I am thinking about selling some of my duplicate slabbed coins. I have never sold on great collections and am thinking about it as I figure its better than ebay. I see options that they can review them and send them to CAC, is this worth it? How long does it take them to process it? If I opt not to do that once I send them and they receive them how long before they are posted and sold? Any tips?
Consigned about 40 Morgan dollar VAM's that had been certified for the grade and VAM with ANACS. Since my dollars were in ANACS plastic CAC wasn't a consideration. Approximately 70% of them sold. Consigning them was easy, I did in person at the mid-winter ANA in Atlanta. I filled out the sheets and dropped them off at their table. Eight weeks later I had a check in hand and non sellers. I spoke to a rep. twice, in my opinion everything went very smoothly. Find out before hand what your expense is if you go the CAC route. Do not hesitate to ask questions, the staff is VERY helpful.
CAC should add about 2-3 weeks depending on shipping time back and forth. As far as is it worth it or not, depends what coins you're thinking of selling. If they're 50 dollar coins no its not, if they're several hundred or more especially the more than yes it's probably worth a shot. They usually get consignments listed in 2-3 weeks sometimes shorter sometimes longer. Depends on how many consignments they have at the time and how big yours is. Once it's listed they'll start with a 2-3 week sales time (you can likely request the 2 week if you want to have it be as fast as possible) and a couple weeks after the sale you'll get a check.
I’ve worked with Ian & his wife on a few occasions. I agree with Tibor. They’re very helpful and efficient. A great way to move a handful (or more) of coins at a reasonable sale price and without a huge haircut.
