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What would you do?

BoomBoom Posts: 10,165 ✭
in U.S. Coin Forum

If someone just sent you, 50- 1971 US Mint sets, 10- 1960 Proof sets, 5- 1965 Special Mint sets, 5- 1966 Special Mint sets, 5- 1967 Special Mint sets, 5- 1968 Proof Sets and 10- 1970 Proof sets for this Charity Drive?

Would you just auction them off as is?

Would you just ship everything to PCGS and get everything certified?

Would you hunt down a Major Dealer and ask them to have these submitted in bulk for the Drive?

image A few other thoughts come to mind........

Really, what WOULD you do if you wanted to make the most out of this for this Charity Drive?

When I just opened this giant box of all these sets I was instantly overwhelmed by the donor's generosity and then I began trying to figure out just how to make the most out of this.....so, what WOULD you do?

Thanx for your opinions. I've got a huge decision to make here and I don't want to blow this. I could sure use some sound advice here.
Boom's Retired Registry Set & Boom's Retired Variety Set
image

Comments

  • CladiatorCladiator Posts: 18,233 ✭✭✭✭✭
    Big lots like that usually sell very poorly on eBay. Breaking it up into multiple auctions would make for better results but you will be increasing the fees and your time invested.
  • seanqseanq Posts: 8,732 ✭✭✭✭✭
    Here's what I'd do: Send the best of them to Marty, let him decide which coins if any deserve to get certified, then auction off the rest in small groups in their original holders.


    Sean Reynolds
    Incomplete planchets wanted, especially Lincoln Cents & type coins.

    "Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
  • markglickermarkglicker Posts: 1,486 ✭
    Think I would head to Vegas.
  • markglickermarkglicker Posts: 1,486 ✭
    Seriously, Boom. Break em up into lots of 5 sets, and sell them on Ebay. Of course directing the proceeds to the charity.
  • BochimanBochiman Posts: 25,556 ✭✭✭✭✭
    I'd do a quick look to see if any should be certified. If I thought some were close, I would call Russ and drive down and meet him and confirm/deny those coins.
    Anything that didn't/shouldn't go to certification would be sold in the set itself (probably the majority/all of them) and I would list them in the BST or for the auction (probably quicker/better in the BST).

    I would sell as singles or in small groups (wouldn't try to sell all 50 1971 mint sets by themselves)

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • 100proof1957100proof1957 Posts: 6,231 ✭
    run smoe dutch auctions ?
    image
  • BoomBoom Posts: 10,165 ✭
    I looked through virtually everything and there are a lot of pristine coins here. Some of the Mint sets are still in the original packets of 5 still bearing a Jan 12 1972 Postmark. I have seen some deadringer 67s, at least.... totally spotless coins, coins with total unbroken luster, cents that are top notch and nickels with full steps....you get the point. These were purchased, stored away in a perfect place as the coins are as beautiful and crisp as the day they were minted some 34 years ago.

    Now, the reason I ask is simply this. I know what these Mint sets go for sold as is BUT I also know what premiums some of these can bring in high grade PCGS holders. Red cents with no spots (these were copper, remember?) Nickels with Full steps, Franklins that are second to none and Dimes with full bands. Oh and let's not forget the Quarters. These are NOT someone's rejects.

    If I really wanted to make the most of all this I would take the very best pieces and have them certified but I would need either a bulk rate or the cooperation of a PCGS certified Dealer. These were bought, stashed away and kept very well.

    Thanx for all the advice and opinions.
    Boom's Retired Registry Set & Boom's Retired Variety Set
    image
  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    Boom, these are proofs! If they are not DCAM, or CAM for the SMS don't even bother to submit them!!!
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • BoomBoom Posts: 10,165 ✭
    I can appreciate that Marty but the coins in the Mint sets are virtually perfect. The 1971 Mint sets for sure. I had to take a break from looking at all these coins and try to figure out what to do. image
    Boom's Retired Registry Set & Boom's Retired Variety Set
    image
  • ChuckCChuckC Posts: 1,600
    I noticed that a few sellers on EBAY break up mint and proof sets for two main reasons:

    1) quick turnover (people looking for one specific coin to fill a hole)

    2) to make money on the shipping image
  • BoomBoom Posts: 10,165 ✭
    Right, what I am saying is these are not someone's rejects. I need to take care of some business. I'll be back later. Lots to do.image
    Boom's Retired Registry Set & Boom's Retired Variety Set
    image
  • gyocomgdgyocomgd Posts: 2,582 ✭✭✭
    The only obvious play right off the bat is to separate the 1960 mint sets from the rest and sell each one separately. And time the auctions so they end on successive days, not one on top of the other. You might consider a reasonable "But it now" for expedience and to simplify all the book keeping you have with the charity.
    image
  • MORGANHUNTER2MORGANHUNTER2 Posts: 4,473 ✭
    sent ya a message boomr- I say sell em quick and put the proceeds to the charity- the coins in for grading may not make it in time for the charity auction.

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