Thursday, November 24, 2022

How To Sell Old Coins On Amazon

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Why Does Amazon Gate Certain Categories

How to Sell on Amazon FBA For Beginners [2021 FULL Guide]

The first step in the process of ungating is understanding why exactly Amazon has certain categories restricted in the first place.

Amazon has a very consumer-centric view where protecting its customers is the number one priority. In order for Amazon to maintain its reputation they limit and verify the sellers of certain products.

This practice is beneficial for all parties as consumers become more willing to purchase products on Amazon without thinking twice.

Think of eBay or other online marketplaces you would usually double-check before purchasing an expensive item and only reserve your business to top-rated, history proven sellers.

Insight To The Market When You Sell Silver Coins

With silver moving daily in value. Dealer buy and sell prices are continually adjusted. Additionally, the pace of silver rising or falling is reflected in the spread between the buy and sell prices.

  • Buy/Sell spreads widen in fast moving silver values. Margins are increased because of uncertainty.
  • Quiet, slower up and down movements in silver provide for dealers offering a tighter Buy/Sell margin.

Refer to the chart tracking movements of silver over the past twelve months. It gives an insight into the current silver market condition. A fast-paced market is seen in sharp upward or downward movements in price.

References

Recommendations on basic supplies that greatly improve coin storage. Providing for safe handling, preserving of value and organizing your box of old coins. Safe storage of silver coins maintains their preservation into the future.

to list silver coin values. Should you decide to sell… use the worksheet as an invoice and packing slip when sending coins through the mail to dealers. It indicates you have done your coin values homework.

Coin Values Discovery… Prepare to Sell Silver Coins… All old US coin values listed. It is an excellent index with images and text links to all coin series, from Cents to Gold. Value charts, grading images and descriptions uncover how much your box of old coins is worth.

Coin Images Courtesy DavidLawrence.com

Amazon Category Approval Services

If youre having trouble going through the application process, you could consider using an ungating service. Keep in mind, ungating services are not official Amazon service providers. They can help you with the application process but cannot guarantee that your application will be approved.

If youre struggling with the application process, it might be worthwhile using an ungating service, but you can easily complete the process yourself. There are mixed reviews about third-party ungating services, so it is recommended that you finish the application yourself if possible.

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Ebays International Expansion Options

Just one eBay account lets you trade across 23 sites in over 100 countries. It takes very little special effort to start making international sales on eBay.

We mentioned eBays Global Shipping Program earlier. This lets you ship internationally via a warehouse in your country. eBay handles customs, imports, the works. The buyer is shown one clear price, including all extras, right there on the product listing.

Best of all, GSP is free to join. You only need to pay to send products to your local warehouse, as you would with a customer in your home country.

Okay Now How Do I Ungate My Account

Selling on Amazon: Fee Increases for Sellers and Merchants

Next thing youre probably asking yourself. Okay now, how do I start unrestricting these Amazon gated categories?

The Process to apply for approval is:

  • Log in to Seller Central and BeginDo this by selecting Add A Product in the inventory link
  • Find the Application FormSearch for the item you want to sell and click the Listing limitations link next to the item.
  • Request Approval
  • Next, request the approval…

    Ungating your account doesnt have to be complicated, many times it’s far from it. If you are already a seasoned seller, chances are if you request approval for a restricted category you may automatically be approved.

    Amazon mostly looks for you to be performing within their required targets.

    These performance targets include a defect rate below 1%, pre-fulfillment cancel rate below 2.5%, and late shipment rate below 4%. Different categories also have different criteria that need to be satisfied.

    Depending on the category, Amazon may request documented proof of where you source your goods. The documented proof is often an invoice from a wholesaler or distributor.

    In order to meet Amazons guidelines, the order must be for 10+ units of the specific product you are attempting to ungate. Amazon may also request a letter of approval to sell from the manufacturer or brand owner, monetary fee and various documentations .

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    Which Old Coins Are Available For Sale In India

    10 paisa coins, released between 1957 to 1963. These were the first coins released in republic India. The old coins were made of copper-nickel metal that weighs about 5 grams and has a diameter of 23 mm. Ashoka pillar inscribed and India and Bharat written on one side, while the other side has 10 Naye paise written in Devnagri script with Rupaye ka dasvan bhag minted on it. The year of minting is inscribed at the bottom of the coin along with the mintmark. If media reports are anything to go by, these 10 paisa old coins can fetch you around Rs 1000 online.

    Find Out The Approximate Value Of Your Coins

    Youll want to know approximately how much your coins are worth before selling them. But before you do this, remember that most coin price guides out there are giving you a retail value. The retail value is how much the coins are worth if youre buying them from a dealer.

    The amount youll earn for selling those same coins could be anywhere from 20% to 50% less than the prices listed in those guides, depending on the given coin and its condition. Why? This is because dealers buy at wholesale prices, which allows them to pay for business operating costs such as overhead and wages.

    Dont expect to receive the prices listed in any retail coin price guides. Also keep in mind that coins or paper money in poor condition may only be worth their face value.

