Showing posts with label Selling your Collectibles. Show all posts
Showing posts with label Selling your Collectibles. Show all posts

Wednesday, May 1, 2019

How to Earn Some Extra Cash by Selling Your Collectibles

Collectors of all stripes occasionally need to sell items from their collection. This may be because you have duplicates, because you need the money or because you simply don’t want that particular item anymore. 

No matter the reason, you will want to go about the selling process the right way. Here are some important things to keep in mind when hoping to earn some extra cash by selling your collectibles.

Determine Its Value

After deciding you want to sell a particular item, the next step should be determining how much the item is worth. This will give you a good sense of how much you can sell it for so you won’t ask too much or too little. Ask too much money and you will be unable to sell the item. Ask too little and you will lose money on the sale.

Consider Where to Sell

Next, you will want to consider where you plan to sell this item. Presumably, you want to get top dollar for your collection, so you will want to place the item for sale where interested buyers are most likely to find it. 

To sell your coin collection, for example, you may want to go through coin collecting-specific channels to find interested buyers. Do some research and determine the best places to sell certain kinds of items.

Be Honest

You need to be honest and upfront with your buyers regarding the exact condition and type of item you are selling. A good way to do this is take detailed pictures or allow an interested party to inspect the item in person. 

Add details such as information on the exact edition, any defects and how an item has been stored. Dishonesty will only create problems for you down the road.

Ship the Item Carefully

If you have found a local buyer, you may not have to ship the item. However, in many cases you will be responsible for shipping the item to the buyer. Be sure you pack the item securely in quality packaging so it will arrive to your buyer undamaged. 

This is especially important for fragile or very valuable items. Also make sure the package is trackable and insured to protect yourself in case something goes wrong.

Thanks to the Internet, it is easier than ever before to earn some solid extra cash by selling your collectibles. Be sure to do some research ahead of time so you will know where, how and for how much you can sell your collectibles. If you do, you can find the right buyer willing to pay what those items are worth.

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