With 15,000 Coins to Sell - "What Auction Site Should I Use?"

How to sell a 1974D one cent US coin double dye Thank you

I can sell my coins on 1972 1958 how to sell my coins

Stacks-Bowers is the auction house you were struggling to recall.

Your’e cutting your nose off to spite your face when you say: no ebay. Lots of Expenses regardless of what this person does to sell!

Great Collections; Heritage and Stacks Bowers, depending on the coin & the audience each brings to the table; always be fees up front and backend, Ebay’s platform reaches many folks; use of Colors & Algorithyms help sell! Bowers & Merena, lol

We’re here to watch and help!

Thank you sir for imformation

I only buy from eBay and great collections…………..that’s it.

Facebook Groups. I’ve sold 10s of thousands, with a starting $ and sometimes a reserve. Raw and slabbed: you can find a great group.

I've been collecting for 50 years and have about 700 nice coins. I use ebay when I sell.

Hi Ben, I like that photo chart that you have framed on the wall behind you. Any idea can I find one? Thanks

HI brother! Just found your site after the Spegtacular interview. I will be around often, keep up the great work!

Good advice, thanks. I like the idea of finding a dealer who will sell them for me on consignment. I'm in a similar predicament, not as large a collection but not far behind. And some of my coins are very specialized, so they'll appeal to a smaller audience.

NGC and PCGS give updated values of their certified coins. ANACS doesn't. Does anyone know why?

This comment is for the good ole Al-Gore-Rythm

As usual, Ben is correct. The dynamic is the same whether you’re a coin dealer as Ben is or if you’re a “precision sporting items” dealer as I am.

My guys have to evaluate, photograph, measure, and list the thing online. After that, phone calls are fielded, invoices written up and issued, payment accepted, relevant licensure confirmed, and the item is shipped. All that crap takes multiple skill sets and more than a little time to execute—never mind the company reputation built over decades to enable this whole process to happen at all.

Same with coins! And besides, people, The Engineer takes better coin photos than you can. Believe me. He’s crazy good.

Even if he's not certain about eBay...he should create an account and sell a few coins. eBay will not allow unlimited listings for new sellers. I think he'd be limited to 10 items per category (they will give exceptions for a few more, depending on seller performance)/month (?) for the 1st 90 days. He should get the clock moving. If he has valuable coins, the big auction houses would be romancing him. Most likely, they will not be interested (or might want to take on a few of the more valuable coins and leave the rest).

👍👍Thank you❤

I would contact Miles Franklin and see what Andy Schectman would pay. Also contact Apmex or JM Bullion and see what they would pay outright.

I list it on my own account on eBay.. I am only allowed 11 Million US Dollars per Month. Purple Color w over 870 Positive 100% Feedback.

The enjoyable part of the hobby is when buying. When selling is the complicated and “ true” side.

Excellent video. It's amazing to me how many don't seem to understand - that comparison made in this video...about when you need service for your home, you pay somebody (that's trained hopefully) to solve the problem/issue. But somehow many ppl w/coins think that a common 10/15% or more fee to do the same, is highway robbery. All I can say to the "trucker" is good luck then: if you want a fast sale, expect a bigger price discount. If you're willing to wait and give it time, w/perhaps selling some-at-at-time, you'll likely get better pricing.

This is a major problem when you deal with quantity over quality. It is so much easier to manage inventory when your inventory is small.

Sounds scammish to me...looking for ben to reach out. Not saying ben would get scammed but sounds weird. Buying out 3 coin dealers PRECOVID hmmmm??? Like the comments here ALREADY "I made 15k in two" days blah blah blah. Dang SCAMMERS get a REAL job!

Well said, i am in a similar spot but i only have 10 coins. Here is the difference there high end coins, all draped bust dollars and one flowing hair dollar 1795-1803 VF30-XF45 with a greysheet value of over $60K. Now how to sell. Yes that is the ? Ebay piece by piece or Auction ....i would like to sell them all in one shot, but i need that one person. So that is my dilemma, any feedback is appreciated. Thank for you hard work with the channel...

I agree. It depends on the coin where it gets sold. Junk coins should be sold on a free or low cost platform because of your slim margins. Coins that are in demand or rare should be offered for Auction at a reputable auction house.

I can't even count to 15,000 much less sell 15,000 coins.

