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Value Of My Collection ?

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Pillar of the Community
United States
1451 Posts
 Posted 04/13/2023  6:01 pm  Show Profile   Bookmark this reply Add datadragon to your friends list Get a Link to this Reply

Quote:
The next step is going to put a few up on ebay and a few with Great Collections. and see what happens. Does anyone know if there are people who sell coins on consignment - or is that what Great Collections is, basically.


Yes that is basically what Great Collections is as well as some other auction sites like David Lawrence https://www.davidlawrence.com/sell-...e-rare-coins and Heritage Auctions as just two other examples for future reference. https://coins.ha.com/why-consign-wi...itage-080520

If you are comfortable selling on ebay and don't have a terribly low feedback account only, its just that you might be able to better control the asking selling price (and therefore not sell if too low initially), add a best offer after a bit if its not moving or even change to an auction in some cases etc and perhaps maximize return but is more work for you. Of course with the low fees, the Great Collections option is quite attractive in this case, while in others where the coin may only appeal to certain collectors may not be as good as selling yourself. David Lawrence has higher fees but other options like buy it upfront from you like a dealer, or even their guaranteed auction program in that link above.

Dealers are best for a quick sale with lower expected totals than the other options although some types of coins can be quite fair in their offering more than others. An example might be collectible silver coins which dealers might only offer the silver value rather than the added numismatic collector value and therefore wouldnt be a good option. Some individual sellers may offer consignment but the fees combined with the ebay fees are going to rarely be attractive in this case vs your other options. Perhaps with other types of product where auction sites are not a great option for it.
Edited by datadragon
04/13/2023 6:08 pm
Valued Member
Topic Starter
United States
78 Posts
 Posted 04/14/2023  10:18 am  Show Profile   Bookmark this reply Add shug23 to your friends list Get a Link to this Reply
Thank you for your comments. The David Lawrence options that he offers seem pretty interesting. I don't know how well known his site is. In terms of Peace dollars, he has 27 coins whilst Great Collections has 432 Peace dollars. 165 vs 413 on Walking Liberty half dollars and 377 vs 2144 Morgans. I'm not really sure what this all means other than it seems GC may be better known.
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 Posted 04/15/2023  12:59 am  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
Keep in mind with the auction houses most bidders are going to subtract BP from their max bids. If you went with GC, their seller fee is 5%, their BP is 12.5% (10% if paying by echeck etc), so subtract 15-17.5% from your $1500-1600 you hope to get out of the 10 coins you detailed above. I added up the Numismedia values on those and got $1357. It doesn't seem like the hammer prices would be much different than a range of $1350-1500, and you'd net about $1150-1275. If that dealer offered close to $1300, I'd take the money and run. What am I missing?
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 Posted 04/15/2023  02:37 am  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
Ebay does not take 7%, its double that.
You realize when you know how to think, it empowers you far beyond those who know only what to think.

-Neil deGrasse Tyson
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Topic Starter
United States
78 Posts
 Posted 04/15/2023  08:59 am  Show Profile   Bookmark this reply Add shug23 to your friends list Get a Link to this Reply
Thanks kbbpll...
I don't know what a BP is (other than blood pressure); can you explain ? What you are missing is that the range I am looking for, $1500-1600, is a net price AFTER expense and is based upon the median price of sold NGC coins on eBay for the 10 coins in the grade. For my set of ten coins , the median eBay sales price was $1749. so $1500 net price is 85% of the gross price. Taking $1300 is a 25% reduction off the median eBay sales price and since I'm in no hurry, at the moment, I think I can do better than$1300
I am in the process of looking at the GC sales for my coins in their grade and while their expenses are lower, the gross sales price off GC appears to be significantly lower than the gross sales price off eBay. For example, 1934-S median sales price on ebay in grade 50 is 418 and on GC is more like 350 with a hammer price of 320. Similar story with the 1928-S and the 1926-D. Why the median gross sales price appears to be significantly lower on GC than eBay is unclear ( sophistication of buyer?)
So at this moment I am still doing my research but my preliminary thinking is to go through the learning curve and see how I do on eBay.

