GC or DLRC auction for inexpensive coins

Joey29

Do you think I would do better with Great Collections and their 95% net of sale with a BP of 12.5% or DLRC with a BP of 0% but net of only 85%. Was considering selling a few nice type uncirculated PCGS CAC coins under $400? I would consign no reserve in any case. I welcome any of your feedback

humanssuck

@Joey29 said:
I am thinking the 1935 red PCGS gold CAC Lincoln should bring a huge price based on the fact that there are only 13 red gold CAC coins 8 RB CAC and the rest 22. brown CAC coins and my penny is a super gorgeous red no spots. Is my thinking correct?

In my opinion, you'll get a good price for it, likely more at auction than other routes, but not 'huge'. If it was a rattler or other scarcer holder with a gold cac your chances would be much better, but i just dont see a bidding war for it. Its a nice coin, nothing against it, im just not seeing $$$$$$$.

airplanenut

Any past coins to compare to? GC has an effective fee of 17.5% and DLRC 15%. If GC will get you more than 2.5% more, they’re the better option unless some other intangible that could sway you (speed of payment, etc) is factored in.

2windy2fish

Have to recommend GC, as i believe their audience is larger…thereby the better outcome

jmlanzaf

It's possible that the coins should not be auctioned at all.

Joey29

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

cameonut2011

You will most likely net more selling them yourself unless the coin has some special trait (PL on uncommon issue, eye appealing toning, gold CAC sticker, collectible plastic, etc.).

Treashunt

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

jmlanzaf

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

Because you may net more skiing them directly or even to a dealer. You have to achieve a 20% bump from the auction which includes dealers bidding. Not everything benefits from auction placement.

I can't know without seeing the coins. However, I'm small potatoes and annually I buy 50 to $100,000 in coins at auction that I resell at eBay for a profit. That means that the original consignor got at least 30% less than I did.

Joey29

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

winesteven

You can’t go by the bp and sellers fee and other expense numbers (which in this case are close), and the fact that GC has more “eyeballs” than DLRC also doesn’t mean anything, since not everyone looking at GC looks at every one of the thousands of coins GC posts weekly. People use the excellent filters offered by both GC and DLRC to look ONLY AT the coins they have interest in. I personally look at both of those sites religiously EVERY week, but filter down to only the coins I might be interested in,

The bottom line on where you’ll have the best success - absolutely pure luck! What you want are at least two buyers who really want your coin, and are willing to spend $ to get it. There’s no way to predict which site has a better chance of producing that result.

As a collector, I sell the coins from my sets that get upgraded, and I’ve used both GC and DLRC. Virtually every coin I’ve sold had a green CAC, and I’ve had mixed results from each of those two venues. Sometimes good results, sometimes disastrous. Word of caution from my limited experience - be cautious about using no reserve. I’ve done it both ways with both of those firms. Again, sometimes with good results at each firm, BUT whenever I’ve had a disastrous result from each, it was always when there was no reserve.

Finally, I strongly suggest not going with no reserve on your coins with no CAC’s, regardless of which firm you go with, especially since you’ve indicated these coins are valued at less than $400 or so. For your two coins with gold CAC’s, I think you’ll do great at either firm, even with no reserve. Coins graded by PCGS with gold CAC’s are HOT!!!!

Good luck!

Steve

alaura22

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

There are a lot of coins you posted here, that I don't see CAC stickers on????

Joey29

@alaura22 said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

There are a lot of coins you posted here, that I don't see CAC stickers on????

Sorry Peace dollar was NGC CAC crossed to PCGS. Buffalo conserved at PCGS and reholdered. See below
Now your feedback please

alaura22

My feedback would be to put them up on GC, I like them the most. But, I would be placing reserves on ALL of them.

Joey29

@alaura22 said:
My feedback would be to put them up on GC, I like them the most. But, I would be placing reserves on ALL of them.

Why reserve do you feel. I thought no reserve excites the buyers and creates multiple bids. Please explain. Thanks

alaura22

@Joey29 said:

@alaura22 said:
My feedback would be to put them up on GC, I like them the most. But, I would be placing reserves on ALL of them.

Why reserve do you feel. I thought no reserve excites the buyers and creates multiple bids. Please explain. Thanks

Lets just say that you want to protect your investment.
If you put a coin up for auction and it starts at $1, say it's worth $100. Now, if nobody bids on the coin and I come along and snipe it for the opening bid and win, I just got your $100 coin for $1
Just because you love your coin doesn't mean that there are others that will love it too.
You can't predict what will happen in any auction, why take that risk?
Set a reserve to protect yourself, with GC if the coin doesn't sell it goes over to the next auction, no added charges. They will do this 5 times.
Questions?

