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You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
This could apply to many coins and collectors. While there may be many variables, here is the one I will describe: The coin in question was sold at auction in 1993, when prices were not crazy, but really down from 1989. It brought $55,000. It was and remains the top pop for the date-MS68. And is the key for the series. 10… -
Re: You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
If I knew enough to pay 150K in 2003, I should know enough today to reasonably guess today's value. Regardless, I'd just consign it and let it fly, whatever the price. And BTW, if I didn't know enough in 2003, then it's too late to be doing the homework. Again, I'd just let the coin fly. -
Re: You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
Put yourself in the proverbial buyers shoes. For a buyer, when something like this happens............double what you expect to pay and then add some more. Like the big money venture capitalist who funded HP said, never sell unless there are two buyers. I was at a car auction a couple of years ago in Scottsdale. Up for… -
Re: You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
make them pay dearly -
Re: You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
Put it up for auction with a high reserve and invite offers to see what might happen. -
Re: You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
Throw it in an auction with a reserve - if it doesn't sell you will see what the current thoughts on the price should be. -
Re: You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
I would first look at the registry sets for that series to see how many (if any) people have sets which indicate the set owners would be hot after such a coin and have the wherewithal to bid strong. You can judge by the other coins in the top sets as well as the other sets owned by the same people to get a rough idea what… -
Re: You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
You have to build a buzz. Notify all the major coin magazines, get them to do an article on the coin. Have PCGS or some big house display it at FUN. Then put it up for auction. -
Re: You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
The trouble with setting too high a reserve on a coin going up for auction is: 1. The coin won't sell, and then it may be considered "tired" by the dealers and collectors who buy and sell six figure items. 2. The coin won't sell, and knowledgeable buyers might be wary of a seller who has a too inflated view of their coin.… -
Re: You bought a true rarity that has not traded for 15 years, paid dearly. Now you want to sell it
<< I'd just let the coin fly. >> <I hope we're not paying a lot for this advice.> Hey, you get what you pay for!
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