How To Make The Most Money Selling Your Coins
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- เผยแพร่เมื่อ 12 ต.ค. 2024
- How To Make The Most Money Selling Your Coins
How to sell your coins
• How To Sell Your Coins...
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How To Make The Most Money Selling Your Coins
How to sell your coins
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Thank you for bringing up this topic. I have always been confused with coin prices. I see that I have lots of what I see, but some of the prices are so skyrocketed, and I don't dare to put my coin for that price because I feel like it could be a bit of a rip off ⁉️ Then, I see the same coin for almost free. Then, I just don't post my coin at all. Thank you so much. I really appreciate your very valuable information.🙏❣️
I went to sell my 21 Morgan in pretty damn good condition at RINKOR RARE COINS in Santa Rosa and I think it’ll be the last time I go there to sell them anything, even with premium for a Morgan and spot being at 30 dollars they only offered me 21 dollars!! What the hell? And yet they sell them for 40 dollars each? I’d be better off selling 1 dollar face of dimes?!? It’s unfortunate that coin shops even offer such low prices to people. As I said, last time I’ll ever go there.
A 1921 Morgan isn’t an ounce of silver and it’s not a popular date and I bet it was lower grade or condition than you think.
@@CoinHELPu21s are about .77344 of an ounce of silver in 90% but even that comes out to 23 dollars? it was in BU condition at the very very least which I thought would at least make it slightly more desirable. Heck I’d buy up every single 21 Morgan for 25 dollars if someone would sell them for that low? The lowest I’ve seen Morgan’s go for is 30 and those are straight up culls or slicks at times?
When I used to do EBay I would try to have my auctions end around 8pm California which is 11pm Eastern time so I would have the highest number of people watching hopefully. Also I had 3 pieces of white plastic board taped together that I would use to photograph coins so it would be lit well from all sides. It made a huge difference taking photographs.
Great information Daniel 👍
Appreciate you taking the time to explain it in layman terms.
There is not a lot of honesty on eBay !
A great reminder that I need to check out what's up for auction this week on your site.... here I go...
Thank you!
Thank you Daniel. So many important things you have pointed out. For the eBay Bins, I can definitely see where bins would go for an overall higher price...Reasonable prices, some don't want to bother trying to watch and update bids, some just want it and forget. Being an honest person, growing your base and selling at great prices will get your coins sold. Just like you do. Have a great blessed weekend. Be safe. I know it was allot of behind the scenes work..any more thought for a WhatNot ?
Eye appeal is EVERYTHING when selling coins. Shiny silver increases the dopamine in your brain. It excites us. So taking great pics is a necessity.
So does colorful toning if you can get it across in the pic well
@@Silvercrypto-xk4zy Exactly
I think you would have success if you put together a learning course on Masterclass (online). You know your business and you do such a great job teaching. I don’t know how much instructors get paid for that but… you and this subject seem like a good fit for a Masterclass course.
Thanks for the tips Daniel! They seem pretty basic, but would make a huge difference in the end.
I am grateful for your good character
You the man sir! Great job as usual.
Good show Daniel, vague coin listings I agree they're usually a scam!
Thank you for all your videos
I don't like giving EBay 10-15% of my money. I advertise local this way here they get to see what they're really buying and no third party gets a cut!
Great advice for prospective sellers. I know for myself if the pictures are blurry, even a tad blurry..I won't bid on the item. I feel like the seller is trying to hide something..taking good pictures does take time but it's not rocket science, in focus pictures can be done.
Daniel after watching your 1942 P Proof video I remembered I had a 1942 Proof set. I found it!! And yes I have a gorgeous 5c 1942 Proof. I’m going to send it in to PCGS and hopefully get a nice high grade. Thank you for all of your videos. What imaging tool do you use?
Nice
I agree that an excellent image of the coins will help maximize the final selling price. This is why I buy the coin, not the holder. Sometimes I will buy a raw coin because I suspect the actual coin will look better than the description. Am I happy with the coin I receive? Most of the time I feel the coin I receive is undergraded and worth more than what I paid. For example, I recently won a 1927-S SLQ. Most of the time this date is for sale in AG-G and I wanted a better mid-grade coin. In this case the seller graded the coin as VG. The scan of the coin showed more detail than a coin in VG. When I got the coin it's at least in Fine. But then again, SLQs are difficult to grade, especially Type 1s.
Like you say a lot goes into the desirability of a slabbed coin. The slab, the lustre, the toning, milk spots, black spots, etc, etc, not to also forget the pedigree. These daft price guides on pcgs and ngc just take the highest price sold at auction and a lot of sellers then think that is the grade price.
💯
I always appreciate the knowledge.
Excellent information Daniel. Thank you.
"You can cheat people and make more money, but we're talking about the honest way of doing it." Oh man, looks like I'm in the wrong place... nah just kidding. 😂
There's some good tips here. The over sensationalized titles are a good thing to advise against. It really does give a bad impression, makes you look like a con artist with clickbait like that. I also never thought about scheduling. Having it end on Sunday is a smart idea. Wonder why I never thought of that 🤔
Anyways, thanks again for all the content!
