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Random Question re Dealers and Shipping Inventory

keojkeoj Posts: 1,051 ✭✭✭✭

This is a "curiosity" question. As the ANA show is pending, how do dealers or auction houses move their inventory to a show? Is this typically a private service (Brinks, Loomis, etc) or is the standard Fedex method.

Next question: At what point does it make sense to use a private carrier to ship a pile coins to a grading house.. $100K, $200K, etc? Knowing the limit at USPS is $50K, it can get rather expensive quickly. It might be easier to just submit at a show directly :)

Best, Keoj

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    MasonGMasonG Posts: 7,604 ✭✭✭✭✭

    Some dealers carry their inventory with them, either driving or flying.

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    MFeldMFeld Posts: 17,179 ✭✭✭✭✭

    Different dealers use different methods to get their inventory to shows. Among them are taking the coins with them in a car or on a plane, shipping to the show by overnight carrier and using a private company.

    Depending upon the auction house and the specifics of your consignment, you might be able to ship and be covered by their insurance policy or they might have a representative pick up the collection.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

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    DesertCoinDesertCoin Posts: 491 ✭✭✭

    Loomis

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