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    Tips To Increase Your Chances Of Success

    To choose successful products for reselling, you also need to check product demand and competition by analyzing sales data and doing keyword research. With a comprehensive Amazon seller solution, you’ll get:

    • Five handy tools for product research

    • Keyword research tools to understand niche popularity

    • Step-by-step courses and masterclasses to get insights from experts

    • Weekly reports with trending Amazon products

    Save your money and time with one extensive toolset

    Get 10-in-1 Amazon Toolbox for Dropshipping, Arbitrage, and Wholesale Sellers

    The Conclusion: Seller Fees

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    Comparing eBay and Amazon on seller fees is a close one to call. Once you account for PayPal processing fees, eBay is only about 2% cheaper than Amazon.

    True, those fees are on their way out, but eBay also charges extras to make a listing truly competitive, like the subtitle upgrade. If you choose to pay for FBA, the difference between eBay and Amazons selling fees could be negligible.

    This ones a draw, with the right option depending on the type and volume of products you sell.

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    Hit Up A Pawn Shop/jewelry Store With Those We Buy Gold And Silver Signs In The Front Window

    I hate to list this one here as its usually a last resort, but it *is* an option when it comes to tips on how to sell a coin collection, and again just really depends on how fast you want them gone and what youre willing to receive for the honor

    Most silver-looking coins made before 1964 are comprised of the precious metal silver, just like many gold-looking coins from the 19th and early 20th century are made of precious gold, so regardless of the *collector* value of these coins you will always find a place that will pay you a % of melt value for them on the spot.

    So for example, if you have some old silver dollars from the early 1900s they might be worth $30 or $40 to a collector, however they also contain precious *silver* too making it worth something on that fact alone. If you sell these to another collector or dealer you might get $25-$35 for them, however if you hawk them to a pawn shop or jewelry store youre more than likely getting about $11 a piece for the silver contents. Unless it happens to be a more rarer coin, and they also happen to know about it and/or tell you about it

    So still a way to liquidate your collection, but Id exhaust all the top ways first for a better shot of getting the best pay out And dealers will also pay for the silver/coin contents too btw for the more common/beat up coins referred to as junk silver, and typically more of a % of the melt value.

    Hope this helps!

    Where To Sell Your Old Coins Online

    There are several options available when selling your old coins online. The method you choose depends on your estimate of the value of your coins, and how much effort you want to put into selling them.

    EBAY

    eBay is one option for selling your coins online, but the high fees and dealing with bidders and buyers personally discourage many sellers from taking this route. That said, an eBay coin auction with clear, detailed photos may bring you more money than you expect.

    BULLION DEALERS

    Online bullion and coin dealers are another option to explore when selling your coins. Especially suited for selling bullion and slabbed coins, large online coin dealers are always in the market for old gold and silver coins as well. The big online coin dealers buy a larger range of old coins and larger collections than brick and mortar coin shops.

    Some online bullion dealers only deal with large orders, refusing to make purchases of less than $1,000. Others, like Gainesville Coins, buy your coins in both large and small quantities.

    MAJOR AUCTION HOUSES

    If you have a popular and valuable rare coin, it might be time to talk to an auction house that specializes in rare coins. Heritage and Stack’s Bowers are the two largest players in the rare coin market. Consigning your coins to a major auction house gives them exposure to a global audience of coin collectors, maximizing your chances of realizing the best price.

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    How To List Used Items For Sale On Amazon

    This process is pretty much the exact same thing as listing a new item for sale. The only difference is that you need to make sure you enter in the correct product condition.

    I will show you a real-life example using a product from the tool category. Keep in mind that when listing a used product on Amazon, you probably wont be creating an entirely new listing for it rather, youll add your offer under an existing product listing in a used condition. You cannot create a listing for your used product if the same product is already being sold on Amazon even if the existing listing only offers the item in new condition.

    For this example, I am going to list a used cordless drill.

    As you can see, the top offer is in New condition, which is also the offer that is currently in the Buy Box.

    Below that, you will see multiple Used offers customers can choose from. You will also see condition notes that explain any imperfections or issues with the product.

    In Seller Central, Ill go to Manage Inventory, then Add a product.

    In Add a product Ill paste the ASIN of the cordless drill above.

    Once I search for the products ASIN, it will appear on the next page with the option to set the products overall condition new or used. Ive selected Used.

    Next, Im going to click on Sell this product.

    On the Offer page, Ill enter the information about the item Im selling, such as price, condition, and fulfillment method.

    Pro Tip: Consider Certifying Your Coins

    Selling Used Books: How To Make Easy Money Selling Your Old Used Books ...

    If your old coin is sealed in a clear protective case labeled with the coin’s information and a grade, all the work has been done for you! Your coin has been authenticated and graded by a professional coin grading service.

    Certified 1925-S $20 American Double Eagle gold coin graded AU58 by NGC

    The two largest and most popular of these “third-party grading services” are Numismatic Guaranty Company and Professional Coin Grading Service .

    Coins that have been graded and sealed in a protective “slab” by these two companies have higher liquidity and often sell for more, compared to ungraded coins.

