It is worth exploring whether the dealer will take grey sheet for the individual coins. If so the idea about keeping out a few with special color or whatever to sell on your own might be the way to go. The ones with color may well not be of any special interest to the dealer anyway.
@CommemKing said:
I have a local dealer who is willing to buy the set as a whole for right around Grey Sheet right now. This would save much time, effort, and uncertainty than if I was to auction it. Im still going to take a huge loss, but I dont see many other options. Thoughts?
I think you will have most the money in hand with low risk and low effort. Even if you sold all through an auction company, you are looking at 3-6 months to get the money from when you start process.
I would take that dealer up on that Gray Sheet offfer. There are more than a few collectors out there who think that the Gray Sheet is the retail price for these coins. When I was blowing off the rest of my inventory, which included pieces like the Arkansas - Robinson, I was accepting 25% below Gray Sheet bid for a white in PCGS MS-64 that had no issues. It was a nice coin.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
another option would be is to list them all on the bst at a percentage over grey sheet or assign prices and see if there is enough interest. I tend to think a lot will be slow to move but one never knows. Half of them may sell rapid with in 30 days at close to ebay prices.
another alternative is to see if someone offers more then the dealers offer price for the set , disclose that and ask for bids if none better in a week sell it to the dealer.
I agree with Sonorandesertrat; an offer to buy is good for as long as you are in the conversation, unless specified otherwise, and walking away removes the deal from the table, too. That is why I told the OP to run back to the dealer today to take up the offer. As far as I am concerned this offer was a gift, but too many folks here want the OP to find the return desk, instead.
I was told the offer was good for as long as needs be. In any event I plan on going there tomorrow to finish the deal. Fairfield's rare coins in Fort Wayne Indiana. Jim Fairfield.
I'd take it unless you think some are way undergraded. I haven't done analysis of the color premiums, but the market for high grade color coins seems to be where any action in this series is. If you were within driving distance of a recognized expert, I might go for a second opinion. Else, take the $. If you do sell them and the dealer has an online presence, please let us know where they went.
I love some of the old commemoratives. I have a few myself but could never part with them. At least that's what I tell myself. I getting up in age to where I need to at least thin my intire collection down or just liquidate them completely. It's something that's been bouncing around in my head like a couple a square marbles. Just to image them and list them all would be a HUGE undertaking by itself. But to pay these outrageous fees is something else intirely. Heritage would be nice but here we go again with those fees again. I wish I had the answer as I too am struggling with the same problem.
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
I got a quick deal and sold it to my local dealer. I got a fair price and sold it as a whole set. I just didnt want to screw around piecing it up and selling at action. The dealer said he is going to keep it together and study it a while before he decides to sell. Thanks for all the insight and help. Now I guess it's time to upgrade my type set.
@crazyhounddog said:
I love some of the old commemoratives. I have a few myself but could never part with them. At least that's what I tell myself. I getting up in age to where I need to at least thin my intire collection down or just liquidate them completely. It's something that's been bouncing around in my head like a couple a square marbles. Just to image them and list them all would be a HUGE undertaking by itself. But to pay these outrageous fees is something else intirely. Heritage would be nice but here we go again with those fees again. I wish I had the answer as I too am struggling with the same problem.
I too struggle; Have lots of coins to sell, little time or gumption to do the long hard work of trying to get All The Money. Hesitant to pay outrageous commissions for the privilege of taking losses. Congrats to CommemKing for the quick transaction, your time is your most valuable resource.
The buyer will do well too as they will have no problem selling fresh, nicely toned commems to their clients over the next few months/year. A win-win for all. The opportunity for a dealer to buy a full set of desirable coins is not that easy either. They just don't usually show up that way. Invariably cherry-picking gets done on both sides and the set is piece-mealed to various entities.
This is good news, and it is nice that you have 'ammo' for the type set now. Just sold off my NO Morgan set and my Franklin halves to cover what I had spent on some dimes and some gold. I was bored with those sets so it was a good thing to do.
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Comments
If you are serious about selling...take Tom B's advice...
It is worth exploring whether the dealer will take grey sheet for the individual coins. If so the idea about keeping out a few with special color or whatever to sell on your own might be the way to go. The ones with color may well not be of any special interest to the dealer anyway.
I think you will have most the money in hand with low risk and low effort. Even if you sold all through an auction company, you are looking at 3-6 months to get the money from when you start process.
I would take that dealer up on that Gray Sheet offfer. There are more than a few collectors out there who think that the Gray Sheet is the retail price for these coins. When I was blowing off the rest of my inventory, which included pieces like the Arkansas - Robinson, I was accepting 25% below Gray Sheet bid for a white in PCGS MS-64 that had no issues. It was a nice coin.
another option would be is to list them all on the bst at a percentage over grey sheet or assign prices and see if there is enough interest. I tend to think a lot will be slow to move but one never knows. Half of them may sell rapid with in 30 days at close to ebay prices.
another alternative is to see if someone offers more then the dealers offer price for the set , disclose that and ask for bids if none better in a week sell it to the dealer.
I would not assume that the dealer's offer is good for the time needed to shop the set around, unless you were told otherwise.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I agree with Sonorandesertrat; an offer to buy is good for as long as you are in the conversation, unless specified otherwise, and walking away removes the deal from the table, too. That is why I told the OP to run back to the dealer today to take up the offer. As far as I am concerned this offer was a gift, but too many folks here want the OP to find the return desk, instead.
In honor of the memory of Cpl. Michael E. Thompson
I think you're fortunate to get such an offer.
Being a local offer is a bonus as well.
"If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"
My Washington Quarter Registry set...in progress
Take the dealer's $ and cut your losses! The poor commem market!
I was told the offer was good for as long as needs be. In any event I plan on going there tomorrow to finish the deal. Fairfield's rare coins in Fort Wayne Indiana. Jim Fairfield.
Please let us know the outcome
I agree with TomB, an opportunity to sell an entire set to one buyer is indeed fortunate and uncommon
Commems and Early Type
I'd take it unless you think some are way undergraded. I haven't done analysis of the color premiums, but the market for high grade color coins seems to be where any action in this series is. If you were within driving distance of a recognized expert, I might go for a second opinion. Else, take the $. If you do sell them and the dealer has an online presence, please let us know where they went.
I've seen many 'unwritten' handshake deals dissolve and ruin friendships. Best of luck.
I hope you all of the best.
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
I love some of the old commemoratives. I have a few myself but could never part with them. At least that's what I tell myself. I getting up in age to where I need to at least thin my intire collection down or just liquidate them completely. It's something that's been bouncing around in my head like a couple a square marbles. Just to image them and list them all would be a HUGE undertaking by itself. But to pay these outrageous fees is something else intirely. Heritage would be nice but here we go again with those fees again. I wish I had the answer as I too am struggling with the same problem.
I got a quick deal and sold it to my local dealer. I got a fair price and sold it as a whole set. I just didnt want to screw around piecing it up and selling at action. The dealer said he is going to keep it together and study it a while before he decides to sell. Thanks for all the insight and help. Now I guess it's time to upgrade my type set.
Glad it worked out for you. I think you made the right call.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
Good for you. I recently sold "my baby" too. Working on type set now. Sounds familiar. Go slow. Hold out for good stuff...... but you know that.
I too struggle; Have lots of coins to sell, little time or gumption to do the long hard work of trying to get All The Money. Hesitant to pay outrageous commissions for the privilege of taking losses. Congrats to CommemKing for the quick transaction, your time is your most valuable resource.
Liberty: Parent of Science & Industry
Selling is a major undertaking. If you can sell a set to one buyer without any fees that is an ideal outcome.
The buyer will do well too as they will have no problem selling fresh, nicely toned commems to their clients over the next few months/year. A win-win for all. The opportunity for a dealer to buy a full set of desirable coins is not that easy either. They just don't usually show up that way. Invariably cherry-picking gets done on both sides and the set is piece-mealed to various entities.
Cograts! Would you care to share % vs retail?
Congrats on the sale and providing fresh coins to the market!
Any idea what you are going to focus on next?
congrats on the quick sale. Saved yourself a lot of precious time and worry.
This is good news, and it is nice that you have 'ammo' for the type set now. Just sold off my NO Morgan set and my Franklin halves to cover what I had spent on some dimes and some gold. I was bored with those sets so it was a good thing to do.
Good deal, hope you got what you wanted for it.
Pretty rare for this to happen.
Early years spent in Hobart and Valpo.
Good for you!! Awesome
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Congrats on the sale
Latin American Collection
Good for you and congrats on the sale! Hopefully, you can reinvest the proceeds into another part of the hobby that youre passionate about.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
It's great you had a dealer with the cash/relationship to forge a good (enough) deal. Much easier, indeed! Congrats!
Here's a warning parable for coin collectors...
Does the dealer you sold to have a website? You may be able to throw them some business from the forum.
Congrats! Glad it worked out to your satisfaction.
Proof Buffalo Registry Set
Capped Bust Quarters Registry Set
Proof Walking Liberty Halves Registry Set