The highest priced auction ever.

I used to deal through craigslist a lot. It takes time to move coins through it, but usually I can get a fair price when selling. People are always scouring to find those deals where somebody is selling their collection they inherited and are asking for offers.

Over a year I got 50 silver quarters at 20x face when silver was at 35x
One deal where I got a bunch of silver at half of melt price and sold one of the morgans (1896-O) to cover all $200 I spent.

 

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It depends on if you're selling coins worth only melt or have collectible value and would grade MS.

Most ads I see on my local craigslist are for melt value coins, in lots of 1 roll. Those are gone usually within a day, two at the most.

The ones I see up for longer periods of time are the collectible value coins, i.e. slabbed and graded MS. Those don't move very fast.

 

That's true you can, but I prefer to look for the better material that ISN'T bullion related since it often attracts less attention while everyone is fixated on the PM stuff.

One of the best local auctions I ever attended had a bunch of 90%, silver dollars (mostly common but a few better pieces), a BUNCH of two dollar bills (mostly 63 and 76 series stuff), and a smattering of other items. The 90% sold well, the silver dollars went high. They had problem getting face value for the most of the two dollar bills. I bought one lot out of the twos, the only lot of older ones. For $20 I got eight notes 1928, 28A, 28B, 28C, 28D, 28E, 28F, and 28G. The 28A is a better note and the 28B was a VF that listed at over $200 at the time. I also bought a lot of miscellaneous stuff that came up between two big lots of silver. Nobody cared about some worn type coins and a low grade large cent, bring on the next lot of silver! So for $150 I got some junk type and a G-4 S-11c 1793 wreath cent.

Yes you can BUT that is the hammer price. Once you pay the auctioneer his commission you may find you would have done better selling to a dealer.

 

I just attended one of these estate auctions this past weekend. I go to these frequently. You can get some bargains, depending on what you're looking for. I went for one particular coin in the lot. Like always, common date Morgans were going for $40-45 each. Bags of smaller junk silver (quarters, dimes) went for right around melt. I managed to pick up an '09 S Lincoln cent in VF (the one coin I went to get) for $100.