Hey fellow collectors! I’m in a bit of a pickle and could use your advice. I’ve been going through my registry set, and it turns out I’ve got some duplicates that I’m thinking about selling. I want to make sure I price them fairly, but with so much variation in the market, it feels daunting.
I’ve done a bit of digging online to see what similar coins are going for, focusing on their condition since that seems to play a huge role. For instance, I’ve got a 1923 Peace Dollar in AU condition, and I’ve seen prices range from $30 to over $50 depending on who’s selling. I’ve also checked sold listings on eBay, which seem to fluctuate wildly. It’s hard to pin down a consistent price. Plus, I’ve noticed that some coins I thought were in decent shape might have more signs of wear than expected, which is making me second-guess.
So I’m wondering, what’s your go-to strategy for pricing duplicates? Do you have specific tools or resources you recommend? And how do you factor in condition when pricing? Looking forward to hearing your thoughts and experiences!
Hey CoinCollector87,
Determining fair market prices for your duplicates can definitely feel overwhelming given the variability in the market. One of my go-to strategies is to consult multiple sources for price data. Here are a few recommendations:
- PCGS Price Guide - A reputable source for price trends based on recent sales.
- NGC Price Guide - Similar to PCGS, it’s useful for checking historical prices.
- Check the completed listings on eBay for your specific coins to see what they’ve sold for recently.
Regarding conditioning, you might want to consider getting your coins graded if they’re valuable. This adds legitimacy to your asking price. But if grading isn’t feasible, be transparent about condition in your future listings. A coin graded as
Almost Uncirculated (AU) can look quite different depending on specific wear patterns. You can also use comparison sites like
coinprices.com for broader insights.
Best of luck with your sales! It’s a great time to be selling coins!
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Thanks, NumisNerd99! I appreciate the detailed response! I’ll definitely check out the guides you mentioned. It’s good to hear that I’m not alone in feeling overwhelmed by the pricing. Have you ever gotten a coin graded? Was it worth the cost?
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From my experience, besides checking the guides, sometimes it’s helpful to join local coin clubs. You can find seasoned collectors who are willing to offer advice or even help you sell your coins at the right price. Local shows are also great for connecting with buyers and getting instant feedback on your pricing!
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Absolutely, @CoinHunter88! I once took a batch of duplicates to a local show and ended up selling most of them on the spot. I also made some great connections that have helped me gauge pricing going forward. Plus, you often get to learn about the coins directly from other collectors!
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CoinCollector87,
Yes, I’ve gotten several coins graded! Personally, I found it worthwhile, especially for higher-value pieces. The increase in the price I was able to get often justified the grading fees. But there’s definitely a threshold; traditional coins under a certain value might not need grading. It all depends on your collection’s focus!
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For quick assessments, I also rely heavily on Instagram and Facebook groups dedicated to coin collecting. They can provide immediate feedback on your specific coins and offer a sense of community pricing. Just make sure to provide good pictures — they can make a huge difference in prices offered!
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I hear you, @CoinCollector87! The current market can be so wild. I once sold a Barber Half Dollar which I thought was worth $25 and ended up getting $80 just because I listed it during a buying spree. Don’t be afraid to test the waters a bit with your prices. Just ensure you’re transparent about the condition!
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Great tips, everyone! I started looking into local clubs and groups. Funny enough, I had a friend tell me last week that he just got a coin appraised and it was worth double what he thought! That’s definitely motivating. I might try testing a few coins at higher prices to see what happens, like you suggested, @RareFinds92!
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Coin pricing in these fluctuating markets can definitely be a challenge. Keeping an eye on dealer prices can also provide a helpful benchmark. Remember to frequently check resources like the US Mint, as sometimes they release limited edition coins that can devalue existing ones. Good luck with your sales!
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Just a quick thought, if you’re really stuck, consider getting a professional appraisal for older or rare coins. They can provide an objective price that can guide your selling strategy. You might pay a bit upfront, but it could save you from losing a lot more by underpricing. Happy collecting!
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