Coin selling help

Hello cointalk,
I have recently received a 2004 W $10 eagle, graded PF 70 by NGC. I am having a very hard time selling it for a good price. It seems that dealers either lowball me or don't deal in "that kind" of coin, since it is one you very rarely see. I wanted to know if any of you know any trustworthy online dealers, since I want to avoid Ebay fees. Thank you!

 

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List it here.

But IMO it's bullion and would expect bullion money

 

One listed on Ebay for $565.00.
http://www.ebay.com/itm/ws/eBayISAPI.dll?ViewItem&_trksid=p4340.l2557&hash=item3377c6ae9d&item=221052841629&nma=true&pt=Bullion_US&rt=nc&si=2w0AhQ0mxsjbc%252FDMcbeE6eATTsI%253D&orig_cvip=true&rt=nc#ht_1087wt_1037

It didn't sell.
How much do you expect to get?

 

You have to understand:

A dealer will not buy your coin at full price. He is going to sell it at full price, so if he offered you full price, there is no money left.

This one sold for $535 a while back:
http://www.ebay.com/itm/1995-W-American-Gold-Eagle-NGC-Proof-70-PF-70-10-1-4-ounce-Ultra-Cameo-Coin-/120930479613?pt=Bullion_US&hash=item1c2804adfd#ht_500wt_1182

When it's all said and done, you eBay fees are gonna be about 13.5%

That's 86% of value. I doubt a dealer will give you that much.

 

+1

Good job, Tim!

 

I concur.

 

Hard to argue with actual sale prices minus fees. What have you been offered so far?

 

I would try selling it here.

 

Not to be disrespectful OP, but does everyone else feel we will be fielding more and more "I cannot get a decent price on my modern MS70 coins" questions in the future?

 

You can talk to different sellers and see if they take consignments. You can also talk to teletrade and heritage to see what auction they would think it would be best put into. I agree with others - it is bullion and I know my local dealer buys it like it is bullion. Good luck.

 

whoops, I forgot to mention that its platinum.

 

My experience with Heritage is that if you don't have a decent sized portfolio to consign to them, they don't want to see your stuff, especially one coin. I have a gorgeous, rainbow toned MS Morgan that they just yawned at

 

"...and even sideways"?

 

Have you tried contacting Modern Coin Mart? MCM is a division of John Maben Rare Coins. They are always looking to buy the moderns, and I just happened to notice that they are "Out of Stock" on the 2004-W $10 Platinum in PF70.

http://www.moderncoinmart.com/cart1/pages.php?pageid=2

Chris

 

That's a big "whoops", lol.

 

I'm curious how you arrived at eBay fees of 13%+ (auction)

Listing fee - $2
Final value fee - 9%
Extra photo - 15 cents

And if you wait for one of their monthly listing "deals," it will be substantially less than that.

 

You forgot paypal.

 

True. I almost never list anything over $50 so I seldom think about PayPal. Plus, my repeat customers -- the first time around, they use PayPal, but afterwards, for direct sales, I let them pay by personal check.

 

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