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What Site Is Better- Ha Or Tcnc To Sell Coins ?

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Author Previous TopicReplies: 11 / Views: 2,212Next Topic  
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Canada
495 Posts
 Posted 12/18/2015  08:46 am Show Profile   Bookmark this topic Add macdon to your friends list Get a Link to this Message Number of Subscribers
At a crossroads with which way to go if I decide to sell my collection, I'm thinking of using HA or TCNC sites for the good stuff or forget it and put it all away until we see market improvement which doesn't look promising in Canada at least.
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chequer's Avatar
Canada
4227 Posts
 Posted 12/18/2015  08:58 am  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
I'd get in touch with Geoffrey Bell Auctions. Their Toronto Coin Expo shows/sales seem to do well and they have the RCNA this year.
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 12/18/2015  09:01 am  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
Yes, I agree Bell is the only way to go IMO
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 12/18/2015  10:31 am  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
I'm sorry to be blunt, but this is the ultimate worse time to be selling.

So many high end collections and huge quantities of coins have been on the market in the last 5 years. Couple this with the economic conditions and the dwindling collector base and it's a recipe for disaster.

I would only recommend selling now if you are in immediate financial need.

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Canada
9864 Posts
 Posted 12/18/2015  10:37 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
100%
"Dipping" is not considered cleaning...
-from PCGS website
Valued Member
Canada
495 Posts
 Posted 12/18/2015  11:05 am  Show Profile   Bookmark this reply Add macdon to your friends list Get a Link to this Reply
@doubleeagle59
That seems to be the advice I am getting from other sources and am leaning toward that option. I'm not in need of a quick fix for money just trying to do some forward planning not an easy decision for sure but I have experienced all too often the quick disposal of lifetime of valuable collections by those looking for a quick buck. I find this very disturbing and can see the same scenario with my stuff if I don't act while I can still do the negotiating but your right, less and less buyers out there and will only get worse as the dollar shrinks. I'm not going to give anything I have acquired for next to nothing and may take it all with me
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Canada
5324 Posts
 Posted 12/18/2015  11:45 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
If the Empire auction of the 1921 ms 66 5 cents on went for around 60,000.00 just shows how poorly the marketplace is right now, because of the US dollar at this moment I would lean towards Heritage
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Pacificoin's Avatar
Canada
5394 Posts
 Posted 12/18/2015  11:48 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Why put it in any coin auction? Unless the coins are really scarce and or high end you will get killed right now. Most of the stuff sold in auction these days ends up with a coin dealer.
Take the Landon , Victoria North sale of February this year as an example . The room was filled with coin dealers.
Canadian economy is very shaky right now due to many things. Amongst them a very strong bull run in the USD , declining commodity prices and world financial markets having very little faith in what THEY perceive is a rather economically challenged Ottawa government.
One thing that might be the most prudent is sit on it for awhile as you said you do not need the money.
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 12/18/2015  1:37 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
because of the US dollar at this moment I would lean towards Heritage

I'm not sure the value of macdon's collection however I believe Heritage has a minimum consignment value of $5,000. Just something to keep in mind.
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 12/18/2015  3:28 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
I've said this before and I believe it to be the only way the coin market rebounds and takes off is when the gold and silver price exceeds the highs of their prices back in 2011.

GOLD $1900 and SILVER $45. (CDN$$$)

This will restart the coin market engine again.

And I'm positive we'll get to these prices too. Although I couldn't tell you if it'll be 2 years or 20.
Edited by doubleeagle59
12/18/2015 3:29 pm
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 12/18/2015  10:02 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
doubleeagle: I think we're a very VERY far away from those prices....


As for the two auctions companies you mentioned... I'd go with HA
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M_d_in_guy's Avatar
Canada
1049 Posts
 Posted 12/19/2015  11:22 am  Show Profile   Bookmark this reply Add M_d_in_guy to your friends list Get a Link to this Reply
At this point in time I would not sell. It's a reality of saving face, yes lol in both ways. I believe there is a propensity of the market changing as we get closer to the U.S. election, confidence will grow in the public sector although it may be short lived. So I would hold off for now and see how things are starting to shape up towards spring. This is based upon a good friend of mines advice, 2 rules.

1=always have your locked in amortization never exceed 4 years, and always be sure the date to renew is within no more than 2 months or even better 1 month, prior to the U.S. election, hence the best interest rate possible, (the existing party wants to be re-elected).
2=Follow the above golden rule.

Just saying is all.
Best of luck in your decision Macdon

For those who don't get the message here, it's called a trickle effect, and yes Canada get's the tailing's in a very large way
Edited by M_d_in_guy
12/19/2015 12:20 pm
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