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Topic Starter
United States
78 Posts
 Posted 04/15/2023  09:58 am  Show Profile   Bookmark this reply Add shug23 to your friends list Get a Link to this Reply
and Yes..I now think eBay sales cost for coin is gonna be 13.25% ( not the 7%)
Pillar of the Community
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6120 Posts
 Posted 04/15/2023  10:02 am  Show Profile   Bookmark this reply Add hfjacinto to your friends list Get a Link to this Reply
@shug23,

Your post illustrates the issues with selling. If you don't have time or your time is valuable, selling to a dealer makes sense but if you have time you can get the highest resale by selling it yourself. In the end the value of your time in addition to the expense of selling it yourself has to outweigh the profits. For some people like you, selling it yourself may make the most sense for others selling it to a dealer may make more sense.

As to why GC may net less is that there are less buyers on GC, the average GC buyer maybe looking for high grade/high cost coins. eBay tends to be higher priced on average, hence why some buyers rarely use eBay. You can also have a bad listing, I've gotten coins on eBay cheaper than what it cost the dealer to grade the coin.

I wish you good luck in whatever you decide.
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Topic Starter
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 Posted 04/15/2023  11:18 am  Show Profile   Bookmark this reply Add shug23 to your friends list Get a Link to this Reply
Thanks. This is all a very educational process. The other idea I have is just going to a coin show, getting a 'booth' and displaying my 100 coins ( after researching a competitive price). Is this a reasonable thought ? What is a typical cost to have a space ? 50 bucks, 100 bucks ? Is that the only cost aside from my time ? Or is this a terrible idea ?
Bedrock of the Community
Australia
21188 Posts
 Posted 04/15/2023  11:23 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
$123 average value per coin.
May be viable to submit for public auction, some as individual coins, some in job lots of two or more.
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 Posted 04/15/2023  12:58 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply

Quote:
I don't know what a BP is
Buyer's Premium
Pillar of the Community
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3067 Posts
 Posted 04/15/2023  6:28 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
I have a different approach to selling coins.
Low values coins (less than $20) go to eBay. Because grading fees at GC will kill any profit potential. I list these at BIN with an option to make an offer.
Higher value, graded coins go to eBay and are listed at BIN as well, with a NYP option.
High value ungraded coins go to GC for obvious reasons.
However, if I want to get rid of coins quickly, I list them on eBay in auction format.
Valued Member
Topic Starter
United States
78 Posts
 Posted 04/16/2023  08:17 am  Show Profile   Bookmark this reply Add shug23 to your friends list Get a Link to this Reply
Yeah. I agree eBay seems to be the path I am going to be heading down ( I have no ungraded coins) There are also coin shows periodically in the area, so I may actually try to see if this is also a viable strategy, since I have around 100 graded coins to let go.
Detailed coins present a problem, as far as pricing them. My 'best' detailed coin is an NGC Morgan 1886-O UNC improperly cleaned, but it looks very good to me. so who knows if it is a $200 coin or a $700 coin......ah well
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United States
98 Posts
 Posted 06/15/2023  5:54 pm  Show Profile   Bookmark this reply Add General Sherman to your friends list Get a Link to this Reply
expect around 60% of FMV from a dealer. or ebay them for 87% or so.
Bedrock of the Community
Australia
21188 Posts
 Posted 06/16/2023  03:31 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The majority of the more valuable coins in my collection are ancients.
But not all.

For what I consider to be the top 10 percentile of valuable coins, I refer to CoinArchives for prices realized at public auction.
It is possible to arrive at good esitimate of what each one of those 10 percentile coin may be currently valued at,
I first grade those coins in my collection, then review the CoinAchives prices realized.
I remove the lowest value and highest value prices paid for the equivalent coin in my collection after grading, and average the rest of those prices realized, to determine a current value of what my 10 percentile coin may be.

CoinArchives provide enough recent prices realized information from public auctions around the World to make this sort of valuation exercise realistic..
That way, I don't have to consider past or recent inflation rates.

I also review Vcoins ancients, where at any one time, over 100,000 ancient coins around the World are available for sale. Sometimes, a near equivalent to a top 10 percentile coin in my collection may be found.

I rarely do this sort of valuation exercise, partly because it is an exercise in futility, and not worth the bother.
Philosophically, I feel more like a museum curator, where the value of the collection is almost irrelevant.
Edited by sel_69l
06/16/2023 03:39 am
Valued Member
United States
153 Posts
 Posted 07/14/2023  12:43 am  Show Profile   Bookmark this reply Add TinyRetreat to your friends list Get a Link to this Reply
Greysheet has always delivered the most "up to date" information ... my buying "go to". When selling, in my experience, you will want to analyze your "time vs. value" situation ... "need the money quickly", expect to get less ... take the time to sell individually, expect to earn more.
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