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Help! How to sell inherited coin collection for maximum value????
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<p>[QUOTE="Tom B, post: 1665957, member: 11854"]Howdy and welcome.</p><p><br /></p><p>Truly, the amount of money you get out of this collection will be strongly correlated with the amount of work you are willing to put into the sale of the collection. The sale of the collection consists of not just handing over the coins and accepting payment, but also in grading, understanding what you have, presentation, images, shipping, contractural agreements, appraisals, storage, acquisition of knowledge and time. Most folks who inherit a collection and want to sell the collection want the most money, but they aren't necessarily interested in making the proper investment of resources in order to maximize the sale. A great analogy for this is in building a new home. The majority of new home owners would love every last detail in luxury in their home, but they pay someone else to build the home and to provide those details and luxuries. Certainly, if one were to invest the time, energy and resources into building their own home they would end up with a larger home and have greater amentities, but the fact is that few folks are willing to do that. Instead, they pay someone else to build their home with the understanding that the other person will charge some sort of fee for the service. Similarly, you can pay a professional a fee to simplify your life with the sale of these coins.</p><p><br /></p><p>The major auction houses (Stack's-Bowers, Heritage, Goldbergs) do not deal in the type of material that you have listed unless there is a hidden, rare gem in there that you have forgotten to list. Teletrade may handle some of it, but quite a bit of what you have will be rejected. Ebay is certainly an option, but you will net less in larger lot sales while you will have to work quite a bit more if you sell it essentially coin by coin. My short answer would be that if you want the maximum dollars for this collection that you be willing to expend the maximum effort. The longer answer would recognize that you likely do not want to do this, therefore-</p><p><br /></p><p>1) Pay $200 or so for a written appraisal of value from an established dealer.</p><p><br /></p><p>2) Bring the collection to multiple dealers or shops and ask them to make an offer. Of course, realize that if everything is poorly organized that you will receive a lower offer.</p><p><br /></p><p>3) Guesstimate how much you can get for the coins using completed sales on ebay.</p><p><br /></p><p>4) Guesstimate how much time, angst, insurance liability, effort, frustration and boredom you will encounter selling everything on ebay.</p><p><br /></p><p>5) Determine what the difference is between what you can sell everything for on ebay vs. the best good faith offer from a dealer.</p><p><br /></p><p>6) Determine if your time, angst, insurance liability, effort, frustration and boredom is worth at least the difference in value from a possible ebay sale vs. a sale to a dealer.</p><p><br /></p><p>7) Do not clean anything.</p><p><br /></p><p>8) Good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 1665957, member: 11854"]Howdy and welcome. Truly, the amount of money you get out of this collection will be strongly correlated with the amount of work you are willing to put into the sale of the collection. The sale of the collection consists of not just handing over the coins and accepting payment, but also in grading, understanding what you have, presentation, images, shipping, contractural agreements, appraisals, storage, acquisition of knowledge and time. Most folks who inherit a collection and want to sell the collection want the most money, but they aren't necessarily interested in making the proper investment of resources in order to maximize the sale. A great analogy for this is in building a new home. The majority of new home owners would love every last detail in luxury in their home, but they pay someone else to build the home and to provide those details and luxuries. Certainly, if one were to invest the time, energy and resources into building their own home they would end up with a larger home and have greater amentities, but the fact is that few folks are willing to do that. Instead, they pay someone else to build their home with the understanding that the other person will charge some sort of fee for the service. Similarly, you can pay a professional a fee to simplify your life with the sale of these coins. The major auction houses (Stack's-Bowers, Heritage, Goldbergs) do not deal in the type of material that you have listed unless there is a hidden, rare gem in there that you have forgotten to list. Teletrade may handle some of it, but quite a bit of what you have will be rejected. Ebay is certainly an option, but you will net less in larger lot sales while you will have to work quite a bit more if you sell it essentially coin by coin. My short answer would be that if you want the maximum dollars for this collection that you be willing to expend the maximum effort. The longer answer would recognize that you likely do not want to do this, therefore- 1) Pay $200 or so for a written appraisal of value from an established dealer. 2) Bring the collection to multiple dealers or shops and ask them to make an offer. Of course, realize that if everything is poorly organized that you will receive a lower offer. 3) Guesstimate how much you can get for the coins using completed sales on ebay. 4) Guesstimate how much time, angst, insurance liability, effort, frustration and boredom you will encounter selling everything on ebay. 5) Determine what the difference is between what you can sell everything for on ebay vs. the best good faith offer from a dealer. 6) Determine if your time, angst, insurance liability, effort, frustration and boredom is worth at least the difference in value from a possible ebay sale vs. a sale to a dealer. 7) Do not clean anything. 8) Good luck.[/QUOTE]
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