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Teletrade question...mostly for those who sell

StorkStork Posts: 5,207 ✭✭✭✭✭
I've never really spent much time there, but it does seem like an easy to use venue now that I've looked around a little. I have about 20 or so slabbed coins that I have either lost interest in or upgraded or accidently duplicated in my buying (go figure). I want to sell, but have not gotten around to it.

I know my options are to either list here on the BST thread, sell myself on ebay, give as a consignment for ebay or maybe use Teletrade. The coins are relatively low value and some are oopsie slabs I'm sure. I would expect anything from $25-$75 pretty much.

So far I have been constrained by limited photography time and skill (a problem for bst and ebay), the lower value (consigning on ebay--the fees would be too much) and lack of good records to remind me what a realistic market value would be (a problem when trying to set a BST price).

Some of what I'm interested in selling are more mainstream (Great Britain, Italy, Japan) but others a little more 'niche'y (Albania, French Somalia, French West Africa).

Would teletrade be a good option?

If selling a double duplicate (yes I bought the same coin 3 times-an MS-65, MS-66 and in MS-67--I was tempted to keep them as a grading set :Funnyimage. would you send at the same time, or maybe break things up in 2 groups a month or so apart?

Can I hear some opinions? Thanks image


Cathy

Comments

  • 1960NYGiants1960NYGiants Posts: 3,532 ✭✭✭✭
    Hi Cathy,

    I would think the fees on Teletrade and relatively low sell prices (I've picked some nice greyside at about 50-60% of catalogue) would prevent me from selling on Teletrade.

    I've had pretty good results listing items on eBay at 80-90% of cat for BIN and accepting offers that netted a profit after fees.

    Of course, you could start by listing them here on the Darkside BST threads using word descriptions and add or send pix later.

    Any Canadian stuff?
    Gene

    Life member #369 of the Royal Canadian Numismatic Association
    Member of Canadian Association of Token Collectors

    Collector of:
    Canadian coins and pre-confederation tokens
    Darkside proof/mint sets dated 1960
    My Ebay
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    Even with limited photo skills a good writeup on the coin will help it sell. I really don't feel like I can trust most photos but coins with a good written description get high bids. I think ebay is a much better venue for esoteric or low priced items.
  • newsmannewsman Posts: 2,658 ✭✭✭
    The coins you described will not sell well on Teletrade, and their fees will eat most of the sale price. Now if you had some blatantly AT copper-nickel, like a certain PCGS 65 Churchill, that would be a different story... image
  • ajaanajaan Posts: 17,613 ✭✭✭✭✭
    TT? Not for coins $25-75. Especially since TT only ships to US and Canada.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • theboz11theboz11 Posts: 6,576 ✭✭✭
    A fuzzy picture and some vague rarity statements will bring your best price on ebayimage
  • coinpicturescoinpictures Posts: 5,345 ✭✭✭
    For low-to-middle-dollar coins, I would think that consigning the coins to one of the bigger eBay sellers here would be more cost-effective than TT. I know that Russ here on the board offers this as does gmarguli (no longer posts here I believe). I have no idea what their rates are though...
  • ajaanajaan Posts: 17,613 ✭✭✭✭✭
    Also Jeremy Katz does consignments. I currently have this consigned to him. Great imaging, low fees and a wonderful guy to work with.

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • DoogyDoogy Posts: 4,508


    << <i>Also Jeremy Katz does consignments. I currently have this consigned to him. Great imaging, low fees and a wonderful guy to work with. >>




    indeed. Jeremy has gotten some STRONG prices for world coins lately, and he takes great pictures which leads to lots of exposure on ebay from buyers.



  • << <i>If selling a double duplicate (yes I bought the same coin 3 times-an MS-65, MS-66 and in MS-67 >>

    If you choose to sell these on ebay, list the lowest grade one week, and then list the higher grade the next week. Don't list them at the same time, or you'll end up splitting your potential pool of bidders.
  • coinpicturescoinpictures Posts: 5,345 ✭✭✭
    Oops, yeah I completely forgot about Jeremy. image

    His pics are definitely the best of the bunch. Good guy.
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