Shaking out your couch cushions for spare change used to be the move when you wanted to scrounge up some quick cash, but if you are sitting on top of a solid coin collection, you could be harboring more money than you think.
Discover More: 10 Rare Coins Expected To Soar in Value in the Next Five Years
Check Out: 3 Things You Must Do When Your Savings Reach $50,000
So, when it comes to getting the most value for your rare coins, what is the best course of action? If you search online forums from fellow coin enthusiasts, the most consistent consensus from experts is this single advice: If you have well-received local coin stores or auctions, get in there and introduce yourself and your coin (or coins).
Not only will you gain more insight on your silver and gold, but you can potentially do a little bartering with your coins, or simply receive advice for how much they’d sell for. Whatever price they offer, you can either sell it right there on the spot or take that knowledge with you — from there, you’d now know how much a person is willing to pay for it and can raise the price on eBay.
That being said, the one-stop online commerce shop is not without its merits. If you are trying to move a lot of coins, you can make a lot of profit on eBay as many avid collectors frequent the site in search of new high-value rare coin listings.
Here are some key takeaways to consider before you start selling:
-
Make sure you can authenticate your coins for a more efficient transaction.
-
Provide expert insights and coin valuation when possible as this will provide more buyer confidence.
-
The sales data for coins or coin collections on eBay has a sell-through rate of approximately 1,525%.
-
Monthly sale earnings for coins can reach upwards of $290,000.
-
For many high-value coins, the average product price is around $210.
Simply put, selling coins on eBay can be quite lucrative if you target the right collectors who are willing to pay top dollar for rare or limited releases. However, if you have reputable auction houses or coin shops nearby that you trust, then some comparison shopping might be in order to see where you can get the best price. Here are some pros and cons of selling at a brick-and-mortar location or online at eBay.
Trending Now:
-
Immediate Transactions: Coin shops offer the advantage of immediate sales. You can walk in, get your coins appraised and walk out with cash or a check.
-
Personal Interaction: You have the opportunity to speak directly with a dealer, ask questions and potentially negotiate prices.
-
Expertise: Established coin shops often have knowledgeable staff who understand the nuances of coin grading and pricing.
-
No Shipping Hassles: Selling directly to a shop eliminates the need for packing and shipping, which can be particularly advantageous for bulky or very valuable collections.
Leave a Comment