What else would sell good.

Going to consign some stuff at that auction where stuff sold higher than ****. I bought 40 IH cents for 70 cents each. They are worn but so were the ones they sold. They sold for $2 each, so $1.30 ea is a good profit.

What else would be a good seller over there?

 

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We weren't there how could we know what will sell good at your local auction

 

Basically stuff that would really gain the interest of some newbie.

 

Whatever you're excited by!

 

LOL I was going to say the same thing!

 

Keep in mind that by consigning these coins to an auction house, you will pay a percentage of the hammer price in fees. At 25-35% (typical in my neck o' the woods), you'll make less than what you think.

 

Being at an auction, and guessing there are a lot of non-serious coin collectors, I would try selling dateless buffalo nickels, or birth year sets. Many people might also be interested in proof sets from their birth year, which might seem very cheap at current market prices to the general public.

 

I see your mood is "cheerful." You'd never guess it by this post.

 

Aren't you the same guy who complained about coin prices rising due to "greed"?

 

Go to your local coin club and see what kind of auction they have going on. Their consignment fees might be as low as 5%. Most of this stuff will be junk. There might be a few nice coins, but most of it has been on the auction block for months and months. I would consign slabbed coins. Something nice that will stick out among the other coins. When people get their pre-auction list they will already have that coin in mind. This could set off a bidding war. Another thing that I've spotted cause a bidding war is old price-guides from the 40's-50's.

 

Yes, he is! He wants to play both sides of the coin. Could tell right from his very first post.

 

My local auction sold some proof sets, that I bought for 5 bucks last month, for $15. I'm considering selling rolls of bicentennial halves.

 

He's been famous for these types of posts in another forum.

 

Factor in the cost of the commission to the auction house. Also consider the possibility the auctioneer may just lump your coins into one lot due to time restrictions. That can happen and it's up to the discretion of the auctioneer. Your coins could sell for a lot less than you anticipate.

Every auction is different. At one auction, I brought in several boxes of 1970's gaudy wallpaper I pulled from a storage locker. I was told they would probably sell for about a dollar a roll. To my amazement, a feeding frenzy started and the wallpaper sold for $10-$20 a roll! Super stoked, I put another dozen boxes into the next auction. Not one sold and they all wound up in the dumpster.

Stick with learning about coins for now. People who play the auction game have been doing this for years.

Without knowledge about how to buy and sell and what to buy and sell, you will get burned and you won't like it.

 

That is exactly right. I put on a 500-600 lot auction a month. One auction may do really well and another may not do well at all. There are times certain coins do well and the very next auction at the same location they get killed. When it comes to consigning at auction you really need to look at the big picture when consigning... things like total investment versus total return and look at your profits that way. Breaking it down into single coins and lots can help you decide what to try next time... but it'll drive you crazy if you try to pick it apart.

 

Get some dusty old mason jars and fill them with pennies. Let a few wheat or 1-2 indian cents show on the outside. It seems to work for Ebay sellers.

 

How does a seller get burned?

 

Only because there are stupid buyers out there..

 

Our little buddy has purchased coins that he is going to put into auction. If, after commission, he takes home less than he paid for the batch, well....