Joey29

@alaura22 said:

@Joey29 said:

@alaura22 said:
My feedback would be to put them up on GC, I like them the most. But, I would be placing reserves on ALL of them.

Why reserve do you feel. I thought no reserve excites the buyers and creates multiple bids. Please explain. Thanks

Lets just say that you want to protect your investment.
If you put a coin up for auction and it starts at $1, say it's worth $100. Now, if nobody bids on the coin and I come along and snipe it for the opening bid and win, I just got your $100 coin for $1
Just because you love your coin doesn't mean that there are others that will love it too.
You can't predict what will happen in any auction, why take that risk?
Set a reserve to protect yourself, with GC if the coin doesn't sell it goes over to the next auction, no added charges. They will do this 5 times.
Questions?

Thanks for your response. I understand your logic, but if you have eye appealing CAC coins wouldn’t you take a chance and hope for some spirited bidding since the coins are inexpensive as well. I would think the gamble is more dangerous for a expensive $5000-500,000 coin where you could potentially lose thousands. I have followed coins in DLRC auctions and they all seem to go for top prices, and even some dogs go crazy
Also is it illegal in an auction to bid on your own coins to protect yourself if the bids are very low?
Thanks for your consideration

alaura22

Some auction houses let the owner bid on their coins, not GC
Why would you "gamble" Hoping that there are bidders out there. Just because you think they are "eye appealing doesn't mean someone else does
Your coins are nice but they are on the common side, the bidding wars that you hear about are for top notch coins, pop1 and the like. Your gold CAC coins should do well, but again, I say, why risk it.
Read the post by winesteven above, he had a few 'Nice High Grade" coins up with no reserve hoping to get strong bids, well it didn't happen and took a loss. Why take that chance
Do what you want to do, all I'm saying is protect yourself
Good luck

Joey29

@winesteven said:
You can’t go by the bp and sellers fee and other expense numbers (which in this case are close), and the fact that GC has more “eyeballs” than DLRC also doesn’t mean anything, since not everyone looking at GC looks at every one of the thousands of coins GC posts weekly. People use the excellent filters offered by both GC and DLRC to look ONLY AT the coins they have interest in. I personally look at both of those sites religiously EVERY week, but filter down to only the coins I might be interested in,

The bottom line on where you’ll have the best success - absolutely pure luck! What you want are at least two buyers who really want your coin, and are willing to spend $ to get it. There’s no way to predict which site has a better chance of producing that result.

As a collector, I sell the coins from my sets that get upgraded, and I’ve used both GC and DLRC. Virtually every coin I’ve sold had a green CAC, and I’ve had mixed results from each of those two venues. Sometimes good results, sometimes disastrous. Word of caution from my limited experience - be cautious about using no reserve. I’ve done it both ways with both of those firms. Again, sometimes with good results at each firm, BUT whenever I’ve had a disastrous result from each, it was always when there was no reserve.

Finally, I strongly suggest not going with no reserve on your coins with no CAC’s, regardless of which firm you go with, especially since you’ve indicated these coins are valued at less than $400 or so. For your two coins with gold CAC’s, I think you’ll do great at either firm, even with no reserve. Coins graded by PCGS with gold CAC’s are HOT!!!!

Good luck!

Steve

Thanks Steve for your reply. I thought expensive coins that you deal in are where you could lose thousands are the danger of no reserve

alaura22

The danger is starting your coin for a $1 and getting a $1.

Joey29

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I appreciate all your feedback but honestly in watching the prices realized at DLRC the coins seem to get multiple bids and sometimes even exceed the market valuation, sometimes even crummy coins. I have never seen anyone get a bargain or was able to steal any of the unreserved lots unless maybe the coin is a total dog.

winesteven

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

Or the danger is starting your true $400 coin at $1 and it goes for $250 hammer.

alaura22

@winesteven said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

Or the danger is starting your true $400 coin at $1 and it goes for $250 hammer.

That too

alaura22

@Joey29 said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I appreciate all your feedback but honestly in watching the prices realized at DLRC the coins seem to get multiple bids and sometimes even exceed the market valuation, sometimes even crummy coins. I have never seen anyone get a bargain or was able to steal any of the unreserved lots unless maybe the coin is a total dog.

It sounds to me that you already have your mind made up on what you're going to do
So, just do it
Just let us know how it worked out for you
Good luck

Joey29

@winesteven said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

Or the danger is starting your true $400 coin at $1 and it goes for $250 hammer.

You honestly think an attractive CAC PCGS coin can go for a bargain price or be stolen at these auctions.! I have never seen a pretty PCGS/CAC coin go cheap unreserved at DLRC. Actually they seem to outperform the stuffy artificial reserve coins Except a dog coin possibly. These bidders are sharks, no $400 coin for $275 I think unless No CAC and not attractive

winesteven

@Joey29 said:

Thanks Steve for your reply. I thought expensive coins that you deal in are where you could lose thousands are the danger of no reserve

It’s relative. While many of the coins I buy are four figure coins, I also sell the coins I replace, and some of those are three figure coins. But yes, typically over $400. Like @alaura22, I too was fooled into thinking some of the coins you were selling were without CAC’s. Having a CAC will HELP you get fair value, but will not guarantee it. I’m just saying, while in my opinion my coins being sold have nice eye appeal, many times I end up disappointed in the result, even with a green CAC.

alaura22

Did you not hear winesteven??? It happened to him! Eye appealing with CAC stickers high end coins!

Joey29

@alaura22 said:

@Joey29 said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I appreciate all your feedback but honestly in watching the prices realized at DLRC the coins seem to get multiple bids and sometimes even exceed the market valuation, sometimes even crummy coins. I have never seen anyone get a bargain or was able to steal any of the unreserved lots unless maybe the coin is a total dog.

It sounds to me that you already have your mind made up on what you're going to do
So, just do it
Just let us know how it worked out for you
Good luck

I will consider you and Steven’s valuable opinions and review more Unreserved auction lots before deciding on anything

humanssuck

Put them on the BST first. If you happen to sell them there, no auction house fees. Worst case, you can auction them if you dont get an offer you like. what's the harm in trying?

Joey29

@alaura22 said:
Did you not hear winesteven??? It happened to him! Eye appealing with CAC stickers high end coins!

Yes that is very interesting information to consider. But he pays very strong prices and he deals in expensive coins that have extra downside. I didn’t have to pay high as I paid regular price for these common coins and made my own CAC stickers including the gold ones.
So I think my downside is minimal.
I do respect your opinions and will think this over. But please consider my logic as well. Thanks

alaura22

Just let us know what decide to do
If you go the auction route let us know when they list
I'll really be interested if you start them at $1

winesteven

Here’s GC history for all 11 Lafayette Silver Commem Dollars graded by PCGS MS64 with CAC’s they’ve sold. Which one do you think was mine? Keep in mind the prices you see include a 12.5% bp.

Oct 2021 $2,082; Feb 2021 $2,419; Nov 2020 $2,025; June 2020 $1,694; June 2019 $1,999; Dec 2018 $2,475;
July 2018 $1,969; April 2018 $2,025; Aug 2015 $2,055; June 2015 $2,640; April $2,640.

I paid $2,062 in July 2019.

The hammer was $1,506. I then saw it sold two weeks later by a dealer in minutes just after they sent out their daily email of NEWPS, for $2,400. Oh, the agony, lol.

As I indicated above, I’ve done well on many sales at GC, and have had good results at DLRC, as well as similar “disasters”. You just have to hope that at least two bidders really want your coin!

Here’s the True View. Admittedly, not a “10”, but compared to the other 10 sold, in general it’s quite nice.

MFeld

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I don’t know of any major auction house where that happens, unless the coin is only “worth” a few dollars. There are simply too many bidders who will gladly pay 70%, 80%, 90% or whatever of fair market value. And it’s doubtful that a coin worth only a few dollars would be offered as a single lot in the first place.

MFeld

@Joey29 said:

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

You raved about some of those coins and how much you liked them in multiple threads fairly recently. Now, you’re thinking about or wanting to sell them?

Joey29

@MFeld said:

@Joey29 said:

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

You raved about some of those coins and how much you liked them in multiple threads fairly recently. Now, you’re thinking about or wanting to sell them?

No Mark not all of them maybe 1 or 2, actually mainly the 1926 Buffalo that was conserved as it’s lost its pretty toning. I am looking to sell and replace with a toned piece that is eye appealing. I wanted to learn what our members consider the best option, so I know whenever I may want to upgrade a coin or trade it for a better one

MFeld

@Joey29 said:

@MFeld said:

@Joey29 said:

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

You raved about some of those coins and how much you liked them in multiple threads fairly recently. Now, you’re thinking about or wanting to sell them?

No Mark not all of them maybe 1 or 2, actually mainly the 1926 Buffalo that was conserved as it’s lost its pretty toning. I am looking to sell and replace with a toned piece that is eye appealing. I wanted to learn what our members consider the best option, so I know whenever I may want to upgrade a coin or trade it for a better one

I didn’t say “all of them” - I said “some..”.
You had multiple threads about the Buffalo nickel and the Peace dollar and as I recall, you still loved the nickel after the toning had been removed. Obviously, it’s your prerogative to change your mind and collect as you please. But it might help you to read and think about what you wrote about those two coins, not very long ago. I remember repeated, glowing descriptions of them.

jmlanzaf

@Joey29 said:

@alaura22 said:

@Joey29 said:

@alaura22 said:
My feedback would be to put them up on GC, I like them the most. But, I would be placing reserves on ALL of them.

Why reserve do you feel. I thought no reserve excites the buyers and creates multiple bids. Please explain. Thanks

Lets just say that you want to protect your investment.
If you put a coin up for auction and it starts at $1, say it's worth $100. Now, if nobody bids on the coin and I come along and snipe it for the opening bid and win, I just got your $100 coin for $1
Just because you love your coin doesn't mean that there are others that will love it too.
You can't predict what will happen in any auction, why take that risk?
Set a reserve to protect yourself, with GC if the coin doesn't sell it goes over to the next auction, no added charges. They will do this 5 times.
Questions?

Thanks for your response. I understand your logic, but if you have eye appealing CAC coins wouldn’t you take a chance and hope for some spirited bidding since the coins are inexpensive as well. I would think the gamble is more dangerous for a expensive $5000-500,000 coin where you could potentially lose thousands. I have followed coins in DLRC auctions and they all seem to go for top prices, and even some dogs go crazy
Also is it illegal in an auction to bid on your own coins to protect yourself if the bids are very low?
Thanks for your consideration

You have a 64 peace dollar with no CAC. I wouldn't send that to auction anywhere. You'd likely achieve a better price with a fixed price sale.

jmlanzaf

@MFeld said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I don’t know of any major auction house where that happens, unless the coin is only “worth” a few dollars. There are simply too many bidders who will gladly pay 70%, 80%, 90% or whatever of fair market value. And it’s doubtful that a coin worth only a few dollars would be offered as a single lot in the first place.

I bid everything up to reasonable wholesale. No matter what it is. And I'm not the only one

Of course, I doubt the OP wants to net 20% less than wholesale.

jmlanzaf

@Joey29 said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I appreciate all your feedback but honestly in watching the prices realized at DLRC the coins seem to get multiple bids and sometimes even exceed the market valuation, sometimes even crummy coins. I have never seen anyone get a bargain or was able to steal any of the unreserved lots unless maybe the coin is a total dog.

Again, I buy many coins at auction to resell at a profit.

I spent $7500 last night in a Stacks auction on material I will resell for a profit.

I'm not saying that will happen to you, but it COULD.

We just had a thread last week from someone disappointed in their GC results.

jmlanzaf

@MFeld said:

@Joey29 said:

@MFeld said:

@Joey29 said:

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

You raved about some of those coins and how much you liked them in multiple threads fairly recently. Now, you’re thinking about or wanting to sell them?

No Mark not all of them maybe 1 or 2, actually mainly the 1926 Buffalo that was conserved as it’s lost its pretty toning. I am looking to sell and replace with a toned piece that is eye appealing. I wanted to learn what our members consider the best option, so I know whenever I may want to upgrade a coin or trade it for a better one

I didn’t say “all of them” - I said “some..”.
You had multiple threads about the Buffalo nickel and the Peace dollar and as I recall, you still loved the nickel after the toning had been removed. Obviously, it’s your prerogative to change your mind and collect as you please. But it might help you to read and think about what you wrote about those two coins, not very long ago. I remember repeated, glowing descriptions of them.

Actually, I'm more interested in what he JUST wrote. The Buffalo lost its CAC and its pretty toning. The OP doesn't like it anymore but he's sure it will auction well.

MFeld

@jmlanzaf said:

@MFeld said:

@Joey29 said:

@MFeld said:

@Joey29 said:

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

You raved about some of those coins and how much you liked them in multiple threads fairly recently. Now, you’re thinking about or wanting to sell them?

