my Type Set. (I didn't check for varieties if there is such a thing.) Therefore I listed 20 coins on eBay. How did I price them? 1. I looked each one up in the Greysheet. 2. I looked up the 4 most recent sold on eBay that were PCGS/NGC slabbed in the same grade as mine and took an average. 3. I determined how much more that average was than Greysheet (turns out it was about 15%±2% for all except one). 4. I added 15% to the Greysheet value which put my prices neither the highest nor lowest on eBay. 5. I used FREE shipping which was a further price reduction. How did my sales go? Out of the 20 listed on eBay I only have 5 left (75% sold -- so far). And this was in about 1½ months. (I suspect Christmas shopping may have helped too.) And those 5 could go after Christmas once people count up their gift money. I'm happy and it appears my buyers are too.
First - congratulations on your sales. It’s always nice to be able to move on from coins you no longer need or want, so I’m happy for you! Second - I really wish that pricing method was so simple for the coins I typically sell haha….world coins, die varieties, toners… Examples: How do you price a US die variety without a price history because it’s the only graded example, and yours is the highest known example by far? How do you price a world coin that is a Top Pop? How do you price a toner, knowing that the right pattern in the right situation can bring crazy money? Sometimes you just have to make as educated of a guess as you can, and be open to reasonable offers. But I like your system of trying to read the market an determine fair prices.
People were holding money because of the peace/ Morgan release. I think it's been tough selling lately unless you are selling those coins. Nice.
Those releases definitely sparked some extra interest in those series for sure. Pretty good time for people to sell any of those they dont want anymore
You are very correct. Coins with an established pricing history tend to be easier to look up and have an idea at what levels you can make a quick sale. I collect mainly more obscure items and toners which are both harder to price. With toners you either risk it and go the no reserve auction route or price strong and wait for the right offer. With the obscure items, an auction usually results in poor results; fixed price with best offer (and wait out the right buyer) tends to bring the highest return (although it can be a slow process).
