Advice on best forum to sell a complete set of GSA's

Colorfulcoins

I have a complete set, all with boxes and COA's, that I'm considering selling (78, 79, 80, 81, 82, 83, 84, 85, 90, 91). Do you think:

1. Selling as a complete set is the way to go?
2. Selling individually is the way to go?
3. Selling on here or on ebay or ????

I've had some of these since 1973. None are exceptionally high grades for the date. The most noteworthy of the bunch is the 79CC which is probably a MS62PL.

What do you feel is the best go-to-market strategy?

Steve27

First have them graded by NGC (at least the better coins), then list them here on the BST Forum piecemeal, then list them on ebay the same way.

dtkk49a

I would get then banded them by NGC. Maybe there's a VAM or two there. Then I would come up with a price that you would be willing to part with them for. If that price is attainable by selling them as one lot, then that would be the easiest, fastest way. It just depends on how much you are ready accept for them.

slipgate

I would figure out what you want for the set, add about 20% and make this your reserve, put it on ebay and see what happens. You might get lucky and find someone who wants the entire set, all at once and is willing to pay a premium to get it. What's the downside? If it is a no sale, you lose your listing fees, big deal - that's less than grading fees on one coin!

I know people that would want the set of GSA's, but would be hesitant to bid individually because if they lose one or two, the set would be broken up. Selling as a set gurantees them a full GSA set.

Barndog

<< <i>I would figure out what you want for the set, add about 20% and make this your reserve, put it on ebay and see what happens. You might get lucky and find someone who wants the entire set, all at once and is willing to pay a premium to get it. What's the downside? If it is a no sale, you lose your listing fees, big deal - that's less than grading fees on one coin! >>



I agree with this technique. The most important part is deciding what you want for the set. If you can get it, sell without the hassle of grading. One caution is that maybe you have undergraded a coin or two and perhaps there is more value in your set than you believe.

777

Having them graded as a set would be the wise choice; as would keeping them together, this forum is a great place to sell coins and without all the Ebay fees

CalGold

I am no expert on these and could be wrong but I think that some of those better dates like the 91-cc can bring substantail premiums in the GSA holder. There are guys who are trying to assemble complet GSA sets and will pay for the plastic. You need to find out what those bring. I would not sell them as a set since the GSA collectors who would pay a premium for the dates that are tough to find in GSA holders won't want the common stuff and won't want to pay up for it.

Do NOT grade the common stuff if is less than a 64--you will be wasting your money and might actually impair the market for the coin. You can unload the common stuff on ebay to folks who will pay near 64 money for a baggy dog because they don't know any better. But if its in a 62 holder they won't want it.



CG

IrishMike

First of all find out what they are worth and the only way to do that is to send them to NGC as others have noted they will band the box with a grade. Then look at what recent sales have brought on Heritage and Teletrade and price each coin accordingly, you might have to take a little less but you won't have to pay a commission to an auction house. You should set the reserve on ebay and sell them individually. Most morgan collectors I know don't buy sets and as GSA's are very colllectible you shouldn't have much trouble or hassle sellling them.

Hadleydog

<< <i>I am no expert on these and could be wrong but I think that some of those better dates like the 91-cc can bring substantail premiums in the GSA holder. There are guys who are trying to assemble complet GSA sets and will pay for the plastic. You need to find out what those bring. I would not sell them as a set since the GSA collectors who would pay a premium for the dates that are tough to find in GSA holders won't want the common stuff and won't want to pay up for it.

Do NOT grade the common stuff if is less than a 64--you will be wasting your money and might actually impair the market for the coin. You can unload the common stuff on ebay to folks who will pay near 64 money for a baggy dog because they don't know any better. But if its in a 62 holder they won't want it.



CG >>

morgannut2

Send the '79, '90, and '91 to NGC regardless of grade. Then consign them to an auction house. Unless there's a gem, sell the others on ebay. Keep the cards from the 79, 85, 90, 91 if the number shows the date.

Tarmac

That's a sweet short set! Why are you selling?

GSAcollector

Unless you are fairly certain the coin will grade at least ms64, do not bother getting any of the common dates graded. Grading would be worthwhile for the 79, 90, and 91 if you can get a grade of ms63. If the 79, 90, or 91 look like they will grade ms62, do not get them graded. Determine if the 80 is a reverse of 78. You will get a premium for that variety. Do no bother trying to sell as a set. Serious gsa collectors are usually looking for specific coins, and will not buy the set unless they can get it below wholesale. Sell all on ebay separately. List on Sunday night at 7pm for 7 days. Do not list during a week where there is a holiday. Put a reserve on the 79 just in case you don't get much serious action. You may have to relist this one a few times to get your price. List the others starting at $1 and take your chance. Do not bother selling on this forum. Not a wide enough audience and these guys won't pay retail. Don't bother with the auction houses - a commission of 15% is hard to overcome, and the more common and ungraded coins will not get much interest. The 78 is selling very well right now on ebay, ungraded. You will likely get a very good price right now. Same for the 80, if it is a reverse of 78. Don't expect much for the 82, 83, or 84. Make sure you put some good pictures in your listings, with closeups of the obverse and reverse of each coin. If it is really baggy, don't worry if the pictures are not in sharp focus, but include close-ups anyway. Make sure when you list to use the description 18xx-CC GSA Morgan Silver Dollar and a description like Blast White or Blazing. If you list a grade, make sure you say that it is just your opinion and the bidder should make his own decision before bidding. In your description, make sure you mention you are including the box and certificate of authenticity. Don't bother keeping the certificates and selling them separately (except for the 79 - that COA has good market value by itself). Good luck!