Where is everyone buying and selling coins if not eBay?

DMWJR · June 24, 2008 7:40AM

Material is slim pickings, and I've been watching to see what some coins are going for that I am interested in selling. There seems to be less of everything on eBay, so I was wondering what the new venue for selling and buying coins is?

SilverEagles92 · June 24, 2008 7:43AM

Three letters: BST

KollectorKing · June 24, 2008 7:43AM

bst

BECOKA · June 24, 2008 7:44AM

BST, or my website.

rgCoinGuy · June 24, 2008 7:52AM

Ebay still. If there are less of what you are trying to sell, that is actually a good thing when you are selling.

doh · June 24, 2008 7:53AM

BST is the place to be!

Ronyahski · June 24, 2008 7:54AM

<< Material is slim pickings, and I've been watching to see what some coins are going for that I am interested in selling. There seems to be less of everything on eBay, so I was wondering what the new venue for selling and buying coins is? >>

So you think E-Bay is already the "old" venue? Makes me feel old, I can remeber going to Woolworth's to buy coins.

gecko109 · June 24, 2008 7:57AM

I dont have much faith in the BST. I recently listed a few nice coins there for a couple of days with no takers. Just 2 quick examples:

Listed on BST for $425 1806 draped bust quarter PCGS VG8----sold on ebay 10 days later at $745
Listed on BST for $660 1875 seated half dollar PCGS MS63---sold on ebay 10 days later at $898

Good thing nobody took me up on my offers!!! Ebay is still the premiere venue for small timers like myself.

thisnamztaken · June 24, 2008 8:00AM

<< There seems to be less of everything on eBay, so I was wondering what the new venue for selling and buying coins is? >>

I think eBay is beginning to reap the results of what they sowed when they recently substantially increased their "final value added" fees for sellers. I wasn't a big seller, but I'm selling even less now, because it just isn't worth it anymore for sellers of moderately priced items like me, with all the fees they throw at you, both coming and going, not to mention the PayPal fees.

Now they're trying to entice me to buy more by sending me 10% off the sale price coupons, and $10.00 off shipping coupons every time I turn around!

** Edited to add:
I've been thinking about trying to sell a few things on BST for the first time, but don't see any "rules" concerning selling on there. Does anyone have a list of the rules for selling and buying on BST...or aren't there any?

mommam17 · June 24, 2008 8:02AM

I sell on Ebay. The 2 coins I`m looking to buy this weekend are on Teletrade and an Heritage Auction. I am ready to bid strong for something I really want but will not go overboard, I hope!!!

Dave99B · June 24, 2008 8:05AM

If you want to troll, the BST Board is fine.

But if you seriously need to sell, go eBay. The BST Board does not have enough eyeballs.

Dave

cinman14 · June 24, 2008 8:07AM

<< I dont have much faith in the BST. I recently listed a few nice coins there for a couple of days with no takers. Just 2 quick examples:

Listed on BST for $425 1806 draped bust quarter PCGS VG8----sold on ebay 10 days later at $745
Listed on BST for $660 1875 seated half dollar PCGS MS63---sold on ebay 10 days later at $898

Good thing nobody took me up on my offers!!! Ebay is still the premiere venue for small timers like myself.

>>

gecko109 you trouble maker...

GoldenEyeNumismatics · June 24, 2008 9:17AM

Teletrade has had some good stuff lately... and you often won't find the large premiums there that you would on the BST.

pennyannie · June 24, 2008 9:22AM

BST is the last place to sell coins. You can buy there, but i do not think selling there is the best place. Geko109 shows you why. ebay fees on the bonus 500 bucks is no big deal.

SaorAlba · June 24, 2008 9:22AM

I still buy some on eBay, mostly from overseas, but as for selling, yeah-right!

CoinHusker · June 24, 2008 9:26AM

Pawn shops?

roadrunner · June 24, 2008 9:40AM

Listed on BST for $660 1875 seated half dollar PCGS MS63---sold on ebay 10 days later at $898

I'll have to remember to give Gecko all my misc seated and bust coins to put on ebay. Considering that the half above is about 5% over CDN ask, I know I could have shopped that coin to every show in the northeast and probably not sold it for "ask." But ebay is a different world sometimes.

roadrunner

gecko109 · June 24, 2008 9:47AM

<< Listed on BST for $660 1875 seated half dollar PCGS MS63---sold on ebay 10 days later at $898

I'll have to remember to give Gecko all my misc seated and bust coins to put on ebay. Considering that the half above is about 5% over CDN ask, I know I could have shopped that coin to every show in the northeast and probably not sold it for "ask." But ebay is a different world sometimes.

roadrunner >>

I'll sell all your seated stuff if you sell all my silver proof pandas. UGGGHH, what a dissapointment!

oldwestgold · June 24, 2008 10:51AM

I've had good luck on the BST, especially with PQ material. I've had some items sell in minutes and the forum members all always delightful to deal with. Only one time was I disappointed in the BST and that was when I tried to sell an extremely nice 1868 IHC MS64RB S-1 DDO. I offered this coin for basically what you'd pay (wholesale) for a 64 BN without the rare DDO. Not one taker. I took the coin to a local dealer and sold it for more than what I was asking on the BST with no questions asked. So you just never know.

Ebay usually brings the best prices, but sometimes the added "ebay related/paypal problems" aren't worth the hassle. I sell all moderns on ebay, but very few classics. The exception is classic generic gold. I sold most of what I had on ebay because I couldn't get what I wanted from other sources.

I've sold a ton of coins to local dealers, typically average quality items that are harder to sell with pictures only, or coins that have a defect that is difficult to explain and still make the coin seem desireable. They won't pay you top dollar in cash but will generally give you a very fair deal in trade credit, often 20-30% higher than the cash offer.

I buy from shows, local dealers and major dealers, rarely from ebay. Most the time the pics are poor quality and desciptions are so vague it's not worth my effort to bid. If the pictures are outstanding the coin has a very good chance of being bid up way too high anyway. Further the coins I collect in the quality I seek are rarely offered on the bay.

BAJJERFAN · June 24, 2008 11:02AM

TeleTrade, Legend auctions, BST maybe one eBay. Pretty easy to not buy when funds are short.

JCMhouston · June 24, 2008 11:23AM

I'm a pretty regular buyer at Heritage and DLRC, less often at Teletrade. I also have a couple of dealers that specialize in my areas and buy from them on a pretty regular basis.

MrMag · June 24, 2008 11:26AM

what is BST? Buy/Sell/Trade?

Barndog · June 24, 2008 11:27AM

<< what is BST? Buy/Sell/Trade? >>

yes

Rollerman · June 24, 2008 1:59PM

Call me old fashioned, but I do most of my business with any one of three coin shops in my area. Two will be going out of business in the next year (retirement), so things might change some then. I also pick up items at a coin auction now and then.

My Ebay experience has been a little disappointing in that I end up with coins I would have never purchased if I had held them in my hand first. When I see an auction that has a real good image and the coin looks great, I usually get beat out at the last moment and I'm not a cheap bidder!

Pete

DMWJR · June 24, 2008 2:10PM

I have to confess that I am addicted to the volume on the bourse, auctions where I get to view the coins .... and haven't set foot in a bricks & mortar in years.

The stuff I am wanting to sell does not fit those two venues very well, and eBay has been good to me in the past for selling.

Where is everyone buying and selling coins if not eBay?

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