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If selling a collection...

LittleBitOEverythingLittleBitOEverything Posts: 288
in U.S. Coin Forum
I have a collection i'm looking to sell, but looking for direction. We have a reputable coin shop here in town that is busy everyday buying and selling (buying as of late).

The only thing i'm a little torn over is.

1. Iv'e dealt with him before and he usually is very loyal to the grey sheets.

2. they charge 50 bucks an hour to appraise, and it is waived if you sell.

3. I've sold on Ebay before, but taking pictures and all the shipping is a hassel, but I believe the profits might be better.

4. Could just get a redbook and go from there, Unless anyone in the Toledo, Ohio area who might be interested in taking a look.



I'm Thinking of getting my collection appraised, and if the price is right, selling. My grading is decent, but havent' really been up to par in the last couple years, as i've stepped away for a bit.

Like I said not a Huge collection or even a large, but there are nice pieces, as I concentrated on Morgans and IHC. But also alot of loose barbers,WLH,ETC....

Any insight would be appreciated.


putting together a MS 60 and up Morgan set....60% complete...otlher 40% probably take the rest of the decade!

Comments

  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    Why not try the B/S/T forum right here?


    Steve
    Good for you.
  • pakasmompakasmom Posts: 1,920 ✭
    If the shop in town is reputable and your collection isn't large, maybe it's worth the money? Maybe they could do the appraisal in an hour or two? Might be worth it if you already trust them...
  • CarlWohlforthCarlWohlforth Posts: 11,074 ✭
    Some people can list your coins for you on eBay for a surprisingly low fee though selling yourself might bring the most money.

    You will do better splitting up your collection rather than selling it to one person. That is because collectors looking to fill holes will pay more for what they need but won't want the other stuff while dealers will pay less than the collectors because they intend to sell to the collectors.

    Carl's Coins website w/ links to Carl's auctions
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    list it on the bst!
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • LittleBitOEverythingLittleBitOEverything Posts: 288
    BST, might be a good option, just need to be accurate on the descriptions. I mean I can take some good pics and post them. Might even benefit me a bit with a photobucket link, can just go there to see pics.


    Thanks for the replies.
    putting together a MS 60 and up Morgan set....60% complete...otlher 40% probably take the rest of the decade!
  • StuartStuart Posts: 9,762 ✭✭✭✭✭
    I suggest that you take some digital photos of a representative sample of your collection, and post it on the forum for others to see and comment on.

    I presume that most of your coins are raw (not certified) from your description, because value estimation is easier to do for slabbed vs raw coins...

    Stuart

    Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

    "Luck is what happens when Preparation meets Opportunity"
  • ajiaajia Posts: 5,403 ✭✭✭
    My gut reaction is to sell to the local coin shop.
    My presumption is that the coins are raw, not graded.
    If the dealer buys at Grey Sheet, I really doubt that you'll get too much more here, especially raw.

    eBay is really pretty time consuming , even more than listing here.

    I guess my advice would be to list here with your grade & price first.
    With raw coins photos are pretty much a must here.
    <<Might even benefit me a bit with a photobucket link, can just go there to see pics.>>
    Yup, that would help out a lot.

    Give it a time limit...1 week, 2 weeks, whatever.
    Then, whatever doesn't sell goes to the dealer.
    Just be prepared and have an idea on what you want for them.

    Good Luck.
    image
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    "2. they charge 50 bucks an hour to appraise, and it is waived if you sell. "

    This would be enough to stop me in my tracks. IMO, an offer to buy is not the same as an appraisal. So, if the guy offers to buy and you say no, he is still going to charge you? - I wouldn't call that reputable, sounds kind of crooked to me. imo image
  • tbarrecatbarreca Posts: 299 ✭


    << <i>"2. they charge 50 bucks an hour to appraise, and it is waived if you sell. "

    This would be enough to stop me in my tracks. IMO, an offer to buy is not the same as an appraisal. So, if the guy offers to buy and you say no, he is still going to charge you? - I wouldn't call that reputable, sounds kind of crooked to me. imo image >>



    Actually, I think deals like this are rather common in collectibles markets.
    Tony Barreca

    "Question your assumptions."
    "Intelligence is an evolutionary adaptation."
  • BAJJERFANBAJJERFAN Posts: 31,181 ✭✭✭✭✭


    << <i>"2. they charge 50 bucks an hour to appraise, and it is waived if you sell. "

    This would be enough to stop me in my tracks. IMO, an offer to buy is not the same as an appraisal. So, if the guy offers to buy and you say no, he is still going to charge you? - I wouldn't call that reputable, sounds kind of crooked to me. imo image >>



    You pay for an appraisal. The guy waives the fee if you decide to sell to him, so what is so hard to understand about that? On what basis is the appraisal made? Retail price? Wholesale price? If a guy appraises my coins at $100K, but only offers $80K he likely won't get them.
    theknowitalltroll;
  • terribleredmonsterterribleredmonster Posts: 456 ✭
    There are a couple of guys on this forum that make a business out of listing things on ebay for others. Airplanenut is one. Maybe you should take a few snapshots comprising the bulk of the collection and ask him his opinion of whether it will do well on ebay or not. Ebay can be hit and miss, but the right kind of material always seems to do well. Maybe he can tell you if it's worth your while.
    "YOU SUCK!" Awarded by nankraut/renomedphys 6/13/13 - MadMarty dissents
  • LittleBitOEverythingLittleBitOEverything Posts: 288
    I'll get some pics up soon, I have a lot of raw coins, but also slabbed and graded as well.

