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<p>[QUOTE="johnmilton, post: 8350099, member: 101855"]Even for a well experienced collector, an accumulation like this can be overwhelming. Some people might think that dealers make low ball offers compared to when the coins ultimately bring, but there is more involved here.</p><p><br /></p><p>After you have looked at the collection and purchased the coins, a dealer has to catalog them and prepare them for sale. Which coins should be sold raw? Which ones should be certified? Which coins should be sold as bullion or in balk?</p><p><br /></p><p>After all of those issues, you place the coins out for sale. It can take more than year to sell all of them. I once bought a group of Indian cents. There were a lot of better dates from the 1870s like 1870, 1871 and 1872. There was an 1877, but it had been cleaned, and would have been sent back to me in a body bag if sent to PCGS or NGC at the time I had it. I sent it to the old ANACS because I knew that they would certify it as genuine.</p><p><br /></p><p>When I put out the coins to sell, the better dates sold pretty well, often to dealers. There were not any Mint State coins in the group, but there were a lot of nice VF and EF grade coins. The common dates took a good deal longer. Many of them were nice coins in VF and EF, but the interest was limited. Overall it took me about a year to get Grey Sheet or better prices for them.</p><p><br /></p><p>“Low ball” offers on raw coins are not always “low ball.” There is more involved than you might think.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 8350099, member: 101855"]Even for a well experienced collector, an accumulation like this can be overwhelming. Some people might think that dealers make low ball offers compared to when the coins ultimately bring, but there is more involved here. After you have looked at the collection and purchased the coins, a dealer has to catalog them and prepare them for sale. Which coins should be sold raw? Which ones should be certified? Which coins should be sold as bullion or in balk? After all of those issues, you place the coins out for sale. It can take more than year to sell all of them. I once bought a group of Indian cents. There were a lot of better dates from the 1870s like 1870, 1871 and 1872. There was an 1877, but it had been cleaned, and would have been sent back to me in a body bag if sent to PCGS or NGC at the time I had it. I sent it to the old ANACS because I knew that they would certify it as genuine. When I put out the coins to sell, the better dates sold pretty well, often to dealers. There were not any Mint State coins in the group, but there were a lot of nice VF and EF grade coins. The common dates took a good deal longer. Many of them were nice coins in VF and EF, but the interest was limited. Overall it took me about a year to get Grey Sheet or better prices for them. “Low ball” offers on raw coins are not always “low ball.” There is more involved than you might think.[/QUOTE]
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