3 coin photos posted—-From your experiences -the good ,bad, the ugly of selling your raw MS coins?
Roy0O0Bannon
Posts: 13 ✭
Hello everyone, I am pretty new here, this is my first post.
I am happy to join such a well versed group /knowledge library of folks, so thanks in advance for any input.
Therefore as asked in the post title, what have your experiences been selling nice condition ,MS grade, raw coins
To dealers ,shops, associates, fellow forum members etc.—- auctions not so much.
I have read through the selling category stickies on here, so I am aware of most of the recommended protocol and experiences here, but what about the other options out there, the good ,bad ,and ugly?
Thanks much
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Comments
If you're selling it it's one grade lower than you think it is. If you're buying it's one grade higher than you think it is. If you understand that it will clear up a lot of issues (see tongue in cheek).
Welcome Roy.
If you want to try the BST, I think if you show good pictures, try to describe any issues, and ask fair money, you'll do very well. I know I would love to find certain issues in nice CH/Gem Unc at fair prices for various side projects (I mostly collect ChAU Bust Halves, but have more than a few pre-1964 interests).
Dealers in shops not going to pay as much, but some dealers are good trading partners ... and I think developing a good two way report can pay dividends, but ultimately if you have nice stuff, other collectors will usually be the most advantageous.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
I’ve sold raw uncirculated peace and Morgan dollars and have gotten good feedback. I basically priced them ~MS61 regardless because you never know if it will even straight grade or if it has hairlines etc - so you can’t ask too much unless better date or mint over general UNC price is really ~MS61 good place to start imo
Good luck!
Thanks to both of you pmh1nic and persuitofliberty for the quick response and greeting, great info so far anyone else care to comment…
Meant to add I sold them on the BST
Che-grapes thanks, and please clarify for me how much of a downgrade do hairlines play if all else (strike ,luster, no more than one out of the way minimal mark) is great and say ms 65 and up?
I buy and sell mostly Morgan dollars. I can tell you that if they are not graded you cannot get near full value for them. Carson City Dollars are the exception.
Dollarafterdollar have you had the same experience with U.S.
post 1940’s various denomination, commons and such, if any?
Thanks
Welcome to the forum!
I might echo those suggestions for the BST though I haven’t personally sold any there. I have purchased some though.
When selling raw, it’s likely going to be pretty rough sledding (for you) when shopping around to potential buyers.
Not to be too hard on dealers, but you’re most often likely to hear a lot of less than glowing assessments of your pieces in advance of their offers, which will sometimes be paraphrased with some decorum to the effect of, that they’re doing you a great favor by taking them off your hands. “Sliders, old cleaning, Low MS, and the list goes on and on.
Some dealers are going to play fair with reasonable offers given what you have while others may be less than generous. The key is learning which can be trusted and which to avoid.
Walking your material around a large show and entertaining offers from a good variety on the floor might be a good exercise if your within driving distance to a pretty good size show.
You mentioned that auction isn’t your thing, but posting the stuff online is likely going to net you the highest return, but requires more footwork.
It’s really difficult to answer your questions without a better understanding of what you’re looking to sell.
I have a lot of experience with Morgan and Peace dollars. With your more modern materials, I might suspect, will be an even tougher sell.
I hope this helps and good luck.
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
@Roy0O0Bannon... Welcome aboard. I can only echo the above inputs. I am a collector, not a dealer. I have sold occasionally, but not often, and only gold. Raw coins will 'usually' not sell for as much as slabbed coins. You may get more information if you post a couple of pictures as examples. Good luck, Cheers, RickO
Everyone grades differently, that's why an enterprising man named David Hall got a group together and formed PCGS. To understand this, use the search box atop the home page(s) and look-up "GTG" or "Guess the Grade" to quickly learn that the members here are rarely correct and agree on being wrong even less when presented a good quality image of a coin. Since you are new here, @Roy0O0Bannon, I will presume that you might be new to the Hobby and coin grading.
If that's true it's gonna be tough sledding.
Been many years since I bought or sold a raw US Federal coin. Learned my lessons before TPG's. Sucked at it.
Raw expensive coins they will hedge their bets. Raw coins under $100 have done well. I sell at shows and online.
My son has sold a few of my Morgans on eBay two years ago, but they were all priced under $150 and had got great feedback.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
Well thank you all very much for the great advice so far ,and duly noted.
I am going to present one of my coins in this post, but please realize this coin is not the best of the lot , and not the worst either, middle of the road ,So they say.
I am in my 60’s now and 99.99percent of the coins I have collected over 50 years are from pocket change or roll hunting, always saving the best dates and or newest minted years (the shiny good strikes). And I have only purchased 4 coins in my life ,all under 30$ or so each.
That being said , I have never sold or traded a single coin ,or had one graded, but One thing I do have in a large way is an eye for detail, so a MS or AU coin will always catch my eye. Also I have studied the hobby off and on for all of my reading years, so not a newbie, but not a seasoned grader by any means.
The coin here, the 1966 Lincoln may not be MS ,but for sure looks AU in Hand ,and my photo skills are a work in progress so this coin presents better in person.
As to weather it a SMS I do not Know?
So fire away folks ,I’m ready!!
Nice Lincoln cent. Colorful original toning. Hint of a rub on Lincoln's cheek. I give it AU58. Value..sentimental only.
Nice strike, original color, just a touch of handling
AU58
Probably not an SMS coin as the hair detail is soft, and the die looks aged, but I am not an expert on the SMS coins
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Thanks Snapper and Liberty, pretty close to what I was thinking on the 66.
So now let’s try my next 2 ,the photos color is off Idk why ,these 2 are more red than brassy looking but …maybe take it up a notch into MS. And guys
this is extremely helpful , thanks so much. Baby steps for me try it again!
rOb
Very nice pics! I'm not an expert on modern Lincolns (I have an album full, but that's it) so I will not comment on grades, etc.