Auction Houses/Sites for higher value coins.....and your Favorite is.....?

Discussion in 'Coin Chat' started by VirginiaMan, Jun 30, 2017.

  1. VirginiaMan

    VirginiaMan Member

    Greetings fellow-"Coin-Talkers" - Simple question: I am looking for any and all auction houses and/or auction sites for higher valued coins ($3,000-$7,500). Any and all suggestions would be appreciated. I know of: Legend; Bower's; Heritage; David Lawrence; Goldberg and Coin Rarities. Any others? Thanks...............
     
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  3. baseball21

    baseball21 Well-Known Member

    eBay as well, most coins in that value range will be from full time dealers. Collectors Corner has a good list of available inventory that's around though it is up to each dealer to keep it current
     
  4. VirginiaMan

    VirginiaMan Member

    Thank you, baseball21 - I appreciate the information.
     
  5. Kirkuleez

    Kirkuleez 80 proof

    I was always more of a fan of David Lawrence than most of the others, but I've had a pretty good experience overall with the larger auction houses. Just pay attention to the amount of juice tacked on top of your bids, some of them are really getting out of hand.
     
  6. jester3681

    jester3681 Exonumia Enthusiast

    17.5% seems to be about the norm now. I will say, the bigger auction houses tend to make this easy to work with since they show the fees as you're bidding online. You know a bit better what you're dealing with as you go.
     
  7. baseball21

    baseball21 Well-Known Member

    I still find it crazy they get the business they do when they're taking over 30 percent of the total price from a lot of consignors
     
  8. jester3681

    jester3681 Exonumia Enthusiast

    I agree. A lot of the big houses trade on their names and reputation. They are able to bring in heavy hitters for important coins, so that fee seems worth it. Would I sell an MS64 VDB Lincoln at Heritage? Not likely. But an exceptional rarity? Probably - they know who collects them, who has money to pay for them, and how to get them interested.
     
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  9. baseball21

    baseball21 Well-Known Member

    Agreed. I understand for the huge money coins and they almost certainly get a fee break anyway. Unless they are buying a lot of the lower and low-mid value coins themselves to auction a lot of people would likely net more from other venues. At a 30 percent hit you could really just sell a lot of things right to dealers for cash and get about the same. We probably aren't that far off from seeing a 20%-20% fee at some of the houses.
     
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