I was thinking about consigning a few of my duplicate coins with Teletrade, and have a few questions for those of you who have dealt with them in the past. I know that they have a minimum consignment value of $1000, but how is this calculated? Is it done by the Greysheet or recent prices realized on their site? Also, what would happen if the total of the prices realized did not equal the $1000? Thanks in advance for any and all help! Tom
I'm also thinking about auctioning off some through a large auction company but don't know for sure if I will or not----I think one of them will give you a guarantee on how much your coins will bring... Speedy
Teletrade will only sell coins slabbed by NGC, PCGS, ANACS & ICG. So determining value isn't hard, yes the GreySheet will do. If your coins are already slabbed fine, if they are not then Teletrade will submit them to the company you choose and you pay the fees. I have never sold through them but I have bought coins in their auctions many times. They are a reputable company and you should have no problems.
Thanks for the info GDJMSP. The coins are all high grade moderns in ANACS plastic. I just wanted to make sure that there isn't any hard and fast rule for determining the coins' values.
It's $1000 or 8 coins - or at least it used to be. Just list whatever value you think is fair on the invoice and that is what they will use. They will not send you back your coins if they think you only sent them $500 worth. FYI, they are slow payers unless you are a continuous seller. Expect them not to mail you a check for 45 after the close of the auction.
