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Who are some trustworthy/ethical people who I could easily consign my coins to?
coinrollhunter
Posts: 280
I am considering selling my collection. My collection consists of:
indian head 2.5 gold
liberty 10 gold
semi key barber coinage
early date walking liberty halves
a bunch of 1926 s nickels
early commemoratives
I am sure there are other coins in there that slipped my mind...thousands of dollars worth...but I was wondering who the forum most recommended as a trustworthy person to do this. It takes a lot to be able to send your coins to somebody or have them take them and trust that person to sell them and pay you back around 97% of what they got for it.
I live in northern va...I am also wondering if there is a reputable dealer who could take them in person and sell them on ebay for me. I got plenty of semi key barber/walker silvers...
indian head 2.5 gold
liberty 10 gold
semi key barber coinage
early date walking liberty halves
a bunch of 1926 s nickels
early commemoratives
I am sure there are other coins in there that slipped my mind...thousands of dollars worth...but I was wondering who the forum most recommended as a trustworthy person to do this. It takes a lot to be able to send your coins to somebody or have them take them and trust that person to sell them and pay you back around 97% of what they got for it.
I live in northern va...I am also wondering if there is a reputable dealer who could take them in person and sell them on ebay for me. I got plenty of semi key barber/walker silvers...
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PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
Check out the Southern Gold Society
...instead you may want to consider getting some decent pics and putting them up on the BST.
<< <i>97% !?
...instead you may want to consider getting some decent pics and putting them up on the BST. >>
Don't know if your coins are raw, slabbed, high grade or not....
I'm also in the camp that thinks 97% is a bit unrealistic.....if you have say $30,000 worth of material, you are asking dealers
to spend a lot of time reviewing and marketing your material for ~$900.....if you really need to get that much out of it, I'm
thinking your better off selling it yourself.
are reputable. David Lawrence has a large pseudo auction
platform with a lot of traffic. 3 percent unrealistic.
I'm sure there are others as well.
Other times I had placed coins on consignment with very well known and well-recommended dealers, they either put unrealistic prices on the coins (much higher than I was looking for) or farmed them out to some of their dealer friends. Those kind of antics don't work too well. It's best that you have a very good and trusting relationship with whatever dealer you choose. In my case I can't think of very many dealers I would trust with a consignment. The worst consignment deal I experienced was with a leading dealer who sold all the coins but failed to deliver the last 50% of the money. They eventually went bankrupt after stringing me along for a long time. Another time I had about $15K in coins sent to a dealer who usually bought most everything I shipped them. On the last occasion they wanted to shop 1 of the coins around rather than to buy it outright. Since they had been a strong buyer for over a year I agreed. Shortly thereafter the FEDs shut the business down for money laundering or something connected to drug dealing. I never did see that coin again and got a partial settlement. That dealer had an excellent national reputation. There's no sure thing in this business. 97% could be very realistic depending on the deal you structure. If you just expect a dealer to market your coins for weeks or months while trying to achieve top dollar for you...then getting 90% might be about the best you could expect....though generic gold coins tend to have a buy/sell spread of around 4-6% (much tighter than most other parts of the coin market). Since gold coins and key dates seem to be what you have for sale, the spreads on those should be a lot tighter. Those kinds of coins you could easily get 95% or more via BST or other retail/collector avenues. If your collection is worth $5K to $20K I could easily see it being sold as a group seeing as most of what you have are liquid and desirable coins. The commems I'm not so sure about.
<< <i>Russ is a honest as they come, goes by Resco on eBay and is a long time forum member. >>
+1
Great transactions with oih82w8, JasonGaming, Moose1913.
97%
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
In honor of the memory of Cpl. Michael E. Thompson
Worry is the interest you pay on a debt you may not owe.
Worry is the interest you pay on a debt you may not owe.
You have a few options:
1. Sell them yourself, on the BST, on ebay, or at a show.
2. Send them to Great Collections for auction.
3. Outright sale to Heritage for quick wholesale deal.
4. Sell/consign to a myriad of local/regional/national/internet dealers, each of which will have a different niche, strategy, price structure, business model, and level of enthusiasm for your coins.
I suggest that you figure out what you expect to get from the collection, and that will guide your decision. Likely, the higher the number, the more work that will be required on your part. Selling directly to other collectors is often what will yield the most, but it will require the most work on your part.
Question for the forum members here. What would be a fair commission as a percent of the sale price for a dealer? I would think the higher the percentage the harder the dealer will work to get close to full retail while if he's working for a small percentage he may just wholesale it out to another dealer. For high value coins and bullion, 5% may be fair. For lower valued coins, 20% may be realistic.
I think you answered your own question.
<< <i>Russ is a honest as they come, goes by Resco on eBay and is a long time forum member. >>
100% accurate. A solid and well deserved reputation and I would not hesitate doing business with the man at any level.
OTH 97%, is so unrealistic an expectation that a severe re-think is in order.
<< <i>Suggest that you contact Julian Leidman who is a forum member here under the name Julian. He has a large coin shop in the Washington area (Bonanza Coins in Silver Spring, Maryland) and does all the major coin shows. He's honest and can help you with the orderly sale of your collection. >>
Andy Singer
Phone: 301-805-7085
Green belt, Maryland
Ratner Rare Coin Investments, Inc.
