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How Not to Sell A Collection – Kennedy Half Dollars
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<p>[QUOTE="calcol, post: 2530325, member: 77639"]As far as auctions go, I think Heritage's goal is to move consignor's coins to auction as fast as possible. If multiples of the same coin appear simultaneously and may sell for less as a consequence, then that's the way it goes. But trying to hold coins back has disadvantages: a. some consignors may not be happy with the delay even though it might be in their best interest, b. more coins of the same kind may be consigned during the wait, which ultimately makes things worse, c. the auction company sitting on coins in their possession costs money in overhead and the time-delay in getting commissions, d. having consignors delay in submitting may mean that they will change their mind.</p><p><br /></p><p>From a consignor's perspective, there might be a few things that can be done. For truly valuable coins ($1000 and up), you might be able to discuss the best auction for the coins and be able to avoid have your coin appear in an auction where the same coins have already been consigned. Another ploy is to not to consign an entire collection at once, but to consign in segments. This will reduce the possibility of the entire collection or a large portion of it "colliding" with a group of identical coins in the same auction. It's analogous to dollar-cost-averaging in buying, but instead is on the selling side.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2530325, member: 77639"]As far as auctions go, I think Heritage's goal is to move consignor's coins to auction as fast as possible. If multiples of the same coin appear simultaneously and may sell for less as a consequence, then that's the way it goes. But trying to hold coins back has disadvantages: a. some consignors may not be happy with the delay even though it might be in their best interest, b. more coins of the same kind may be consigned during the wait, which ultimately makes things worse, c. the auction company sitting on coins in their possession costs money in overhead and the time-delay in getting commissions, d. having consignors delay in submitting may mean that they will change their mind. From a consignor's perspective, there might be a few things that can be done. For truly valuable coins ($1000 and up), you might be able to discuss the best auction for the coins and be able to avoid have your coin appear in an auction where the same coins have already been consigned. Another ploy is to not to consign an entire collection at once, but to consign in segments. This will reduce the possibility of the entire collection or a large portion of it "colliding" with a group of identical coins in the same auction. It's analogous to dollar-cost-averaging in buying, but instead is on the selling side. Cal[/QUOTE]
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