I just won my first Heritage Coin!

Here's my take on it. IMO it's a decent 65, but it has some distracting marks. I think if you put it on ebay you will get right around $1000 (the last 2 PCGS 65 I saw both sold for $1001 and $1025). Now where you're going to get hit is in the auction fees, and shipping. Figure eBay will take close to $70, and another $10 on shipping and insurance. So I figure you will only be out about $50. Then again you never know 2 people could get into a bidding war, and you might even be up some money.

Btw your 1885 CC is a VAM 2.

 

Log in or Sign up to hide this ad.

Just keep in mind that you paid a 15% buyer's premium to begin with. Whether everyone really does factor that in to their bids is unknown.

If you turn around and sell it on ebay, the cheapest add will run you a few dollars to list it. If it sells at $1k, you will incur 36.31 in ebay fees.

If you charge $10 for shipping and insurance and the buyer sends you $1010, paypal will take a 3% cut out of that. So you're down another $30.30.

So essentially, if you turn around and are able to get $1k for it on ebay, you would end up with a net loss of $23.61 and your time with this venture. Oh, and if you want to get the cash out of an ATM with your paypal debit card, subtract off another $1.50 fee.

Dealers buy coins at wholesale and sell them at retrail. To buy coins as a collector at retail and hope to flip them immediately for profit is not an easy thing to do, with rare exceptions.

 

I doubt you'll break even if you quick flip on eBay after eBay/PayPal/shipping fees. Most eBay buyers of this type of coin also bid on Heritage too. If you really don't like the coin, eat the 5% return fee and consider it part of your coin collecting "tuition." Otherwise, you could just bring it with you to the Long Beach show in 10 days and see if you can sell it there at about what you paid (greysheet bid), you may find a dealer to pay bid for slabbed key date Morgan, but nothing is guaranteed in this current market. If you do find a taker there, there are zero fees and they usually pay cash. If you dont' sell there, then maybe try eBay.