What would you charge for a 30k consignment you took on?

Peaceman

I know of someone who turned down $ 1000 to sell a 30k coin for them.... What is the normal cut?

airplanenut

Normal cut's usually around 10-15%... it's all relative. I'd be happy to make $1k, but that is just 3.3% of $30k...

DickyBetz

Isnt the going rate somewhere around 10%?? I think $1000 is WAY more than fair.

Russ

5%.

Russ, NCNE

CarlWohlforth

I'm %5 unless you are a client of mine with previous business...

dizzyfoxx

1000 bucks to spend 20 minutes shipping off a coin? What's that come out to, about $3,000/hr. Not a bad hourly wage, even by today's standards.
Seriously though, I know it's not that "cut and dry" and I agree that a dealer's reputation, time, efforts, and developed clientele base is certainly worthy of a nominal and a previously agreed upon fee.
Every now and then you'll find a dealer that sells an expensive coin from a client to a buyer and receives nothing more than sincere gratitude for his unsurpassed knowledge and much appreciated patience.

p8nt

Considering it was one coin.. I would be grateful to receive $1000 for selling it. I'd even do it for $500!

FatMan

I am not a dealer so I don't know what I would charge. But I would expect to pay $1500-$2000 for a 30K coin I consigned to a dealer.

ABC123

Most coin auction houses will pay you to sell a $30,000.00 coin. After all, they will make close to $4,500 commission from the seller. With these types of coins the seller is in command and can designate his/her own terms !

ABC123

Mistyped--$4,500.00 from the buyer !

joecheck

10% because of the risk (liability) on your part. 1 or 1000 coins makes no difference.

BAJJERFAN

If it was cash in C-notes $1,000 would be fair to me. Then again I don't think I would be running those kinds of funds thru my personal accounts.

TheNumish

Maybe the guy just didn't think he could sell the coin. Without knowing the whole story it's hard to judge whether the guy was being reasonable or greedy.

LincolnCentMan

10% plus costs.

David

smiles72

<< <i>1000 bucks to spend 20 minutes shipping off a coin? What's that come out to, about $3,000/hr. Not a bad hourly wage, even by today's standards.
Seriously though, I know it's not that "cut and dry" and I agree that a dealer's reputation, time, efforts, and developed clientele base is certainly worthy of a nominal and a previously agreed upon fee.
Every now and then you'll find a dealer that sells an expensive coin from a client to a buyer that receives nothing more than sincere gratitude for his unsurpassed knowledge and much appreciated patience. >>





A-rod makes 45k per at bat.
Do you think he earns it.

A couple of team have thought so.

Your post seems to imply that a sales job isn't worth what is earned.

Sales make the world go around.

Shamika

<< <i>What would you charge for a 30k consignment you took on? >>


Depends on the number of coins. For instance, if it were just one coin worth $30K, I'd charge 2% since the actual work involved in the consignment is almost trivial. On the other hand, if it were 1,000 coins worth a total of $30K, I'd chage 20% since there is FAR more work involved.

fc

it all depends of course.

if i could only fetch 23,000 on my own via personal contacts...

and the dealer can fetch 30,000 through his contacts...

i would, with a quickness, decide to give him a heck of a cut.

think 10% easy.

Longacre

In today's market, I could probably sell it in about 30 seconds for a $500 commission.

Seriously, it all depends on the coin and the experience of the dealer. I like the Piccaso analogy below. If you go to a doctor or a lawyer and they "cure" you or your situation in 5 minutes because of their experience (when it would have taken a hack two weeks or months to do the same thing), you should be willing to pay for the benefit of using the experience, not for the fact that it took 5 minutes to do.

majorbigtime

One K is a fair commish--I'd suggest trying to sell it yourself at a major show or auction--you can leave $1K on the table and still break even!