What is it that local coin dealers actually buy?

[Magers]

I've never been successful in selling anything other than silver or gold to coin shops. I know they get their inventory from somewhere, is there something I'm missing?

[admrose]

I've never been successful in selling anything other than silver or gold to coin shops. I know they get their inventory from somewhere, is there something I'm missing?

They get their inventory from the same place most people do; coin auctions. They'll buy from you if it's something that they really want and can't get anywhere else but for the most part the auctions are where they get their stuff as it has the best profit margins. Everyone buys gold and silver because they can buy it below spot and sell it at a premium i.e. instant profit.

[Maineman750]

That would be a good question to ask your local coin dealer...I'm sure the answer varies.

[Magers]

I was attempting to sell pcgs and ngc graded coins... for rather cheap. 30 quarters from '32-'59 including 32-D and 32-S... you think that would garner a little imterest.

[Maineman750]

I was attempting to sell pcgs and ngc graded coins... for rather cheap. 30 quarters from '32-'59 including 32-D and 32-S... you think that would garner a little imterest.

Yeah, you would think that would be easy...but why don't you try eBay ? Or PM liveanddievarieties ?

[GrumpyEd]

Some BMs are more into bullion and mint products, collector coins aren't big sellers for some shops.
Some don't know or care much for varieties, it's not a big seller for them.
Probably not good for selling to them.

Try the monthly show, you might need to offer to all the dealers but someone will probably offer for what you have.
Of course you can probably do better if you sell your stuff on ebay.

Do you go to the local show?

http://www.numismaster.com/ta/inside_numis.jsp?page=CalendarEvent&CalendarDayId=41626

[Magers]

I had some car stuff come up and needed some cash quick. Thats the only reason I was selling... figured I'd sell off the whole collection that way I don't regret selling a few pieces I'm just going to have to find again.

[Magers]

Some BMs are more into bullion and mint products, collector coins aren't big sellers for some shops.
Some don't know or care much for varieties, it's not a big seller for them.
Probably not good for selling to them.

Try the monthly show, you might need to offer to all the dealers but someone will probably offer for what you have.
Of course you can probably do better if you sell your stuff on ebay.

Do you go to the local show?

http://www.numismaster.com/ta/inside...darDayId=41626

Yeah, at the elks club. I go about every other month. I'm most likely going to ebay it.

[Roller]

The local shop I spend some time in a few days a week buys just about everything, at the right price, including stamp collections and loose wheats and other coins even if not silver or gold. Then again, I've been present in others that don't.

[hasfam]

Our local coin shop gets people in to sell their stuff all the time, everyday. And he buys everything off the "buy sheet". Sells it the same way. You might be able to negotiate a better price if the coin has been sitting in the case for 10 yrs.

[DCW]

Why not put it up for sale here at the LCR? Hope your car troubles turn around for you. Good luck

[Antiquity]

Why not put it up for sale here at the LCR?

I agree.

A lot of us collect more than just Lincoln Cents and would probably be more generous than a dealer, especially if we knew it was going to help out a fellow LCR member.

Cant hurt to post it in the trading post to see if you get any nibbles.

[liveandievarieties]

Many dealers have specific buying habits- as a B&M dealer, a person focuses on what they feel they can do best making a profit on. Some dealers concentrate heavily on bullion, paying melt value for collector coins because they don't have a clientele for numismatic items. Other dealers focus on more collectible coins and pay a bit less for Morgans or bullion.

Selling to a dealer with a storefront can be tough sometimes. Ryan, is it safe to assume you've already tried Excelsior Coin in Mesa?

[admrose]

Or even eBay; but for the love of all things holy please sell them piecemeal and not as a lot.

[coppercoins]

Or even eBay; but for the love of all things holy please sell them piecemeal and not as a lot.

Sometimes people don't have the time or patience to run them separately. Agreed that the profit 'can' sometimes be higher selling a collection as individual coins, but sometimes it makes sense to sell them as a lot. Fewer fees, less time to sell, and the low value stuff goes with the more attractive stuff, leaving you nothing at all versus a pile of unwanted remnants.

Sometimes it is well worth selling a lot as a lot. Just depends on the factors.