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 Replies: 8 / Views: 1,513 |
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Pillar of the Community
Canada
1505 Posts |
Poll Question
If you were in a position to sell a complete set of 5 cent silver nickels, including the 1921 in VG 10 and many scarce varieties?
would you:
A sell it as a complete set with individual
descriptions and grades?
B sell the coins as individual coins with descriptions
and grades (your grades)
C give the set to an Auctioneer.
D advertise the set for sale on Canadian Coin News?
E advertise it on this Forum?
F would you have all coins graded before selling?
Edited by 47P7
08/12/2020 10:44 pm
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Pillar of the Community
Canada
1081 Posts |
I've often wondered this. For example, I have all three of the 1873 Newfoundland 5 cents (along with most of the other key dates in 5c, 10c and 20c). I've wondered if it would make sense to sell individual years as groups. As in, sell the three 1873s together? Argument being that they're all pretty scarce and a motivated collector might jump at the opportunity to get all three.
I have no plans to sell any of this stuff at this point but this is one thing that's occurred to me.
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Pillar of the Community
Canada
1505 Posts |
B was the closest for me. Assuming time was not a factor. I would post the individual coins somewhere that lists for to start, ro see if you get any bites, if that fails send the $1000+ coin to an auction house, put the others up on ebay as a buy it now, then after a while drop price. Following that would bundle lower value stuff. Finally sell at rock bottom bidding until gone. |
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Bedrock of the Community
 United States
12477 Posts |
Given the time and assuming the coins are high enough grade, selling each individually would allow the most interest overall because many collectors may be looking for only one or two coins. Selling an entire set together usually means losing money.
I would at least sell the most valuable coins, like the 1921, individually and then lump the rest together if time constrained.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Moderator
 United States
56855 Posts |
I would let Heritage Auction or Great Collections sell it as a set. John1  |
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Pillar of the Community
Canada
5585 Posts |
I would combine C, D, & E. Like Heritage or some similar auction, after well advertising it on this and other forums, and the CCN. The set may go a person who is not really a collector interested in this denomination, but rather someone with a thick wallet and no desire to look further. You probably will get more selling by the piece, but it will take a long time and hours of effort to get rid of everything.
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Pillar of the Community
Canada
999 Posts |
You will probably get more for them selling individually or at least the key dates individually. That being said, it would take a lot of time and effort to do it yourself on ebay. You may want to contact a reputable auction company and see what they recommend. You can go with one of them and let them do the advertising and selling. You just get to collect the cheque afterwards. It also may be worth sending the more valuable coins to get professionally graded (i.e. $200+). Buyers will usually bid higher than if you were just to put your own grade on them. |
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Moderator
Canada
10456 Posts |
The sum of the pieces is greater than the whole. If you sell as a lot, you'll end up with a price based on the 1921 and a few other dates, and will not get value out of the rest. Why do you think dealers break up sets and sell the key dates separately? That is how they make money on numismatic stuff.
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Pillar of the Community
Canada
1984 Posts |
The amount of work to sell these on ebay is not that high. I am guessing that you have maybe 70 coins? It should only take you a couple of hours to lis them (assuming you are being pretty careful with your listings) and then some time to send them out as they sell. You can always throw in the towel if you don't get your prices and try an auction house after. |
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Replies: 8 / Views: 1,513 |
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Posted 08/13/2020 01:28 am
