Selling a
coin collection can be difficult no matter who you are. Selling a coin
collection is even more difficult when you know little to nothing about selling
coins. This can be true especially when selling coins from a recently passed
loved one's things. While you want to get the best deal for your coins, often,
people have many other things in an estate to sell. This adds to the stress and
hardship of losing a loved one.
Selling
coins individually can be time consuming. Often, that is the best deal for
getting the full value of the coins; however, when using sites such as Ebay,
selling coins individually becomes a hassle. Many on Ebay do not get the full
value of their coins because they sell them incorrectly, do not know how to
make their product look appealing, do not have reliable feedback, or more often
people do not have hundreds of previous sales to give themselves credibility.
However for some, all these problems are not applicable, but another problem
can arise even still.
While you
may know how to sell coins and have experience selling items online, often,
there are hundreds if not thousands of items that need to be sold in an estate
sale, and selling coins whether in bulk or individually would be similar to
taking on a part time job. Not only would you have to sell the coins which takes
up a considerable amount of time, selling coins online also makes for
uncertainty. There is a risk you will never get your money from the product. If
you sell coins through craigslist, it is not a hidden fact that Craigslist has
certain risks of its own. In addition to uncertainty, people also have to
consider that selling online is not just about listing them. Once the coins
have been sold, there are usually many emails of communication that go along
with selling items online. Also, the products have to be shipped in a timely manner. Many people don’t
know how to properly ship coins. By shipping, you also are running the risk of having
your customer’s product lost in the mail. The chances of losing a product are
also higher when the product being shipping is money/collectible coins or items of
high value.
All of
these problems that you might experience in trying to sell your loved one’s
coin collection can have a stressful impact on you. Not only is the work demanding
as customers expect that there products be shipped to them promptly, but the expertise
needed to sell coins is not harnessed by all.
My suggestion to someone who does not quite know what to do with an estate coin collection would be to take it to a dealer and shop around for the dealer who gives you the best deal. Do not settle for your first offer. The best things come with time. So remember, be patient in looking for a good deal. Another suggestion I have is to not sell coins in an estate auction with the rest of the loved one's other items. Often people at the auction do not know what coins are worth meaning that people at the auction might not pay top dollar for them. Another place in which coins are often traded, sold, and bought is at a coin show. At a coin show you would have the option of of having many offers for your coins or you could sell certain types of coins to dealers who mainly sell that type of coin for more money. For instance, if you have a lot of gold, go to a dealer who sells lots of gold at his table. This will most likely make your coins sell for more. Also, I would advise not selling all your coins to one dealer but optimize the sale by selling to various dealers who would more appreciate what type of coin you are selling them like the example above. Here is a great site that informs you of many different places and times of coin shows: http://www.coinshows.com/. (Often the shows are on the weekends). I wish you the best of luck in your selling. Email me if you have more questions about this topic or you would like me to write more about this topic.
List of possible places to sell:
My suggestion to someone who does not quite know what to do with an estate coin collection would be to take it to a dealer and shop around for the dealer who gives you the best deal. Do not settle for your first offer. The best things come with time. So remember, be patient in looking for a good deal. Another suggestion I have is to not sell coins in an estate auction with the rest of the loved one's other items. Often people at the auction do not know what coins are worth meaning that people at the auction might not pay top dollar for them. Another place in which coins are often traded, sold, and bought is at a coin show. At a coin show you would have the option of of having many offers for your coins or you could sell certain types of coins to dealers who mainly sell that type of coin for more money. For instance, if you have a lot of gold, go to a dealer who sells lots of gold at his table. This will most likely make your coins sell for more. Also, I would advise not selling all your coins to one dealer but optimize the sale by selling to various dealers who would more appreciate what type of coin you are selling them like the example above. Here is a great site that informs you of many different places and times of coin shows: http://www.coinshows.com/. (Often the shows are on the weekends). I wish you the best of luck in your selling. Email me if you have more questions about this topic or you would like me to write more about this topic.
List of possible places to sell:
- Ebay
- Coin shows ( http://www.coinshows.com/)(I would recommend this one the most)
- Local Coin Dealers
- Coin Collecting Friends
- Online dealers
- Auctions houses that are specifically for coins
- Online coin auctions (http://www.usacoinbook.com/)
I would love to hear from you. My email is webuycoincollections@gmail.com.
Work Cited
"COIN SHOWS." Coin Shows. N.p., n.d. Web. 14 Apr. 2014. <http://www.coinshows.com/>.
"USA Coin Book." - Buy and Sell Coins Online. N.p., n.d. Web. 14 Apr. 2014. <http://www.usacoinbook.com/>.
"USA Coin Book." - Buy and Sell Coins Online. N.p., n.d. Web. 14 Apr. 2014. <http://www.usacoinbook.com/>.
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