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<p>[QUOTE=&quot;GDJMSP, post: 2431801, member: 112&quot;]Is it ? Or is it the way it is done in the real world ?</p><p><br /></p><p><br /></p><p><br /></p><p>By doing your homework BEFORE you do it of course. </p><p><br /></p><p>No this was not specifically spelled out, but then does it really need to be ? I mean who would be so foolish as to just pick a dealer at random, send or give them your collection, and ask them to make an offer ? Nobody that I ever heard of would do that.</p><p><br /></p><p>No, if you have no knowledge of coins what you do is do your homework. You ask around, talk to people you know, find out what dealers are trustworthy, what dealers have a good reputation. And if you don&#039;t know anybody who knows any dealers, then you ask other people who do know dealers. You read up on things, maybe even visit a coin forum like this one and ask questions, which is what the OP in this thread did. </p><p><br /></p><p>But in the end, one way or another before any offer will ever be made, the collection must be left with or sent to the dealer so that he can examine the coins in hand. And there are no exceptions to this - ever. Because in the real world, that IS how it is done. And yes, there are a great many dealers that can be trusted to do this and do it fairly and honestly. </p><p><br /></p><p>The counter to this method is typically - well you won&#039;t get a fair price if you do that ! And that always makes me laugh. Why ? Because most people have no idea what a fair price even is. They might think they know, but they don&#039;t. First of all before you can even consider what a fair price is you have to be able to accurately grade each and every coin. Then you have to know the market, the current market. And there are few who meet both of those qualifications. And even if the coins are slabbed, NGC and PCGS, you still have to know low, good for, or high for the grade and know the market. And the only ones who know these things are a small handful of collectors and some dealers. That is life in the real world, that is reality.</p><p><br /></p><p>The other counter idea is - sell them yourself. OK, you can TRY. But if you do you will go through everything I described in post #25 of this thread. And after countless hours of work and effort, a year maybe even 2, you will end up with less money, or if you&#039;re lucky the same amount of money you would have been given by the dealer if you had just sold it to him to begin with.</p><p><br /></p><p>So silly ? No, it&#039;s not silly at all. It truly is the only sensible thing to do.[/QUOTE]</p><p><br /></p>

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