Error coins and selling

Discussion in 'Error Coins' started by MatrixMP-9, Nov 28, 2019.

  1. MatrixMP-9

    MatrixMP-9 Well-Known Member

    I collected baseball cards years ago and learned quick that the value in a Beckett price guide was useless when it came to selling. Ive never tried to sell an error/variety and probably wont anytime soon because I just dont have anything of significant value yet. But the subject got me thinking. I see these "coins and gold" places all around town and think the vast majority are just buying gold and precious metals and would have zero interest in something like a lower value verified doubled die. Most probably wouldnt even know what to do with it around here. I do see some "coin" shops I would think might be more promising but its hard to tell and calling them....well....I can just imagine some grumpy dude who gets 10 calls a day from people trying to sell garbage.

    What is your suggestion when it comes time for legitimate errors and varieties? How do you do it? Clearly you guys with shops do it the best way but outside of that? What kind of results have you seen too??? 80% of value or like half???
     
    Bargainbidder likes this.
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  3. JCro57

    JCro57 Making Errors Great Again

    depends on the error type
     
    Bargainbidder and Heavymetal like this.
  4. MatrixMP-9

    MatrixMP-9 Well-Known Member

    Depending on the error type would make you use different methods of selling in your experience? What about for example a listed DDO from 1940 that shows a value of say $125 on variety vista in average condition? Would that be a good Ebay coin? Im only trying to gather ideas of what you guys typically do.
     
    Bargainbidder likes this.
  5. Bargainbidder

    Bargainbidder Well-Known Member

    Wouldn't it depend on how one came in possession of the coin MatrixMP? To me if coin was found in pocket change 80% of $125 would be a fantastic profit for me. If I had purchased it at a coin shop then factors of the market would determine profit. But that's just my opinion.
     
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