| Author |
 Replies: 25 / Views: 8,565 |
|
Valued Member
United States
318 Posts |
I saw several references on this website to auctions. Was wondering if anyone had an opinion for if I were to auction a coin that had a $4,700 PCGS book value, which auction site would be preferred? And to get maximum dollars would there be a preferred time of year to auction a coin? PCGS's Recent Auctions site favors Heritage, Great Collections, and ebay when showing recent auctions of various coins. My thought would be that on ebay, I'll never get somebody to bid a up to PCGS book value or higher. I have two things going for me right now. The nickel is one of 4 known graded at this condition, none higher. And PCGS is currently using the photo of my coin as their main photo for that year in the price guide. If there were a situation for maximum dollar, this might be my only chance. 1968-S Jefferson nickel MS66FS. |
|
|
|
Bedrock of the Community
13014 Posts |
Heritage would be the best but you probably need a little more to have the leverage you would want price wise with them. An ebay BIN listing will probably be your best bet. You can also check with David Lawrence and see about selling it outright or a sale with a reserve on it Summer is also bad for auctions which is another plus for the ebay BIN listing |
|
Pillar of the Community
United States
2023 Posts |
I've never bid or bought from Heritage but I'm inclined to agree that with that price point, it may be your best bet. I personally wouldn't take such a piece to ebay -- too much risk/hassle/fees, BIN may never get your asking price, and I doubt it would get the kind of respected exposure this one deserves. |
|
Pillar of the Community
Canada
683 Posts |
Is there anyway to find high end registry collectors? If they make public who wins these auctions maybe you could search the buyers of similar items to find a collector without the auction process. If not, then with ebay you would probably have little risk with a BIN type listing but if you're to sell if quickly then I have heard that great collections is pretty great for top pop moderns. Regardless good luck with your selling of the coin.  Edited by Optimist-numismatist
06/09/2018 6:09 pm
|
|
Bedrock of the Community
United States
94367 Posts |
Heritage used to have a $5K minimum submission value, but I'm not current here. Their fees, however, will knock your socks off. GC has built a good reputation, and their fees are substantially less. No easy answer to this question, especially with a somewhat narrow-niche coin like yours.
|
|
Bedrock of the Community
13014 Posts |
Quote:
but if you're to sell if quickly then I have heard that great collections is pretty great for top pop moderns. They're the biggest risk and since this one is a 4/0 if it was me I wouldn't be willing to take the risk with them. |
|
Pillar of the Community
Canada
683 Posts |
Quote:
. They're the biggest risk and since this one is a 4/0 if it was me I wouldn't be willing to take the risk with them. You're probably right, I was just going of what I had heard. |
|
Moderator
 United States
23522 Posts |
This coin would be an upgrade to the finest all-time Jefferson Full Steps Set at the PCGS registry (currently 65FS), and the owner is actively soliciting people to contact him for upgrades. When you're avoiding losing the 20% off your price (one way or another) an auction would entail, a private party sale becomes more flexible..... Just sayin'. Email is cheap.  |
|
Bedrock of the Community
United States
94367 Posts |
Private sale is great, but what's the price? Three known of late, four today, how many next year?  |
|
Rest in Peace
10197 Posts |
Apples....Oranges....Pickles(or Prunes  ), each has advantage and disadvantages. Although I think ebay gets the Golden Grove award, hands down,  Edited by Crazyb0
06/09/2018 7:50 pm
|
|
Valued Member
 United States
318 Posts |
I've heard/read some of the stories about Heritage having excessive fees but nobody ever mentioned details on what those fees are. I'll need to look into that and will do so in the next few days. I also heard about their $5g minimum so I need to find out what that is all about. PCGS gives the brochure for GreatCollections with their shipment and that document claims ZERO seller's fee for coins over $1,000. The good news for me is that I'm in no rush to sell anything. Technically I'm a coin hoarder so it's hard to let go but selling this for a premium would certainly help me buy more coins!!
|
|
Bedrock of the Community
13014 Posts |
Quote:
PCGS gives the brochure for GreatCollections with their shipment and that document claims ZERO seller's fee for coins over $1,000. PCGS supplies that because they were paid to advertise that way. There's still a minimum of a 3 dollar listing fee so it's actually not true how they advertise and you give up a 12.5% buyers fee. You don't get to set a reserve and you have to hope that it isn't a soft auction. I would really look up their sold histories before you send it there. Edited by basebal21
06/09/2018 10:11 pm
|
|
Valued Member
United States
318 Posts |
@basebal21, sounds like you have had experience with them. Thank you. Just the type of info I would eventually find out the hard way... Once I figure out all the pricing differences, I'll post a chart to this thread. I think I'm going to need to spend some money on this effort and perhaps target one of the monthly "larger" auctions versus go with the standard weekly auctions. I found several discussions on the web from people who had bad experiences with these auction companies where it was a "soft auction" and their coin sold for cheap (no reserve). Only to find it a week later being sold on ebay by the auction company. Not sure about the facts on those stories but I need to consider the possibilities of those stories being true. |
|
Pillar of the Community
United States
1298 Posts |
|
|
Pillar of the Community
 United States
4591 Posts |
I think you have to be careful that you aren't over-valuing it, since those auction prices are from 2004 and 2010.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
|
CCF Advertiser
United States
1533 Posts |
Heritage has a $5K minimum to consign. Buyers fees are 20%. Sellers fees are 5-10% depending on size of consignment. So you are paying 30% for HA. ebay is 10%, but the coin may not sell at your BIN. I would not risk an auction on ebay. GC is probably a good bet, but you might consider consigning it to a dealer. Liberty Coin will take your coin, list it with their stuff and charge you 5%. But it may take a long time. At least with HA you will lose 30% of the value, but it will sell at the next major show auction. |
| |
Replies: 25 / Views: 8,565 |
Posted 06/09/2018 4:00 pm
