Who best to sell too?

ArizonaJack · August 23, 2010 12:59PM

So, I have a boatload of Lincolns.....graded ( accuratly) and sorted into 1.5" x 1.5 cardboard flips in triple row boxes....everything from 09 to 33.....many XFand AU better stuff.....Tubes of BU rolls, tubes of key and semi key partial rolls in G-VG.....a dealers inventory in otherwords....I am talking thousands of coins and thousands of dollars.
Best place to sell...

Littleton? BST? Forget Ebay..........

Who has had the best luck in selling a lot like this. And dont even mention Covina Coin......not going to happen

Thanks

blu62vette · August 23, 2010 1:01PM

DMPL's?

SeaEagleCoins · August 23, 2010 1:13PM

<< DMPL's? >>

I did hear a rumor once that he does have dimples... I won't say where they are supposed to be... or where I heard about it though...

SeaEagleCoins · August 23, 2010 1:19PM

please excuse my last post... went to the dentist after work today and I'm still feeling a bit silly, if ya know what I mean

anyway... I would think Rick would have an idea... I do not know the details but I have heard of some outfit in either Tx or your state that buys big lots of lincolns... sorry I can't be more helpful than that... not a copper guy

Broadstruck · August 23, 2010 1:47PM

I'd try the BST as these can be listed with just a description.

droopyd · August 23, 2010 3:24PM

BST should work best, I can't imagine that dealers will buy bulk lots like that for more than dimes on the dollar.

Steve27 · August 23, 2010 9:02PM

How quickly are you looking to sell, and are you looking to sell it all as one lot?

PerryHall · August 23, 2010 9:57PM

<< DMPL's? >>

DMPL's = Dark Matte Proof Lincoln's Am I getting close?

Baley · August 23, 2010 11:42PM

there was a thread about this type of material Link to thread

bottom line is, you can sell it fast in one piece for a deep (maybe very deep) discount from "what it's worth", or you can break it up and "part it out" for values closer to "what it's worth", at the tradeoff of a lot of time and work, not to mention possibly lots of cost in things like listing and final value fees and postage.

No one in their right mind will pay "what it's worth". A collector of circ Lincolns don't want it and can't afford it, and a dealer needs lots of room to eke out a profit.

Howd you get em?

BillJones · August 23, 2010 11:51PM

As a retired dealer I can tell you that it often takes years for a full time dealer with a store to sell this type of material. Key dates, like the 1909-S-VDB, 1914-D and the 1931-S can sell quickly if they are priced correctly. The common dates usually sell at a snail’s pace.

As such you can expect to get heavily discounted prices for the common below the listings in retail catalogs and even the Gray Sheet. Many of the prices on the Gray Sheet for circulated modern coins like this are too high IMO.

If you well everything all at once you will probably get less. If you sell it slowly over in smaller lots you might get more, and it will probably try your patience. This is one of the reasons why I have always avoided becoming a hoarder for anything except junk silver, which is not really numismatic.

kurtdog · August 23, 2010 11:54PM

<< ....a dealers inventory in otherwords....I am talking thousands of coins and thousands of dollars.
Best place to sell... >>

Dealers.

shorecoll · August 24, 2010 12:23AM

You might try Littleton if they're all no problem. I've heard two stories on them, one is that they send back anything with even a minor flaw, and two they'll send back at least half of what you send, even if it's perfect, just so they can brag about how picky they are. Send them a package and let us know. They definitely move a lot of volume of this kind of stuff. Let us know what you decide and some of us might follow your lead.

BillJones · August 24, 2010 2:47AM

A local dealer in my area, whom I respect, won't have anything to do with Littleton's buying practices. Not his words, but the gist of his opinion is that they are in the cherry-picking business and that places a damper on the supposed "high prices" they advertise that they will pay.

ambro51 · August 24, 2010 3:53AM

I would buy as many Wayte Raymond albums as you can find....and plug in as many coins as you can iinto them.

Then, as much as you dont like it.....put them on ebay with no reserve. You may be very surprised.

scottgardener · August 24, 2010 4:27AM

If Littleton does pay high prices for what they pick, then why not let them have first dibs? Yes, you'll still have to sell half of the lot, but the other half will have been bought at a high price.

DMPL is Deep Mirror ProofLike. We Morgan collectors know the term well, as it's generally exclusive to Morgan dollars.

EagleEye · August 24, 2010 5:15AM

Tucson Coin Show

Get a table and blow them out.

Then go to the Casino with me and Charmy.

droopyd · August 24, 2010 9:52AM

<< Tucson Coin Show

Get a table and blow them out.

Then go to the Casino with me and Charmy. >>

That sounds like the best plan! If you do this and price at say half of full retail (or below sheet) for everything but the keys (which you can probably sell for near retail), you'll get people flocking to your table.

Honestly, if I had several thousand bucks lying around I'd consider making you an offer.

DieClash · August 24, 2010 10:17AM

<< As a retired dealer I can tell you that it often takes years for a full time dealer with a store to sell this type of material. Key dates, like the 1909-S-VDB, 1914-D and the 1931-S can sell quickly if they are priced correctly. The common dates usually sell at a snail’s pace.

As such you can expect to get heavily discounted prices for the common below the listings in retail catalogs and even the Gray Sheet. Many of the prices on the Gray Sheet for circulated modern coins like this are too high IMO.

If you well everything all at once you will probably get less. If you sell it slowly over in smaller lots you might get more, and it will probably try your patience. This is one of the reasons why I have always avoided becoming a hoarder for anything except junk silver, which is not really numismatic. >>

I too have the same "hoard" of thousands of Wheat cents-problem when it comes to Lincolns. The BST in my experience is crap!. I had a roll of 1909 and 1909 VDB cents grading VG+ and couldn't sell, asking between CDN bid & ask pricing. I think I sold a single coin of each to one member.

Bill's advice seems sound to me and will take a lot of patience but may provide the highest return.

BillJones · August 24, 2010 10:43PM

<< If Littleton does pay high prices for what they pick, then why not let them have first dibs? Yes, you'll still have to sell half of the lot, but the other half will have been bought at a high price.

DMPL is Deep Mirror ProofLike. We Morgan collectors know the term well, as it's generally exclusive to Morgan dollars. >>

The with that plan is that you are on the hook for the postage to send it to them and on the hook to have it sent back to you. If they reject enough stuff, you could end up worse off than you were before you started this experiment.

Who best to sell too?

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