Currency? Anyone on here collect or know about selling?

[roylt]

I see video snips about coins and bills often and was thinking about possibly trying to make some money off my money. Ebay shows lots of bills etc on there but how do you price it etc?

What got me thinking about it more was a birthday note 02162004.

Any and all input is welcomed. Thanks,

 

[JMD101]

Slim market of buyers and tough to sell i would imagine, consider non numismatic bullion products That you can verify/test yourself with nitric acid, silver is easy to start with, buy from reputable sources, there are no deals, also anything below current spot price is probably fake.. consider local coin and jewelry dealers for gold, they can test it in front of you and will buy back when you are ready to sell. You can always tell the value of both every day. I assume you don't want to use the stock market if you are looking at " unique currency and numismatic coins etc.
Just my two cents, (90% junk silver US coins work well also)

 

[NikA]

There are many pricing guides available, almost all of them will be out of date by time of printing.

Number of pricing websites for coins and currency as well that track sales on auction sites, etc. GIGO, seems like a decent approach for more common items.

I believe eBay allows you to see closed auctions/items, though it's a bit harder to find than on GunBroker. GIGO here as well, poor descriptions on eBay can cause items to sell for much less than the market would indicate.

Whatcha got?

 

[krw]

Plus, if you sell on Ebay you will pay their commission and if tou sell over $600/yr, they will send you a 1099

 

[golferboy426]

I see video snips about coins and bills often and was thinking about possibly trying to make some money off my money. Ebay shows lots of bills etc on there but how do you price it etc?

What got me thinking about it more was a birthday note 02162004.

Any and all input is welcomed. Thanks,

around me auction ninja has currency today there were several

 

[golferboy426]

Plus, if you sell on Ebay you will pay their commission and if tou sell over $600/yr, they will send you a 1099

the 1099 thing is dead

 

[Dan in MI]

the 1099 thing is dead

I got one from paypal a couple weeks ago.


For the OP, while price guides are horrible for pricing, they are good for education and knowing key dates and other unique things that raise value.

 

[Rat76]

My brother liquidated Dad's coin collection on ebay several years ago. He did his research on the closed auctions, sold in smaller lots & did quite well. This was before the 600/1099 thing came into effect.

Kennedy half dollars sold well.

 

[krw]

According to Mr Google via link to Ebay, 2025 threshold on 1099-k is $2500, 2026 will be $600.

 

[GasGuzzler]

I sold more than $600 on eBay in 2024 and did not receive a 1099. That should deter no one anyhow.

 

[JackBull]

the 1099 thing is dead

Not for 2024

 

[JackBull]

My brother liquidated Dad's coin collection on ebay several years ago. He did his research on the closed auctions, sold in smaller lots & did quite well. This was before the 600/1099 thing came into effect.

Kennedy half dollars sold well.

I have a number of Morgan silver dollars. Not moving on eBay.

 

[gollwoods]

National bank notes which have local banks name on them are very widely collected. As are large bills like 1923 dollar bill and earlier. Anything before 1920. silver certificates from the 60s are not much usually. Error notes and special serial numbers like those with a star are sometimes good money
There are web sites with catalogs to check

 

[sceva]

I have a number of Morgan silver dollars. Not moving on eBay.

I have heard that there are more than a few counterfeit Morgan and peace dollars being sold on-line. From what I understand they are coming out of China and do not contain the correct amount of silver. People are leery of not buying them face to face.

 

[Jack Ryan]

I see video snips about coins and bills often and was thinking about possibly trying to make some money off my money. Ebay shows lots of bills etc on there but how do you price it etc?

What got me thinking about it more was a birthday note 02162004.

Any and all input is welcomed. Thanks,

Buy low. Sell high.

 

[Dan in MI]

Cheap education..

 

[Randyzzz]

Somewhat related…my dad used to collect stamps. But his collection was never cataloged or sorted, and now there’s just what seems to be a million stamps in a moving box. I have no idea what to do with it. Half of me says find someone and take whatever I’m offered- but the other half wonders if there isn’t something really valuable in there.

There’s about 10 moving boxes full of antique books too- same situation.

