@aubreyclay56 wrote:
i have old silver canadian silver dollars i was thinking of selling,
what i cant understand is how can you ship for 2-3 bucks no tracking insurance etc,
hard to compete with that looks like an invitation to get ripped off,
my question is how can one do that without getting taken by scammers,and is it better to sell in large quantities or a set of 4 or one at a time
For coins, I'm a seller gradually liquidating his early collecting. In 5 years of selling haven't been scammed (yet).
The trick to using O/S lettermail in Canada is to make sure the coins can not be felt through the outside of the envelope. Packing between 2 sheets of cereal box cardboard so the outer envelope is smooth and firm means: the sorting equipment wouldn't rip it open, and any curious folk won't decide to take a peek.
I tend to group things based on themes and by what will fit in an envelope. Unless valuable I don't sell single coins. It's about the same cost to ship one when you can ship several.
I also like auctions (with or without BIN) for coins, one of the few areas that auctions still seem to work for when selling.
Do your homework and figure the value of the coin minus cost of selling on eBay (fees, shipping) versus selling locally. For some coins I've used local coin shops since the rate of return would have been about the same.
If selling a lot of coins consider having an eBay store: Final Value Fees of 6% versus 10%
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If you really want tracked and insured (like Canada Post expedited parcel) then group the coins into larger lots so the cost of shipping is a smaller percentage of the sale.
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