A family emergency has come up and I made the decision that I would have to sell the bulk of my collection to help my son with a medical emergency in his family. Since I had to liquidate it fast I knew I would not get what i thought it was worth. I had it figured conservatively at about $3400 dollars.
I put it on the classifieds here and sent an inventory list to a couple of online dealers i knew and also took one to the new local dealer we had. The offers i was getting were in the $1800 - $1900 range. I got a call from the local guy that he would give me an estimate of $2200 but would have to see the collection before he gave me his final offer.
I took the collection to his store and him, his sons, and I had to go through each mint set and proof set to make sure all the coins are there and he questions me on why I left out the 82 and 83 mint sets. I showed him that they were not listed on the inventory and that none were made. We went through the same thing with the 65,66, & 67 proof sets.
This guys knows very little about coins and I had to listen to two hours of him explain to his sons and I how you can't trust anyone and that you have to be sharp in the coin game. He told me about a hundred times what my coins weren't worth and that I was lucky he was making me the offer that he was. He kept telling his boys how careful you had to be not to get screwed.
When we were all finished he asked me if I had anything else to throw in and I had found a roll of silver dimes that I had stashed and said I would sell it. He said he was paying 16.5 times face and did some calculations on his adding machine to calculate this and add it to the total. I did the math in my head and new it should add another 82.60 to the offer. He told me that the added roll of dimes upped the offer by 826.00 and the total was now 3026.00.
He asked me to sign a receipt that I was accepting his offer of 3026.00 for my collection and i asked for a copy of the same got my cash and left. I made sure and asked him several times if he understood that he was paying 3026.00 for what was setting in front of him and he said yes. His 2 sons were scratching there heads trying to figure out dads math but were so sick of having it drilled in there heads that he knew everything and they knew nothing that they just walked away and went back to their video games.
I had a five second battle with myself on good and evil, sent my son the $2500 for his boys medical bills and bought my wife a nice christmas present. I kept a small stash of coins that I will use as my foundation to rebuild my collection. Happy Holidays to everyone at CT.