Coin selling

Like toning coins on your own?

 

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I mainly like toners that are lustrous and PQ. Have owned a few and they did well. Others with exquisite color are really nice too. I pickup toners now and then (slabbed).

I have studied how toners are priced and auction results. There are many which don’t float my boat. Different people have different tastes. In a recent auction interested in some seated toners but they were bid up beyond my level of comfort.

I like Columbian Halves (1892-93) often these are toned and many very appealing and many times paid a little more for them, bid them up.

The thread will it CAC or not is very educational on this subject.

 

I'm happy that you are happy. I march to a different drummer and prefer NOT to pay a premium for a coin encased in plastic.

 

I do it this way as a collector. I have three basic collections. Lincoln cents, "In God we Trust" present and absent issues on coins and currency, and African Americans on US coins" So usually I know what I want and shop for it. I use price guides but I also know what I will pay for what I want. I still need a 22d strong reverse xf certified but have found most to be overpriced for me. I have found dealers and ebay good places to shop if I am patient. Peace to you all

 

It was encouraging to read that you've successfully sold through Great Collections. About a month ago they sent some of my coins to ANACS for grading. They said that they would contact me when they get the slabbed coins back, but I am just curious to know how long of a process it is, and if GC asks ANACS to clean the coins that need it. Thanks.

 

Your photos are awesome!

 

I was in the same situation a few years ago and decided to try taking a table or half table at a nearby monthly coin show. As someone else here commented, you learn A LOT by selling coins. Since then, I've sold on eBay (as pemicoins) and continued with the sales at shows (except for during the current pandemic). Eventually I got rid of all my coins that I didn't like and now have had pretty good luck selling certain coins which are very popular; Morgan and Peace dollars, Standing Lib quarters, $5 gold pieces and some type coins.

 

Lehigh98, I have bought and sold on eBay since 1998 as paulgol (2980) and would like to compliment both your coin photos & pricing. I honestly can't see anyone criticizing your prices, being that you've added the 'Or best Offer' caveat.
Onward Through the 'Fog',
J.T.

 

Despite the fact you and many others admire and even collect "rainbow" coins is commendable but, this doesn't mean they their value is increased by the "rainbow" in the least. Nearly all coin graders, dealers and collectors agree that although a "rainbow" coloring on a coin could possibly be attractive, is is NOT a characteristic that is used in Grading according to the Sheldon scale or otherwise. This discoloring is similar to the "BLUING" on gun steel whereas on some it brings out beauty and others its more contrasting than complimenting. This being said, a "rainbow" coloring is a natural chemical effect and NOT a factor that can be created or tracked since it occurs to a small percentage of coins and generally ONLY Silver.

In regards to the examples of pricing you showed, NGC & PCGS are the ONLY Graders and CAC is a Secondary Confirmation which is not required or needed as they merely agree or disagree with a coin's Grade which again is unnecessary. That said though, the values given by NGC & PCGS are NOT perfect as they are derived from sales and NOT Grades & Population reports meaning they are flawed and skewed according to what is popular at the time instead of rarity & condition. To that end, I have seen the MAC system also and at least this utilizes "populations" as a factor yet, sales also assist in this evaluation too.

In closing, I have collected for over 40 years and seen lots of changes, trends and so called "coin experts" promote or discredit coins for many different reasons, however, the one true system I have held true to regardless is Grading & Populations as it pertains to rarity for valuing coins and personally believe this is the ONLY accurate way to do so without outside interference or bias. So, you and others can bash me, call names and state personal opinions to my expertise yet, I only use and abide by standards that were set years ago with honesty & integrity and NO personal gain or conflict of interest. Agree or disagree. Good day.

 

usa coin book , which i sell on..is free to list up to 2 million coins for free, no fees, ever, then 2 % when you sell, pay pal the payment platform, i have yet to sell a coin, though i only have 3 of my 3,000 coins for sale listed, too lazy, lol but anyways, have purchased several thousand dollars on there, safe and reliable,,,john

 

You have 3000 coins for sale and you only list 3 on USA Coin Book. Are the other 2993 of your other coins listed on eBay ?

 

Incorrect, the market has shown time and time again for countless years that attractive toning and real "rainbow" toning does increase the value.

Incorrect, eye appeal is part of a grade.

Once again false

 

It's usually like a month or two. They won't really contact you when they're back, but you can check in the items pending page of your account and they'll get listed there when they come back

 

Thank you.

 

What the heck are you talking about? Eye appeal is one of the 4 elements of market grading employed by every major TPG, so rainbow toning ABSOLUTELY CAN AFFECT THE GRADE OF A COIN. In your first sentence you say that rainbow toning doesn't increase value, then in your last sentence you say it is a natural process that only occurs on a small percentage of coins. Those two statements are contradictory; it is the rarity of rainbow toning that increases the value, simply supply & demand.

WRONG! NGC & PCGS are grading companies that also provide price guides. Everyone in the numismatic world recognizes this and all price guides are based on grades, rarity, and demand. Value is a reflection of the marketplace and is based on supply and demand. You don't just get to omit demand from the equation and call it flawed by blowing it off as trendy/popular. Now you may not like or agree with the current market or price guides, but that doesn't entitle you to question of the ethics of sellers who use the tools provided to them by the current marketplace.

You remind me of the old time poker players who only play premium starting hands and insist that their obsolete views are still correct despite the fact that the poker world is dominated by young players who have embraced analytics and game theory. From the misinformation that you have spread in this thread, my conclusion is that you have been doing things the same way for the last 40 years, have failed to adapt to a changing marketplace, and are desperately holding on to your antiquated ways.

And are you claiming that one can't have honesty & integrity if personal gain is involved? The coin market is just like a every other, you buy low and sell high and the entire purpose for a coin dealer is to make money or personal gain. As long as the dealer is not misrepresenting the authenticity or condition of his wares, he is able to set any price he wants without jeopardizing his honesty & integrity. If the price is too high, the predictable result will be that nobody will buy his coin, there is nothing unethical about it.

If you continue to post misinformation on this forum, I promise you I will be here to correct you, and ensure that the readers of this forum aren't duped by your ignorance.

 

Well said!

 

OK, this is for Lehigh96 and wxcoin which both seem to believe that a toned coin brings a premium unlike any other quality. That said, I found this coin listed on Ebay by Lehigh96:

1942-S Jefferson Nickel PCGS MS67 (Iridescent Rainbow Toning--Registry Quality)
PCGS CERT VERIFICATION #21647428

Now, Lehigh96 has this listed for $900 yet, PCGS has valued at a mere $75. Are we all to believe toning appreciates this coin $825?

I am sorry but, it appears Lehigh96 and wxcoin do not know coins as they say and definitely do not know grading or valuation.

If anyone believes this comment is not accurate, please reply as I would love to hear another point of view.

 

A seller can list a coin at whatever price they deem acceptable. It is up to the buyer to decide if that valuation is accurate.

Now, if we want to discus social graces....

 

Did you check the cert page and notice that the coin has sold twice for well over guide?

https://www.pcgs.com/cert/21647428

06-Jan-2010 $978 Heritage Auctions
12-Jan-2005 $633 Heritage Auctions

There are thousands of examples of toned (and non-toned) coins that sell for well over guide. Again guides are only a suggestion based on some sort of average value. Nicely toned coins consistently sell for multiples of guide.

 

While agree with you a bit, this listing borders on sheer thieving or...total expectation of Forest Gump buying the coin. Either way, it is wrong, a lie and total beyond selling ethics. Then again, if they are listing this, I believe the latter doesn't exist. Oh well.