Message:

<p>[QUOTE=&quot;The_Cave_Troll, post: 505661, member: 1674&quot;]I like and respect Mark and he is imminently trustworthy, but I do not recommend consigning through a dealer for 2 main reasons.</p><p><br /></p><p>1) When you consign through a dealer the dealer controls the money.&nbsp; This means you have to completly trust the dealer and have to be confident of their financial standing.&nbsp; The consignment agreement (contract) is between the dealer and the auction house meaning that you have no leagl standing in the transaction and the dealer has all of it.&nbsp; If the dealer wants to take a cash advance against your coin he will be allowed to because as far as the auction house is concerned it is his coin (one of the clauses in a standard auction contract states that the consignor owns the coin and has a clear title to it, giving him the right to sell it.&nbsp; this is a situation most collectors are uncomfortable with (I know I would be and I trust Mark).</p><p><br /></p><p>2) Dealer consignments are handled differently that collector consignments.&nbsp; The get a lower seller&#039;s fee generally, however the house has less expense involved in them.&nbsp; Dealer consignments simply aren&#039;t advertized.&nbsp; Dealers understand this, but most collectors are unaware.&nbsp; A dealer usually is auctioning the coins he cannot sell himself (read as lower quality and unwanted pieces) or coins he has made (coins he upgraded and are by definition lower quality for te grade).&nbsp; These types of consignments aren&#039;t shown in Coin World or Numi News ads and they aren&#039;t featured in the catalog the same way as collectors&#039; coins.&nbsp; This trade off is something to be aware of.&nbsp; Most collectors don&#039;t want their coins associated with dealers&#039; coins in an auction if it can be avoided.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in