How hard would it be...

Discussion in 'Coin Chat' started by Pilkenton, Dec 11, 2014.

  1. Pilkenton

    Pilkenton almost uncirculated

    ...to sell a coin worth a half a million dollars and get what it's worth?
     
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  3. Dougmeister

    Dougmeister Well-Known Member

    I think it depends on who says it is worth that much.
     
    19Lyds likes this.
  4. Kirkuleez

    Kirkuleez 80 proof

    Just about impossible.
     
  5. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    From the average person on this forum (me included)? Not a chance!

    Chris
     
    Mainebill and Seattlite86 like this.
  6. H8_modern

    H8_modern Attracted to small round-ish art

    Probably easier than getting full value out of a coin worth $5,000.
     
  7. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Depends on who's selling, and who's buying.
     
  8. Kirkuleez

    Kirkuleez 80 proof

    Not even for the highest end dealers unless there's a bidding war breaking out. If you sell a coin, expect to get about 75% of its value thanks to auction fees and such.
     
    Dougmeister likes this.
  9. okbustchaser

    okbustchaser I may be old but I still appreciate a pretty bust Supporter

    Actually, if you have a half million dollar COLLECTION, let alone single coin, you can expect any of the major coin auction houses to not only waive your seller's fee, but to actually pay you over the final hammer amount--somewhere usually in the 105 to 110 percent range. It's all negotiable.
     
  10. sshafer11

    sshafer11 Head Research Assistant - Coin Show Radio

    I don't know if this is the right answer but if it was my coin I would probably consign it to Heritage or Stacks Bowers.
     
  11. beef1020

    beef1020 Junior Member

    Who says the coin is worth $500,000? I tend to think coins of that rarity do not really have a 'book' value. With that said, I have seen major auctions where most of the coins go for around what was estimated prior to the auction, with some going for more. The Missouri cabinet of half cents was like this.

    Maybe more to the point, coins of this caliber sell better when they are being sold with other coins of the same caliber. If you have a $10 million collection, you are much more likely to get a good price on each coin then you are if the only coin you have is 1 $500,000 coin.
     
  12. 712

    712 Constatutionalist, U.S.N. Viet Nam vet 66'

    put it on eBay, start it at .99 with free shipping
     
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