This coin might make you rich...

1. Eureka Serial #1 Banknote in GreatCollections’ Feb. 25 Auction

2. Precious Metals Prices Fall on Wednesday, Feb. 21

3. World Money Fair: Small Changes Pave the Way for Big Changes to Come

4. Heritage’s Long Beach US Coins Auction Tops $7 Million

5. US Mint Sales: 2024-W Proof Platinum Eagle & Hayes Silver Medal Debut

Noteworthy Sales

1. Majestic Near-Gem Colombian 8 Escudos - $11,400.00

2. Highly Covetable Near-Choice 1893 Five Sovereign - $10,500.00

One of the best things about coin collecting, is the opportunity to learn about US and world history in a pretty unique way. There’s no limit to what you might find out while identifying and working out the value of a particular coin.

In this week’s video, I explore the Eisenhower “Silver Dollar” coin, its backstory, and whether or not you can make serious money if you’ve got one in your hand.

Check it out:

This week’s question is from Reddit:

Even if you’re familiar with selling coins, revisiting the selling process can provide new insights. The mechanics of selling precious metals and coins are essential for both novices and seasoned sellers.

Key Considerations in Selling:

• Value Maximization vs. Convenience: Evaluate whether your goal is to obtain the highest possible price for your item or to sell it with minimal effort and time.

• The Time-Money Equation: Consider how your time's value compares to the potential financial gain. For instance, if you earn a significant hourly wage, spending multiple hours to increase your sale price by a small margin might not be cost-effective.

Strategies for Effective Selling:

• Comprehensive Research: Knowledge is power. Understand your coin’s worth by researching its condition, market demand, and current market values. Coins have a valuation range influenced by their condition, historical significance, and market demand.

• Choosing the Right Platform:

  • eBay: Ideal for those seeking a balance between maximizing returns and efficient selling. eBay's platform offers broad exposure but charges fees around 10-11% of the sale price. The process is user-friendly, from listing to shipping, making it a convenient option for many sellers.

  • Direct Sale to Coin Stores: For those preferring a straightforward transaction, selling directly to a reputable coin store can be effective. This option may yield a slightly lower return but avoids the pitfalls of online sales, such as potential scams or shipping issues.

• Presentation and Marketing: High-quality photos and detailed descriptions can significantly enhance your coin’s appeal on platforms like eBay, attracting serious buyers and potentially increasing the final sale price.

For both new and seasoned coin sellers, finding the right balance between getting the best price and efficient selling is key. eBay offers a balanced approach with its wide reach and easy use, while direct sales at coin stores offer simplicity at potentially lower profits. The decision to prioritize profit or convenience varies with personal preferences and the specifics of each sale.

✅ Watch: Silverpicker classic vid: I Got a $306 "eBay Grab Bag" for Free! Tons of Old Coins

✅ Share: Spread the love by sharing this newsletter with 2-3 friends

✅Build your collection: Some great deals on Whatnot - Get $!5 with my link

✅ Boost your knowledge: Learn about any US coin with PCGS CoinFacts

✅ Learn: How to Start a Coin Collection in 4 Simple Steps!