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How Not to Sell A Collection – Kennedy Half Dollars
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<p>[QUOTE="Tim C, post: 2530044, member: 71569"]Watching Heritage Auction(s) over the past couple of weeks, it should be a lesson to anyone on “what not to do” when time to sell your collection comes.</p><p><br /></p><p>While a few coins brought strong money for what they were so many others went for strong discounts. The problem, too many coins in the same auctions. I did not count how many Kennedy half dollars were up for auction but it appeared to being two complete collections plus were on the auction block at the same time competing with each other for buyers limited dollars.</p><p><br /></p><p>I was able to pick up three new upgrades for our set with winning bids for about half of what my bids were (all three being top pops with one being a 3/0 and another being a 5/0). The fact that some of the live auctions went after 2:30 am on the east coast on a work day didn’t help much either. I was amazed at how many modern Kennedy PCGS PR 70DCAM sold for under $40 and some of the varieties went for about one third of what they should have brought.</p><p><br /></p><p>It was diffidently a “buyers’ market”, again so many coins with a limited field of collectors making their buying power stretch could not have been good for the sellers.[/QUOTE]</p><p><br /></p>
[QUOTE="Tim C, post: 2530044, member: 71569"]Watching Heritage Auction(s) over the past couple of weeks, it should be a lesson to anyone on “what not to do” when time to sell your collection comes. While a few coins brought strong money for what they were so many others went for strong discounts. The problem, too many coins in the same auctions. I did not count how many Kennedy half dollars were up for auction but it appeared to being two complete collections plus were on the auction block at the same time competing with each other for buyers limited dollars. I was able to pick up three new upgrades for our set with winning bids for about half of what my bids were (all three being top pops with one being a 3/0 and another being a 5/0). The fact that some of the live auctions went after 2:30 am on the east coast on a work day didn’t help much either. I was amazed at how many modern Kennedy PCGS PR 70DCAM sold for under $40 and some of the varieties went for about one third of what they should have brought. It was diffidently a “buyers’ market”, again so many coins with a limited field of collectors making their buying power stretch could not have been good for the sellers.[/QUOTE]
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