What's the best way to sell your coin collection?

mrearlygold

I'd like to know what most people think when it comes to selling your coins and why. Do you think you do better at auction? What about a dealer who specializes in the material you have for sale, is it better to let him handle the sale on a coin by coin basis? What is your opinion on the best way to sell your coins?

Rgrds
Tom

numonebuyer

See Recent Poll

mrearlygold

eBay: 39 votes (56.52%)
Through this Forum: 20 votes
At a Coin Show: 2 votes
Other: 8 votes


I'm shocked.

Tom

ziggy29

It really does depend on what you have and the liquidity of that particular material.

bennybravo

As an active collector, and not someone cashing out all at once,I like eBay.It's a great way to get a fair price, and get paid quickly. Being somewhat handy with a digital camera helps tremendously.If I were selling it all,I'd definitely go with a Large auction House for better prices, and alot less work.

Bear

There are several considerations before a choice is made on the collection.

1. What kind of coins are in the collection. ie Commems, 18th century , 19th century tyoe, or modern coins.

2. What is the grade of the coins and price range of the individual coins.

3. How fast do you need the money.

4. How much effort and hassel are you willing to put up with ie shipping,dealing with individual buyers, and
handling problems and returns.

5. Do you have a good relationship with a dealer, that will pay you a fair price for your coins or handle them efficiently on consignment.

6. How large is the overall collection in numbers and total value.


Only when these questions are answered, can you make a rational and informed decision as to the method of sale.

mrearlygold

Bear, good points. What is you were selling a complete set of say Indian Eagles?

Rgrds
Tom

Bear

If the eagles were in high condition, I would go the auction rout myself.

Normally, their are usually several options that would be acceptable depending

on factors mentioned above. Each case is really unique and special.

SarasotaFrank

I have found the most trouble free method to be to members of this forum through bst. They know and understand price and value, I have never had a payment issue and I would like to see my coins go to someone who has an appreciation for the material.

mrearlygold

<< <i>If the eagles were in high condition, I would go the auction rout myself.

Normally, their are usually several options that would be acceptable depending

on factors mentioned above. Each case is really unique and special. >>




Bear, what if the dealer who sold many of these to you told you he could do better? And yes, consider them high grade, condition census.

Rgrds
Tom

Bear

Well, If the dealer can get you more then you paid for the coins, then that would be OK.

Of course, it also depends on how long ago you bought them. If its is a recent purchase

then sometimes a dealer specialist you bought them from will give you the best price.

Just a thought, auction a few and see where the pricing goes. Then give the dealer a shot and he has

to exceed the auction results. On consignment, also put the issues in writting as to length of time.

dealers fee, protected minimum prices for each coin and how dealer will advertise said consignment.

Condition census is usually items in demand.

boyhowdy

That's an easy one.

1. Have Eric and Jeremy shoot the pics.

2. Post them on bst.

3. Sit back and light a cigarette.

Steve

Bear

Smoking is bad for your health,......cough.......cough.....gasp.......cough.

291fifth

It depends on what type of coins you have. If you have nice collector coins and have good camera skills, eBay is probably the way to go. Setting up at a local show may also be a good route for this type of material. If you have a "name" collection (and I don't mean a #14 registry set) a major auction is probably the way to go. If you have highly specialized material then seeking out the dealer and/or collector specialists in that are will be best. If you are on good terms with your local dealer and he has an active clientel, you may sells some pieces thru him via consignment.

There is no one best way. You simply have to know the market for what you have and act accordingly.

BAJJERFAN

How many collectors really want to buy a full set already made? I think I mite put mine up here first. I mite sell as a full set, say I intend to sell in 30 days and give folks time to raise the cash. Or I would sell all the 78's as a lot, etc. If I sold one coin at a time ALL of the commons would have to sell first before I put up the better stuff.