Advice sought on selling some problem Bust material
rhedden
Posts: 6,636 ✭✭✭✭✭
Some time in the near future, I am going to be selling some more expensive Bust coins- both copper and silver- that have problems and won't slab at PCGS. Now these are not junk coins- they are desirable, big-ticket type coins that have a few scratches, a pock mark, a ding, a light cleaning, etc. that will stop them from slabbing. As of now, most are uncertified and a few are older ANACS. Which of the following strategies would you suggest, to maximize returns and minimize headaches, given the nature of the material I am selling?
1) Try the DLRC guaranteed auction program, and let them send the coins to NCS or ANACS or DGS. I know the customer service and turnaround time will be outstanding with DLRC, but I don't have any personal experience to indicate how well the coins will do money-wise.
2) Send them to Heritage, and do the same as above. How will returns and customer service compare to DLRC? Anyone done both?
3) Try selling these on BST or Ebay. If I go this way, I'll get the most money assuming they sell, but the problem here is the complications involved with trying to sell expensive coins to perfect strangers via the internet. Ebay works a lot better for $100 items.
4) Consign them to a dealer. The last two times I tried this at B&M shops, my coins were stolen (!), so I'm not considering this as an option!
I am looking for advice from collectors who have actually tried one or more of the above. Also note that what works with certified Morgans may not be such a good option with early type coins! Please refrain from bashing anyone in a way that will make this thread go *poof*, unless you want to bash via PM, which is OK by me. Thanks for your input!
1) Try the DLRC guaranteed auction program, and let them send the coins to NCS or ANACS or DGS. I know the customer service and turnaround time will be outstanding with DLRC, but I don't have any personal experience to indicate how well the coins will do money-wise.
2) Send them to Heritage, and do the same as above. How will returns and customer service compare to DLRC? Anyone done both?
3) Try selling these on BST or Ebay. If I go this way, I'll get the most money assuming they sell, but the problem here is the complications involved with trying to sell expensive coins to perfect strangers via the internet. Ebay works a lot better for $100 items.
4) Consign them to a dealer. The last two times I tried this at B&M shops, my coins were stolen (!), so I'm not considering this as an option!
I am looking for advice from collectors who have actually tried one or more of the above. Also note that what works with certified Morgans may not be such a good option with early type coins! Please refrain from bashing anyone in a way that will make this thread go *poof*, unless you want to bash via PM, which is OK by me. Thanks for your input!
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Comments
with excellent descriptions (good and bad traits) including how it looks in hand. Add a 7 day return and list
them on the bay.
bob
PS: good luck!
No. For example, a 1796 $10 gold piece with a scratch would still be a big-ticket item, and I wouldn't put one of those on ebay, raw or certified, unless it was my last resort. People just don't want to buy coins like that without seeing them in person. Other people simply won't bid on coins above a certain dollar amount on ebay, and perhaps wisely so. The net result is that the seller loses a lot of potential bidders and the final sale price takes a hit.
<< <i>first get a details grade and then list them on the BST. >>
Bingo, unless you need the money instantly, this would cut out the buyers/sellers fees and would ensure that the coins are seated with collectors who truly enjoy and appreciate the coins. Whatever doesn't sell I'd send to Heritage imo.
If you just want x amount per coin then I would try the bst first for a week or so and then move whatever does not sell to eBay or a auction company depending how long you are willing to wait.
eBay is ok if you already have good feedback but if you have a large number of coins it can be a hassle.
You can also use some of the eBay people that will auction coins for you if you do not have the feedback or photo skills to get good results.
for example, if you had a heraldic eagle draped bust half dime with medium details and minor damage, it could go to a certain type set..
and you would receive honor and karma from all and thus achieve everlasting significance
Liberty: Parent of Science & Industry
(darn, I haven't been around long enough!)
Go to Early United States Coins - to order the New "Early United States Half Dollar Vol. 1 / 1794-1807" book or the 1st new Bust Quarter book!
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>You could place the coins in good homes by offering them by PM to longtime forum members who have admired and inquired about them over the years.. >>
Dang, I like Baleys idea too
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