What coins sell best?
chesterb
Posts: 961 ✭✭✭✭✭
Say your a coin dealer, you actually may be a dealer, someone comes to you and offers you a classic US coin to buy. You need a quick sale and only want to buy coins that will sell fast. What coin do you want to be offered? (No bullion please. Only US coins.)
What US coins sell well and see fast?
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I think the price you buy at means more for a quick flip than the coin itself.
I think it also matters what your connections are. If you know you have a certain number of people looking for a particular type then you’d gear your purchasing to that type.
But to a generic question I’ll give a generic answer: generic type coins that are always popular.
Morgan $1
1909 s vdb PCGS 25
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Anything PCGS CAC. JA is always buying if you need to flip it fast for business cash flow.
Edited: You could also add NGC CAC coins, but you have a better chance of having some retail sales with PCGS CAC. NGC CAC might be ideal for a crossover or if you don't mind holding for a while (unless you plan to wholesale it out).
Nice 90% junk silver, and common, circulated, problem free, Morgan and Peace Dollars.
As a dealer, I love being offered coins in my thin slice of the market. I pay top dollar.
I do not care how long a coin takes to sell, altho fast is always nice.
I do handpick the coins I buy and I am very selective.
Eye appeal is paramount.
I would also consider early federal to be the healthiest segment of the market. 20th century type, Barber generics of all denominations, and most seated generic denominations do not appear to be doing so well and are often 30-40+% back of values a few years ago (especially the dipped white ones). Also no one wants to catch a falling knife.
I agree with early federal. Nice old bust quarters are never available. Pennies before 1805, Great Barber dimes and quarters.
A really well thought out poll by the ANA on topics like this would be interesting.
Great transactions with oih82w8, JasonGaming, Moose1913.
Popular: Early copper 1 cents + Dollars (Morgan's are very popular as well as early dollars) + Gold coins
Less popular: 1/2 cents, 2 cents, 3 cents, nickels , dimes, quarters and half dollars are less popular from what I have seen. Less so for nickels and half dollars.
Personally I actually like the dimes and half dollars but I do not collect them.
NFL: Buffalo Bills & Green Bay Packers
I've started to dislike Morgan dollars. We buy and sell so many of the damn things; good and bad.
I do not sell coins, however, judging from the markets I look at... Morgans seem to move fast.... That is a general observation. Cheers, RickO
What coins sell best? Those that are priced too low.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
CAC gold should be easy to sell. Both kinds!
"Got a flaming heart, can't get my fill"
I agree with Catbert on this one. Any series CAC gold sells very fast, at top dollar (and gold with gold CAC is even hotter). Seems that PCGS is better than NGC in the current market but both are selling without any problems.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Slabbed classic US gold coins that are priced near melt value especially double eagles.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
V75 Gold and silver eagles from the US Mint if you didn't get banned from the mint site and actually got one!
CC and nice type coins. Early 20th century MS 64 and above. Nice material close to melt. It all ads up. You never really know. In 2020 bullion based coins the bright star. To get a feel you need online and bourse room experience, feel for the market.
But most important (like spacecraft achieving escape velocity) whatever one does buying it right so can flip / move quickly. It’s all in the deal.
If you have a swanky shop in high end area and deep pockets (like guy I know) where it’s walking in well below bid and your big wholesaler on the show circuit you’ve won the battle up front (smash mouth offense). Just line up and run over them.....then take it in for the score. Got big money?
There's no answer to this question. The question is too broad.
Lower priced coins like common date Morgan $s are easy to flip. But would I rather be offered an 1881-S Morgan $ than a Brasher Doubloon?
As @MFeld mentioned, price is also critical.
I can flip a Brasher Doubloon with a phone call, but not if I paid $10 million for it.
Sell me a bent 1855 large cent with a whole in it for 50 cents and I can sell it almost instantly for $1. Is that what you are asking?
@jmlanzaf: that’s a fair concern. I like the holed large cent example.
May I try to rephrase the question to slightly address your concern, and also @MFeld’s comment;
Which coins that typically retail between $500-5000 can I sell quickly for 70 % of the PCGS price guide amount (if any!)
I have to say nice original F-AU silver type coins are what I never have enough of.
@Higashiyama, you asked "Which coins that typically retail between $500-5000 can I sell quickly for 70 % of the PCGS price guide amount (if any!)"
As has been mentioned by others in different threads, Gerry Fortin buys back any CAC coin he sold you at 85% of the buy price. I am not sure if that is what you mean with your question.
Otherwise, most common gold sells for better than 70% of PCGS guide prices, but will fluctuate with the price of gold.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Better date pre-'29 walkers in upper circ - MS grades always find ready buyers, and meets the amended criteria, IMO.
I was at a medium sized show a few years ago, and spotted a raw 1923S walker in the back row of small coin/jewelry dealer that seemed to look nice. He brought it out for me, and immediately I knew I found the proverbial hen's tooth. I graded it AU58, but there was a moderate scratch hidden in the devices, unfortunately, that of course I pointed out to him while maintaining a poker face. We settled on AU 50 Bid, and it was mine. I paraded it over to my dealer friend's table, who insisted I sell it to him. He didn't care about the scratch, and kept raising his offer until I gave in, so I pocketed $250 profit. When I swung by later he'd already sold it to another dealer, profit not disclosed. And before the end of the show, it had traded hands yet again to another dealer, who was convinced it would slab MS-something with a straight grade.
In my shop, with the cheap jokers that come in, JUNK
But I hate junk, Ill take a nice coin anyday over stuff. I got elsewhere I can sell the good stuff.
Not surprisingly, answers are all over the place, based on personal experiences, knowledge of the marketplace and a question with no one (or two or three) right answer(s).
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yes, simply too broadly asked.
There are a LOT of widgets that can easily be flipped. There are a lot of high end coins that could easily be flipped. Bought right, there probably isn't a single coin out there that couldn't be flipped after 30 minutes on the phone. That includes everything from $1 to $10 million.
$10 million is pushing it.😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Somebody must have said this already and I missed it but it's the keys and then the semi-keys. They always seem to be priced closer to "book" prices and the sellers are less likely to discount.
Successful BST deals with mustangt and jesbroken. Now EVERYTHING is for sale.
I said "bought right". LOL. You can't buy a $10 million dollar coin for $9.5 million and flip it with a phone call. But maybe at $7 or $8 million. Although there aren't too many $10 million coins.
Shall we say $1 to $5 million?
Perhaps the question should be "Which coins are the most liquid?"
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Even then, people may not like the answer. Bags of 90% are completely liquid, but not exactly what I gather the OP was trying to get at.
In some ways, the "more collectible" the coin, the less liquid - unless you are blowing it out wholesale. Give me a common date MS65 CAC Morgan and I can flip it to JA with a phone call. Give me a Brasher doubloon, it's a little harder, especially if I went to get anywhere near full value.
Which coins sell best in the next few weeks...
$600 coins
or maybe perhaps ....
$2000 coins
That would probably lead to multiple very similar answers.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
OP here...thank you everyone for your responses. I was surprised by some of the answers. For example, I never would've guessed Morgans as they seem so ubiquitous. Same with 1909-S VDB PCGS VF-25. BTW, that's the type of answer I was looking for but wasn't specific, hence, the confusion.