Selling at Auction vs. Dealer Buyout (with a little help from CMQ)
Today is my 5th year PCGS Forum anniversary. I have learned a lot from this board. So, thank you everyone for sharing your knowledge!
As a long time collector of collectibles I've been a strong believer of selling at auction. However, early on, members of this board made me aware that selling to a coin dealer may actually be a better option. But, no question, it's hard work.
Here is my latest experience. Bear in mind I am NOT advocating that this is the only way to sell coins; but, a viable option.
I decided to give CMQ a try and submitted five PCGS MS64 silver coins bought before CAC was established. This was on October 14th. There was nothing exceptional about these coins or their holders; but, they were nice coins. They were received by CMQ on October 24th. On October 26th they received GRIFFINS! Their Greysheet value was $3,395 and after a little negotiating, I accepted an offer of $3,525. CMQ's check was mailed on November 7th.
CMQ then placed these coins in Stack's December 10th auction and they were hammered down for a total of $3,090! With 20% commission, the buyers paid $3,708. If I had put my coins in this auction, I most likely would have received my proceeds check around the end of the year.
Outright coins sales can be a competitive option.