No Mark not all of them maybe 1 or 2, actually mainly the 1926 Buffalo that was conserved as it’s lost its pretty toning. I am looking to sell and replace with a toned piece that is eye appealing. I wanted to learn what our members consider the best option, so I know whenever I may want to upgrade a coin or trade it for a better one

I didn’t say “all of them” - I said “some..”.
You had multiple threads about the Buffalo nickel and the Peace dollar and as I recall, you still loved the nickel after the toning had been removed. Obviously, it’s your prerogative to change your mind and collect as you please. But it might help you to read and think about what you wrote about those two coins, not very long ago. I remember repeated, glowing descriptions of them.

Actually, I'm more interested in what he JUST wrote. The Buffalo lost its CAC and its pretty toning. The OP doesn't like it anymore but he's sure it will auction well.

It’s confusing, due to his different sets of pictures. But I think the coin currently has a CAC sticker.
From what I recall, it first went to CAC, where it failed, due to PVC. Then it was submitted to PCGS for conservation and the toning was removed. Next, was CAC again, where it stickered. There was a lot of mileage and grading fees for a low value coin.

MasonG

@Joey29 said:
Also is it illegal in an auction to bid on your own coins to protect yourself if the bids are very low?

Figure out the least you would be willing to take and set that as a reserve. Then you're protected in case bids are very low.

Joey29

@jmlanzaf said:

@MFeld said:

@Joey29 said:

@MFeld said:

@Joey29 said:

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

@Treashunt said:

@Joey29 said:

@jmlanzaf said:
It's possible that the coins should not be auctioned at all.

Why? That’s what I want to do as they are very eye appealing all CAC with 2 gold stickers as well.

how about some pictures?

You raved about some of those coins and how much you liked them in multiple threads fairly recently. Now, you’re thinking about or wanting to sell them?

No Mark not all of them maybe 1 or 2, actually mainly the 1926 Buffalo that was conserved as it’s lost its pretty toning. I am looking to sell and replace with a toned piece that is eye appealing. I wanted to learn what our members consider the best option, so I know whenever I may want to upgrade a coin or trade it for a better one

I didn’t say “all of them” - I said “some..”.
You had multiple threads about the Buffalo nickel and the Peace dollar and as I recall, you still loved the nickel after the toning had been removed. Obviously, it’s your prerogative to change your mind and collect as you please. But it might help you to read and think about what you wrote about those two coins, not very long ago. I remember repeated, glowing descriptions of them.

Actually, I'm more interested in what he JUST wrote. The Buffalo lost its CAC and its pretty toning. The OP doesn't like it anymore but he's sure it will auction well.

Many collectors love the steel blue blazing look of that Buffalo. JA told me that directly and said nice coin. However I realize I like toned Buffalo’s better and miss my original toning. My personal preference has no bearing on the potential performance of this coin at auction. It’s a great coin for collectors who love the untoned new as minted look. FYIF coin does have a CAC sticker

alaura22

@MFeld said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I don’t know of any major auction house where that happens, unless the coin is only “worth” a few dollars. There are simply too many bidders who will gladly pay 70%, 80%, 90% or whatever of fair market value. And it’s doubtful that a coin worth only a few dollars would be offered as a single lot in the first place.

Mark
The solar eclipse is a rare event, but in happens
All I'm saying is that it could happen
I watch GC when they list there new items up for auction, every one that I come across with an opening bid of $1 will get a bid within a few hours! Hey, why not, who wouldn't be willing to place a bid for $1 on a coin that is graded in a auction. You never know what could happen.
The whole point that I was trying to make with this person was to have him protect himself in an auction. He seems to change his mind quite often, which is his choice to do so.

jmlanzaf

@humanssuck said:
Put them on the BST first. If you happen to sell them there, no auction house fees. Worst case, you can auction them if you dont get an offer you like. what's the harm in trying?

The BST only works if you price them well above guide. The point of an auction is to hopefully win a battle between 2 buyers. If they sell quickly on BST, you'll forever think they were priced too cheaply.

I will gladly pay a 50% premium if it gets me 60% more money. It's not the fee, it's the net in pocket.

jmlanzaf

@alaura22 said:

@MFeld said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I don’t know of any major auction house where that happens, unless the coin is only “worth” a few dollars. There are simply too many bidders who will gladly pay 70%, 80%, 90% or whatever of fair market value. And it’s doubtful that a coin worth only a few dollars would be offered as a single lot in the first place.