Excellent comments!! Most folks that have coins to sell are not aware of the time and knowledge required to get them into the market.

Always informative. Thanks Ben!

I would agree that going the coin show route seems like the best option.
It might take time to sell the majority of it off but you will be in more control of how much you can charge.

5 dealers had a total of 15K coins? Seems like they weren't really dealers, I dunno. Sage advice as usual Ben, LOVE IT.

Another alternative to Ebay, Heritage, Great Collections, and Stacks Bowers is to consign to an online auctioneer that uses one of the auction platforms such as Hibid or Proxibid. Of course you'll have to agree to a consignment fee and also expect the online auctioneer to charge a % buyers premium, which will make it difficult to realize a "profit" from your consignment. So if you agree to a 20% consignment fee, and the auctioneer also charges a 15% buyers premium, you can expect the buyer to pay about 80% of the real value of the coin, and of that amount, you'll only get 80% of it. The upside is that the auctioneer will handle the payment collection from the buyer and also handle the shipping of the coin to the buyer. If the coins are relatively low value coins, you can also expect the auctioneer will bundle the coins into lots (e.g., 15 low value quarters in one lot, rather than sell each quarter in individual lots). The auctioneer, as part of the terms of consignment, will demand that he/she have the discretion on how to bundle your coins in sale lots. Lots of auctioneers who'll accept consignments -- you just have to shop around to see who offers the best deals on consignment fees.

Great video, Ben!

Yah it all depends on how much work he’s willing to do. The more time he spends selling the coins individually himself and avoiding all the fees the more money he will make. Those coins have gained a lot of value since 2019 but if you auction them the fees are likely to eat up all the profits and will probably end up breaking even. I just went through this exact thing and at the last minute decided to sell them myself. It was a lot of work but I probably netted an extra $30k-$40k off the collection
I recommend starting on Instagram. Also if the coins are raw I would recommend sorting out the coins and having the nicest ones graded

15,000 coins is a lot to sell. Just thought I’d leave a like and comment to help the old algorithm for ya!

Should use my auction site, I trade unfairly 😂 only because I know you got great coins. 15,000 coins is a pretty huge lot Just any 300 away just to have a buddy flip is daunting as it is

I think if you're rich enough to buy 15k coins, and don't want to put a lot of time and "labor" into it, you either hire someone to manage everything, or you talk to Ian over at Great Collections.

Who buys 15,000 coins without a solid game plan (or experience) for how to re-sell them? He just bought the problems of five coin dealers and now he’s looking to pass the problem to someone else. 😆

Always buy quality over quantity. Quality items will practically sell themselves. It’s easier to sell one $1000 coin than it is to sell one thousand $1 coins.

Loggins and Messina? Coheed and Cambria? Funky Cold Medina? 😂
Stacks and Bowers?

Good information, thanks for this one👍🤙🖖

Agree. Not enough info. Possibly reconsider Ebay as they are the largest coin marketplace. The fees only seem high until you realize what it costs to sell elsewhere. Selling is a lot of work. And yes, you should expect to pay taxes on profit.

Has a lot to learn. Good for you Ben.

@trakerJ I will buy you all the Bolivian coins from 1825-1909.. just message me

I would like to see more dealers utilize a website, or the one they currently have to a greater level. I love buying from a website that offers medium to higher end coins, both slabbed and raw. The thing is, those listings need to be refreshed every so often, instead of leaving listings up for 4 to 6 weeks. It's like stocking dead inventory. Take a hit on non movers and list something fresh. If you are using ebay and a website, rotate back and forth.

If you are not into selling coins don't collect them. Collecting and selling go hand in hand.

Always great advice!

Heritage auction company .

Hi, Ben. No one ever looks at Community Pages. TYU

That gentleman should consign his 15,000 items to my company. I host regular Ebay auctions on a weekly basis and have an extensive clientele. I use top notch marketing and handle all the hassle, stress, Ebay fees, taxes, supplies and shipping. I do this for a 20% consignment fee plus all Ebay expenses are covered also. The consignor gets 80% of net sales. Would your customer potentially be interested in doing an arrangement such as this?
He wouldn't have to pay any taxes, fees, shipping, supplies or any other related expense. I do all the work and he gets the net proceeds.
Let me know what you think, Ben.