Great collections vs heritage/stacks 10k coin

Gazes · September 13, 2016 2:33AM

I think all three auction houses do a great job. But I am trying to figure the best place for a coin like a 1916-d fb au 58 pcgs cac (assume it's solid for the grade). It's about a 10k coin. Would one better with heritage/stacks with their numerous deep pocket bidders and sales machine or great collections with no seller fees and lower buyer commission? Thanks

MFH · September 13, 2016 2:58AM

I would go with the auction house with the most exposure - or, as my friends call it:
The only 800 pound Gorilla in the room !! - ie: Heritage. JMHO.

As I have learned over the years, there are ways around the seller fees, I used to consign
my coins thru a few dealers who would be able to give me hammer plus a small percentage.

Check around - or PM me if you'd like to discuss more in detail.

Wabbit2313 · September 13, 2016 3:03AM

Take out the 18% buyer's fee and the 10% sellers fee and you will not be doing as well as you think at HA. With one coin, they will most likely charge you that sellers fee. I think that is ridiculous and they pulled that on me once and I never went back.

Ya Ya, some will chime in that they don't pay that, but for a single coin, lower value, chances are you will. (10K is not a large value for those folks)

wondercoin · September 13, 2016 3:10AM

Wabbit. I would be happy to place the OP's coin in a major sale at Stacks or Heritage for 0 sellers fee. I do it all the time for board members. Wondercoin.

Wabbit2313 · September 13, 2016 3:18AM

Originally posted by: wondercoin

Wabbit. I would be happy to place the OP's coin in a major sale at Stacks or Heritage for 0 sellers fee. I do it all the time for board members. Wondercoin.

Cool. This is good to know! I am still not a huge fan of that 18% but it is what it is.

TopographicOceans · September 13, 2016 3:23AM

I've never paid a seller fee with HA when going through a dealer (and I won't even mention buyers fees)

wondercoin · September 13, 2016 3:25AM

17 1/2%.

Wondercoin.

BryceM · September 13, 2016 3:37AM

Why not try to sell it retail first? You'd be surprised what people will buy from the BST, and there's no commission. Also, if it's something nice, you might easily do better selling it to a dealer than taking a 17.5% auction hit.

Auctions are for people who have to sell, or who don't have time to do the legwork on their own.

DIMEMAN · September 13, 2016 3:43AM

If I had 10K I would buy it from you and save us both the fees.

logger7 · September 13, 2016 3:50AM

You could check around for straight offers; I'm not sure what the offers would be, but if it is pq maybe they would be near the auction hammer price without the six month or longer wait for auction and payment. I used to get strong offers on popular coins with the wholesalers.

tradedollarnut · September 13, 2016 11:45AM

You forgot one. For a coin like that, Legend would give you hammer +7.5%

Doubt you can beat it

Lakesammman · September 13, 2016 11:57AM

There you go. TDN to the rescue.

I really like Ian and GC but for high end coins, you want the photography and lot description to be top notch.

roadrunner · September 13, 2016 12:59PM

I'd expect you should find more than 1 main stream auction house that would give you hammer +5.75% for a $10K coin. That's 90% net. I've never paid a seller's fee. And my lowest net after all fees has never been under 90% for the past 12 years.

3keepSECRETif2rDEAD · September 13, 2016 1:09PM

Originally posted by: tradedollarnut
You forgot one. For a coin like that, Legend would give you hammer +7.5%

Doubt you can beat it

...that's an offer you can't refuse...and given by the Godfather himself to boot

oih82w8 · September 13, 2016 10:43PM

It appears that auction houses give special offers to higher tier customers, which they should. Heritage won't even give me the time of day with the high end (top pop) varieties that I have been trying to sell. I just received a ridiculously low offer yesterday from one of the high profile stealers (dealer) who claim to pay top dollar. Heck they did not even offer a fair price for a "regular strike" coin let alone the attributed variety or the green bean. Moving on.

jdimmick · September 13, 2016 11:17PM

If I were you I would go with the legend offer. I really like there sales: Nice catalog, have a great customer base, straight up folks, and they(and there customers) like nice coins.

I have thought about it a great deal, if I ever part with my personal collection, I am going to have Legend sale it in one of their regency auctions.

Bayard1908 · September 14, 2016 12:20AM

I'd say, figure out what the coin is worth to you and set a corresponding opening bid for GC. You could have it sold in less than a month and get paid in less than two months. If it doesn't sell, you're only out $10 plus the cost of shipping both ways. Drop off and/or pick up the coin in person and you can even save the shipping expense.

Gazes · September 14, 2016 10:25AM

Thanks for all he responses and pms too. Definitely learned some things I didn't know

TwoSides2aCoin · September 14, 2016 11:56AM

Let the bidding begin.

ArizonaRareCoins · September 14, 2016 12:45PM

If you want TOP DOLLAR, Legend is the way to go, but they will only take your coin if it is PQ.

Great collections vs heritage/stacks 10k coin

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