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What To Sell On eBay :: Coin Auctions

Coin Auctions: Coins Are Powerful Auction Offerings

Coin auctions are very healthy on eBay. Today, for example, there are 43,042 coins for sale on eBay. Although there are categories with much higher numbers of auction items, this is impressive because coins are definitely not cheap, and they are collectible items, rather than part of the pop culture, like DVDs or action computer games.

In fact, in a page of 100 listings, there were only 9 without bids. That is a 91% sell-through rate, although that is only the front page, and listings tend to trail away we get from the front pages (just like the search engines).

As you can see from the auctions below, expensive coins are ... well, expensive.

Fraud is high with these kinds of collectibles and the top prices go to those items that are graded by the NGC, or Numismatic Guarantee Corporation. The NGC is the official grading service of the Professional Numismatists Guild. According to their charter, the PNG is a nonprofit organization composed of the world's top rare coin and paper money experts.

They state: "As numismatic professionals, our primary mission is to make the hobby safe for collectors and investors by maintaining rigid standards of excellence for our member dealers."

Be aware that if you are going to auction coins on eBay or other auction sites, you will need specialized knowledge that is not necessary is some other categories. For example, if you are going to sell a DVD of a current movie, it is easy to write about it because knowledge is in the public domain, so to speak.

However, this isn't the case with coin auctions. As an example, look at this auction title:

"1986-2004-W Gold Eagle Set PCGS PR69DCAM"

Personally, I don't understand that information at all. What is, "PCGS PR69DCAM"? Obviously, I would have some studying to do before I could even consider selling coins.

Coin auctions are great for those with the knowledge to understand what they're selling and the contacts to buy them at bargain prices to resell to collectors.

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WHAT TO SELL ON EBAY