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 Replies: 14 / Views: 2,259 |
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Valued Member
United States
220 Posts |
Hi all,
I made a consignment of 37 coins to Great Collections and got the NGC grades back yesterday (mostly proving, at least on a few coins, how inaccurate my grading can be--for about 30 coins, I was in the ballpark, only a number grade or two away from NGC's grades. On the other 7, I was off by 3 - 8 number grades off (one was 15 off). GC will be suggesting a declared vale on the graded coins and what percentage of that value I want to use for an upcoming auction. Based on everything I've learned over the past several years, it seems to me that the PCGS Price Guide is a decent baseline/bottom starting point. Also, the "sold" items on EBay/GC/Heritage give me an idea of at least a ballpark value. I would welcome some advice.
Thanks!
Bill
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Moderator
 United States
56855 Posts |
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Pillar of the Community
 United States
7935 Posts |
I think you can use this site to find the recent auction prices for NGC graded coins: https://www.NGCcoin.com/auction-central/us/I don't know how other "price guides" arrive at their conclusions. but I am always suspicious that these can be out of date, especially in times when PM prices are moving, and I prefer to look at real time recent auction results. |
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Pillar of the Community
Canada
3733 Posts |
keep in mind the closer, to true value you start your auctions at, the less interest you will get from interested buyers.., if you start your auctions a little lower you will see more people interested in where the price goes.
ie.. more potential bidders.. my opinion only..
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Valued Member
United States
338 Posts |
 I see this with other auctions as well. Amazing where a price can go when starting from a penny for quality quality sought after goods. As a seller though I think it can be hard to underprice your item out of fear it goes for that price. |
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Valued Member
 United States
220 Posts |
All great advice. Thanks for the links!
Best,
Bill
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Pillar of the Community
United States
1275 Posts |
Agree with posters above. For example, you don't want to start an auction for something objectively worth $100 for $80. You'll likely have a lot of bidders who will second-guess themselves seeing no or a small # of bids.
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Valued Member
United States
220 Posts |
Thanks. I think that sellers have to strike a delicate balance regarding the price so as to get some offers/bids vs. frightening buyers away with a starting bid being too high.
Best,
Bill
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Pillar of the Community
United States
591 Posts |
why not declare value at the CDN greysheet wholesale price?
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Valued Member
United States
220 Posts |
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Pillar of the Community
Canada
5394 Posts |
Most stuff twenty back of sheet .
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Pillar of the Community
United States
591 Posts |
I've heard this several times now (from dealers mainly)...why "back of greysheet" instead of "below greysheet". Where else do folks say "back of" when referring to prices being below a set value? Just curious why that lingo per se.
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Pillar of the Community
Canada
5394 Posts |
Because that is how it is described in the Trade .
Semantics , means exactly the same thing .
Pay 80 per cent of Sheet and you stay out of trouble !
ONLY PAY THIS if the coin is problem free , solid for the grade .
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Bedrock of the Community
United States
20753 Posts |
Simply send all your coins to me and forget about selling anything.  |
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Pillar of the Community
United States
591 Posts |
Quote:
GC will be suggesting a declared vale on the graded coins and what percentage of that value I want to use for an upcoming auction. I've never consigned raw coins with GC, but seems like a great option that I may consider myself. From the raw coin consignment sheet, it appears that the coin owner is to indicate the values, and that you have the option of GC recommending minimum bids. Is that right or am I missing something? https://www.greatcollections.com/fo..._consign.pdfIt seems odd that you would have to identify this "value" prior to even getting the coins graded. Meaning, what if they come back at a higher grade than you anticipated? @navycapt1635 - did you send your coins to NGC directly or through GC? Any clarifications are welcome. Thanks! |
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Replies: 14 / Views: 2,259 |
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Posted 10/13/2020 6:34 pm
