If you had to sell your Morgans...

Discussion in 'US Coins Forum' started by Bman33, Feb 21, 2017.

  1. SilverMike

    SilverMike Well-Known Member

    I've only sold a few to dealers but learned that shopping around really paid off. I was amazed how offers varied by a couple hundred dollars.

    Hope the surgery goes well!
     
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  3. SuperDave

    SuperDave Free the Cartwheels!

    Your return will increase proportionally with the amount of effort invested in marketing them. Wholesale to a dealer, the fact that slabbed Morgans - especially Carson City Morgans - are really liquid is balanced out by the fact that they're really available. I should think that, wholesale, you won't do a lot better than a non-CC Morgan in terms of percentage back of retail (although of course that'll be a larger number than those from other mints).

    You'll do better with a Carson City specialist like Northern Nevada Coin than a less-specialized dealer, of course. I hope I'm wrong, but I'd think any reasonable dealer would default to wanting a bare minimum of 25% guaranteed return.

    On the other hand, liquidating them via public auction at "retail" carries the risk of audience variance, and adds the load of auction fees. The difference in what you actually realize from the sale might not compensate for the effort required, if you're unlucky.

    Another consideration - keeping Chris' words in mind - is your "break even" point. If these are long-term holdings and even at dealer wholesale you're going to profit nicely, ease of liquidation (especially when you're looking at surgery) might be a higher priority.
     
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