notacoinguy

Hello all. This is my first posting on this board, although i have spent hours reading archived info.
I have been asked by a relative to liquidate for him a collection of coins,most of which are morgan dollars.He invested in these14 years ago and is not a knowlegable collector nor does he have any relationship with a dealer. I am not educated in this field at all- i am not a collector-but ive done a cram course over the last few weeks on this stuff.there are about 40 coins.all were pcgs graded about 13 year ago.many are dmpl and some are pl.80% are ms65, a few 64 and a few 66.I understand (preliminarily and in rough numbers) the price a few dealers would pay based on holder value is like 50K.also a few saint gaudens and others for aroun 10K more.NOW- heres my question-do i use method #1 OR method #2 to liquidate these (in one lot) method #1-consign to a big auction co. in dallas- they would put it in the FUN auction.this is what THEY recommend-they say it should bring more than selling outright, my impression is like -oh say like -10-20% more (my net)
or method #2-contact about 5 PNG established and well known dealers in the area ,faxing them the list,then have them all VIEW the coins and give a bid to buy outright.
so thts my question to you guys.method 1 OR 2?? a few more notes--most guys ive talked to say or strongly imply that seeing as how they were slabbed 13 yr ago, it is HIGHLY possible some may merit regrading.the dallas company sez if so, they would break them out and send for grading BEFORE the auction so that they would be in the hopefully upgraded holders, rather than bidders using their own judgement.one more thing--if i go the 5 dealer route-how much money will i be leaving on the table if--a number of them concur that a few should be broken out BUT I DONT do it before i sell them to them but rather let them take the break out gamble.??
Thank you folks much in advance-and if i need to give more info let me know. notacoinguy