I think its time to sell

Discussion in 'Coin Chat' started by ppratt3, Dec 7, 2009.

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  1. GDJMSP

    GDJMSP Numismatist Moderator


    Ahhh, so you are still selling it. If you had to, I am sorry that you had to. But to my point - how long have you been selling it ? What is the time frame involved ?
     
    GDJMSP, Dec 9, 2009
    #21 + Quote Reply
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  3. kanga

    kanga 65 Year Collector

    I have never sold a big collection, but I have the plan in place it I ever choose to.
    Everything, and I mean EVERYTHING, goes to MFD.
    "Everything" includes books and other collection-connected but non-coin items.
    He knows the quality of about 75% of what I have since I bought that much from him.
    What he doesn't directly want he'll consign to other appropriate dealers.

    This would be a "high trust-level" deal.
    I would have no worries about handling my collection this way.
     
    kanga, Dec 9, 2009
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  4. Victor

    Victor Coin Collector

    And we all know who MFD is now don't we?
     
    Victor, Dec 9, 2009
    #23 + Quote Reply
  5. Hudson James

    Hudson James Junior Member

    My edited Dog?
     
    Hudson James, Dec 9, 2009
    #24 + Quote Reply
  6. Vess1

    Vess1 CT SP VIP Supporter


    :goof: Now lets think about this. I may not have tried selling an entire collection of anything but I've seen evidence of how hard it can be, if not impossible right now. Sure, you can find a lot of people to buy up an entire lot of anything. Just a matter of how much of a beating you're willing to take.

    If you're going to have a hard time finding people to buy coins individually, shouldn't it be logical that it's going to be harder to find somebody who wants to buy it all!?

    It's exactly the same in the reef aquarium hobby when people want to get out. People want to be lazy and sell everything together to one person. You can have $10k in a tank and offer the whole thing up for $3k.... practically a give away. But STILL, it won't sell because so few people have 3k to drop and/or want it all. Inevitably, every time somebody tries to sell a complete set up in any range, they end up breaking it up...and then everything sells fast. And the seller makes MORE money!

    The best option is take the middle ground on this. If you have quarters, try selling them in a set. Common dimes? Sell them by the individual roll. Gold, sell as type sets. Anything higher dollar should be sold individually. Lower dollar stuff could be sold in lots. This could be done relatively quickly with a much better return.

    You'll lose a fortune for the convenience of dumping it all at once. Guaranteed. But, if your time is that valuable, go for it.
     
    Vess1, Dec 9, 2009
    #25 + Quote Reply
  7. GDJMSP

    GDJMSP Numismatist Moderator

    I understand what you are saying Vess, but with coins, there is always somebody willing to take it all. And take it all at a fair price - a coin dealer.

    The only argument or disagreement is - what constitutes a fair price. In all honesty, most collectors don't know what a fair price is for their collection. They assume, and usually incorrectly so, that what they paid for it, or close to it, is a fair price. Seldom is this the case.

    For by the time you weed out the problem coins, and most collections contain more than a few problem coins, what they the owner thinks to be the value is often cut in half.

    And it's not really a matter if it's worth their time or not to try and sell the collection 1 coin at a time. For most of the time, when a collection is sold by the person who assembled that collection, it is done because they HAVE to sell it because they need the money and they need it now. And they simply do not have the time to spend trying to sell it 1 coin at a time.

    And in reality, even selling the sets as you suggest seldom produces more than if you sold the entire collection to a dealer.

    Granted, it cannot just be any old dealer. But there are those out there who do offer fair prices. You just have to look until you find one.
     
    GDJMSP, Dec 9, 2009
    #26 + Quote Reply
  8. Dime_a_dozen

    Dime_a_dozen Junior Member

    25yrs!!! I would not have wanted to sell as every piece has a story to itself.

    Anyways dude. Good Luck...
     
    Dime_a_dozen, Dec 10, 2009
    #27 + Quote Reply
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