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Coin Buying and Selling
- Direct Sale to Coin
Collectors
You should carefully consider the available options and their advantages and
disadvantages before proceeding.
Sellers often express a desire to sell directly to
collectors to reduce or eliminate the 20% or higher commission charged by coin
dealers.
Advantages
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Potential to sell
some items at a higher price than dealers typically pay. |
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Satisfaction and
fellowship from association with other collectors. |
Disadvantages
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Very few collectors
(even out of a large club) will want to buy your coins at the same time you
want to sell, especially if your collection consists mostly of common items
such as worn silver coins. |
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Collectors don't want
to pay full retail price unless they have a strong desire for a particular
(usually hard-to-find) item. |
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If you advertise too
widely that you have coins for sale (for example, in a newspaper classified
ad), you could expose yourself to risk of theft. |
Advice
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If you do wish to
sell directly to local collectors, you should join a
coin club and meet other members who have collecting interests similar to
your own. Some clubs have auctions, which works best for moderately
priced items that have a wide collecting interest. |
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Alternatively, you
can ask that an announcement concerning your coins for sale be made at a club
meeting or in a club newsletter. Click here
for PNNA advertising information. |
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