RSS

“I saw this coin going for $800 online”

16 Jan

1a

Customer: “I saw this coin going for $800 online and I’d like to sell it for that.”

Coin Buyer: “Where did you see it at that price?”

Customer: “Google. And I think it’s 24 karat”

Coin Buyer: “24 karat what?”

Customer: “Gold. And another dealer said it’s super rare and offered $800 for it.”

Coin Buyer: “Here’s what I see” [Displayed on in-shop monitor for guests to see]

FROM NGC WORLD COIN PRICE GUIDE

Great Britain 1/2 Penny KM# 789

1898

Composition: Bronze

Weight: 5.7000g

Diameter: 25.5mm

MINTAGE: 8,595,000
RECENT ONLINE SALES HISTORY $1.20

We hear this often in our shop at NwPlaza Coins.  A customer brings in what they think might be a high value coin, usually in low grade or damaged saying they saw it going for a high dollar amount online.  We don’t want to be the bearer of bad news so we show guests the actual value a coin in that condition has sold for, not necessarily what someone is hoping to get for it.  We use references that you can also use at home when searching for coin values and always encourage people to be educated sellers.  As mentioned in our previous blogs, we also look at rarity, desirability and condition in determining a coin’s worth.  Visit our website at: NwPlaza.Com for great resources to help find the value of your coin. You can also bring in your collection this weekend for a free valuation or to sell to one of our Antique Coin Buyers.

Advertisements
 
Leave a comment

Posted by on January 16, 2018 in Coin Selling 101

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

 
%d bloggers like this: