Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
How much money do you make?
>
Reply to Thread
Message:
<p>[QUOTE="DonnaML, post: 7312066, member: 110350"]Obviously, as [USER=76863]@baseball21[/USER] points out, auctioning your collection will almost always result in a better deal for the seller than selling your collection to the dealer. But sometimes, one has little choice. As I've mentioned before, I was in a financial position back in 2015/2016, after a couple of years of unemployment, with my savings almost entirely depleted, where I simply couldn't wait -- possibly as long as six months -- for my collection of British gold coins, silver crowns, and historical medals, amassed over the previous 30 years, to be cataloged, listed, sold at auction, and the proceeds received and conveyed to me minus the seller's commission. I needed the money right away, for things like paying rent! So instead of auctioning the coins, I sold almost the entire collection directly to Stack's Bowers, and received perhaps 35% to at most 40% of the coins' retail value at the time. (The retail value would be a multiple of that amount now, especially the gold coins, but I try not to think about that! As I said, I didn't have a choice.) I never did follow up to see how much my coins eventually sold for at auction -- I couldn't bring myself to look.</p><p><br /></p><p>So it's not an ideal solution, and I would never have turned to it if I had another option. If I could have waited for the auction proceeds, I might not have sold the coins at all.[/QUOTE]</p><p><br /></p>
[QUOTE="DonnaML, post: 7312066, member: 110350"]Obviously, as [USER=76863]@baseball21[/USER] points out, auctioning your collection will almost always result in a better deal for the seller than selling your collection to the dealer. But sometimes, one has little choice. As I've mentioned before, I was in a financial position back in 2015/2016, after a couple of years of unemployment, with my savings almost entirely depleted, where I simply couldn't wait -- possibly as long as six months -- for my collection of British gold coins, silver crowns, and historical medals, amassed over the previous 30 years, to be cataloged, listed, sold at auction, and the proceeds received and conveyed to me minus the seller's commission. I needed the money right away, for things like paying rent! So instead of auctioning the coins, I sold almost the entire collection directly to Stack's Bowers, and received perhaps 35% to at most 40% of the coins' retail value at the time. (The retail value would be a multiple of that amount now, especially the gold coins, but I try not to think about that! As I said, I didn't have a choice.) I never did follow up to see how much my coins eventually sold for at auction -- I couldn't bring myself to look. So it's not an ideal solution, and I would never have turned to it if I had another option. If I could have waited for the auction proceeds, I might not have sold the coins at all.[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
How much money do you make?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...