Reply to Thread

Message:: [QUOTE="Terence Cheesman, post: 8440218, member: 86498"]I have had some luck sending my coins to auction with some auction firms primarily CNG. The one issue that I have with this firm is that while on the whole you will do well in their auctions their auction will be not so good if the coins are of relatively low value. The reason is that their fees can be relatively steep compared to some other firms and anything they deem to be of low value will be consigned to a bulk lot. So if a coin dies or the bulk lot does poorly,  your return can be rather small. I would suggest that at the minimum the coin that you send in should have a value of at LEAST $100. Because.... if they put the coin out at $100 and it gets one (1) bid the result is that you get $60 minus the fees. This has happened to me more than once. Having said that I have done well with CNG. On at least three occasions I had to send a group of coins accompanied  by an insurance value. This evaluation essentially meant that if the coins were lost in transit I would get paid. On all three occasions despite some coins dying in spectacular fashion I always made a lot more than what I would have gotten if the coins had been taken. In at least one case doubleThat brings me to my final point. SOME coins will DIE! some will do well. If you are careful and realistic about the value of your coins you send off you should do well.[/QUOTE]