Different places to efficiently sell your ancient coins?

Where do most of you sell your ancient coins? I don't think there is enough activity for ancient coins in the "For Sale" section in this forum, I'm trying to free up some coins in my collection for some big purchases (posted a listing) but selling on this forum for ancients hasn't been efficient enough.

Any suggestions on where I should look to for selling ancient coins?

Do some of you also sell a batch of coins to auction/retail dealers as well?

 

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eBay is a crapshoot. You have people like myself who offer excellent prices and great pictures and accurate descriptions.
A XF+ Gallienus ant I would offer for $15-20, and take 8 months to sell.

meanwhile, an unnamed seller takes awful pics, misleading titles “TAG SAYS EF!!,” etc. Auctions at $0.99. XF+ Gallienus ant auctions to $30-50.

I don’t understand why, or how.

 

Almost all of my buying and selling is done on Facebook these days. There are very large groups on there, some of which are very specialised

 

Great, I will take a look becuase eBay doesn't seem very appealing for raw coins, maybe slabbed coins.

 

I sell "raw" ancient coins on eBay every week; and have done so for about 20 years with no problems. It's a great venue for collector grade coins. For higher grade, more valuable, try consignment with a dealer or auction firm.

 

I have had some luck sending my coins to auction with some auction firms primarily CNG. The one issue that I have with this firm is that while on the whole you will do well in their auctions their auction will be not so good if the coins are of relatively low value. The reason is that their fees can be relatively steep compared to some other firms and anything they deem to be of low value will be consigned to a bulk lot. So if a coin dies or the bulk lot does poorly, your return can be rather small. I would suggest that at the minimum the coin that you send in should have a value of at LEAST $100. Because.... if they put the coin out at $100 and it gets one (1) bid the result is that you get $60 minus the fees. This has happened to me more than once. Having said that I have done well with CNG. On at least three occasions I had to send a group of coins accompanied by an insurance value. This evaluation essentially meant that if the coins were lost in transit I would get paid. On all three occasions despite some coins dying in spectacular fashion I always made a lot more than what I would have gotten if the coins had been taken. In at least one case double
That brings me to my final point. SOME coins will DIE! some will do well. If you are careful and realistic about the value of your coins you send off you should do well.

 

Dare I suggest numisforums the site started by some disgruntled CT members. I intended to check there periodically but really haven't. From knowledgeable people, how is it going there?

 

Hi,
I’m new ! Almost shiney….
I have what I believe to be an ancient Hebrew? Coin. Can anyone help me to identify it and possibly value.
Frank

 

You need to start a new thread and post photos to get answers. Welcome to CT.

 

Sorry but can you link some of the biggest groups on Facebook Marketplace for buying/selling ancients?

 

Well, I found this group so far,

https://www.facebook.com/groups/coinmarketplace/

 

It depends on what kind of coins you want to buy and sell. These are the ancient coins ones I'm a member of but there are more. Almost any group on a particular topic will have sales posts. The last one on the list (Ancient & Medieval Coins Sales) is used to host the sales of the parent group (Ancient & Medieval Coins).

Celtic coins: https://www.facebook.com/groups/2375591872472089
Roman Coins UK: https://www.facebook.com/groups/551753731858066
Hammered / Roman coins and medieval artifacts: https://www.facebook.com/groups/877198646118736/
Ancient & Medieval Coins Sales: https://www.facebook.com/groups/ancientsales/

 

The facebook ancient and medieval coin sales forum on facebook appears to quite active, though I have never bought anything there. Prices for desirable coins tend to be a bit less than CNG or Leu

 

I'm over there frequently, and have sold a few coins through "The Cabinet", as the B/S/T section is called. I'd say it's about the same here as far as traffic goes - fairly slow. But there's a lot of discussion activity, and it's still a fairly new site, so I imagine the pace will continue to increase in the future.

 

I usually list on eBay, Cointalk and Facebook and I've had good luck though patience is needed. On eBay in particular I will usually list for a decent bit above the price I want and add the "best offer" option, and set eBay to accept the price I want automatically, whereas on Cointalk or Facebook I usually list closer to what I'd actually like to get and ask buyers to use payment methods that minimize fees. Also admittedly on eBay the coins I sell are usually a good bit more expensive than the same coins listed on Cointalk or Facebook because of higher fees and the fact that eBay tends to side with buyers no matter what, which makes it much easier for sellers to get scammed or forced to accept a return for silly reasons like "I realized two weeks later I bid too much", which happened on one of my earlier sales(and my last auction listing).

 

There is enough activity there to make daily visits worthwhile. I also think I'm seeing fewer people from there coming back over here and vice versa. Thankfully, I haven't seen much, or really any, overt bashing in either place. Yet, to me, both sites feel a little incomplete compared to the the "old days" (for those not into ancients, it may make no difference). I pretty much missed what triggered the schism (though I think I know retroactively), so I logged in one day and the world had changed. But I guess it's the new reality. We'll see if time changes anything.

 

I have not sold many ancient coins, but I have sold a lot of US coins and I believe the options are about the same. I did an analysis once on another forum showing the return from various venues. The “best” option though depends on: 1) the value of the individual coin and the total value of the collection being sold, 2) how much work you want to put in, and 3) how long you are willing to wait.