Ideas on ways to sale a collection

Discussion in 'Coin Chat' started by icollectoldmoney, Mar 1, 2015.

  1. Markus1959

    Markus1959 Well-Known Member

    Horribly truthful!! Been there, done that - hid my huge collection with my parents!!
     
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  3. davidh

    davidh soloist gnomic

    There's no reason to be hateful to the poster. He had a legitimate question, the answer to which he didn't have, or get. If he knew what he is doing he wouldn't have asked for help.

    It's not possible for us to give a reasonable answer not knowing the actual dates and conditions of each coin. You can check PCGS Photograde at https://www.google.com/#q=pcgs+photograde to determine condition. Then go to the PCGS price guide at http://www.pcgs.com/prices/ to get values (these are dealer selling values, not near what you might get). Or you can buy a book showing values for the coins you have. That way you have an idea of whether any are actually worth the effort of marketing. You may find that they're really only worth a little more than face value. If there are any that you think might really be of interest to others you might try ebay. It's really not much work and it's even a little fun. If some of your more common coins are worth only 2-3 times face value (according to the book you bought) you're probably just as well off spending them. If your aim is to sell these and get some that you really want to keep, take them to a dealer and see what kind of deal you can make. You might not get the value you expect but to get what you want you might just a well cut your losses and move on.
     
  4. saltysam-1

    saltysam-1 Junior Member

    A tough sell. These would only appeal to young and new collectors. Like yourself, they usually don't have money to buy coins when just starting a collection. Saving them from occasional pocket change is more affordable. Your only coins of substance are the Indian Heads and V nickels. Take what you can from a dealer on these, or try several dealers if you have that option. You can't afford to advertise them nor pay fees to sell them. You would loose too much of your profit, (If any). The dimes, quarters, halves and dollar coins are just plain spenders, regardless if they look nice. You could find enough in rolls, even-up from the bank, if you don't mind putting in the time. See if you can sell the rest at a coin club meeting, if they would even let you do that. Usually only members can sell or trade among themselves. Maybe your Dad would buy the balance and put them away until your his age, then see if any have become collectible. Your whole lot is worth $15.05 at face value. If common and worn, and if you can make $10-$20 total on the Indian Heads and V nickels, take the money and run. Otherwise you will waste a lot of your time in an effort to liquidate them. Common and worn anything does not have a great return to it.
     
    Last edited: Mar 2, 2015
  5. GDJMSP

    GDJMSP Numismatist Moderator

    Then please read the forum rules regarding how you are permitted to do that - and NOT do that.
     
  6. philo

    philo New Member

    So the 50s, 60s, 70s, 80s, 90s, and 2000s... so, a long and complicated way to say 1950-present? ;)
     
  7. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    well i made $40 dollars on the coins did i do good or did i loose money just wondering.
     
  8. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    Maybe you should post a few example pictures so people can look at them and give you opinions as what to sell and what to simply spend.
     
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