If a buyer suspects that you have misrepresented a coin with an obvious defect, this will hurt your rating and lead to overall lower sales prices. Accurate descriptions will serve you in the long-run because buyers will know exactly what to expect when they receive their coin, and then they will leave you positive feedback. If there are noticeable scratches, dents, surface damage or any other distracting characteristics, describing them accurately and honestly. Look at your coin carefully and describe it's condition in the description portion of your listing. Image Courtesy of: Heritage Auction Galleries, Ha.com If a buyer does not trust you, they will not be willing to take a risk of buying a valuable coin from you in the future. This is most important if you plan on selling higher value coins. Additionally, you will not build the trust of prospective buyers on eBay. If potential buyers believe that the coin is over graded, they will shy away from bidding which will result in a lower final price or maybe the coin not even selling. For beginner and intermediate coin collectors, I would recommend Making the Grade by Beth Deisher.ĭo not over-grade your coins. You can use an online grading guide or buy a printed grading guidebook to grade your coins accurately. Secondly, to determine the correct value of your coin, you must accurately grade it. Wholesale prices are usually 50% - 70% of what is listed in the retail price guides such as the Red Book, and Coin Digest. The Blue Book and Coin Dealer Newsletter (aka, The Gray Sheet) give average prices that dealers are paying for U.S. Images Courtesy of: Heritage Auction Galleries, Ha.comįirst and foremost, you need to identify the coin you are going to sell and get an approximate value of the coin's wholesale price. Sell about 10 to 20 low-value coins before you start selling intermediate and high-value coins. Additionally, if you make a mistake your error will not cost you a high dollar value coin. After you have built a reputation as a trustworthy seller you may then start to sell your higher value coins. If you never sold on eBay before, start by selling low-value coins first before you start selling your high-value coins. After you get your account set up you will be ready to start selling coins on eBay so you get the most money for your coins. Set up a PayPal account to receive paymentsĮxperts at eBay and PayPal have created these easy-to-follow step-by-step articles that will guide you through the process of how to become a first-rate eBay seller and verified PayPal member.Selling an item on eBay is as easy as 1-2-3. Image Courtesy of: Joe Raedle/ Staff/Getty Images News/Getty Images Selling coins on eBay and using PayPal to receive payments.
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