Mark
The solar eclipse is a rare event, but in happens
All I'm saying is that it could happen
I watch GC when they list there new items up for auction, every one that I come across with an opening bid of $1 will get a bid within a few hours! Hey, why not, who wouldn't be willing to place a bid for $1 on a coin that is graded in a auction. You never know what could happen.
The whole point that I was trying to make with this person was to have him protect himself in an auction. He seems to change his mind quite often, which is his choice to do so.

If it was me, that $1 bid is for full wholesale price or higher (adjusted for BP). I bid on everything. I go in whenever I can and make my maximum offer. I don't go back unless it's a rare item I really want. And I'm not the only one.

How many times do you see the item sitting at $1 with under 24 hours to go? Close to zero.

Side note: That's why auction houses love dealers. They provide price support for the entire catalogue.

daltex

@alaura22 said:

@MFeld said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I don’t know of any major auction house where that happens, unless the coin is only “worth” a few dollars. There are simply too many bidders who will gladly pay 70%, 80%, 90% or whatever of fair market value. And it’s doubtful that a coin worth only a few dollars would be offered as a single lot in the first place.

Mark
The solar eclipse is a rare event, but in happens
All I'm saying is that it could happen
I watch GC when they list there new items up for auction, every one that I come across with an opening bid of $1 will get a bid within a few hours! Hey, why not, who wouldn't be willing to place a bid for $1 on a coin that is graded in a auction. You never know what could happen.
The whole point that I was trying to make with this person was to have him protect himself in an auction. He seems to change his mind quite often, which is his choice to do so.

I can think of an awful lot of coins I wouldn't want to be in to for $1+BP+shipping. No sales tax in my state.

sedulous

Very nice CAC that has a common date will have more risk than rare dates at auction with CAC sticker. Although you have nice coins, they are common dates so factor that in.

alaura22

@daltex said:

@alaura22 said:

@MFeld said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I don’t know of any major auction house where that happens, unless the coin is only “worth” a few dollars. There are simply too many bidders who will gladly pay 70%, 80%, 90% or whatever of fair market value. And it’s doubtful that a coin worth only a few dollars would be offered as a single lot in the first place.

Mark
The solar eclipse is a rare event, but in happens
All I'm saying is that it could happen
I watch GC when they list there new items up for auction, every one that I come across with an opening bid of $1 will get a bid within a few hours! Hey, why not, who wouldn't be willing to place a bid for $1 on a coin that is graded in a auction. You never know what could happen.
The whole point that I was trying to make with this person was to have him protect himself in an auction. He seems to change his mind quite often, which is his choice to do so.

I can think of an awful lot of coins I wouldn't want to be in to for $1+BP+shipping. No sales tax in my state.

Really???
You wouldn't be interested in a graded coin for a $1 bid? Add BP, wow 10% now we're up to $1.10, then shipping $5 +.05 per coin for anything under $500.
So, you're telling me that you would pass on around 400 graded coins for about $500 total expence???

MFeld

@sedulous said:
Very nice CAC that has a common date will have more risk than rare dates at auction with CAC sticker. Although you have nice coins, they are common dates so factor that in.

Typically, common date examples have much less risk, not more, as there’s a broader group of buyers and more widespread price support.

jmlanzaf

@alaura22 said:

@daltex said:

@alaura22 said:

@MFeld said:

@alaura22 said:
The danger is starting your coin for a $1 and getting a $1.

I don’t know of any major auction house where that happens, unless the coin is only “worth” a few dollars. There are simply too many bidders who will gladly pay 70%, 80%, 90% or whatever of fair market value. And it’s doubtful that a coin worth only a few dollars would be offered as a single lot in the first place.

Mark
The solar eclipse is a rare event, but in happens
All I'm saying is that it could happen
I watch GC when they list there new items up for auction, every one that I come across with an opening bid of $1 will get a bid within a few hours! Hey, why not, who wouldn't be willing to place a bid for $1 on a coin that is graded in a auction. You never know what could happen.
The whole point that I was trying to make with this person was to have him protect himself in an auction. He seems to change his mind quite often, which is his choice to do so.

I can think of an awful lot of coins I wouldn't want to be in to for $1+BP+shipping. No sales tax in my state.

Really???
You wouldn't be interested in a graded coin for a $1 bid? Add BP, wow 10% now we're up to $1.10, then shipping $5 +.05 per coin for anything under $500.
So, you're telling me that you would pass on around 400 graded coins for about $500 total expence???

There is a minimum BP. It's not 10 cents. It's $5 at GC and $20ish at Heritage and Stacks

MasonG

It should be easy enough to determine a reasonable price range for common coins. Why would anyone who's paying attention bid more than 20%-25% back of that?