I have some proof sets from 1979 - 1982. How do I go about finding a reputable dealer in my area to see if I can sell them? I am new to the area and don't know my way around yet. Thank You:hail:
It might not be best to go to a dealer - you should try selling them here first, perhaps, though I'm not sure if they'd bite. Dealers don't give you as much as friends do for stuff unless it's gold or silver. Why give it to a dealer rather than become the dealer? usually you get more..
coin guy If you're looking to sell any coins the first thing you need to do is educate yourself as to their value. Coins and coin sets have different values to different people. Coin dealers are retailors for the most part and sell coins at or close to retail price. You can find out the retail price by looking in various coin price guides some are published yearly such as the most used Book called the Red Book, others are published more often usually magazines such as coin prices or coin values as well as others. If you don't have access to a price book or magazine. use the yellow pages and look under coin dealers simply call one and inquire as to what the set would cost of you wanted to purchase the years you haave for sale without letting him know you have some for sale. Now you know the retail price. If you choose to do the selling as some have suggested to you and seek to find a buyer you at least know what to ask of them. A search of Ebay completed sales of similar auctions will show you what these sets are actually realizing online. Then subtract from the realized price about 7-10% and that would give you about the number you'ld end up with after selling and listing fees. NOTE.... a quick search will show you that these sets sell on Ebay as a rule for far under retail price. The values of your sets to coin wholesalers is in reality what forces dealers to pay the Bare Minimun as has been talked about in another response. If a coins set wholesales for lets say $6.00 US which means I as a coin dealer can call and order a proof set for that price from my wholesale supplier. Then I sell it for $9.00 retail lets say. OK so here is where the pricing issue gets dicey in the coin industry. If I am offered your set what do I pay you? That is determined by a few factors are you selling me something I already have several of? Are you selling me something I have none of? If i buy your set who will buy it from me and at what price? the wholesaler will sell it to me at 6 but what will he pay? Again it depends on if he needs it. 90% of the 6 is common. 85% is not unheard of. If you have sets they are in great need of I may be able to get 6 selling it. Which all boils down now to how much do I pay you for your sets? assume I can get 90% of wholesale from my wholesale person that would be $5.40 if I offer you 70% of wholesale that would be $4.20 I sell it to him and make $1.20 If I get lucky enough to find a retail buyer I sell it for $9.00 and make $4.80 or maybe give someone a deal and settle for less. The phone book is a good enough place to find local coin dealers. Learn what they are worth first then deside if you'll do the selling(you'll make more) or you wanna just get rid of them.(You'll make less) Once you know what you're coins are worth finding someone you know to buy them can be fun .....relatives,co-workers,friends. You can also learn from local dealers about the possibility of any upcoming coin shows in your area. another great place to sell coins. Good Luck, Brian
You should hold off until you have 10 posts here at CoinTalk and advertise them here in the "Open Forum". As mentioned earlier, you should educate yourself about what you're selling before you offer it for sale. Find out what the proof sets are selling for, you can do that by searching on Ebay