Phone: (301) 770-1799
Rockville, Maryland
J.E.L. Coins
Phone: (410) 674-9380
Baltimore, Maryland
RKT Coins
Phone: 703 268-5234
Fairfax, Virginia
Kennedy's Stamps & Coins
Phone: (703) 569-7300
Springfield, Virginia
Penny Pincher Coins
Phone: (703) 383-1414
Fairfax, Virginia
Cameo Coins and Collectibles
Phone: (703) 281-7053
Vienna, Virginia
Robin Borum Rare Coins RBRC
Phone: 703-395-3269
Woodbridge, Virginia
George Watson - Numismatist
Phone: (703) 843-7072S
pringfield, Virginia
Old Tavern Coins
Phone: 504-270-2237
The Plains, Virginia
The Family Trust Numismatics LLC
Phone: 540-955-8067
Berryville, Virginia
Brian Kritt
Phone: 301-236-0256
Burtonsville, Maryland
ARUNDEL COINS & CARDS
Phone: (410) 761-3232
GLEN BURNIE, Maryland
Annapolis Coin Exchange
Phone: (410) 266-2530
Annapolis, Maryland
Burton's Rare Coins
Phone: 301-663-3223
Frederick, Maryland
CEO Coins Currency-Treasures
Phone: (443) 623-7025
Savage, Maryland
The Butternut Company
Phone: 703-802-0252
Clifton , Virginia
Innovative Coins
Phone: 443-310-8675
Reisterstown, Maryland
Wayne Herndon Rare Coins Inc.
Phone: 703-385-0058
Chantilly, Virginia
Senior C and C
Phone: 702-845-1934
Ijamsville, Maryland
Daryl C Spelbring's Banknotes of the World
Phone: 703-938-7267
Vienna, Virginia
Capitol Coin & Stamp
Phone: 202-296-0400
Washington DC, Dist. of Columbia
Woodstock Consolidated Services
Phone: 410-790-1170
Randallstown, Maryland
Mike Dixon.
Phone: 301-788-6232
New Market, Maryland
Edward J Waddell Ltd.
Phone: (301) 473-8600
Frederick, Maryland
Bonanza Coins
Phone: (301) 585-8467
Silver Spring, Maryland
David Kahn Rare Coins
Phone: (301) 570-7070
Olney, Maryland
Coast To Coast Coins
Phone: (800) 638-8869
Columbia, Maryland
Angel Dee's Coins and Collectibles®
Phone: 703-580-6969
Woodbridge, Virginia
LRC* Numismatics
Phone: 301-448-9396
Silver Spring, Maryland
Coin Club Benefit auctions ..... View the Lots
Worry is the interest you pay on a debt you may not owe.
I live in Northern Virginia and would be willing to take a look at what you have if you would like.
I don't deal much any more, but can at least give you a realistic idea of what a dealer is going to want in return for their work.
It really does depend on what you have. Low percentages may work on higher end coins, but 97% will be difficult for most of what you listed.
90% is working pretty close and pretty hard.
PM me if you want anything else. I am a Naval Officer stationed here for the next year or two.
V.r,
John
siliconvalleycoins.com
would work of 3% ???
Ira & Larry Goldberg Coins and Collectibles Inc.
Contact Ira Goldberg
800-978-2646
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.<< <i>Morning,
I live in Northern Virginia and would be willing to take a look at what you have if you would like.
I don't deal much any more, but can at least give you a realistic idea of what a dealer is going to want in return for their work.
It really does depend on what you have. Low percentages may work on higher end coins, but 97% will be difficult for most of what you listed.
90% is working pretty close and pretty hard.
PM me if you want anything else. I am a Naval Officer stationed here for the next year or two.
V.r,
John >>
To the OP.....I've known John online here for more than a few years and have also met him in person when he was stationed nearby where I live.
His offer is valid and he is a good, and honest, person who has experience to help give you a good idea on what to expect.
It would be a good use of your time if you could meet with him.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>
<< <i>Morning,
I live in Northern Virginia and would be willing to take a look at what you have if you would like.
I don't deal much any more, but can at least give you a realistic idea of what a dealer is going to want in return for their work.
It really does depend on what you have. Low percentages may work on higher end coins, but 97% will be difficult for most of what you listed.
90% is working pretty close and pretty hard.
PM me if you want anything else. I am a Naval Officer stationed here for the next year or two.
V.r,
John >>
To the OP.....I've known John online here for more than a few years and have also met him in person when he was stationed nearby where I live.
His offer is valid and he is a good, and honest, person who has experience to help give you a good idea on what to expect.
It would be a good use of your time if you could meet with him. >>
If he was that good he would have been an army officer instead of Navy
If it's really a major major collection, then the big guns are the ones with the major auctions [The Goldbergs, Legend, Heritage, Stacks, Kagins]. But the kind of marketing that requires is both costly and takes time. However for the truly top end, nothing beats having two or more buyers at a top end auction fighting over something the market hasn't seen for 30 or 40 years!
ANA 50 year/Life Member (now "Emeritus")