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New to coins/ need some help
Guest760
Posts: 2 ✭
Hello, I'm completely out of my element here. My dad wants me to try & sell he's coins & or get buyers for him. I tried to convince him to start an Ebay account but he's very reluctant to the idea. I told him I sell on there all the time & I could help him but he's just not comfortable shipping, printing tags etc.. I would post them on my Ebay page but I'm concerned with the extra income I'd have to report. Also, he really doesn't want to sell 1 or 2 at a time but rather only deal with a hand full of buyers.
He lives in the Southern California region ( high desert) to be more precise. If anyone knows of a company/buyers that are reputable that they have had good experiences with or any advice I'd greatly appreciate it. Thank you,
-James
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I'm sorry if I posted in the wrong area.
Graded coins? Raw coins? What type of coins? Do you have pictures?
Type Collector of U.S. Pre-33 Gold https://instagram.com/deplorable_dan Successful transactions with- @drfish, @Cladiator, @johnny010, @Pedzola, @PerryHall, @2windy2fish, @Ike1964, @JohnThePainter, @rpmsrpms, @REALGATOR
Welcome to the forum!
If you don't get other recommendations here in this thread I know a dealer in Sothern Cal that would most likely buy the whole collection as long as it is not a box of raw wheat cents or dateless Buffalo Nickels.
What's the best way to sell your coins?
A lot depends on your coins AND their condition.
We might be able to offer specific advise if you can give us some examples of coins you want to sell.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
Call Coops in Redlands. Make an appointment if you have either a large lot or valuable items. Deal with Senior. Your dad bought them so he should have an idea of retail value. You might be disappointed so be prepared to walk away. Senior posts his electronic buy prices for all to see and is very straight forward and easy to deal with.
I might add that they have been in business, generationally, since 1914. Randy has been on the desk since 1964.
Welcome to the forum.
There’s really no way to know what buyers (or even type of buyers) to recommend, without having some idea regarding the type and quality of coins involved.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You're in luck: In SoCal, The Long Beach Coin Expo is this week Feb 2 - 4.
Plenty of knowledgeable folks can offer advice.
Of course, bring some coins to sell -- dealers are buying as well as selling.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
This is a great option for you! You can ask more than one dealer for a buy price.
@Guest760 The collectors here on these forums come here looking for eye candy to gaze over - I call it CoinPorn - there is even a Reddit page dedicated to it.
Please post some pics of your coins and you'll be bound to get lots of feedback that you can then do with, what you please.
If someone hasn't already PM'd you to get a sneak peak at your loot, they'll be sending you PM's as soon as you post some pics!
BST references available on request
Check out the BST (Buy, Sell, and Trade) Forum here. Coins are sold there all the time but you'll have to post good pictures and as a new member here you may have to ship before being paid which shouldn't be a problem if you're dealing with a well-established member.
Worry is the interest you pay on a debt you may not owe.
before being paid which shouldn't be a problem if you're dealing with a well-established member.
At this point, how would he know what to ask for the coins and/or whether any offers he received were fair?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
He would have the same problem selling to a coin shop. Presumably his father was a coin collector and has some idea what the coins are worth. There are enough price guides such as Numismedia that can help with this process. As you pointed out, it would help to know what coins he wants to sell.
Worry is the interest you pay on a debt you may not owe.
James, the Long Expo coin show is a great suggestion. Have your Dad cherry pick what he considers his best coins and take a few to the show.
If he is physically able to go to the show with you I am sure you both would have a great father son bonding moment!😎
Before going to the show research Ebay completed listings to see current market value of each coin.
Depending on the value most dealers will pay you cash. Don't accept the first offer. Go to at least 2 dealers for comparison.
Keep in mind a dealer will not pay you full Ebay price because they need to make money on the resale but the cash payment is nice. Don't be bashful about asking a dealer to look at your coins. Many are looking to buy!
If you don't want to sell at the show then still go and get business cards from all dealers who are buying to contact them at a later time. Keep in mind, most will be from out of state so selling at the show is your best option.
Please post an update after the show. We would love to hear of your experience!😎
@Guest760 ... Welcome aboard. There is great advice above. Further assistance here will require more information - i.e. pictures, descriptions.... Good luck, Cheers, RickO
Perhaps I could interest you in a trade of two bars of latinum
"A dog breaks your heart only one time and that is when they pass on". Unknown