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Falling on hard times (Might be a bit OT).........

Well my topic seems to be "Par for the Course" for some members of the CU forum during these recent financialy troubling times. I am thankful that I have not lost my job however I need to selll most if not all of my collection due to some impending financial hardships that I am currently experiencing. Now a little bit about my dilema, I do not have a complete inventory of my collection however some of the highlights consist of 2 1 oz. 2006 Gold Buffalos PCGS PF-69 DCAM First Strike, 1882 and 1884 CC NGC MS-64 GSA Morgans, 1885 CC PCGS MS-63 Morgan, 1889 CC raw Morgan in VF-XF, many more PCGS graded Morgans that range from AU-55-MS65 (most are common date), complete 1967 Canadian Centiniel PCGS graded SP set which contain two top POP coins (this set includes the $20 Gold coin as well as the original SP mint box, approximately 250 raw Morgans that range in grade from damaged/cleaned/tooled up to MS-63+, 1928 raw Peace dollar-AU-50-55, 30+ NGC graded MS-67 FSB Mercury dimes, several PCGS graded CBHs, and the list just goes on and on with many more NGC and PCGS graded coins of various denominations and series. Here is my real problem, I would like to invite any that are interested to view this collection, of course at a pre-arranged scheduled time, and possibly provide a consignment service or a bulk purchase offer if possible. Now before I am flooded with PMs asking about individual coins, I do not have time to photograph these coins, I do not have time to negotiate single coin deals-thus the offer for having someone consign for my collection, and I only want those who are genuinely serious about assisting me apply to help. This is very painful for me as I have spent the past 8 years accumulating this collection and it is a very emotional time however I know that I must do this in order to get things back in order in my life. I am located in the Chicago area so any members that are interested in setting up a viewing please PM me. Thanks.

I will be out of town for the July 4th weekend so please be patient with me as I will respond to all PMs upon my return on July 6th.

Edited-I would strongly prefer to have those interested come and view this collection as it is way to extensive to ship without someone viewing it in person. If I had to inventory, pack, ship, and await an assesment then I might as well sell it off on ebay myself. Please do not misunderstand my message or the intnent thereof, I just simply do not have the time. My collection is worth over 10k in melt alone so packing and sending it is just simply out of the question. Thanks for your understanding.
Charter member of CA, Coinaholics Anonymous-6/7/2003
Kewpie Doll award-10/29/2007
Successful BST transactions with Coinboy and Wondercoin.

Comments

  • NHSBaseballNHSBaseball Posts: 2,470
    I am sorry to hear of your misfortune.
    "College men from LSU- went in dumb, come out dumb too..."
    -Randy Newmanimage
  • MadMartyMadMarty Posts: 16,697 ✭✭✭
    Pack them up, send them off to Russ. He does a great job doing consignments.
    It is not exactly cheating, I prefer to consider it creative problem solving!!!

  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    Sorry to hear of your troubles. The BST would be a great forum for this - and I know that there are some folks here in the Circle of Trust that could do well by you.

    Depending on how quickly you need the cash, you might want to look at consigning it all to a trusted eBay participant like Compucheap or Numisma.

    Best of luck.
  • OffMetalOffMetal Posts: 1,684


    << <i>Pack them up, send them off to Russ. He does a great job doing consignments. >>



    image

    -Ben
    -Ben T. * Collector of Errors! * Proud member of the CUFYNA
  • messydeskmessydesk Posts: 20,339 ✭✭✭✭✭


  • << <i>Pack them up, send them off to Russ. He does a great job doing consignments. >>





    I'll be the 3rd to say he IMO is the best guy for the Job.............
    Peace and Prosper.............


  • << <i>Pack them up, send them off to Russ. He does a great job doing consignments. >>



    Ditto. Russ does a fantastic job.
  • JSssonJSsson Posts: 891
    Sorry about your misfortunes, but try the BST board and people will help you out.
  • richardshipprichardshipp Posts: 5,647 ✭✭✭
    Nothing against the BST Forum but I would also say Russ is the way to go.
  • goose3goose3 Posts: 11,471 ✭✭✭
    Don't waste your time with offers on the B/S/T board. Send your stuff to Russ and be done with it.


    Circle of Trust...image
  • OPAOPA Posts: 17,143 ✭✭✭✭✭


    << <i>Don't waste your time with offers on the B/S/T board. Send your stuff to Russ and be done with it.


    Circle of Trust...image >>

    image

    Even with his fees, I believe you will be ahead with Russ...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • dizzyfoxxdizzyfoxx Posts: 9,823 ✭✭✭


    << <i>Pack them up, send them off to Russ. He does a great job doing consignments. >>



    image I have heard nothing but positive things regarding dealing with Russ.
    image...There's always time for coin collecting. image
  • Raybob15239Raybob15239 Posts: 1,359 ✭✭✭
    Be careful how you sell and to whom you sell. If its reported, you will have to declare it on your income tax. If you have documentation of when you bought it and the price paid, you can treat the proceeds as a capital gain. If you've held the item for 1 year, its a long term capital gain. If for less than 1 year, its a short term capital gain and is treated as ordinary income (taxed at a higher rate). Many dealers now will report purchases, especially of higher value items. If you sell to a private collector, there won't be any reporting.

    As for Russ, as I understand it, he's the go-to guy for consignments. I would ask first of any consignment shop how they report the income and if they 1099 the seller for the sales proceeds (so that they don't get dinged for the taxes).

    Good luck to you. I've been there myself and it hurts to sell off parts of your collection to pay the bills. I still miss my Roosie set, my Walker set, my Mercury Dime set, my partial Barber collection... they were just circulated sets (except the Roosies), but it still hurt to sell them. It sucks, but you'll get through this. Word of advice: only sell what you need to; don't liquidate everything at once. For one, you won't be able to replace it for what you sold it for and more importantly, once the money is spent, its gone... keep something in reserve in case times get tougher.
    Successful B/S/T transactions: As Seller: PascoWA (June 2008); MsMorrisine (April 2009); ECHOES (July 2009) As Buyer: bfjohnson (July 2008); robkool (Dec 2010); itsnotjustme (Dec 2010) TwoSides2aCoin (Dec 2018) PrivateCoin Jan 2019
  • WaterSportWaterSport Posts: 6,925 ✭✭✭✭✭
    First let me say, you are not alone....Despite some here saying the economic situation is just rosey, you are the SIXTH person I know who in the last month have shared with me they are selling due to financial reasons. I wish for you the opportunity to collect again in the future when things are better for you.

    WS
    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.

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