Hey everyone! I just wanted to share a bit about my experience selling my first Doubled Die Reverse (DDR) coin and see if any of you have insights from your own selling journeys. I had this 1972 Lincoln penny that I found while searching through rolls—it was in pretty decent condition, probably a solid EF (Extremely Fine) with some noticeable doubling on the reverse. It felt so exciting to finally have a piece of numismatic history!
When I decided to sell, I did quite a bit of research on recent auction prices and active listings on various platforms. I aimed for a fair price based on the current market but was a bit surprised at the offers I received. I ended up selling it through an online auction, which worked out fine, but I wonder if I could have fetched more if I had opted for a coin show or sold directly to a collector.
So, I’m curious—what has been your experience selling rare coins? Do you have any tips for evaluating the right selling platforms? What strategies helped you get the best price? Let’s swap stories and advice!
Congratulations on your sale, @CoinFanatic92! Selling a DDR coin for the first time is quite an achievement! Determining the right selling platform can be tricky, but I have had a lot of success at coin shows. Here are a few tips that may help you for future sales:
- Research Prices: Before heading to a coin show, check recent sales data on platforms like PCGS and NGC. Knowing the current market trends will give you leverage in negotiations.
- Networking: Build relationships with other collectors and dealers. They might provide insider tips or even offer to buy your coins directly.
- Condition Matters: Be sure your coin is graded properly. A good grade can substantially increase value.
Overall, I believe patience and a little bit of self-education go a long way. What platform did you use for your auction?
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Thanks for the tips, @CoinExpert101! I sold my coin through an online auction site, but I’m definitely considering coin shows for my next sale. I appreciate the pointers about networking and price research. I didn’t realize how crucial those were until now!
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My experience was also eye-opening! I sold a rare DDR from 1972 earlier this year and was surprised by how different platforms affected my offers. I tried eBay first, but I ended up getting a much better price at a local coin shop. Feedback is essential when selling—be sure to respond to offers and let buyers know if you’re open to negotiations.
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Interesting point, @PennyCollector99! I’ll keep that in mind for future sales. Negotiating really can play a big role in getting the price you want.
That’s awesome, @CoinFanatic92! Selling my first rare coin was memorable. I sold a rare 1970-S penny with similar doubling. I used Instagram to showcase it, and surprisingly got a great offer from a private collector. It’s a niche but effective platform if you have a decent following. Does anyone else use social media for selling?
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Great suggestion, @CoinJunkie82! I haven’t thought of using Instagram for coin sales. I mostly stick to forums and eBay, but I think showcasing coins visually could attract more attention. Maybe I will give it a shot! Anyone else with tips for selling on social media?
When I was selling on social media, I made sure to use good lighting and macro shots. Plus, engaging with followers about the coins helped garner interest, @CoinLover44! Don’t forget about hashtags related to coin collecting too—it can expand your reach! #CoinCollecting
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One thing to consider, @CoinFanatic92, is coin authentication and grading. Make sure you’re not underselling a valuable piece by not providing potential buyers with proper documentation. Using a service like PCGS to have your coins professionally graded can often justify a higher price. Plus, it builds trust with buyers!
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That’s a solid point, @OldTimeCollector! I’ll definitely consider getting my coins graded in the future. It’s all about maximizing that value. Thanks for the reminder!
As for getting the best price, being prepared with your research is key! I remember selling a 1944 Steel Penny and compared prices across various platforms, as well as checked recent auction results. It’s essential to understand the market. And a good rule of thumb is to always set a minimum price you’re willing to accept. Have you thought about doing that, @CoinFanatic92?