best way to liquidate morgan collection??? - Page 2

collect4fun · 10-08-2004, 05:09 PM

Quote:

Originally Posted by National dealer

When a customer walks into the office or up to the table at a show with a large grouping of coins, the first thing that comes to mind is consistency. The first thing when seeing old holders is "Will this coin upgrade"? Now if you sprinkle in new holders, I have to ask myself why didn't this person re-submit the old holders? This tells you that the coin is either weak or solid for the grade. Keep them in the old holders and let someone else take the shots.

Call me ignorant, because I am, but why is consistency of the holder an issue? I have coins that are in holders by both PCGS and NGC does that mean that if I want to sell them as a group I should get them all regraded by the same comapny so they are all in the same type of holder? Don't coins in a "new" holder get resubmitted in hopes of a higher grade, just because it is in an old holder makes it "bad"?

National dealer · 10-08-2004, 05:21 PM

Sorry, I think that you are missing my point. Since I have had access to more information about this collection, it just makes sense to me. There are multiple coins of the same date, mintmark and grade. With numerous coins obviously being brought together at one time the consistency needs to be there. If there were multiple grading services involved it would be different. I buy large groups on a regular basis, and they come is all shapes and sizes. My thoughts shared here are just based on my experiences. You develop a feel for things when you do it all the time. For this particular case, the coins should not be resubmitted by the owner. It would be a chance that really isn't going to make that much of a difference. The standards while having changed are not going to be in favor of growing higher on most of the coins in this particular collection. I hope that makes more sense.

collect4fun · 10-08-2004, 05:37 PM

Ok, I think I understand now. What you are saying is, since they are in older holders let the new buyer take the risk in having them regraded?

Getting back to the original question of the best way to liqudate the coins. An auction house is going to take 20 - 25% in commission and you don't know what the final sell price will be and a dealer will give greysheet prices, approximently, which is the better way to go?

National dealer · 10-08-2004, 05:46 PM

Auction houses charge the seller 5% and the buyer 15%. While there is always a risk in sending coins to auction, some factors can be limited. I routinely submit coins to Bowers and Merena and have never been disappointed yet. Now not all coins fair well at Bowers and Merena, so this suggestion is based on first hand knowledge of the material in question.

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