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<p>[QUOTE="MSG 78, post: 4517539, member: 112660"][/QUOTE][/QUOTE]</p><p>There are several things mentioned here. Coins do slip through the cracks in every auction. Obviously we hate to see a coin go too cheap as well. You may have noticed we are doing many more group lots at the end of recent sales. The reason for this addresses a second comment you made with respect to seller fees. It costs us about $25 to process a single coin for auction. (Figure into this: incoming consignor paperwork; ticketing the coin and assigning it to an auction; cataloging it; photographing it; placing it on the web; invoicing it; packaging it; shipping it; collecting the money; and then paying the consignor) We therefore have a minimum charge for single lots which goes away as the hammer price increases. Thus if the buyers fee exceeds the minimum, there is no minimum applied. So selling multiple low value coins in a single lot decreases the "hit" to the consignor. Fortunately, most of our consignors get this and everyone is happy. And frankly, sometimes lower value coins aren't best served by being in a CNG auction. But here addresses your comment about coins going cheaply. If a consignor wants their coins to all be listed individually, regardless of the recovery rate against their cost, we will do that. Generally speaking, those are the coins that tend to sell for low prices. We all know it going in and there isn't a problem.</p><p><br /></p><p>As for your collection of animals on coins, it's a great collection type. Usually these are best sold in auction all at once. Not as a single lot but as a collection with a specific theme. People get why you bought a coin when they understand the theme. They probably won't see it if coins are sold one at a time. Instructions for what to do with your collection are also extremely important for your heirs. Just telling them who to use to advise on selling the collection can be of immense value. That usually is a trusted friend or dealer. It's a great way to hedge against a loss of your hard spent collecting dollars in the future. I wish everyone would do it.[/QUOTE]</p><p><br /></p>
[QUOTE="MSG 78, post: 4517539, member: 112660"][/QUOTE][/QUOTE] There are several things mentioned here. Coins do slip through the cracks in every auction. Obviously we hate to see a coin go too cheap as well. You may have noticed we are doing many more group lots at the end of recent sales. The reason for this addresses a second comment you made with respect to seller fees. It costs us about $25 to process a single coin for auction. (Figure into this: incoming consignor paperwork; ticketing the coin and assigning it to an auction; cataloging it; photographing it; placing it on the web; invoicing it; packaging it; shipping it; collecting the money; and then paying the consignor) We therefore have a minimum charge for single lots which goes away as the hammer price increases. Thus if the buyers fee exceeds the minimum, there is no minimum applied. So selling multiple low value coins in a single lot decreases the "hit" to the consignor. Fortunately, most of our consignors get this and everyone is happy. And frankly, sometimes lower value coins aren't best served by being in a CNG auction. But here addresses your comment about coins going cheaply. If a consignor wants their coins to all be listed individually, regardless of the recovery rate against their cost, we will do that. Generally speaking, those are the coins that tend to sell for low prices. We all know it going in and there isn't a problem. As for your collection of animals on coins, it's a great collection type. Usually these are best sold in auction all at once. Not as a single lot but as a collection with a specific theme. People get why you bought a coin when they understand the theme. They probably won't see it if coins are sold one at a time. Instructions for what to do with your collection are also extremely important for your heirs. Just telling them who to use to advise on selling the collection can be of immense value. That usually is a trusted friend or dealer. It's a great way to hedge against a loss of your hard spent collecting dollars in the future. I wish everyone would do it.[/QUOTE]
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