I have a coin collection with U.S. silver dollars from the 1800s and other rare coins. I also have some gold coins and silver bullion. I'm interested in the best way to maximize the sales price on these assets.
2006-07-25 03:18:42 · 14 answers · asked by JB 1 in Business & Finance ➔ Investing
First, you need to know what they are worth. I am guessing most of the morgan dollars aren't extremely high grade or rare dates, so most will be worth $10-15. The others I can't guess because you didn't have much information. The overall best place to sell would be a numismatic auction house. If there isn't a dealer nearby who has auctions for you to consign to, then I would consign to a local auctioneer. I have seen common silver dollars bring WAY too much money at these auctions by people who do not know what the value should be. This only works on inexpensive coins though. For anything worth more than $100, I would try to either consign to a coin dealer auction like I said, or list on Ebay with a reserve price. To decide this, of course, you need to know approximate worth. To do that, take them to a reputable dealer, or find out where the local coin club meets and ask their opinions. One thing coin collectors like to do is look at and talk about coins!
2006-07-25 10:40:45 · answer #1 · answered by medoraman 3 · 2⤊ 1⤋
First go to someone who can give you an idea of their actual value.
An auction house that specializes in or has experience with rare coins is your best bet. Not only do they have contacts to build interest in your auction, but the reputable ones won't sell your items for below value.
With eBay it can be hit or miss. If the people collecting aren't on that week or there aren't enough of them your collection will either sell under value or won't sell at all w/ the reserve you placed on it.
I sell on eBay quite a bit & the reality is people are looking for deals. You're looking for the most money for a specialty item.
It may sound more complicated but an auction house, even a local one, is your best bet.
Hope this helps.
2006-07-25 10:27:54 · answer #2 · answered by audeo8 2 · 0⤊ 0⤋
Just stand on the street corner and yell "I've got some really valuable coins, and gold and silver in my pocket! Who wants to buy some?"
2006-07-25 10:20:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The best way to maximize the selling price of anything antique is to sell it at a Sotheby's or Christie's auction.
2006-07-25 12:39:00 · answer #4 · answered by NC 7 · 0⤊ 0⤋
usually pawn shops and coin dealers don't pay more than there worth, but other collectors may much more than there worth. don't sell them until about 2015 because you want there value to increase
that way you can collect more prophet.
2006-07-25 15:52:34 · answer #5 · answered by Anonymous · 0⤊ 0⤋
My grandmother ran an ad in the paper by appt. only, so she could make sure no dealers came. (You won't get what they are worth from a dealer cause they have to make a profit.) Anyways, people came by the flocks and she made a lot of money.
2006-07-25 10:33:05 · answer #6 · answered by jopil21 2 · 1⤊ 0⤋
I wanna know also because I have some coin that are of value
2006-07-25 10:21:55 · answer #7 · answered by Who me? 4 · 0⤊ 0⤋
go to an antique shop and see how much you can get for it, or make a sign and put it out side on poles or walls and have it say looking for a reliable coin collecter that will take goo d care of them or put an ad in the news paper. hope i helped!!!!!!!!!!! GOOD LUCK!!!!!!!!!!!!!!!!!!!!!!!!!!!!
2006-07-25 10:35:57 · answer #8 · answered by Ali 3 · 0⤊ 0⤋
Ebay.com
2006-07-25 10:20:36 · answer #9 · answered by Margarita 3 · 0⤊ 0⤋
get it apparised first, then you can refer that price at an auction. do not use ebay u wont get the right price..
2006-07-25 10:21:52 · answer #10 · answered by Stewy 2 · 1⤊ 0⤋