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
 |
Potential to sell some items at a higher price than dealers typically pay. |
|
Satisfaction and fellowship from association with other collectors. |
Disadvantages
|
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. |
|
Collectors don't want to pay full retail price unless they have a strong desire for a particular (usually hard-to-find) item. |
|
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
|
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. |
|
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. |
