| Author |
 Replies: 22 / Views: 4,183 |
Page 2 of 2
|
|
|
|
Pillar of the Community
Canada
1747 Posts |
If you have some time, why don't reach out to local coin clubs, see if you can sell there, also putting an ad on craigslist. Being careful about where and when you meet people.
If you sell 50 to 75% by yourself for decent pricing you won't feel the pain of selling to a dealer. Although if you sell off all your key date high value stuff, the dealer may not be interested in the rest.
Good luck
|
|
Pillar of the Community
United States
3160 Posts |
you can also try selling to collectors on this site and save the commissions.
|
|
Pillar of the Community
United States
3210 Posts |
I have sold coins for a collector friend who is elderly. I have sold on Craigslist once the other times people just jerk you around . I have been selling his stuff on ebay the last few weeks with really no issues. Also ebay doesn't take 15% between ebay and PayPal it is roughly 9.3%. Do what's best for you |
|
Pillar of the Community
United States
632 Posts |
If you have 80K worth of coins to sell then I would recommend doing the community a favor and post some on here. It's been a long time since I've sold stuff on this site, and I guess there has been a few changes and re-changes to the process since I last did it, but my previous experience was that this community of collectors here usually lists for fair prices and are willing to pay fair prices especially for nice examples.
|
|
Bedrock of the Community
Australia
21788 Posts |
Most of us will have to consider the liquidation of our collections, even if they are out of our estates. It would be a good idea to give serious consideration as to how you would like to see your collection liquidated, and so instruct your executors before you die. In my opinion, the best way to sell really high valued individual coins is to consign them to a leading public auction. Lesser valued coins could be sold on commission through a dealer at prices to be agreed upon before sale, if he is attracted to this idea. I liquidated most of my first collection in this way to raise money for my house, just before I married. Thousands of dolars were raised; that was 39 years ago. Your executors may not wish to ebay your collection, particularly if they don't fully understand your collection, or do not wish to put in the considerable time and effort. If your collection is to be liquidated using ebay, I think it is far better to do it yourself, and have fun doing so. Your collection could be sold to a number of dealers in smaller specialist job lots. Coin shows could be a good venue to see many dealers in one day, and to arrange for follow up later. |
|
Pillar of the Community
United States
1911 Posts |
With that amount of coins I wouldn't mind taking a look if you ever did decide to post some of them on CCF. :) But like others have mentioned, the fees are annoying so you might as well get some back fast. Or maybe try a few parts of your collection in a few different ways.
|
|
Pillar of the Community
United States
593 Posts |
My advice would be to apply the Pareto Principle. It's not always 80-20, many times it's closer to 90-10 in collectibles. Find the 10% of your collection that comprises 90% of the value. Evaluate the options for selling that 10% and determine the best course. The remaining 90% will take care of itself.
|
|
Pillar of the Community
United States
1839 Posts |
I'd look into Great Collections. Depending on the final value of your auctions the seller fees are low to none at all. They're 0% for coins that realize over $1,000 or 5% for coins $1,000 or under. And the buyers only pay a 10% buyer's fee meaning the hammer price is usually higher than Stack's, Heritage, etc. The hammer price is what you take home. Also they will send your coins to CAC for you if you think some are worthy. CAC approved coins have sold on average about 15% higher at auction than non CAC coins over the last few years. http://www.greatcollections.com/main-sellI sound like a commercial for them, but I think their business model is tailor made for your situation. Oh, and they also get your proceeds to you way, way faster than the likes of Stack's and Heritage. Edited by Tbone
05/12/2015 01:20 am
|
|
Pillar of the Community
United States
946 Posts |
I saw someone say Ebay/Paypal isn't 15%. Right off the bat it is 10% from ebay and I think 3.5% from Paypal. Then whatever hidden fees they attack you with. You are looking right around 15%. When I sell something on ebay. I add 15% to whatever I bought it for to be able just to break even! Do what you feel is right, and what is going to bring you the most bang for you buck. |
|
Bedrock of the Community
Australia
21788 Posts |
I know from experience that the longer that you spend in your own time and effort to liquidate your collection, the more you will get for it.
I took six months to complete the liquidation my first collection.
|
|
Valued Member
United States
246 Posts |
My 2 cents is the ebay route if you have the time and the inclination. Fees can be lowered a bit by looking into a monthly store plan, and cancel it when you are done. Below are some example of how fees can work out on a coin auctioned for $30 using the calculator at http://www.newlifeauctions.com/calc.html1. Without a store plan 2. With a basic month to month $19.95 store plan 3. With store plan, reduced final value fees, and reduced pay pal fees.     |
|
Pillar of the Community
United States
4963 Posts |
I agree with ace_ftw. If you have the time and patience, sell straight to collectors instead of through ebay, which will charge fees, or to dealers who just want to make a profit. But, if I were you, I'd keep some of your favorites, or whatever you can afford to keep. |
|
Pillar of the Community
United States
1132 Posts |
Depending on the size of your collection & your free time...renting a booth @ a local flea market may prove valuable. Then again consigning to an established dealer will allow you to price as you wish with little time invested.
I frequent a local antique mall & there's ALWAYS 4-5 numismatic consignment cases. I bring cash as there's typically a percentage discount vs. plastic. I've noticed whatever cases I purchase from tend to have new items the following weeks. The (overpriced) cases I avoid seem to always be gone when I return.
|
|
Pillar of the Community
 United States
1021 Posts |
So here is an update, I think I am going to consign a good bit with the expert in the series where most of my coins are. Rick Snow will be getting a good bit of the best stuff. He will get top dollar for them and his fees are not outrageous, would be about the same as an ebay store after ebay/paypal fees. (10% or so on the top coins) I will have a good bit listed on the ebay store though, things that Rick wont be able to get top dollar for. To give you an idea of what is going to be sold, the 12th ranked NGC Indian Head cent registry, with a huge number of scarce and popular varieties in MS. There are some other things that Rick wont be able to sell for top dollar (liberty nickels, 2 cents, etc....) http://coins.www.collectors-society...&Ranking=allSome of the varieties have no coins graded higher. Even the 1870 in my set is a pop 1/0 with NGC for the color designation and the only one stickered by cac for the grade. The 1877 is absolutely stunning for the grade in an old NGC holder. Would not be shocked if it grades higher with a resubmission. I have a dansco 7070 that has A LOT of UNC coins as well.....those will likely be listed on ebay. I'm guessing there is $10K in the album not including the gold page. It pains me to let these go, as its been a project years in the making, but I would rather have the money to put a large down payment on a house than have these coins locked up in a deposit box at the bank where I cant really enjoy them. A lot of the varieties were cherry picked, so hopefully that will offset the costs of selling. I appreciate everyones feedback. I will keep everyone updated with my experience throughout the process. |
|
Pillar of the Community
United States
1839 Posts |
|
|
Page 2 of 2
|
Replies: 22 / Views: 4,183 |
Page 2 of 2
|
First Page
Posted 05/11/2015 10:24 pm
