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<p>[QUOTE="RaceBannon, post: 1599641, member: 25357"]I've also been selling portions of my collection over the last six months or so. I went to a couple of different dealers, got lowballed by one. Got a fair offer from another. I've since sold large portions of my gold. Got about 95 percent of spot on that. Since I got in at around $400 on most of it, I figured it was a good time to sell and take some profits. </p><p><br /></p><p>For most of my other coins, I will probably use ebay. Especially for the slabbed keys. I may sell some to a dealer in bulk, but it's a trade off. You'll probably make more selling them individually on Ebay, but it's a lot more work to photograph, list, and ship the coins. Plus you have to deal with the buying public. One dealer made me a reasonable offer on my Morgan Set, but again, I think I'll just do the drudge work, break out the coins individually and list on eBay. One thing to note about selling on ebay, is the fact that you've got to factor in 9 percent sellers fees plus three percent paypal, that will take a 12 percent chunk out of any profits right off the bat. What you get in return is unparalleled access to a huge virtual market for your coins.</p><p><br /></p><p>I still think you can do better than selling the entire collection to a dealer, they're in it for a profit so must build in a margin accordingly. But you've got to be willing to do the work.</p><p><br /></p><p>One other thing I've learned since I started selling, it's a lot harder to make money in coins than it looks. But I got 10 years of enjoyment out of collecting, and an education in the market to boot. I can always start collecting coins again if the fancy strikes me. Good luck to you![/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 1599641, member: 25357"]I've also been selling portions of my collection over the last six months or so. I went to a couple of different dealers, got lowballed by one. Got a fair offer from another. I've since sold large portions of my gold. Got about 95 percent of spot on that. Since I got in at around $400 on most of it, I figured it was a good time to sell and take some profits. For most of my other coins, I will probably use ebay. Especially for the slabbed keys. I may sell some to a dealer in bulk, but it's a trade off. You'll probably make more selling them individually on Ebay, but it's a lot more work to photograph, list, and ship the coins. Plus you have to deal with the buying public. One dealer made me a reasonable offer on my Morgan Set, but again, I think I'll just do the drudge work, break out the coins individually and list on eBay. One thing to note about selling on ebay, is the fact that you've got to factor in 9 percent sellers fees plus three percent paypal, that will take a 12 percent chunk out of any profits right off the bat. What you get in return is unparalleled access to a huge virtual market for your coins. I still think you can do better than selling the entire collection to a dealer, they're in it for a profit so must build in a margin accordingly. But you've got to be willing to do the work. One other thing I've learned since I started selling, it's a lot harder to make money in coins than it looks. But I got 10 years of enjoyment out of collecting, and an education in the market to boot. I can always start collecting coins again if the fancy strikes me. Good luck to you![/QUOTE]
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