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Collectors should sell a few coins just to learn the process.
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<p>[QUOTE="Spark1951, post: 25259668, member: 90692"]As will we all… [USER=11540]@ldhair[/USER] …great info!</p><p><br /></p><p>Selling to an individual buyer versus prepping for an auction house are 2 different animals, and both have their pros and cons. For both the seller needs to know his coin and its’ value: grade and attributes. This takes time to accomplish properly. There’s a huge difference between a 1893-S Morgan and the run of the mill 1921 PDS Morgans, for instance. Auction houses will fall over themselves to get a piece of the action on the former and may outright reject any action on the latter. Know your coin.</p><p><br /></p><p>Whereas for an individual buyer, the seller must guarantee the coin is as advertised and is on the hook if the buyer has a disagreement upon receipt. If you are a dealer it is paramount otherwise reputations are at stake.</p><p><br /></p><p>Selling can be and is challenging, but it is a learned skill and done properly, legally and honestly there are no shortcuts.</p><p><br /></p><p>Thanks again to ldhair…imo…Spark[/QUOTE]</p><p><br /></p>
[QUOTE="Spark1951, post: 25259668, member: 90692"]As will we all… [USER=11540]@ldhair[/USER] …great info! Selling to an individual buyer versus prepping for an auction house are 2 different animals, and both have their pros and cons. For both the seller needs to know his coin and its’ value: grade and attributes. This takes time to accomplish properly. There’s a huge difference between a 1893-S Morgan and the run of the mill 1921 PDS Morgans, for instance. Auction houses will fall over themselves to get a piece of the action on the former and may outright reject any action on the latter. Know your coin. Whereas for an individual buyer, the seller must guarantee the coin is as advertised and is on the hook if the buyer has a disagreement upon receipt. If you are a dealer it is paramount otherwise reputations are at stake. Selling can be and is challenging, but it is a learned skill and done properly, legally and honestly there are no shortcuts. Thanks again to ldhair…imo…Spark[/QUOTE]
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