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<p>[QUOTE="Jay GT4, post: 2917573, member: 88526"]Hi everyone, as the title says what is the best way to liquidate a collection? I'm talking about a large collection of 300+ that has high/mid to high value coins. Anyone have experience doing this? What was your experience like?</p><p><br /></p><p>The way I see it you could:</p><p><br /></p><p>Sell your collection off quickly piece by piece on ebay starting at $0.99. This may get you more money long term (if you attract bidders) but it's time intensive and not for the weak of stomach. You have dead beat bidders and the hassle of shipping coins out and the danger of them getting lost in the post. You're also committed to sell regardless of final bid. Ebay and PayPal fees...</p><p><br /></p><p>Sell your collection on ebay with "Buy it Now" or Best Offer. This would take longer to liquidate and higher or lower grade coins may not sell at all. You'd have to deal with all the lowballers and shipping as above</p><p><br /></p><p>Sell individual coins to your local dealer. If you have a good relationship with your local dealer you could sell parts of your collection back over time. In most cases you'd probably get around 50-75% of the coins value depending on the coin. It could be even less for low grade coins if they want them at all.</p><p><br /></p><p>Sell the entire collection to a dealer in one shot. This may be the easiest but most difficult to do. Not many dealers have the capital to drop $20K+ to acquire a collection. They probably have a formula to work out an average price per coin rather than go through each one individually. You'd win some but you'd probably loose out more.</p><p><br /></p><p>Consign coins to an auction house. Large auction houses have huge customer lists and good coins will command good prices. There is the risk of shipping coins oversees or across boarders but once there they handle everything. Fees may kill any potential profit and some may not sell at all. Reserve or no reserve? You loose control of how it is sold, some coins may go into group lots and important coins may be overlooked in the write up.</p><p><br /></p><p>If you have time you could consign through a dealer with your minimum price. Dealer would pay you once coin is sold and he'd deduct his commission. This may be the best option but it would take a very long time to liquidate everything and they may not be interested in consigning lower value coins.</p><p><br /></p><p><br /></p><p>Did I miss anything? What has been your experience. I'm toying with the idea of starting over.[/QUOTE]</p><p><br /></p>
[QUOTE="Jay GT4, post: 2917573, member: 88526"]Hi everyone, as the title says what is the best way to liquidate a collection? I'm talking about a large collection of 300+ that has high/mid to high value coins. Anyone have experience doing this? What was your experience like? The way I see it you could: Sell your collection off quickly piece by piece on ebay starting at $0.99. This may get you more money long term (if you attract bidders) but it's time intensive and not for the weak of stomach. You have dead beat bidders and the hassle of shipping coins out and the danger of them getting lost in the post. You're also committed to sell regardless of final bid. Ebay and PayPal fees... Sell your collection on ebay with "Buy it Now" or Best Offer. This would take longer to liquidate and higher or lower grade coins may not sell at all. You'd have to deal with all the lowballers and shipping as above Sell individual coins to your local dealer. If you have a good relationship with your local dealer you could sell parts of your collection back over time. In most cases you'd probably get around 50-75% of the coins value depending on the coin. It could be even less for low grade coins if they want them at all. Sell the entire collection to a dealer in one shot. This may be the easiest but most difficult to do. Not many dealers have the capital to drop $20K+ to acquire a collection. They probably have a formula to work out an average price per coin rather than go through each one individually. You'd win some but you'd probably loose out more. Consign coins to an auction house. Large auction houses have huge customer lists and good coins will command good prices. There is the risk of shipping coins oversees or across boarders but once there they handle everything. Fees may kill any potential profit and some may not sell at all. Reserve or no reserve? You loose control of how it is sold, some coins may go into group lots and important coins may be overlooked in the write up. If you have time you could consign through a dealer with your minimum price. Dealer would pay you once coin is sold and he'd deduct his commission. This may be the best option but it would take a very long time to liquidate everything and they may not be interested in consigning lower value coins. Did I miss anything? What has been your experience. I'm toying with the idea of starting over.[/QUOTE]
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