Reality vs Value

I have a question and if it’s not allowed please remove the post and not me.

I know I won’t make a fortune, but every little bit helps, right? So what can you realistically expect to get from a coins value? Say if it’s “listed” or “valued” at $3,000, what will the seller actually realize?

Also, where do you sell them? I was thinking of consigning to local auction houses or is that a bad idea? eBay scares me and I honestly don’t know what to do here. What has been your experience?

I hope I made sense. Thanks for any help.

 

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It will depend on the interest level by buyers for your item(s) you try to sell.

Also, you may sell for exactly the value listed to the right buyer, and sell at a discount other items because bargain hunters always want the “best” price.

Try posting here on Coin Talk. You will get great exposure and more honest buyers…just know and follow the rules of BST in relation to your membership level…imo…Spark

 

Man... There a a hundred ways to go with this. And the only place to begin is knowing where you got your value from. If it came from the Redbook, that is a "pie in the sky" value. Not realistic at all. The Redbook is the go-to source for us coin junkies, but not a good measure of value at all. I bounce between auction results and the PCGS price guide myself and try to make my judgment from there. In the end, a coin is worth what somebody will pay for it. I recently bought a $500.00 coin at auction that nobody else wanted. I was willing to go as high as $650.00 because it was a piece I really, really wanted. Others scoffed because it had a bad label.... One man's trash is another's treasure..... That's about the best I can help with. I don't sell coins so I wouldn't be able to help much with that question.

 

What exactly do you want to consign?

The responses from the other members have been great. But if it's not worth it then don't even bother. Don't compare anything to stuff sold on eBay or Etsy. They are ludicrous!

 

Thank you so much! I’ll check it out. Have you sold there before?

 

Thank you for your response! Three of the four I have are graded.

 

I have several mint and proof sets but also the ones I’m particularly thinking about were graded by PCS and NNC. But I know nothing about grading companies either.

 

Can I post the coins in question here for reference or no? I bought them at auction.

 

ouch...The "big four" grading companies are PCGS, NGC, ANACS, and ICG. Others are viewed with varying amounts of suspicion.

 

Hi Mimi, wondering if you are "Mimi" with the lotus from several years ? I was a moderator then and several members wondered what happened to you. If so, Welcome back , if not Welcome!!!!! Jim

 

Ouch. Basement slabbers. It's PROBABLY the coin the label says. It's very likely overgraded by 3, 4, or even 5 grades, if it's not counterfeit or damaged.

 

Usta be "buy 'em @ Red Book, Sell 'em @ Blue Book!"

 

Yes you can post the coins in question. Please post full sized photos of both sides.

 

And the daily newspaper had subscribers and real ads.

 

Yes. And I found the interest level in the most appropriate forum to be critical.
A foreign gold post to sell got crickets while melt silver had multiple responses.
You won’t know until you post. You must allow private messaging since that is how sale instructions are normally received. You may also get requests for additional photos or coin info…Spark

 

I'm curious to see these coins in question.

 

Figures. Thanks for the heads up.

 

But show them to us anyway. Its possible that they are nice coins, only with exaggerated grades. I've got a couple of those myself - Washington quarters from a basement slabber labelled MS-70 (!) but are realistically MS-65 or at worst MS-63. (I didn't pay MS-70 money for them so its ok). You may be in the same boat!