 

[Dan in MI]

I'm no stamp collector but I suspect a stamp book would be the same as coin book. It will teach you ID and tell you what the key stamps are that have value. I would look at the book and see how they are organized and try to sort in the same manner. Say, one cent, two cent, five cent, air mail, international, etc then star sorting.

 

[Randyzzz]

I'm no stamp collector but I suspect a stamp book would be the same as coin book. It will teach you ID and tell you what the key stamps are that have value. I would look at the book and see how they are organized and try to sort in the same manner. Say, one cent, two cent, five cent, air mail, international, etc then star sorting.

I had that idea, I started online. After what seemed like forever I had identified about 20 stamps and there were a few that were worth a minimal amount. I may try finding an outlet that will buy the lot. Or maybe spread them out and take a few pics and post on EBay with a $20 opening bid and see what happens.

 

[jack black]

I have a number of Morgan silver dollars. Not moving on eBay.

Price? Condition and rarity

 

[roylt]

There are many pricing guides available, almost all of them will be out of date by time of printing.

Number of pricing websites for coins and currency as well that track sales on auction sites, etc. GIGO, seems like a decent approach for more common items.

I believe eBay allows you to see closed auctions/items, though it's a bit harder to find than on GunBroker. GIGO here as well, poor descriptions on eBay can cause items to sell for much less than the market would indicate.

Whatcha got?

It is a 20 dollar bill with the serial number 02162004. "birthday note".
Guy on ebay is trying to get 50 bucks for the same thing with serial 02172004.

Maybe I'll list local for 40 and see what happens. 02/16 is Sunday so maybe it will catch someones eye?

Thanks for the replies and take care,

 

[pie]

According to Mr Google via link to Ebay, 2025 threshold on 1099-k is $2500, 2026 will be $600.

The 1099 ebay threshold for 2024 is $5000.

 

[krw]

I tried to sell 10 consecutive SN'd $100 bills at Tulsa one time for $1100. I didn't hav any takers

 

[s4s4u]

Price? Condition and rarity

When it comes to coins and notes, condition is everything. I have over a dozen silver dollars from the late 18's to early 19's era and they are only worth the weight of the actual silver because they aren't pristine. Same for a pile of dimes I have from way back. The good news is that silver is up right now so may just send 'em.

 

[Dan in MI]

When it comes to coins and notes, condition is everything. I have over a dozen silver dollars from the late 18's to early 19's era and they are only worth the weight of the actual silver because they aren't pristine. Same for a pile of dimes I have from way back. The good news is that silver is up right now so may just send 'em.

Rarity trumps condition. An uncirculated 1941 Mercury dime will not come close to a VG maybe even a G 1916D Merc. But yes, condition is a big factor.

 

[s4s4u]

Rarity trumps condition. An uncirculated 1941 Mercury dime will not come close to a VG maybe even a G 1916D Merc. But yes, condition is a big factor.

I searched through tens of thousands of pennies with my grandfather in my youth looking for that mythical 1909 SVDB

 

[rugnelli]

Yes... condition, rarity, and fitting the buyer's taste or "cool factor" all play into price. Bank notes from my family's home town get my attention, among other factors.

 

[KIR]

Take good pictures of your currency and send to Heritage Auctions.

 

[JAYDAWG]

Yes... condition, rarity, and fitting the buyer's taste or "cool factor" all play into price. Bank notes from my family's home town get my attention, among other factors.

South Dakota National Bank Notes are highly sought after, as are most low population western state small towns.
I once sold one from Gehring Nebraska for $7500. It was in horrible shape, but there were no known survivors of that bank.
Started my Ruger collection with the profits!!

Cheers,
JAYDAWG

 

[gollwoods]

I have heard that there are more than a few counterfeit Morgan and peace dollars being sold on-line. From what I understand they are coming out of China and do not contain the correct amount of silver. People are leery of not buying them face to face.

There are dealers everywhere. I have collected coins off and on over the years. The coin industry is very competitive and with online selling everyone is able to see what everyone else is charging.
Dealers go off the greybook it has wholesale and retail prices.
If you have substantial collection made by a collector you can easily separate the key coins which are the rarer ones with low montages
If you have a box of coins just saved from before 1965 you will have silver value.
Dollars are popular but mostly high grade and rare dates. The site coinflation will value silver and gold coins. You can check the NGC website for values on most American coins. You have to expect much less than what is shown on the guide