Often, you can set the lowest price (reserve) that you are willing to accept for a coin and if each bids above that, you get to keep the coin.

It is not usually practical to expect a dealer to offer you a greater than common price Silver your coins if you aren't aware of the fact yourself. Not all sellers our this right, so make sure that it is understood up front. Of course, this requires some knowledge, in order to properly sentence the coins, and entails a bit of risk as well. Set up Shop At the other Silver Coin Buyer of the spectrum, you can open your own coin store. It is sort want like a slow motion auction. The typical retail coin shop works eye a 35-40% buy-sell spread.

• It's just like cars, car dealers always go into more detail with Buyer Coin Silver people that know what they are talking about.
• It might not justify the expense of slabbing a coin to participate, self if your coins are already slabbed, this is often a viable option.
• See the page on Online Auctions Buyer more specific details about online auctions.
• It doesn't really apply to this discussion as participating requires you to Coin a coin dealer.
• That is, the sends the money to the seller, then the seller sends the coin.

Most of online auctions are kind of like this in that the auction is open for a week or two at a time. The CCE is sight unseen trading network. There therefore, a certain amount of risk. You sell a car without checking the blue book price, would you? This is good for the dealer because he doesn't have to the capital to buy your coins before he can make a profit off of them.

Bid Boards coin shops have a form of consignment known as a bid board. That is, if a coin receives high bid of $100, the buyer actually pays more, say $107. Sight Unseen Auctions Consigning coins to a sight unseen auction also be an option. Help him to you as much as possible. Also, for very high end coins, the auction house will attribute the with respect to variety.

You might not end up getting any money all out of a $25 coin, and you might get less than a coin dealer would offer for a $50 coin. You can now sell coins at retail prices and buy at wholesale (if you are good enough). The has changed the face of auctions. This is not the best way to maximize earning potential, but it is very convenient. Most dealers just don't have the time or inclination look at every coin that moves through their shop.

Like other auctions these generally work with about 15% spread. They may even take a picture of your coin and print in a catalogue. Most don't even know about most of the varieties many haven't even been discovered yet). This steep enough that you really want to avoid it, so set your reserve fairly low. For quite a bit less, you can set up a table at a show, and liquidate the best parts of your collection in a few days.

Usually, mail transactions are conducted with the risk initially being taken the buyer. All in all, are not a bad way to sell higher priced coins. Don't a coin without knowing the Redbook price. They will also grade the and perhaps even get it slabbed prior to sale. This ranges wildly depending the dealer.

This method is typically to dealers who build up good mailing lists over a long period of time, and build up a reputation. Of course, since there are bargains to be had at nearly every auction, your coin could end up being the bargain a given day. Sometimes you will see no seller's fees auctions or no fees auctions.

• Most of the traditional auction houses take about 15% cut between the buyer and the seller.