Selling Ebay Vs Great Collections - Page 2

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Author	Replies: 23 / Views: 4,912	Page: of 2

hokiefan_82 Pillar of the Community United States 3652 Posts	Posted 09/11/2023 9:48 pm Quote: Just purchased a coin Sunday in their auction, now I get to experience that side of it. :) I do a lot of buying on GC, and almost always the coins get shipped out on the Monday following the auction. I've never had any issues or delays with shipments of coins I won at auction on GC. I just shipped off my 10th consignment to GC today (I started selling there about a year-and-a-half ago). I've been fairly pleased with my selling experiences, but it does take a month or so after shipping for the coins/notes to be auctioned, and another month to receive payment. If they send coins to CAC for you, I've found that normally adds a couple more weeks, but that's out of their hands. They do have a cash-advance option on their consignment forms, but of course there's an interest cost for doing that. It can be handy, however, if you want a portion of the proceeds upfront. I've never used that so can't say what the cost is for doing it. Member of SPMC, FCCB, ANA and ANS. My U.S. Classic Commemorative Complete Set: https://www.NGCcoin.com/registry/co...sets/278741/ My U.S. Fractional Note Set: https://notes.www.collectors-societ...eSetID=34188 Edited by hokiefan_82 09/11/2023 9:49 pm Report this Post to the Staff
pristine2 Pillar of the Community United States 1048 Posts	Posted 09/24/2023 9:55 pm I have to say that the auction performance on Great Collections was simply terrible. I sent them 16 nice upper-mid-grade Morgans that would have easily yielded $2300 on HA or ebay. Barely reached $1700, with virtually no movement in the final minutes. Now I get to wait a month to get paid. I do not plan to repeat this experience. Edited by pristine2 09/24/2023 9:57 pm Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 09/24/2023 10:01 pm My experiences with GC have been consistenly positive, Sorry yours didn't turn out this way. Report this Post to the Staff
pristine2 Pillar of the Community United States 1048 Posts	Posted 09/25/2023 05:14 am What was striking was the minimal exposure and low auction participation. The listings barely attracted more than one or two views a day, with maybe 10-20 each on auction day. The low commissions are great, but with results like these it hardly matters. Report this Post to the Staff
Brandmeister Pillar of the Community United States 6542 Posts	Posted 09/25/2023 10:40 am Is it possible that GC excels for certain kinds of coins, and not for others? Report this Post to the Staff
NumisEd Pillar of the Community United States 5191 Posts	Posted 09/25/2023 2:03 pm Quote: I have to say that the auction performance on Great Collections was simply terrible. I sent them 16 nice upper-mid-grade Morgans that would have easily yielded $2300 on HA or ebay. Barely reached $1700, with virtually no movement in the final minutes. My feeling is that GC is good for mid-grade coins with a domestic audience. If you have upper-grade, $$$$ coins and are looking for an international audience, go for HA or Stacks. Edit to add: an additional option would be to use minimum bids or a reserve. Or simply list your coins on ebay as BIN (with or without Make-An-Offer). Also note that ebay auctions can be very dangerous to sellers. Why? Because an auction can run for at most 10 days. If for some reason only a handful of people find your auction in the first place (among the loads of junk postings), you might end up having to accept a low-ball offer. Edited by NumisEd 09/25/2023 2:13 pm Report this Post to the Staff
SaturnD51 Valued Member United States 425 Posts	Posted 03/19/2024 7:34 pm Well I'm trying GC too with about 60 of my coins. Had to get a little money. I hope everything works ok for me. Have a lot of 2021 Morgans and peace in there. Also a top pop coin with ANACS. I know a lot do not like anacs coins. Auction I am in ends March 24th. Wish me luck. I just hope bidding speeds up on the last day.lol Report this Post to the Staff
Hunter611 Valued Member United States 338 Posts	Posted 04/21/2024 4:21 pm Saturn, How did your auction go? Report this Post to the Staff
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