HOW TO SELL COINS

Answer: Sell them to Me! [Click Here]

Wholesale Price and Retail Price

Generally, when you buy a coin you will pay retail price and when you sell a coin you will realize (be paid) wholesale price. The difference between the two supply the profit for the dealer.   On the open market, such as an auction or on a wholesale site, what somebody is willing to pay to buy a coin is termed the 'bid' price.  What someone is willing sell the coin for is called the 'ask' price. 

BlueSheet vs. GreySheet

These two periodical trade papers supply bid and ask prices for various coin types and conditions.  The BlueSheet is the amount for a coin that is sight unseen. That is, if you call up a coin dealer and ask "how much is my coin worth", the dealer will look up your type of coin and get the BlueSheet  value for that type of coin in average circulated condition.  If you bring you coin into the shop, and the dealer is then able to properly view and grade your coin, he will look up the price for that particular coin condition (good, fine, uncirculated, etc.)  and provide you with the 'ask' price, what he is willing to pay for the coin.  'Brick and Mortor' coin shops need to pay rent, payroll and the employee rolls. Internet sites need to recoup development costs and pay operating costs. For these reasons, what offer you receive on a coin will usually be some percentage of 'ask', not the full price. This 'spread' allows dealers to recoup their costs and provides a market for our coins.

Use Pictures

Use honest shipping and handling fees.

Practice honest and dedicated communication, give people a chance to make things right.

The Golden Rule

Think of your customer, the buyer. Imagine yourself a young aspiring numismatist at home. They have just won their first auction and sent off their hard earned allowance money via their mothers personal check. They are now checking the mailbox every single day waiting for the coin YOU are shipping to arrive. Put yourself in their size four shoes. Would you like to get your hopes up in anticipation to receive the coin you just sold?