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I want to sell three rare U.S. coins. Don’t know how to do that.

Posted by John T. Reed on

Further on the sale of rare coins. I called Heritage San Francisco. They only accept coins for auction if the predicted sale price is $5,000 or more. The first one I want to sell is appraised at $625 by PCGS—1928 Peace Dollar, minted in Philadelphia, not San Francisco, with a grade of MS 63.

So I cannot sell THROUGH Heritage, but I can sell TO Heritage. I doubt they would be the high bidder.

So that takes me back to the Internet. I have never sold anything on eBay so I have no reputation there. But I have been in business selling my real estate and other books since around 1980. I do not know if I can point that out on eBay.

I can also try my own web store, although it is not rare-coin oriented. And that operates by credit card. I would have to tell a buyer that payment must be by check, with me shipping the coin after it cleared.

If I am going to sell to a dealer, I need to visit a number of them. Maybe I should go to the Sacramento coin show one reader recommended for that purpose—as a more efficient way to do that. I also would take two other coins: an 1857 $3 gold piece rated XF45 by PCGS and an ungraded, but certified by PCGS, genuine F detail 1839 seated drapery half dollar. So I could amortize the cost of the trip to Sacramento over the three coins if I sold them there.

Appreciate any advice from readers who know rare coins.


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