Selling coins through Heritage

jessewvu

Hopefully this is the correct category for this post, please let me know if i need to put it somewhere else.



Do they "approve" coins to be sold before you send them in?

Do they only take limited amounts of coins or put limits on how many you can have at once?

If a coin sells for $1,000, how much do you actually get back? Does the buyers premium cover their profit?

Can you tell them what auctions you want your coins in or is it determined by them?

Is there a better option for selling modern coins graded by PCGS that might be better?



Thanks! I'm needing to sell some of my coins and was wondering what the best option was.

zas107

In Regards to Heritage. All coins must be slabbed generally speaking (which they can have done for you). They typically do not accept coin consignments totaling under $5000. You can ask for which auctions you want your coins to go into. For a signature sale they don't like to put coins valued under 500 into those (they get routed for weekly internet sales). Your fees if any outside of the buyers premium are determined by what rate you negotiate. More valuable collections generally get better rates.

Unfortunately I don't know the moderns market so I cannot comment on if there is a better avenue for sales. Hopefully this helps somewhat!

keyman64

Read this thoroughly. GreatCollections is the place to go.

Besides a miniscule token listing fee, coins that sell for over $1,000

do not come with a seller's fee! If you have raw coins, they will submit

them to PCGS for you and even CAC if you want. They do not charge you

shipping or the normal high fees when doing this...UBER CHEAP!

Customer Service is TOP NOTCH! You can reach Ian on these forums

or via email....and EXPECT a QUICK REPLY! You can even get him on the

phone! They are flexible about selecting the dates you want the coins sold.

You decide what the bidding starts at!



For buyers, they do not try to make a ton of money off of them with outrageous

shipping charges and 17.5% fees. Buyers' fees are only 10% which means

people will be comfortable bidding higher on your items.



Just go here...super easy with great results: http://www.greatcollections.com/main-sell

epcjimi1

Heritage wanted to start my C&G 1861 1/4 eagle @ 1/2 price, I said no way, crazy, sold it privately for listed value.



There are Heritage auction reps / managers, the guy I had was a yahoo. FWIW.

Lakesammman

keyman64 has some good advice for coins that are fairly generic (moderns) and people are comfortable bidding on sight unseen.



For the higher end coins, I think you are better off with HA since the buyer (in general) has the chance to see the coins in person.



epcjimi1 - you'll never know which way was better since you sold it privately. Starting an item lower gives bidders the chance to be "invested" in the buying process, just like on ebay.



With regards to the reps, I've always been impressed with HA's staff.

TopographicOceans

You should search the archives on eBay, HA and GC for the coins you have and see what the sales prices were.

keyman64

Originally posted by: Lakesammman

keyman64 has some good advice for coins that are fairly generic (moderns) and people are comfortable bidding on sight unseen.

They also do quite well with Top Pops, Finest Known, New Discoveries and quite frankly, very rare items. I speak from experience. GC will take better items with them to the major shows so that they may also be seen in hand. They are just a phone call, PM, email away from arranging that.

claychaser

I also use GC as a retail selling venue, and have been quite pleased with their customer service and lighting fast payment. You can set reasonable opening bids, and if it does not sell, it gets relisted for an auction closing 2 weeks later at no extra fee to the consignor. They are also the way to go if you have a bunch of raw stuff to get slabbed, as you avoid the grading service order fees and return shipping fees. Since their consignor fees are lower, I say its what you get net that counts, not what the actual selling price with the juice.

keyman64

Where is the TOP POP PROBLEM FREE newly discovered 1919 DDO FS-101 Mercury Dime being sold?.......Great Collections.

This coin is a more significant variety than the 1942/1-D Mercury Dime and should be making it into the next Red Book,

not to mention Cherrypickers' Guide. There was also that ONE AND ONLY KNOWN Proof Franklin Bugs Bunny that sold

in 2015 as well.



Edit: I guess if you have a top pop or near top pop 179x US Coin and you wanted to

allow for the most people possible to view it in hand...then Heritage might be your best

bet and then you might also negotiate the seller's fee so you get close to 110% possibly...

but I don't exactly play in the deep end like that. Most stuff will do just fine, if not better,

at GC.

UtahCoin

I know first hand that with the right coins, with Heritage, you can negotiate down to a 0% seller fee. This was with a $500K Bust Half collection. (not mine)

ms70

I have bought 3 coins from GreatCollections in two transactions and as a buyer I was very satisfied. I think maybe the attraction to the big auction houses nowadays is their hype & fireworks around major coins shows.