    Thanks for the advice.




    putting together a MS 60 and up Morgan set....60% complete...otlher 40% probably take the rest of the decade!
  • 291fifth291fifth Posts: 24,515 ✭✭✭✭✭
    eBay, but you have to be able to take good photos.
    All glory is fleeting.
  • LittleBitOEverythingLittleBitOEverything Posts: 288
    Is the NumisMedia, FMV a decent representation of prices? I do realize that coins are worth only what people are willing to pay for them.


    putting together a MS 60 and up Morgan set....60% complete...otlher 40% probably take the rest of the decade!
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Shortest book in the world: ......a listing of the B&M shop dealers who are buying raw accumulations at greysheet bid.

    This isn't 2007 anymore. And back then those guys weren't paying CDN bid except for key dates in nice condition or other easily saleable items. Unless you have key or semi-key dates in optimum grades of totally problem free Fine-AU I wouldn't expect anything near greysheet prices right now. Yeah, they might pay greysheet bid alright but only by valuing a VF35 at "VF20" or an XF as a VF. Another factor is that the sheet prices for that kind of material has not been adjusted. Trading levels are probably somewhat lower now. It's not like collectors are coming out of the woodwork to fill their albums. Even formerly desireable pieces are now tending to sit in shop and bourse display cases.

    You shouldn't mind trying a local shop to see what they would offer but certainly not if they assign an appraisal fee. There are too many others available that don't. You can always bring in a couple of your best and most valuable pieces to see what the guy has to offer. Then it's really not an appraisal of a collection. Once you know what they'll pay on your best stuff you'll be able to figure in the rest as it will be considerably lower.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    The BST here for the better stuff and shop the rest to the dealer. Cheers, RickO
  • PerryHallPerryHall Posts: 46,563 ✭✭✭✭✭
    Do you trust this dealer enough to give him the coins to sell on consignment?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • aficoinadoaficoinado Posts: 297


    << <i>The BST here for the better stuff and shop the rest to the dealer. Cheers, RickO >>



    I agree. The common stuff will take longer to sell so just get it over with.
  • LittleBitOEverythingLittleBitOEverything Posts: 288
    I would say, Yes I trust him, but without having a definite value I would hate to consign them. Some of my stuff I know the value on, as I do have slabbed coins.
    My biggest hang up is my 12s V. Nickle, Without a positive identifier I can't be sure of it's status. I took it to Toledo Coin Ex. Had 1 guy look at it and say he just couldn't be sure.
    Any experts here that could give me a heads up? ON some thing that would set it apart.


    Eric
    putting together a MS 60 and up Morgan set....60% complete...otlher 40% probably take the rest of the decade!
  • LittleBitOEverythingLittleBitOEverything Posts: 288
    Here's a few Iv'e had saved in my photobucket account for a while now.

    image Definitely love this one.

    image One of my favorite Moderns, just because of the color

    image My ANACS 95 DD


    Eric
    putting together a MS 60 and up Morgan set....60% complete...otlher 40% probably take the rest of the decade!
  • shorecollshorecoll Posts: 5,446 ✭✭✭✭✭
    On the 12-S if you post a pic, there are some major experts here that could tell you whatever you need to know, assuming it's a decent pic.
    ANA-LM, NBS, EAC
  • LittleBitOEverythingLittleBitOEverything Posts: 288
    I'll try to get a decent pic of it. Think I had it on here once before but the Pic quality was not to well. Have a small digi camera now, with some nice features. Guess will see...


    Eric
    putting together a MS 60 and up Morgan set....60% complete...otlher 40% probably take the rest of the decade!
  • LongacreLongacre Posts: 16,717 ✭✭✭
    If it is more of an accumulation rather than a collection, I would try to sell it locally, rather than doing Ebay (assuming you don't have the time to deal with Ebay).

    As someone else suggested, if you can hire one of those Ebay-seller places to handle everything, you might make a little bit more money.
    Always took candy from strangers
    Didn't wanna get me no trade
    Never want to be like papa
    Working for the boss every night and day
    --"Happy", by the Rolling Stones (1972)
  • LittleBitOEverythingLittleBitOEverything Posts: 288
    Good idea, I mean I have the time, but taking all them pics and all...lol, then what separates an accumalation from a collection/...lol...I tend to believe they go hand in hand at some point..But I see your point. There are the collectors who can basically say which coin they need want, then the accumalators who buy what they think is a good deal, and horde it for a while, and they keep doing it...lol, I think I fell between the 2...


    Eric
    putting together a MS 60 and up Morgan set....60% complete...otlher 40% probably take the rest of the decade!

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