Selling old coins

[Winchester416]

Hello,

Wondering whom is a good place to sell old coins in Michigan? Whom is fair, and not out to rip you off?

 

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[Gare]

Look on here for people . There are some pretty decent buyers on here

 

[releventchair]

I'd want them appraised first if I didn't assign a value myself.
Have not sold any there but watch a usually weekly auction I've sold other stuff on.
I'm allowed one bid per item I list so if a bid doesn't meet my minimum I can bid on it to set a minimum. Or stop the bid if I submit a winning bid. I'd of course need to let the auction know...

Buyers at shops deal with a premium in thier favor. Obviously being in it to make money on a sale and cover thier butts on a buy. That percentage you'd want to know the average of across multiple dealers... This is why selling to an individual can be better IF you trust them, AND know what what you're selling is worth.

I've done some business with Demer in Grand Rapids. (Well , at his former shop.)

Diemer's Coins Jewelry & Collectibles​

3939 Plainfield Ave NE, Grand Rapids, MI 49525 ·
And brought one particular dug coin for him to eye.
I'd consider him again , if I didn't find a private individual. But I'm not looking to sell at the moment either.
One guy near me wants too much of a cut or he'd do better. But that's alright too. Long as I know.
So I don't deal with him.

 

[opalboy]

It’s fairly easy to see what your coins sold for on eBay. If you have an eBay account, search for the coin you have, look on the left side, check the box that says ”sold” and the ones listed in green are what they actually sold for. But also realize a dealer will pay you less than that.

 

[Winchester416]

It’s fairly easy to see what your coins sold for on eBay. If you have an eBay account, search for the coin you have, look on the left side, check the box that says ”sold” and the ones listed in green are what they actually sold for. But also realize a dealer will pay you less than that.

What if you have allot of coins?
In various conditions...

 

[Winchester416]

I'd want them appraised first if I didn't assign a value myself.
Have not sold any there but watch a usually weekly auction I've sold other stuff on.
I'm allowed one bid per item I list so if a bid doesn't meet my minimum I can bid on it to set a minimum. Or stop the bid if I submit a winning bid. I'd of course need to let the auction know...

Buyers at shops deal with a premium in thier favor. Obviously being in it to make money on a sale and cover thier butts on a buy. That percentage you'd want to know the average of across multiple dealers... This is why selling to an individual can be better IF you trust them, AND know what what you're selling is worth.

I've done some business with Demer in Grand Rapids. (Well , at his former shop.)

Diemer's Coins Jewelry & Collectibles​

3939 Plainfield Ave NE, Grand Rapids, MI 49525 ·
And brought one particular dug coin for him to eye.
I'd consider him again , if I didn't find a private individual. But I'm not looking to sell at the moment either.
One guy near me wants too much of a cut or he'd do better. But that's alright too. Long as I know.
So I don't deal with him.

Whom would you have appraise them?

 

[Mackaydon]

Post some coins here; we'll give you a value.
Don in SoCal

 

[ARC]

It’s fairly easy to see what your coins sold for on eBay. If you have an eBay account, search for the coin you have, look on the left side, check the box that says ”sold” and the ones listed in green are what they actually sold for. But also realize a dealer will pay you less than that.

The only way this works when it comes to coins IS IF the coins are graded... and would give a ROUGH basic estimate / average.
Same as with comics and cards.

No other items sold on earth top the varying nuances that apply to coins.
In other words......
NO 2 are alike... so with that.... no 2 prices will be either if not graded.... and even then that varies.

This above mentioned technique has been the norm for everything sold on ebay for eons... used by everyone from pawnshops to joe blows... and works in the favor of the buyers mostly... and especially when it comes to raw coinage.

Nothing can or does replace hands on knowledge with integrity to get fair market price estimates.

 

[ARC]

Post some coins here; we'll give you a value.
Don in SoCal

Agreed... but this can only go so far Don.
A coin must be held ... especially any that have any mint state lusters.
But yes... rough estimates can be achieved here.

 

[ARC]

I suggest anyone who has the OP's same situation attend a coin show and see if there is a grader present and show them to them.
They will instruct and tell you which are worthy of more... such as sending in for grading etc. or even basic selling value for entire lot.
Heck you may even have dealers line up with offers.

 

[Peyton Manning]

I don’t see those as high quality, but that’s my opinion
Having any graded is only if they are worth substantially more than grading costs

 

[Gulf Coast Pirate]

If that seated liberty quarter is 1886 its worth quite a bit in that condition.

 

[Gulf Coast Pirate]

Oh, looks like it may be a dime.

 

[Winchester416]

If that seated liberty quarter is 1886 its worth quite a bit in that condition.

It is...

If that seated liberty quarter is 1886 its worth quite a bit in that condition.

it is

 

[Winchester416]

I don’t see those as high quality, but that’s my opinion
Having any graded is only if they are worth substantially more than grading costs

I’m not currently looking to sell, but if the need arises, whom and how? I know the world is full of cheats...

 

[Winchester416]

I suggest anyone who has the OP's same situation attend a coin show and see if there is a grader present and show them to them.
They will instruct and tell you which are worthy of more... such as sending in for grading etc. or even basic selling value for entire lot.
Heck you may even have dealers line up with offers.

That sounds like a good plan... Are there any in Michigan you would recommend?

 

[Winchester416]

Look on here for people . There are some pretty decent buyers on here

Such as?

 

[Hunter1805]

Interested in any silver coin with a value of $200 or more and all gold... You price send picture I'll buy if we agree on price... No downside. for anyone.... Jim Open to anyone..

 

[Mackaydon]

If the 1878 Morgan has a 'CC' mintmark, it's well worth getting graded.
Don....

 

[CoinsAndThings]

I collect coins. Mostly Franklin Halves and Liberty Halves in MS63 grade or better.
I wish I could give you an actual link, but since I can't there is a website called PCGS CoinFacts. If you do a search on that you should be able to pull up their website. It's very comprehensive and not only will give you an estimate of what your coins are worth, but also points to similar coins that have sold on ebay and elsewhere. I use it every time I'm thinking of buying a coin.
Hope that helps