I am trying to cull my collection to start in a new direction of collecting certified old gold, so I called my local coin shop ( who I've done business with before) to get an idea of what some of my coins would be worth should he purchase them. "96 unc. Community Service-$140. '06 20th ann SAE set-$288. "82-'84 GSA morgans, $140 ea. Before I go in there tomorrow and sell, my question is this: am I getting hosed?, or should I put em on the bay? These are prices he quoted me live over the phone @4:50 p.m. in Mesa, Az. Is this what the greysheet says? He told me he is basically paying 10-15% back of bid. Any thoughts?
"96 unc. Community Service-$140. '06 20th ann SAE set-$288. "82-'84 GSA morgans, $140 ea The 20th ann. set needs to sell on Ebay. I would take the chance with the 96 UNC community service on Ebay despite no 30 day Raw recent sales on Ebay. The GSA Morgans I have no idea about.
ALF, GO WEST YOUNG MAN to eBay and you will get much better prices! If $288 is even 10% to 15% back of bid for a 2006 ASE Set, then he must be looking at a 2005 Greysheet or smoking too much of his own product! Frank
ALF why not sell me your stuff if you are going to use throw away prices and dont forget the early dollaes while ur at it.
That's what I thought too, I've reduced my collection down to the creme de la creme and I'm not going to let him take advantage of the fact that, even though I want to liquidate what's left, I'm not going to take these buy prices lying down.
ALF, I would never sell that 20th ASE set to him. God, I've almost spent as much just for the reverse proof. One of these days I will pick one up at the right price - I hope ... Good Luck
Those are very low prices for the GSA dollars, assuming they are in good condition. Those are cmmon dates, but most places sell them for $180-$200. I'd go with ebay for those also. You didn't say if they were in holders that say "Uncirculated". Those go for a bit more.
Yes they are the raw GSA Morgan's in perfect boxes and coa's. Hey guys, I'm not a fool, I've been collecting coins for 30+ years. I appreciate all the comments and please keep them coming as far as this thread will go. I guess that I'm a little apprehensive about selling and going through all the b.s. of selling on Ebay. Never done it before. If anyone has some sound advice about getting started, I'm all ears. Again I appreciate you guys listening.
Yes, most dealers do sell them for around that. But they do not buy them for that much. Otherwise they could not sell them for that much. $140 - $150 is what almost any dealer would offer for '82, '83 & '84 GSA Morgans. It is a fair price.
Alf if you wish to sell your stuff and maximize what you get - you need to sell to private individuals. They will pay close to retail. Dealers will not, they could not stay in business if they did. But I would not suggest ebay either. You have no ebay record, you will be an unknown and your coins would not bring good prices there because of that.
You're right GD, I have no history on Ebay(as far as selling) but I have bought there a few times. I'm gonna have to think this over.
could you post them here in the open forum? memebers here might be looking for what you have ... might i suggest you post a list of what you are looking to sell, with an asking price. Then ask intested members to PM you if intersted. I have never done it, but have answered a few ad's there. You would have to do some research into how much they are going for, and what you are willing to seel them at ... just an option!
If you can take good pictures...five words: You can do better --> eBay. If you can't....two words and one URL: eBay consignment & http://www.consign4sale.com/ I've also had great success buying (and very recently selling) via forums, and the overhead is much less. While I will always appreciate working with professional dealers and online auctions, I find collector-to-collector transactions somehow far more satisfying. Almost like when you give away a pet, I think most collectors want their coins to find a good home. The only reason I would take that deal is if I were pressed for time. As your move is voluntary, I wouldn't suggest doing it that way, particularly if the amount of money is significant to you. Good luck...Mike
I sold four 2006 20th anniversary sets to a dealer in the spring. They were ngc Pf69/MS69, one set was in a multiholder. They paid me $400.00 a set, and $450.00 for the multiholder set. I'm sure yours would grade at least a Pf69/MS 69. The reverse proof in Pf69 grade alone has been selling for what he's offering for the whole set. If the set is mint sealed it would command a premium price.
Ungraded the 2006 set probably is selling for around $340.00. So maybe his price is'nt bad, for a dealer price anyway. You won't have any Ebay fees to pay either! Plus, you'll be helping your local dealer to stay in business.
I don't think the prices offered were unfair. They were wholesale offers, but not unfair. For the common GSAs, the most the top wholesale dealers generally pay is $170. Plus, generic GSAs are a bit slow right now. We had a few commons on our site for $185 retail with the box and papers and they did not sell for over a month. As for modern commens, you cannot get close to greysheet levels for them on a wholesale basis. They are slow sellers and most dealers do not want to stock them. It is not uncommon to see dealers offering 30% back of sheet for modern commems. The top wholesale dealers are only pay 10% back of greysheet bid and most other dealers gladly dump their modern commems at that number.
I would sell them to the dealer. Ebay is fraught with danger for a first time seller. Sometimes the risk pays off, sometimes not. What will you do if the buyer complains and wants a refund? What will you do if the buyer sends back a different coin? What will you do if the auction price is very very low for some reason? What will you do if you mail the coin and the buyer claims not to have received it? Maybe the dealer will give you a bit of a deal buying the gold you want if you sell him the other coins for the price he offered. Establishing a good relationship with a dealer can save you a lot of grief and some money.
