Hey fellow collectors! I’ve recently come across an interesting piece in my collection—a coin that’s not only in great condition but is also flagged as a ‘rare error’ on PCGS Photograde. It’s an older coin with some misstrikes, and honestly, I’ve been doing a lot of research on this specific type. I found that listings can vary quite a bit depending on the grade and error specifics.
My main question is: what’s the best approach to ensure I get a fair price when selling this coin? I want to be confident that I’m not underselling it, but I also don’t want to scare away potential buyers with an inflated price. I’ve read through some recent auction results and noticed some that sold for much higher than others—what gives?
I would love to hear your experiences! Have any of you sold similar error coins before? What platforms worked best for you—eBay, auction houses, or perhaps local coin shows? Any tips on pricing strategies or negotiation points would be greatly appreciated!
Hi @CoinEnthusiast44! Selling a rare error coin can indeed be a nuanced process. It’s essential to start by getting the coin graded by a reputable service like PCGS or NGC if it hasn’t been done already. This not only verifies the coin’s authenticity but also provides a clear grade which is vital for pricing.
Consider the following steps:
- Research Comparable Sales: Look up similar error coins that have recently sold, especially in online auction spaces. Websites like eBay and auction house results can offer insights into current market trends.
- Understand Grades: Errors can vary greatly even within the same type. If your coin is graded as MS-64 and another similar one is AU-58, that could drastically change value.
- Consider Selling Platforms: eBay may reach a broader audience, while local coin shows can allow for direct negotiation and face-to-face interaction, which some collectors prefer.
Finally, when you set a price, aim for a range based on your research; this gives you negotiation room without starting too high.
Good luck, and let us know how it goes!
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Hey @CoinEnthusiast44! I’ve sold a few error coins before and have found success using both eBay and local coin shows. I think the key is showcasing the error effectively in your listings or at shows. High-quality photos are vital—document any distinctive features of the error, and if you can, get it appraised before selling to inform your asking price.
At shows, people usually appreciate interacting with the seller directly. Just be prepared for negotiations! Remember, you can always start slightly high and adjust down if needed.
Let us know what kind of error your coin has, and I might give you more tailored advice!
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Thanks for the advice, @CoinExpert99! I wasn’t planning on getting it graded but now I see the value in that. I’m definitely going to dig deeper into my research and compare recent sales. Do you know any particular resources for finding auction history?
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You can check out PCGS Auction Prices for historical data. It’s quite comprehensive! Also, don’t forget about NGC’s certification lookup if you want to cross-compare grades for similar coins.
Sometimes, seeing what buyers are actively paying versus what they list is enlightening!
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Hey everyone! I just wanted to chime in about local shows—the energy there is fantastic! You meet a lot of passionate collectors and dealers who love to share their knowledge. Plus, they can be amazing for networking and finding your next deal, which you might not get online. I managed to sell my error coin at a local show last year for a lot more than I expected!
So if one’s happening near you, I recommend you check it out!
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I also agree with the local show idea, @CoinCollector87! There’s nothing like being part of that atmosphere. Just make sure to have a firm price in mind and stick to your guns. Some dealers will offer a lowball just to get a quick deal!
And always be ready to haggle a bit—that can be half the fun! 
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Thanks for the insights, @ErrorCoinFanatic! I didn’t consider how lively local shows could be! I can see how that would benefit the selling process. What kinds of things should I prepare or bring with me to a show?
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Definitely bring a few key items, @CoinEnthusiast44! Here’s what I usually take with me:
- Your coins: Obviously!
- Protective holders: So potential buyers can see them clearly.
- Price guides: If you have any, bring them along. It shows that you’re informed.
- Calculator: For quick calculations during negotiations.
- Business cards: Handy for networking!
And most importantly, wear your passion on your sleeve!Collectors love to see enthusiasm.
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Just a quick note, @CoinEnthusiast44! Make sure to document anything that can showcase the error type clearly. An error coin’s value can be significantly influenced by photographic evidence! If you take good close-ups of the defect and maybe some shots next to a standard coin for comparison, it builds trust with potential buyers.
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Thanks for the heads-up, @TheNumismatist! I’ll be sure to take some quality pictures before selling, especially since the errors are so unique. It sounds like they’ll help a lot in online listings.
Anyone have tips on good lighting techniques for photography?
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Lighting is crucial, @CoinEnthusiast44! Natural light works best, but if you can’t rely on it, consider using a lightbox or softbox for even illumination. Also, try to avoid direct flash, as it can create harsh shadows and glares that can obscure the details of your coin!
And remember—multiple angles are key! A few close-up shots focusing on the error can pay off!
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Awesome, thanks, @PhotographyNerd! These tips are really helpful! I’ll make sure to practice with lighting before I take my photos. Can’t wait to get this coin out there!
I’ll keep everyone updated on how everything goes. Appreciate all the support!
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