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 Replies: 26 / Views: 3,220 |
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Pillar of the Community
United States
1511 Posts |
I'm pretty sure we've told you this before... If you sell them to a dealer/buyer in a large lot your not going to get close to the true value of the coins and money will be left on the table, plain and simple.
But to maximize return (and to possible get equal or more) than your uncle originally paid is not a quick task and surly cannot be done rushed or in a single sale... It will take some time...
If it were mine... I'd spend sometime researching and put anything over value "X" for sale individually and sell the rest of the low value stuff in lots... But even then not to a dealer... Your aunt needs totals the time herself or trust you (someone) to do it or there's no avoiding taking a major hit.
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Pillar of the Community
United States
1280 Posts |
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Pillar of the Community
United States
4212 Posts |
I agree w/joe. All TPG were not created equal. Anyway, take your time, if you can. |
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New Member
31 Posts |
Have you considered selling on Heritage, stacks Bowers, goldberg, or other auction houses? They may be able to help... if the collection is extensive. I think the addresses below are to their sites. http://www.stacksbowers.com/http://www.ha.com |
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Valued Member
 United States
133 Posts |
Thank you! All replied considered.
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Pillar of the Community
United States
3755 Posts |
I sell coins on consignment. That is going to be your best bet. Find a good seller willing to do that. They will sit down with you, go over the collection, catalog it and sign an agreement. Usually they prvide a monthly invoice of what sold for how much and list deductions and show a total amount due to you with a check or cash for that amount. At least thats how I do it.
The fees usually run 15-20% plus any selling and or grading fees incurred. They may also agree to wave fees up to th value of a coin or coins they are interested in.
Clearly this is not the quickest way to sell the collection, but it is the way to see the biggest profit aside from doing it yourself.
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Pillar of the Community
United States
8518 Posts |
If you're in a hurry get 2 or 3 dealers to make offers on the entire lot and take the high bid. Make sure you tell each one that you will take the highest offer amongst the three dealers so they can give you their best shot. Without selling each coin individually that's about the best you can hope for.
Why are you so sick of coins ? Getting overwhelmed ?
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
8518 Posts |
Smoke just posted a great idea. You can consider that too.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
133 Posts |
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Valued Member
United States
133 Posts |
Consignment isn't an option because my aunt doesn't want any coins leaving without payment. If this were mine, I would send all of it to Heritage and tell them to have at it! This is daunting!
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Pillar of the Community
United States
8518 Posts |
How big of a hoard is it...hundreds of coins ?
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
Canada
726 Posts |
I think your just going to have to take a Plunge into the water-- one of these days...Which means taking a chance- Or trusting someone....I know how she feels..It can be hard to put yourself out there,,,so many rip off stories...
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Valued Member
United States
133 Posts |
Yes I know. Scary chance you have to take. Good news- we took the plunge yesterday on a portion. No turning back or questioning. I do know it was 8% off the dealer grey sheet. She isn't going to sit on them but I am feeling inadequate. Don't know anyone well enough that knows about coins so trying to do the best. I actually come here for answers to questions I have and very appreciative. I feel like I can trust you guys here because there isn't a self gain so it seems very honest.
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Pillar of the Community
United States
2669 Posts |
Yes, the members here are very helpful, but there is certainly gain - the good feeling we get from it. I sincerely hope the advice by everyone does help in your quest.
Have you said which part of the country you are in? Maybe a member personally knows a good coin dealer in that state?
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Pillar of the Community
United States
2669 Posts |
Consignment *could* work, if the photos were taken there, then sold online, you would get paid and then the seller could take the ones sold to be shipped.
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Replies: 26 / Views: 3,220 |
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Posted 05/30/2014 08:52 am
