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<p>[QUOTE="dougsmit, post: 2918152, member: 19463"]I'm sorry but 300 coins is not a large collection and $67 per coin average is not high/mid value. You received good advice from several above but all were premised on 'coins over $300 each' or some other measure not met by the numbers given originally. The most important thing in selling anything is to make the method fit the market. There are dealers who would take $67 coins on consignment and charge a minimum of $50 per coin to sell them. You need one that charges a minimum of $5. There are dealers who will buy $20k outright but you can not expect them to pay as much as a consignment seller might bring. You do that when time is a factor. 50% of fair retail would be very generous for a large group of low value items you want sold right now. Then we have the problem of what is fair retail. A coin that sold on a CNG sale for $67 against a $100 estimate is not 'worth' $67 when you sell it. People pay dealers like CNG more because it includes professional services like authentication and attribution. When someone with zero feedback posts that same coin on eBay, it may not attract bids at half the price. </p><p><br /></p><p>If I wanted to sell 300 $67 coins today, I might consider offering them to a dealer who buys outright (several years ago, I sold some to Frank Robinson) or takes consignments of that level material (our own John Anthony comes to mind) but even offering them the coins will cost you postage mailing them to them or their offer. That is what makes taking such a lot to a large show attractive. You can show them to several dealers and take the best offer. Most will turn them down saying they already have too many coins like that (possibly true, possibly not). Everything I have said would be different if the average coin was $6700. No one will make you an offer sight unseen based on your estimate of retail value. Most of us think our coins are worth more than fact supports. </p><p><br /></p><p>You thought weddings were expensive??? Try divorce.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 2918152, member: 19463"]I'm sorry but 300 coins is not a large collection and $67 per coin average is not high/mid value. You received good advice from several above but all were premised on 'coins over $300 each' or some other measure not met by the numbers given originally. The most important thing in selling anything is to make the method fit the market. There are dealers who would take $67 coins on consignment and charge a minimum of $50 per coin to sell them. You need one that charges a minimum of $5. There are dealers who will buy $20k outright but you can not expect them to pay as much as a consignment seller might bring. You do that when time is a factor. 50% of fair retail would be very generous for a large group of low value items you want sold right now. Then we have the problem of what is fair retail. A coin that sold on a CNG sale for $67 against a $100 estimate is not 'worth' $67 when you sell it. People pay dealers like CNG more because it includes professional services like authentication and attribution. When someone with zero feedback posts that same coin on eBay, it may not attract bids at half the price. If I wanted to sell 300 $67 coins today, I might consider offering them to a dealer who buys outright (several years ago, I sold some to Frank Robinson) or takes consignments of that level material (our own John Anthony comes to mind) but even offering them the coins will cost you postage mailing them to them or their offer. That is what makes taking such a lot to a large show attractive. You can show them to several dealers and take the best offer. Most will turn them down saying they already have too many coins like that (possibly true, possibly not). Everything I have said would be different if the average coin was $6700. No one will make you an offer sight unseen based on your estimate of retail value. Most of us think our coins are worth more than fact supports. You thought weddings were expensive??? Try divorce.[/QUOTE]
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