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    Find Stores And Suppliers For Your Products

    If youâre planning on doing retail arbitrage then youâll need to start visiting as many stores as you can in order to find the best deals. Youâll want to download the , as this will allow you to scan products with your phone and instantly see what theyâre selling for on Amazon.

    Check your local flyers to see if there are any big sales, and always look for clearance sections when youâre shopping.

    For those doing online arbitrage, take the list of products you found in the last section and see if you can find a marketplace where theyâre selling for cheap. Some great places to look are:

    • eBay

    • Best Buy

    • Wayfair

    Finally, if you want to buy from wholesalers and manufacturers, your best bet is to go to Alibaba. There youâll find thousands of suppliers that carry a wide range of products. Wholesale prices are negotiable, so speak to a few different companies and see whoâs willing to offer the best deal.

    Ebay Vs Amazon: The Final Verdict

    So, lets review. As weve seen today, Amazon supports sellers by:

    • Offering them a vastly larger audience.
    • Providing superior shipping and fulfilment support.
    • Giving more advanced advertising options.

    eBay, meanwhile, is great because it:

    • Provides a less hyper-competitive marketplace.
    • Makes it much less hassle to sell internationally.

    Both being about equal in terms of seller fees, that looks like a 3-2 win for Amazon. But think about the situation critically and assess whats best for your business. If youve got a more niche audience in a lot of global markets, eBay might be right for you.

    Now youre armed with the facts, you can make the right call and win more business than ever before.

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    How Can I Sell My Coins

    The best places to sell coins online

    eBay. Its become an unofficial coin marketplace for thousands of sellers from around the world. Its auction and Buy Now features perfectly match the coin sellers needs for e-commerce benefits: broad audience, intuitive rules, small commission what else do you need?

    Amazon. The Collectible Coins section is an excellent alternative to eBay. The good thing is that its become a home not only for private sellers but for primary dealers. Amazon has the largest audience of customers in the world. Do you need another reason to start selling coins on Amazon?

    Internet Auctions. Usually sponsored by leading off-line dealers, these online marketplaces can be tough to get a listing on, and have extensive deal completion procedures. Online currency auctions have a large flow between sellers and products , so waiting for 30 days to get on their website is average. Plus, they charge large commissions for each closed deal. However, these auctions have a sterling reputation and often attract the wealthiest and most motivated buyers.

    Some big platforms to start with: Goldberg Coins, Heritage Auction Galleries, USA Coin Book, David Lawrence.

    Selling the coins to a dealer

    Doing e-commerce by yourself can be tiresome, especially if you dont love the direct selling process. If you dont want to distribute your coins personally, then delegating this labor to a dealer might be your best bet.

    Pros of selling coins to a dealer

    Different Ways Of Reselling On Amazon

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    There are a number of different ways to resell products on Amazon. Here are some of the most popular strategies:

    • Resell your Own Used Products: Do you have stuff lying around your house that you think other people might pay money for? List your items on Amazon and see if you can sell them to someone online.

    • Retail Arbitrage: This is when you buy products from a retail store and then resell them on Amazon for profit. The key here is to find items on sale or clearance that are selling for less than theyâre listed for on Amazon.

    • Online Arbitrage: This is the same idea as retail arbitrage, except instead of buying items from brick and mortar stores you buy them from other online marketplaces like eBay. Again, youâll need to find products that are selling for less than what theyâre listed for on Amazon.

    • Buy Products from Wholesalers: If you have a larger budget you can buy items from wholesalers. These companies sell products to businesses for the purpose of reselling them to consumers. Youâll get the lowest price per item with this strategy, but youâll have to buy in bulk so youâll need a fair bit of capital to get started.

    • Buy from Manufacturers: This is a strategy for more advanced sellers where you create your own private label product and buy it directly from the manufacturer. Like buying from wholesalers, youâll be required to buy in bulk.

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    All Distribution Channels In One Place

    Everything you need to sell coins online

    When you sell coins online with Ecwid, you’ll be able to select from all-in-one payment solutions, popular payment gateways, and customized methods like bitcoin or cash on delivery.

    You also will be able to set up your preferred shipping methods to ensure that your coins get to your customers safely and on-time.

    To help you expand your business to international coin collectors, Ecwid offers over 45 automatic language translations for your storefront, so no matter where your customers are, they’ll be able to shop from your store.

    Connecting with potential buyers is incredibly important when you sell coins online, and Ecwid makes it easy for you to develop a loyal following and gain repeat customers. With Ecwid, you’ll be able to track customer data to offer special deals and coupons.

    Use Facebook to sell coins online with Ecwid

    Setting up an online coin store through Facebook enables you to capture millions of potential customers attention. Ecwid retailers who have a Facebook store drive nearly 15% of their total online sales through that social network alone. Facebook also offers a user-friendly platform, which has made the social network a top choice for selling coins online (even for the un-tech-savvy

    Setting up a Facebook store requires just a few steps

  • Sign Up today to begin building your online store.
  • Add products to your store.
  • Connect the Facebook app using your Ecwid control panel.
  • Ecwid provides an

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