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Selling coin collection

Posted on 12/26/23 at 11:09 am
Posted by Sixafan
Member since Aug 2023
947 posts
Posted on 12/26/23 at 11:09 am
About to sell off some coins for some needed money. Haven’t sold any ever. Does anyone have any good references on places to sell coins too. Coins, proof sets etc. in Louisiana or online. Thanks.
Posted by LSURussian
Member since Feb 2005
128739 posts
Posted on 12/26/23 at 11:47 am to
I guess Ebay is too obvious of a way to sell coins, right?
This post was edited on 12/26/23 at 11:49 am
Posted by BamaGradinTn
Murfreesboro
Member since Dec 2008
27193 posts
Posted on 12/26/23 at 11:52 am to
quote:

I guess Ebay is too obvious of a way to sell coins, right?



Actually, it may be too obvious, in a bad way. I know a guy who went to federal prison for selling coins on Ebay and didn't have the coins to deliver.

Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
43832 posts
Posted on 12/26/23 at 1:22 pm to
What's in your collection and how much you want for it?
Posted by bovine1
Walnut Ridge,AR via Tallulah,LA
Member since Dec 2004
1313 posts
Posted on 12/26/23 at 2:33 pm to
My FIL loved to collect and sell coins. He used Ebay to sell his. Researching closed auctions gives you some idea of what you can expect. I also know people that sell theirs at coin shows.
Posted by lilyankems
Member since Sep 2004
681 posts
Posted on 12/26/23 at 2:43 pm to
Send me an email at gschel86@gmail.com with what you are selling and asking. If I am not interested I can direct you.
Posted by Saul_Goodman
Lafayette
Member since Dec 2023
371 posts
Posted on 12/26/23 at 2:45 pm to
I know a guy.

Posted by fallguy_1978
Best States #50
Member since Feb 2018
50643 posts
Posted on 12/26/23 at 6:34 pm to
Blanchard Gold in New Orleans
Posted by gerald65
Moss Bluff, LA
Member since Jul 2020
710 posts
Posted on 12/26/23 at 10:38 pm to
I am getting up in age and have a small coin collection, I don't have any children that are interested in coins.
Several of the old coins might be worth some real money, I just don't know if the coins are worth a hundred or thousands.
Sixty years ago, I knew some were fairly rare, so I have held on to them.

What is an Indian head penny generally worth. Or the Liberty standing coins. Got a few Buffalo coins. A few coins date back to the 1800's. I have not looked at them in 30 years. There are maybe 20 fairly rare coins and 20 or 30 more that might have some value.
Posted by cadillacattack
the ATL
Member since May 2020
5846 posts
Posted on 12/27/23 at 6:48 am to
It sorta depends on what you have … is it a few numismatics, a curated collection, a mixture of constitutional silver with other?

For example, … an extensive collection of colonial coins, or mis-strikes, or shipwreck silver/gold, etc

I’ve used Heritage on several occasions … they’ve got a division that focuses on private collections and rare/ancient coins and they have periodic auctions …. You can read more about them here:
https://www.ha.com
Sure, they take their percentage, but they reach a wide swath of Buyers ….. which means you usually get a reasonable sell price.

If you are only looking to sell only a few pieces, I would recommend some of the online dealers that publish their buy-back rates online. Provident Metals in Dallas is one I’ve used, APMEX is good too.
They may not have a published rate for your particular coin, but the fact that they publish rates online at all is reputable.

If you have one of the big coin shows being held near where you live, like the annual Money Show, you can meet with the Buyers from the big online houses …. they are usually knowledgeable and a good future contact to have.

For coin fair market valuations, try:
https://www.usacoinbook.com/

Good luck, and good fortunes ….

This post was edited on 12/27/23 at 7:01 am
Posted by SquiggyFreud
Lafayette
Member since Jun 2014
9 posts
Posted on 12/27/23 at 3:15 pm to
I sold 50, 25 2.5 and 5 dollar gold pieces, Carson City silver dollars, proof sets all kinds of things my folks had. You have to find someone willing to pay for it to have value, if it was used in jewelry or not in perfect shape it will likely be melt prices. We used a guy in Lafayette, felt like a fair deal. Think the name was Bryant Gemstones. We ended up with about 25k from the sale.
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
5067 posts
Posted on 12/27/23 at 7:22 pm to
Pawn shops are the ABSOLUTE worst place to try and sell coins( or anything else).

The OP, what coins are you looking to sell?

Several on-line dealers like Gainesville Coins, Provident will be willing to purchase them.

Try and see if there is a local coin dealer in your area.

Posted by sdc74
Houston
Member since Jan 2007
1204 posts
Posted on 12/27/23 at 10:59 pm to
I recently inherited a LOT of old coins, about 20 gold coins, 170x old 100 bills, 30x old 50’s, and a crap load more of 20’s, 5’s and 2 dollar bills. Oh a lot of old confederate bills and silver certificate 1’s.

I know some of the coins have some value but it’s just to much to sort through.
Posted by leeman101
Huntsville, AL
Member since Aug 2020
1727 posts
Posted on 12/28/23 at 6:23 am to
Surely there is a coin club and some numismatists in your area. Google for any up coming coin shows in your area. Numismatist are obsessed with old coins. Some places just care about the silver or gold content value.
Posted by Twenty 49
Shreveport
Member since Jun 2014
19339 posts
Posted on 12/28/23 at 4:29 pm to
We inherited some containers of coins. Nothing special. Just a big assortment of junk silver coins, wheat pennies, war nickels, a few foreign coins (some silver), etc.

I reached out to the president of the local coin club, and he directed me to a local shop that he said would be interested in such coins and would give a fair price. They went through them, told us what each type of coin was worth (which was consistent with the little research I had done), and paid us on the spot. We were very happy with the whole transaction.
Posted by Sixafan
Member since Aug 2023
947 posts
Posted on 12/29/23 at 4:55 pm to
Thanks. Will look them up.
Posted by Hayekian serf
GA
Member since Dec 2020
3069 posts
Posted on 12/29/23 at 6:39 pm to
Agora Auctions does a great job. I’ve bought coins from them many times. I’ve never sold, so I’m not sure what that side of the operation is like, but I’ve had zero issues buying off their auction app.

In fact I look forward to them.

Posted by UnoDelgado
Covington
Member since Nov 2019
580 posts
Posted on 1/1/24 at 5:12 pm to
Second on Blanchard.
Posted by umrebel2009
Member since Feb 2010
7537 posts
Posted on 1/1/24 at 5:39 pm to
Local coin shop
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