I wish we could report more people on eBay. So much garbage. Anyway--it's a good way to learn what not to do. Another great video. Thank you!
Good advice for the honest seller! Why do all that when I can go on Whatnot and sell 1921D morgan dollars and sell the coin by saying it was the lowest mintage 1921 coin. I literally heard a whatnot coin dealer say that, and the coin sold for 80% more than it should have. I am kidding, of course. I have way too much respect for myself than to sell like that on Whatnot.
Thank you!
Great advice
Hello have a question for you today I found a old nickel up here in Canada, I found a 1919 Philadelphia nickel was really surprised. Also I notice two small letters punched into the coin there is a f punch under the last 9 and harder to see a l near the rim have you have any clue what this is I will await your reply.
They sometimes use stock images.
The Succesfull Always be With You Sir,and Now i Want to Sell It All in my Hand by The Old Parents But Now i'm In Indonesia,East Nusa Tenggara and How To Do It Sir?And Thankyou So Much Before to Do It and GBU
I appreciate You I beleive Vou are Genuine! I have aquired agreat deal of coin from from a relative who was a horder from the early 1900's . i wont't reachout to find an appraisel... cause of deceit and mistrust I have in this world! I will hold onto my collection and let my Adult children work on the apraisel!
I'm just a collector. My LCS pays 70% of greysheet. I'm not looking to make a profit. I just want better value when I sell.
Then sell it yourself
@@CoinHELPu I will. I'm in collector mode now. In 15 years, I'll shift to seller mode as a retirement funding source!
Thanks - I currently have a microscope/camera --not sure if the quality is enough
Yup, the Keystone photo look sells better.
I don't intend to sell, question is will those who inherit know how to make the most out of selling it ?
That’s who this video is for, you got to become a dealer to get the most money out of your coins.
Sunday nite football is not a good time to end an auction
Not everyone watches football and football isn’t all year round, and if you think that way then others will too and think it’s an even better opportunity to get a coin for a lower bid, since people are watching football.
Ive got to several LCS to get bids on some ASE and maples. All of them wanted a 30%-40% haircut with a 30-40% markup. Oh andn their inventory was laughable. Junk silver and some basic morgans. One of them had zero gold and the others had 3 and 5 pieces respectively. I get the fact its a business and they are there to make money. But eventually they will go the way of the dinosaur. Ill stick with Bullion Exchange for buys and pick up 5% cashback to offset the premium or in many cases have it go negative.
This isn’t about dealers or negativity, this is about how to sell your coins for more. If you want dealer privileges then open up a brick and mortar and invest all you got in it, all your free time and money and quit your day job. Then let someone like you come along and tell you how to run it and bash you.
@@CoinHELPu i quite my "day" job 15 years ago. I have no qualms about folks making money, but running an 40% margin going AND going out is just greedy and foolish. Especially when its a low margin, highly liquid product with bigger retailers with far less overhead. its a volume game. thats it. and yeah there's collectable stuff out there and its a fun hobby, but thats about it. A hobby for both the dealer and the collectable. and fwiw, i dont sell unless its converting gold to silver or vice versa, only buy. its our insurance policy. and im not bashing you personally, but many MANY LCS have become basically pawn brokers from what I see.
I learn so much from your videos it's appreciated
First advice: SKIP EBAY!!!
The top dealers sell on there and the best dealers sell on there too, so this is not good advice. You don’t ever limit your options based on emotions if you any to be successful in business.
Silver is freedom!
Im so tired of paying feebay over 13%, for every coin I sell. Then I most likely have to pay for the shipping. My profit margin can go down to almost nothing. I sell some coins on youtube live auction sites and make more money there, than selling on feebay.
✳️we 😺😾 Opal an Wezie an Me enjoy your show each morning
The talk now should be only about the US Mint 2024 flowing hair silver medal and the gold coin. SO much going on with the silver medal! Then the Nice Gang's Eighth Era doing business with NGC and the US Mint to get the 2024 Silver Eagle with the star privy mark. It's unfortunate that only a couple of TH-camrs have talked about either. The Baltimore show will be going on when the 2024 gold flowing hair coin will go on sale there. Wow! That will be more epic than can be believed! Will the US Mint director be there to sign COAs? Then after the hype for these coins and the medal, talk about the 2026 coinage with CCAC! O'h yeah, isn't DC Comics and Warner Bros will be doing business with the US Mint! Come on guys do I need to start podcasting too?
Don't sell your coins.
I did years and regret doing so.....I will sell plasma before I sell another coin.
Get a second job......go work a second shift......and if you do sell.....just don't sell until way down the road where you won't care about this offer vs that one.....the spread will be so huge.
This is about selling them yourself
Is a 1837 no star large date seared half dime worth what it says on google ? Ive got other coins that are rare like this I think
Google is not a price guide. Only use Google to look up a price guide website.
Morning Sir!Thankyou For The Information To The Seller of The Old Money Liberty and Alls of It and by The Information We Hope The Number Phone to Call Sir Because It's All In Our Hand and Thankyou So Much before For Replay to Us and Our GOD Always Blessing In The Guide of Our LORD.